The Business Times: Vietnam remains world’s largest pepper exporter

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• Vietnam remains world’s largest pepper exporter
• Singapore sends FDI skywards
• VAMC may borrow funds from international organizations
• Vietnam launches debt firm to rescue its battered banks
• Vietnam central bank net injects vnd22.4tln via OMO in week ending jul 26
• Vietnam c.bank explains inconsistency in bad debt figures
• Vietnam banks have more time to tackle NPLs
• Vietnam’s restructured banks operate normally
• July 29: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks adjust exchange rate
• July 29, 2013: Vietnam gold hovers at vnd38.45mln/tael, dollar stable

Vietnam remains world’s largest pepper exporter Posted: 28 Jul 2013 10:28 PM PDT Vietnam raked in US$618 million from exporting 94,000 tonnes of pepper in the first seven months of this year, retaining control of the global pepper market. According to the Ministry of Agriculture and Rural Development (MARD), in July alone the country shipped approximately 12,000 tonnes of pepper abroad, earning US$81 million. However, MARD said, the [...] The post Vietnam remains world's largest pepper exporter appeared first on Vietnam Business News.

Singapore sends FDI skywards Posted: 28 Jul 2013 10:24 PM PDT HA NOI (VNS)— Foreign direct investment (FDI) registered during the first seven months of this year surged by 19.6 per cent over the same period last year to US$11.91 billion. General Statistics Office figures show $6.92 billion came from 677 newly licensed projects, up 10 per cent, while the remainder was an increase of capital [...] The post Singapore sends FDI skywards appeared first on Vietnam Business News.

VAMC may borrow funds from international organizations Posted: 28 Jul 2013 10:23 PM PDT Nguyen Huu Thuy, General Director of the Vietnam Asset Management Co. (VAMC), said the firm may borrow funds from both domestic and international organizations, besides raising capital through issuing special bonds. “There are quite a number of international organizations showing their interest in the VAMC; the company has met some organizations, and plans to work [...] The post VAMC may borrow funds from international organizations appeared first on Vietnam Business News.

Vietnam launches debt firm to rescue its battered banks Posted: 28 Jul 2013 10:23 PM PDT Vietnam launched an asset firm to buy up the bad debts of its banks on Friday, a move touted as one of its biggest reforms but seen as merely a band-aid fix for its ailing, credit-starved economy. The State Bank of Vietnam (SBV) has faced long delays in setting up the Vietnam Asset Management Company [...] The post Vietnam launches debt firm to rescue its battered banks appeared first on Vietnam Business News.

Vietnam central bank net injects vnd22.4tln via OMO in week ending jul 26 Posted: 28 Jul 2013 10:23 PM PDT The State Bank of Vietnam (SBV) net pumped VND22.4 trillion via reserve repo and outright selling operations on OMO in the week ending July 26, the local newswire NDHMoney.vn reported, citing data compiled by SSI Research. During the week, the SBV continuously pumped liquidity for commercial banks with average volume of VND4-7 trillion per trading [...] The post Vietnam central bank net injects vnd22.4tln via OMO in week ending jul 26 appeared first on Vietnam Business News.

Vietnam c.bank explains inconsistency in bad debt figures Posted: 28 Jul 2013 10:23 PM PDT The State Bank of Vietnam (SBV)'s banking supervisory agency attributed the discrepancy in bad loan data to different figures quoted from different sources of the management bodies in different timeframes. Currently, the central bank relies on two different data sources to monitor bad debts of credit institutions, including those data submitted by local banks and [...] The post Vietnam c.bank explains inconsistency in bad debt figures appeared first on Vietnam Business News.

Vietnam banks have more time to tackle NPLs Posted: 28 Jul 2013 10:23 PM PDT According to the State Bank of Vietnam (SBV)'s banking supervisory agency, the now-in-operation VAMC will help local banks have more time to set aside sufficient provisions to handle their non-performing loans (NPLs). Besides, in the coming time when businesses' activities and market conditions improve with a new economic cycle, credit institutions will have more chances [...] The post Vietnam banks have more time to tackle NPLs appeared first on Vietnam Business News.

Vietnam’s restructured banks operate normally Posted: 28 Jul 2013 10:22 PM PDT Vietnam’s once troubled banks that have been restructured according to approved plans are operating normally now, ensuring solvency and having improved health, the local newswire NDHMoney.vn reported. So far, the State Bank of Vietnam (SBV) has reported to the Prime Minister eight restructuring plans for 9 ailing commercial banks. Accordingly, three banks have merged; one [...] The post Vietnam's restructured banks operate normally appeared first on Vietnam Business News.

July 29: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks adjust exchange rate Posted: 28 Jul 2013 10:22 PM PDT Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND20,036 on Monday, Unchanged since June 28. 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, some commercial banks adjusted down selling prices [...] The post July 29: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks adjust exchange rate appeared first on Vietnam Business News.

July 29, 2013: Vietnam gold hovers at vnd38.45mln/tael, dollar stable Posted: 28 Jul 2013 10:10 PM PDT This morning, Vietnam gold was traded around VND38.45 million/tael, up VND50,000/tael versus weekend close. World gold inched down. SJC Hochiminh was traded at VND38.15million/tael for bid and VND38.45 million/tael for ask respectively as of 10:26 am, Hanoi time, following the world trend. SJC in the North quoted at VND38.15 million/tael for bid and VND38.45 million/tael [...] The post July 29, 2013: Vietnam gold hovers at vnd38.45mln/tael, dollar stable appeared first on Vietnam Business News.

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