The Business Times: July 3: Vietnam central bank keeps dollar exchange at vnd21,036, commercial bank rate up

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• July 3: Vietnam central bank keeps dollar exchange at vnd21,036, commercial bank rate up
• Vinamilk to export products to US
• Vietnam steel consumption falls in june
• Hanoi cuts auto registration fees
• Vietnam chemical imports rise 8% to $1.44bln in h1/2013: GSO
• Software outsourcing posts high growth
• EVN’s electricity revenues rise 23% in h1/2013: MOIT
• Vietnam steel imports increase 28%yoy in h1/2013: GSO
• Gold buyers disappear
• Export turnover likely to surpass US$126 billion this year

July 3: Vietnam central bank keeps dollar exchange at vnd21,036, commercial bank rate up Posted: 02 Jul 2013 07:47 PM PDT Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND20,036 on Wednesday. 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 by VND10-35/dollar for bid and by [...] The post July 3: Vietnam central bank keeps dollar exchange at vnd21,036, commercial bank rate up appeared first on Vietnam Business News.

Vinamilk to export products to US Posted: 02 Jul 2013 07:39 PM PDT The Vietnam Dairy Products Joint Stock Company (Vinamilk) said it has been licensed by the US Food and Drug Administration (FDA) to export its products to the US. According to the US regulations on food safety and anti-bioterrorism, food producers, who want to have their products consumed in the US, must register with FDA. FDA's [...] The post Vinamilk to export products to US appeared first on Vietnam Business News.

Vietnam steel consumption falls in june Posted: 02 Jul 2013 07:39 PM PDT Vietnam's steel consumption was estimated to reach 350,000 tons in June 2013, down 36,000 tons or 9.33% from May, the local news provider NDHMoney.vn reported. However, the June's figure is still up 52,301 tons or up 17.57% on year, NDHMoney added. In Jan-June period of this year, Vietnam was estimated to have consumed total of [...] The post Vietnam steel consumption falls in june appeared first on Vietnam Business News.

Hanoi cuts auto registration fees Posted: 02 Jul 2013 07:39 PM PDT Hanoi's People Council today officially approved the city's People committee submission on some. In details, Hanoi will apply 12% of registration fees ( for the 1st registration) for less than 10 seat passenger cars, replacing the current tax of 15%. The fees from the 2nd registration time will be 2% for less than 10 seat cars and [...] The post Hanoi cuts auto registration fees appeared first on Vietnam Business News.

Vietnam chemical imports rise 8% to $1.44bln in h1/2013: GSO Posted: 02 Jul 2013 07:39 PM PDT Vietnam was estimated to have spent total of $1.44 billion to import chemical products in the first half of 2013, making a year on year increase of 8%, the General Statistics Office (GSO) said. In June alone, the country imported $270 million worth of chemical products, down 9.1% on month but up 22.13% on year, [...] The post Vietnam chemical imports rise 8% to $1.44bln in h1/2013: GSO appeared first on Vietnam Business News.

Software outsourcing posts high growth Posted: 02 Jul 2013 07:36 PM PDT The local software outsourcing industry has posted strong growth this year, contradictory to the slackened performance of local hardware makers and retailers, an industry source said. "The software outsourcing industry's sales might register growth of up to 20-30% year-on-year this year," said Chu Tien Dung, chairman of the HCMC Computer Association. Software outsourcing companies received [...] The post Software outsourcing posts high growth appeared first on Vietnam Business News.

EVN’s electricity revenues rise 23% in h1/2013: MOIT Posted: 02 Jul 2013 07:35 PM PDT Revenues from electricity of Vietnam Electricity Group (EVN) were estimated to reach VND81,656 billion ($3.85 billion) in the first half of 2013, up 23.29% on year, the Ministry of Industry and Trade (MoIT) reported. In June alone, EVN generated VND14,99 billion ($706 million) revenues from electricity selling, increasing 20.57% on year, MoIT added. Regarding quantity, [...] The post EVN's electricity revenues rise 23% in h1/2013: MOIT appeared first on Vietnam Business News.

Vietnam steel imports increase 28%yoy in h1/2013: GSO Posted: 02 Jul 2013 07:35 PM PDT Vietnam's imports of steel were estimated to have accelerated to 4.85 million tons worth $3.53 billion in the first half of 2013, increasing 27.8% on year in volume and increasing 14.4% on year in value, the General Statistics Office (GSO) said. However, in June alone, the country was estimated to spend $596 million to buy [...] The post Vietnam steel imports increase 28%yoy in h1/2013: GSO appeared first on Vietnam Business News.

Gold buyers disappear Posted: 02 Jul 2013 07:32 PM PDT Though domestic gold prices crashed by VND850,000 per tael compared to late last week, buying power declined sharply on Monday after the central bank has announced to continue supplying gold for the market. Saigon Jewelry Company (SJC) quoted gold prices at VND36.8 million and VND37.15 million per tael for buying and selling respectively. Many banks [...] The post Gold buyers disappear appeared first on Vietnam Business News.

Export turnover likely to surpass US$126 billion this year Posted: 02 Jul 2013 07:29 PM PDT The country's export turnover is expected to reach US$127 billion this year, one billion higher than the set target, according to the Ministry of Industry and Trade (MoIT). The MoIT said that in the context of positive changes in the world, major economies like the US, Japan, and the EU have adopted a number of [...] The post Export turnover likely to surpass US$126 billion this year appeared first on Vietnam Business News.

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