The Business Times: The short and long of Vietnam’s coffee tribulations

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• The short and long of Vietnam’s coffee tribulations
• Over 240,000 tonnes of rice shipped abroad in July
• VAMC to begin activities from tomorrow [jul 26]
• Bond trading value on secondary market in H1/2013 surges 174% y/y
• Vietnamese fruit to penetrate US market
• Phu Bai International Airport to reopen soon
• E-tax service expands to five regions
• July 25, 2013: Vietnam gold falls to vnd38.5mln/tael, dollar stable
• Vietnam retail sales and services turnover increase 12% yoy in 7m/2013: GSO
• Vietnam runs $200mln trade surplus in july 2013: GSO

The short and long of Vietnam’s coffee tribulations Posted: 24 Jul 2013 11:12 PM PDT The folly of using short-term loans for long-term projects and a general policy of trading in paper stocks are coming home to roost for coffee producers and exporters in Vietnam. They have piled up huge amounts of debt and will have to be very careful about their next steps if they are not to make [...] The post The short and long of Vietnam's coffee tribulations appeared first on Vietnam Business News.

Over 240,000 tonnes of rice shipped abroad in July Posted: 24 Jul 2013 11:12 PM PDT Vietnam exported 241,668 tonnes of rice for US$94.94 million (FOB) between July 1-18, the Vietnam Food Association (VFA) reported. The 4-10% broken rice made up the largest proportion of the total (132, 357 tonnes or 54.77%), followed by the 25% broken rice (51,000 tonnes – 21.1%) and the 15-20% broken rice (35,410 tonnes – 14.65%). [...] The post Over 240,000 tonnes of rice shipped abroad in July appeared first on Vietnam Business News.

VAMC to begin activities from tomorrow [jul 26] Posted: 24 Jul 2013 09:56 PM PDT The much-anticipated Vietnam asset management company (VAMC) will come into life from tomorrow [Jul 26] and specific action programs for its operation have already been planned. The VAMC was scheduled to start operation from Jul 9, yet the establishment was delayed as some documents for the operation of the company were incomplete. According to the [...] The post VAMC to begin activities from tomorrow [jul 26] appeared first on Vietnam Business News.

Bond trading value on secondary market in H1/2013 surges 174% y/y Posted: 24 Jul 2013 09:56 PM PDT Bond trading value on the secondary market soared by 174% on year to over VND254.53 trillion in the first half of 2013, said Vietcombank Securities Co. (VCBS) in its latest bond report. This marks the highest level since 2010 and exceeds 2012's full year figure by 7%. The average monthly trading value jumped from VND4-5 [...] The post Bond trading value on secondary market in H1/2013 surges 174% y/y appeared first on Vietnam Business News.

Vietnamese fruit to penetrate US market Posted: 24 Jul 2013 09:54 PM PDT Minister of Agriculture and Rural Development Cao Duc Phat has said the US is considering removing barriers against fruit to be imported from Vietnam. Thanh nien news wire on July 25 quoted Phat, saying the agreement was reached during a July 24 meeting in Washington DC between US Secretary of Agriculture Tom Vilsak and Vietnamese State [...] The post Vietnamese fruit to penetrate US market appeared first on Vietnam Business News.

Phu Bai International Airport to reopen soon Posted: 24 Jul 2013 09:51 PM PDT Phu Bai International Airport in the central province of Thua Thien-Hue is expected to resume operating on September 20 after closure for runway repair. The reopening time is two months ahead of schedule. With the runway of 2,800 metres in length and 45 metres in width, Phu Bai airport is capable of handling mid-range planes [...] The post Phu Bai International Airport to reopen soon appeared first on Vietnam Business News.

E-tax service expands to five regions Posted: 24 Jul 2013 09:44 PM PDT HA NOI (VNS)— The General Department of Taxation will enable up to 1,000 enterprises in five provinces – Ha Noi, HCM City, Bac Ninh, Dong Nai and Nghe An – to pay their tax online by the end of this year. The move follows the success of a recent pilot programme where 100 Ha Noi-based [...] The post E-tax service expands to five regions appeared first on Vietnam Business News.

July 25, 2013: Vietnam gold falls to vnd38.5mln/tael, dollar stable Posted: 24 Jul 2013 09:33 PM PDT Today, Vietnam gold was traded down by VND380,000/tael versus yesterday close at VND38.5 million/tael, following the world trend. SJC Hochiminh was traded at VND38.1 million/tael for bid and VND38.5 million/tael for ask respectively as of 10:46 am, Hanoi time. SJC in the North quoted at VND38.10 million/tael for bid and VND38.52 million/tael for ask. Techcombank [...] The post July 25, 2013: Vietnam gold falls to vnd38.5mln/tael, dollar stable appeared first on Vietnam Business News.

Vietnam retail sales and services turnover increase 12% yoy in 7m/2013: GSO Posted: 24 Jul 2013 08:22 PM PDT Vietnam's total retail sales and service revenues are estimated to have increased by 12.83% on year to VND1,488 trillion ($70.04 billion) in the first seven months of 2013, up 12.01% on year, the General Statistics Office (GSO) said in its website. In July alone, the country's total revenues of retail sales and service turnover were [...] The post Vietnam retail sales and services turnover increase 12% yoy in 7m/2013: GSO appeared first on Vietnam Business News.

Vietnam runs $200mln trade surplus in july 2013: GSO Posted: 24 Jul 2013 08:21 PM PDT Vietnam is estimated to run $200 million trade surplus in July, narrowing the figure to $733 million trade deficit in Jan-July, 2013 period, the General Statistics Office (GSO) said in its recent report. This is the second consecutive month Vietnam posted a trade surplus, GSO noted. In details, Vietnam shipped $11.2 billion worth of goods [...] The post Vietnam runs $200mln trade surplus in july 2013: GSO appeared first on Vietnam Business News.

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