The Business Times: Banks’ bad debts drop suspiciously

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• Banks’ bad debts drop suspiciously
• CPI increases remain modest
• Petrolimex posts huge pre-tax profit amid fuel hike
• Deputy PM: Power sector must restructure
• Da Nang attracts $26.5 million in FDI
• Decree advances digital signatures
• Ha Noi stock exchange lists most transparent companies
• Vinacomin targets sustainable coal and mineral industry
• Vietnam should carry bad debt auctions: IFC
• Local firm wants to take over Nam Can port

Banks’ bad debts drop suspiciously Posted: 17 Aug 2013 12:12 AM PDT The finance reports released by many commercial banks showed that their bad debt ratios have fallen down sharply to below 3 percent. This spells that the Vietnam Asset Management Company VAMC, established to help set banks free from bad debts, will have no job to do. Bad debts slide suddenly The reports by the State [...] The post Banks' bad debts drop suspiciously appeared first on Vietnam Business News.

CPI increases remain modest Posted: 17 Aug 2013 12:06 AM PDT Nguyen Duc Thang, director of the Price Department under the General Statistics Office (GSO), spoke with Hai Quan Cuoi Tuan (Customs Weekend) newspaper about inflation projections. Do you think that the consumer price index (CPI) will increase in August? As reported by the General Statistics Office, CPI rose 0.27 per cent in July, up from [...] The post CPI increases remain modest appeared first on Vietnam Business News.

Petrolimex posts huge pre-tax profit amid fuel hike Posted: 17 Aug 2013 12:05 AM PDT Vietnamese fuel giant Petrolimex Friday announced its financial report in the first half of this year, with a whopping pre-tax profit of VND898 billion, or US$42.69 million. The earning, announced by company representative Le Van Tuyen, is against prediction of insiders, who thought it would have been much lower, given the rising global fuel prices. [...] The post Petrolimex posts huge pre-tax profit amid fuel hike appeared first on Vietnam Business News.

Deputy PM: Power sector must restructure Posted: 17 Aug 2013 12:03 AM PDT Deputy Prime Minister Hoang Trung Hai has made it clear that the restructuring of the power sector is now a must to improve its competitive edge and performance. Working with officials of the Electricity of Vietnam Power Generation Company (GENCO) 1 in the northern province of Quang Ninh on August 16, Deputy PM Hai said [...] The post Deputy PM: Power sector must restructure appeared first on Vietnam Business News.

Da Nang attracts $26.5 million in FDI Posted: 17 Aug 2013 12:03 AM PDT The central city of Da Nang licensed 19 foreign invested projects, with a total investment of 26.5 million USD while established projects raised their total investment capital to 62.8 million USD last month. Officials announced recently that the city has drawn in 259 FDI projects worth 3.62 billion USD, of which 164 projects are now [...] The post Da Nang attracts $26.5 million in FDI appeared first on Vietnam Business News.

Decree advances digital signatures Posted: 16 Aug 2013 11:45 PM PDT The Ministry of Information and Communications is working on a decree on accepting foreign digital certification as part of a programme to advance the use of digital signatures and e-transactions. Many government agencies and businesses use digital signatures, but the Government allows only chip maker Intel Corp to use digital signatures certified by foreign firms [...] The post Decree advances digital signatures appeared first on Vietnam Business News.

Ha Noi stock exchange lists most transparent companies Posted: 16 Aug 2013 08:56 PM PDT HNX’s top 30 listed companies for transparency 1. Asia Commercial Bank (ACB) 2. Bim Son Cement (BCC) 3. Bao Viet Securities (BVS) 4. Dabaco Group (DBC) 5. Ha Giang Mineral and Mechanics (HGM) 6. Hai Minh Corporation (HMH) 7. Kim Long Securities (KLS) 8. Kon Tum Sugar (KTS) 9. Lam Thao Fertilizers and Chemicals (LAS) [...] The post Ha Noi stock exchange lists most transparent companies appeared first on Vietnam Business News.

Vinacomin targets sustainable coal and mineral industry Posted: 16 Aug 2013 08:47 PM PDT The Vietnam National Coal and Mineral Industries Group (Vinacomin)'s visions of sustainable development for the nation's coal and mineral industries will require mechanizing production as much as possible and focusing on mine exploitation. Delegates reached this general consensus at an August 16 seminar in Quang Ninh province's Ha Long City. Discussions emphasised Quang Ninh province's [...] The post Vinacomin targets sustainable coal and mineral industry appeared first on Vietnam Business News.

Vietnam should carry bad debt auctions: IFC Posted: 16 Aug 2013 08:46 PM PDT Viet Nam Asset Management Company (VAMC) should build up market mechanisms to transparently bid bad debts as this is one of the keys to help Vietnam quickly mop up its bad debts, Mrs Karin-Vice chairman of International Finance Corporation (IFC) said Bad debts will not be handled if they are only transferred from one institution [...] The post Vietnam should carry bad debt auctions: IFC appeared first on Vietnam Business News.

Local firm wants to take over Nam Can port Posted: 16 Aug 2013 08:44 PM PDT A local company whose name is not yet revealed has expressed its desire to take over Nam Can Port, which has been inactive for years as its operator is struggling with financial distress, said a senior source from the government of Ca Mau. Located on the left bank of the Cai Lon River in Ca [...] The post Local firm wants to take over Nam Can port appeared first on Vietnam Business News.

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