The Business Times: Fruit and veg exports enjoy fertile growth

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• Fruit and veg exports enjoy fertile growth
• Seminar on Government draft vision to 2020
• Vietcombank posts negative credit growth in h1
• PVFC speed up merger plan
• Vietnam central bank to perform settlement for g-bonds from q2/2014
• July 4: Vietnam central bank keeps dollar exchange at vnd21,036, commercial bank rate up
• Interest rates stable despite latest SBV cuts
• Investors more cautious with their money
• Google launches VN search tools
• July 4, 2013: Vietnam gold jumps to vnd3.15mln/tael, dollar stable

Fruit and veg exports enjoy fertile growth Posted: 03 Jul 2013 11:44 PM PDT HA NOI (VNS)— The national export value of fruit and vegetables rose 33.5 per cent year-on-year in the first half of 2013, reaching US$492 million. Of this figure, $110 million was made in June, the Ministry of Agriculture and Rural Development has announced. China continued to be the largest export market for Vietnamese fruit and [...] The post Fruit and veg exports enjoy fertile growth appeared first on Vietnam Business News.

Seminar on Government draft vision to 2020 Posted: 03 Jul 2013 11:40 PM PDT A seminar was held in Hanoi on July 3 by the Central Institute for Economic Management (CIEM), the Government Office and the Ministry of Home Affairs to discuss a roadmap for implementation of a Government draft vision to 2020. This is part of a project funded by the Swedish International Development Cooperation Agency (SIDA) to [...] The post Seminar on Government draft vision to 2020 appeared first on Vietnam Business News.

Vietcombank posts negative credit growth in h1 Posted: 03 Jul 2013 11:37 PM PDT Joint Stock Commercial Bank for Foreign Trade of Vietnam (VCB) said it faced lending shrink in the first half of 2013 as many large firms repaid VCB loans worth hundreds of millions of dollars to seek cheaper sources of capital. VCB chairman Nguyen Hoa Binh was quoted by the local online newspaper baodautu.vn as saying [...] The post Vietcombank posts negative credit growth in h1 appeared first on Vietnam Business News.

PVFC speed up merger plan Posted: 03 Jul 2013 11:37 PM PDT PetroVietnam Finance Joint Stock Corp. (PVFC) said it and Western Commercial JS Bank (WTB) have been focusing on completing procedures to seek the State Bank of Vietnam (SBV)'s approval; a move aims to put the merged bank into operation soon. If all go with plan, the merged bank may come into life in the third [...] The post PVFC speed up merger plan appeared first on Vietnam Business News.

Vietnam central bank to perform settlement for g-bonds from q2/2014 Posted: 03 Jul 2013 11:37 PM PDT The method of payment for government bonds will be changed from multilateral netting to real time gross settlement (RTGS) and the central bank will perform settlement for government bond transactions, instead of BIDV. The information was revealed in the project “Transferring function of settlement for government bond transactions from commercial bank to the central bank” [...] The post Vietnam central bank to perform settlement for g-bonds from q2/2014 appeared first on Vietnam Business News.

July 4: Vietnam central bank keeps dollar exchange at vnd21,036, commercial bank rate up Posted: 03 Jul 2013 11:37 PM PDT Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND20,036 on Thursday. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,246. Today, commercial banks increased dollar prices both for bid and ask, ranging [...] The post July 4: Vietnam central bank keeps dollar exchange at vnd21,036, commercial bank rate up appeared first on Vietnam Business News.

Interest rates stable despite latest SBV cuts Posted: 03 Jul 2013 11:37 PM PDT HA NOI (VNS)— Interest rates have recently tended to be directed by market forces even though deposit rates are still capped, according to industry insiders. Late last week the State Bank of Viet Nam cut the interest rate cap on deposits for terms of one to six months by 0.5 percentage point to 7 per [...] The post Interest rates stable despite latest SBV cuts appeared first on Vietnam Business News.

Investors more cautious with their money Posted: 03 Jul 2013 11:32 PM PDT The market is volatile and has potential risks, making investors to be increasingly cautious. Their top priority at present is probably not to "make money from money,” but to preserve their capital – a negative signal for the economy. Be cautious with investment channels The stock market on the morning of July 1–the first trading [...] The post Investors more cautious with their money appeared first on Vietnam Business News.

Google launches VN search tools Posted: 03 Jul 2013 11:32 PM PDT HCM CITY (VNS)— Google Inc announced on Tuesday the launch of three new search tools in Vietnamese – Knowledge Graph, Voice search on Android and Google handwrite. It said the new tools will help Vietnamese people find information on the web more quickly and efficiently. Amy Kunrojpanya, head of public affairs and communications in Greater [...] The post Google launches VN search tools appeared first on Vietnam Business News.

July 4, 2013: Vietnam gold jumps to vnd3.15mln/tael, dollar stable Posted: 03 Jul 2013 11:30 PM PDT Today, Vietnam gold posted gain, increasing VND550,000/tael for ask, versus yesterday close to VND3.15 million a tael as of 10:10 am, following the world suit. SJC Hochiminh was traded at VND37.65 million/taelfor bid and VND38.15million/tael for ask respectively as of 10:10 am, Hanoi time. SJC in the North quoted at VND37.65 million/tael for bid and VND38.15 million/tael for ask. [...] The post July 4, 2013: Vietnam gold jumps to vnd3.15mln/tael, dollar stable appeared first on Vietnam Business News.

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