Monday, July 22, 2013

The Business Times: Taiwanese target M&A deals

The Business Times: Taiwanese target M&A deals

Link to Vietnam Business News

Taiwanese target M&A deals

Posted: 22 Jul 2013 01:14 AM PDT

Vietnam's real estate market has seen increasing interest from foreign investors in the first half of the year. According to CBRE Vietnam, investment enquiries increased by 20 to 30 per cent over last year. Amongst these, old favourites Japan and Korea remained keen on Vietnam, while Taiwan was increasingly on the lookout for opportunities. Large [...]

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Large banks focus on corporate bonds

Posted: 22 Jul 2013 12:24 AM PDT

The total value of corporate bonds sold during the first six months of this year has reached 15 trillion VND (707.5 million USD), equivalent to 88 percent of last year's total, according to a report from BIDV. The total value of corporate bonds sold during the first six months of this year has reached 15 [...]

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Mekong Delta farmers advised to grow more cash crops

Posted: 22 Jul 2013 12:23 AM PDT

The Government and the Ministry of Agriculture and Rural Development have met with experts to discuss the possibility of farmers in the Mekong Delta switching from low-yield rice to higher-value cash crops to increase income. Every year, the country has to import large quantities of corn and soybeans for producing animal feed. In recent years, [...]

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Insurance firms eye lower dividends

Posted: 21 Jul 2013 10:22 PM PDT

HA NOI (VNS)— Many insurers have planned to slash dividend payments, following the usual round of insurance company shareholder meetings. A manager from the Military Insurance Corporation told the Dau tu chung khoan (Securities Investment) newspaper said his company failed to meet its profit target in 2012. It bought a 19 per cent stake in [...]

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Exports to the UK up 41.6% in H1

Posted: 21 Jul 2013 10:15 PM PDT

Vietnam's export turnover to the UK reached US$1.76 billion in the past six months, a year-on-year increase of 41.6%, according to the General Statistics Office (GSO). Telephones and components earned the largest turnover of more than US$611 million, up 79.6%, followed by footwear (US$260.1 million, up 4.6%), and garments (US$205.1 million, up 3.5%). Notably, computers, [...]

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Vietnam central bank denies asking banks to limit interbank lending

Posted: 21 Jul 2013 10:11 PM PDT

The State Bank of Vietnam (SBV) said it did not asked state-run commercial banks to limit lending on the interbank market or restricted the activity, the local newswire VnEconomy.vn reported. "Transactions on the interbank market and through open market operations (OMO) are still carried out normally. The central bank only participates to regulate through technical [...]

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Banks refuse government bonds because of low interest rates

Posted: 21 Jul 2013 10:11 PM PDT

Commercial banks have made a volte face, refusing to buy government bonds because the offered interest rates are lower than their expected levels.   Government bond sales have been selling more slowly because commercial banks, the biggest bond buyers, have turned their back on the bond issuances. According to Vietcombank Securities and the Hanoi Stock [...]

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Vietnam runs $8.3bln trade surplus with U.S in h1/2013: Vietnam customs

Posted: 21 Jul 2013 10:10 PM PDT

Vietnam is estimated to have run $8.3 billion trade surplus with the U.S in the first half of this year, the General Department of Vietnam Customs reported in its website. In details, Vietnam lured $10.8 billion from its exports to the U.S market, up 17.34% on year in H1/2013 while it spent $2.6 billion to [...]

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Blue chips provide boost to VN-Index

Posted: 21 Jul 2013 08:17 PM PDT

HA NOI (VNS)— The positive performance of large-cap shares last week helped raise the benchmark VN-Index on the HCM City Stock Exchange by nearly 2 per cent. The VN30 tracking the 30 largest shares by market capitalisation and liquidity on the bourse also climbed 1.6 per cent to finish Friday at over 557 points. Last [...]

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Inspectors slam wasteful VNPT

Posted: 21 Jul 2013 08:17 PM PDT

HA NOI (VNS)— The Government Inspectorate on Friday announced that the Viet Nam Posts and Telecommunications Group (VNPT) had made significant investment mistakes that had wasted a lot of money. Inspectors concluded that the State-owned company carried out a large number of projects during 2006-11 but many witnessed changes during their implementation process. The progress [...]

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