The Business Times: Travel agencies demand greater industry cohesion

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• Travel agencies demand greater industry cohesion
• Liberty Reverse case: SBV says clients incur dead loss
• The Vietnamese software dream (part 2)
• VASEP denies DOC report on shrimp subsidy
• Vietnam’s five-year bond yield falls to 2007 low: Hanoi mover
• Jan-Apr lending growth: STB +6%; HDBank +4%
• Vietnam central bank net injects vnd309bln via OMO on may 31
• Aquatic exports to Africa on the rise
• Mobile ad market in Vietnam prospers
• Power sector set for FDI inflow

Travel agencies demand greater industry cohesion Posted: 02 Jun 2013 09:24 PM PDT HCM CITY  (VNS)— A tourism-stimulation programme launched by the National Administration of Tourism is hampered by a lack of co-operation among service suppliers, travel agency representatives have said. The programme, launched this year on May 29 to boost tourism during a global recession, encourages travel agencies around the country to slash prices. However, many travel [...]

Liberty Reverse case: SBV says clients incur dead loss Posted: 02 Jun 2013 09:21 PM PDT The people, who made transactions with the Liberty Reverse's in Vietnam, and intermediate payment websites could not withdraw money before the network was collapsed in the US. A high ranking official of the State Bank of Vietnam said the clients are certain of dead loss since they made transactions with a payment network which was [...]

The Vietnamese software dream (part 2) Posted: 02 Jun 2013 08:45 PM PDT The initial success in the software industry gives an important reason to Vietnam to continue making heavy investment in developing software products. Experts believe that Vietnam should learn the experiences of building up the software industry from India, where most of the information technology firms are software firms. India has been gathering its strength on [...]

VASEP denies DOC report on shrimp subsidy Posted: 02 Jun 2013 08:44 PM PDT The Vietnam Association of Seafood Exporters and Producers (VASEP) has protested against a preliminary determination by the U.S. Department of Commerce on subsidy margins for frozen shrimp imports from Vietnam. In its preliminary determination released on Thursday, according to a Vietnam Television correspondent in the U.S., the DOC determines a subsidy margin of 5.08% on [...]

Vietnam’s five-year bond yield falls to 2007 low: Hanoi mover Posted: 02 Jun 2013 08:42 PM PDT The yield on Vietnam's five-year government bonds fell to the lowest level since 2007 on speculation interest rates will be cut as inflation slows. The weekly drop in the yield was the biggest since March after central bank Governor Nguyen Van Binh told lawmakers in Hanoi yesterday that the regulator will take measures to bring [...]

Jan-Apr lending growth: STB +6%; HDBank +4% Posted: 02 Jun 2013 08:41 PM PDT Saigon Thuong Tin Commercial Joint Stock Bank (STB) said that its total loans grew by 6% in the first four months of this year, fulfilling half of its credit growth target for 2013, vice chairman said. Of the total, lending to individuals accounted for 50%. According to the bank's management, although lending to individuals and [...]

Vietnam central bank net injects vnd309bln via OMO on may 31 Posted: 02 Jun 2013 08:41 PM PDT The State Bank of Vietnam (SBV) net injected VND309 billion through open market operations (OMO) on May 31 after it pumped VND362 billion for 70day window at 6% and withdrew VND53 billion. The monetary authority sold VND2 trillion worth of Treasury-bills last Friday, the local newswire NDHMoney.vn reported, citing data compiled by SSIResearch. From March 15, [...]

Aquatic exports to Africa on the rise Posted: 02 Jun 2013 08:40 PM PDT Vietnam's aquatic export turnover to Africa reached US$30.3 million in the first quarter of this year, up 15 percent against the same period last year. Last year, the turnover to 25 African countries hit US$150 million, a 38 percent surge from 2011, with key exports including Tra and Ba Sa fish, shrimp and tuna. According [...]

Mobile ad market in Vietnam prospers Posted: 02 Jun 2013 08:33 PM PDT The businessmen at the 2013 CMO Vietnam, the marketing communication forum, held in HCM City some days ago, all noted the inevitable move of the society's life towards Internet and Mobile. The supporting factors Vietnam in recent years has been witnessing the so called "smart phone boom" with the sharp increase in the number of [...]

Power sector set for FDI inflow Posted: 02 Jun 2013 08:30 PM PDT HA NOI (VNS)— A new wave of foreign direct investment (FDI) is expected to flow into Viet Nam’s power sector to meet the country’s high electricity demand which local power plants have been struggling to meet. According to Tata Power, a subsidiary of the Indian Tata Group, the company has gained Vietnamese Government approval to [...]

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