The Business Times: Furniture sector hit by price hikes

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• Furniture sector hit by price hikes
• ACV wants Long Thanh airport project sped up
• Garment group to perform IPO in the fourth quarter
• It’s time to declare death for a series of securities companies
• Economy brightens for southern hub
• Hanoi targets 8.5-9.5% GDP growth in 2014
• Vietnam c.bank regulates gold keeping service offered by local lenders
• July 12, 2013: Vietnam gold bucks trend to fall to vnd37.6mln/tael, dollar stable
• World bank says vietnam’s forex reserves at 2.8 months of import
• Vietnam VDB sells vnd530bln government bonds on jul 10; yields down

Furniture sector hit by price hikes Posted: 11 Jul 2013 10:57 PM PDT HCM CITY (VNS)— Local producers of wooden furniture are struggling due to an increase in the price of imported wood that has negatively affected their operations. According to the HCM City Wood Processing Association (HAWA), the cost of timber imported from the US, Europe and Africa rose by 20 per cent in the last five [...] The post Furniture sector hit by price hikes appeared first on Vietnam Business News.

ACV wants Long Thanh airport project sped up Posted: 11 Jul 2013 10:55 PM PDT Airports Corporation of Vietnam (ACV) on Monday requested related parties to accelerate the development of Long Thanh International Airport in Dong Nai to ease the burden on the operational Tan Son Nhat International Airport. Nguyen Nguyen Hung, chairman of ACV's board, said Tan Son Nhat Airport in HCMC would be overloaded by 2020, even in [...] The post ACV wants Long Thanh airport project sped up appeared first on Vietnam Business News.

Garment group to perform IPO in the fourth quarter Posted: 11 Jul 2013 10:53 PM PDT  The Vietnam Textile and Garment Group (Vinatex) has completed the audit and business valuation for its first issue of shares to the public (IPO) in the fourth quarter of 2013. Vinatex's Deputy General Director – Mr. Le Tien Truong, said at a meeting yesterday that so far this year the group replaced 38 officials who [...] The post Garment group to perform IPO in the fourth quarter appeared first on Vietnam Business News.

It’s time to declare death for a series of securities companies Posted: 11 Jul 2013 10:51 PM PDT The death of the first securities companies has been declared officially after they failed to struggle to survive. Many other companies, named in the black list, would have the same fate. The State Securities Commission (SSC) revoked the operation licenses from the Truong Son and Hanoi Securities Companies in early July. The two have not [...] The post It's time to declare death for a series of securities companies appeared first on Vietnam Business News.

Economy brightens for southern hub Posted: 11 Jul 2013 10:47 PM PDT The economy of HCM City has been recovering despite many challenges it faced, a senior official said yesterday at a meeting of the city People’s Council. Hua Ngoc Thuan, deputy chairman of the HCM City People’s Committee, said the city’s GDP had reached VND340.6 trillion (US$16.2 billion) in the first six months of the year, a growth [...] The post Economy brightens for southern hub appeared first on Vietnam Business News.

Hanoi targets 8.5-9.5% GDP growth in 2014 Posted: 11 Jul 2013 10:46 PM PDT On July 10, 2013, Nguyen The THao-chairman of Hanoi's People Committee signed instructions on socio-economic construction and development, State budget estimation for 2014. In which, Hanoi targets 8.5-9.5% Gross Domestic Products (GDP) growth. In details, the city targets 12-13% on year increase in the internal collection (collection from crude oil and land use excluded); collection [...] The post Hanoi targets 8.5-9.5% GDP growth in 2014 appeared first on Vietnam Business News.

Vietnam c.bank regulates gold keeping service offered by local lenders Posted: 11 Jul 2013 10:42 PM PDT The State Bank of Vietnam (SBV) has recently directed credit institutions to keep gold for customers in accordance with regulations and license granted by the central bank. Accordingly, some unlicensed banks with outstanding customers' gold in their safe lockers as of Jul 5, 2013 will be permitted to continue holding gold for customers until due [...] The post Vietnam c.bank regulates gold keeping service offered by local lenders appeared first on Vietnam Business News.

July 12, 2013: Vietnam gold bucks trend to fall to vnd37.6mln/tael, dollar stable Posted: 11 Jul 2013 10:41 PM PDT This morning, Vietnam gold fell by VND80,000/tael versus yesterday close to VND37.6 million/tael, bucking the world trend. SJC Hochiminh was traded at VND37.00 million/taelfor bid and VND37.60million/tael for ask respectively as of 09:54 am, Hanoi time. SJC in the North quoted at VND37.00 million/tael for bid and VND37.60 million/tael for ask. Techcombank gold prices were listed at VND37.05-VND37.60 million/tael for [...] The post July 12, 2013: Vietnam gold bucks trend to fall to vnd37.6mln/tael, dollar stable appeared first on Vietnam Business News.

World bank says vietnam’s forex reserves at 2.8 months of import Posted: 11 Jul 2013 10:36 PM PDT Vietnam's foreign currency reserve has climbed to the equivalent 2.8 months of imports in the first quarter of 2013, according to the World Bank. Vietnam's foreign currency reserve has climbed to the equivalent 2.8 months of imports in the first quarter of 2013, versus 2.2 months in Q1/2012 and 1.6 months two years earlier, the [...] The post World bank says vietnam's forex reserves at 2.8 months of import appeared first on Vietnam Business News.

Vietnam VDB sells vnd530bln government bonds on jul 10; yields down Posted: 11 Jul 2013 10:35 PM PDT The Vietnam Development Bank (VDB) on Jul 10 sold VND530 trillion (21.2%) worth of government bonds out of VND2.5 trillion auctioned at the Hanoi Stock Exchange (HNX) at the yields of 7.6-8.5% p.a., the finance ministry's e-portal said. In the auction, the VDB planned to sell VND2.5 trillion worth of government-backed bonds for tenors of [...] The post Vietnam VDB sells vnd530bln government bonds on jul 10; yields down appeared first on Vietnam Business News.

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