The Business Times: Forex rates to remain stable

---

• Forex rates to remain stable
• SBV approves Vietinbank charter plan
• Ministry seeks more effective property sector supervision
• Japan named top Viet Nam investor
• Beverage sector toasts growth
• Vinacomin to issue vnd5tln worth of bonds
• Can Tho sets record in FDI attraction
• VN needs to think of lobbyism after failures in anti-dumping lawsuits
• Rice exporters worried about the new rules
• Aug 19: Vietnam gold rises to vnd38.35mln/tael, dollar stable

Forex rates to remain stable Posted: 19 Aug 2013 12:22 AM PDT Vietnam's dong-dollar exchange rate is to remain largely unchanged over the rest of the year as the country now boasts fruitful currency sources, say analysts. The upward pressure on the exchange rate would continue until the year-end, but growth would not exceed 1 per cent, say analysts Vietnam's foreign currency reserves were reported to have [...] The post Forex rates to remain stable appeared first on Vietnam Business News.

SBV approves Vietinbank charter plan Posted: 19 Aug 2013 12:22 AM PDT HA NOI (VNS)— VietinBank has received approval from the State Bank of Viet Nam (SBV) to raise its charter capital from VND32.661 trillion (US$1.55 billion) to VND37.234 trillion ($1.76 billion), the central bank said in a post on its website. The Ha Noi-based bank, officially known as Viet Nam Joint Stock Commercial Bank for Industry [...] The post SBV approves Vietinbank charter plan appeared first on Vietnam Business News.

Ministry seeks more effective property sector supervision Posted: 18 Aug 2013 11:27 PM PDT HCM CITY (VNS)— A new circular from the Ministry of Construction requires property developers to regularly report on the progress of projects to enable authorities to improve oversight of the industry. Circular 11, to take effect in October, requires reporting on three main aspects: basic general information about the project, with changes incorporated when made; [...] The post Ministry seeks more effective property sector supervision appeared first on Vietnam Business News.

Japan named top Viet Nam investor Posted: 18 Aug 2013 11:25 PM PDT HCM CITY (VNS)— Japan remains the biggest investor in Viet Nam with its share of investment rising sharply in recent years, according to the Ministry of Planning and Investment. “In 2012 Japanese investment represented 50 per cent of the total investment the country attracted,” Nguyen Ba Cuong, deputy head of the Foreign Investment Agency, told [...] The post Japan named top Viet Nam investor appeared first on Vietnam Business News.

Beverage sector toasts growth Posted: 18 Aug 2013 11:23 PM PDT HA NOI (VNS)— The beverage industry continued to grow over the first seven months of this year despite the difficult economic times that have resulted in many other kinds of companies struggling or going bust. According to the Chairman of the Viet Nam Beer, Alcohol and Beverage Association, Nguyen Van Viet, the beverage industry has [...] The post Beverage sector toasts growth appeared first on Vietnam Business News.

Vinacomin to issue vnd5tln worth of bonds Posted: 18 Aug 2013 11:23 PM PDT Vietnam National Coal-Mineral Industries Holding Corporation Limited (Vinacomin) is proceeding procedures for issuing VND5 trillion worth of bonds in the domestic market within this year. Earlier, Board of Directors of Vinacomin planned to issue VND3 trillion worth of bond but after consideration, Board of Directors decided to raise capital mobilization to VND5 trillion, Tran Xuan [...] The post Vinacomin to issue vnd5tln worth of bonds appeared first on Vietnam Business News.

Can Tho sets record in FDI attraction Posted: 18 Aug 2013 11:19 PM PDT Two foreign businesses have been licensed to increase investment capital by nearly US$3.3 million in Can Tho, bringing the total registered capital from 57 FDI projects in the Mekong Delta province to a record high of US$879 million. The figures were released by Le Duong Cam Thuy, Deputy Director of the Can Tho provincial Planning [...] The post Can Tho sets record in FDI attraction appeared first on Vietnam Business News.

VN needs to think of lobbyism after failures in anti-dumping lawsuits Posted: 18 Aug 2013 11:16 PM PDT When will Vietnam have a lobbying organization in the US which can help protect Vietnamese goods from unreasonable taxations? Vietnamese shrimp have been bearing two kinds of tax when entering the US market, while Thai and Indonesian don't have to. Analysts have warned that in such circumstances, the US may impose unreasonable taxes on Vietnamese [...] The post VN needs to think of lobbyism after failures in anti-dumping lawsuits appeared first on Vietnam Business News.

Rice exporters worried about the new rules Posted: 18 Aug 2013 11:14 PM PDT  Rice export companies have got worried stiff when hearing that they would have to develop their material growing areas in order to be eligible for exporting rice. The Decree No. 109 on the conditions for businessmen to export rice sets up the strict requirements on the minimum rice husking output, capital and storehouse. When it [...] The post Rice exporters worried about the new rules appeared first on Vietnam Business News.

Aug 19: Vietnam gold rises to vnd38.35mln/tael, dollar stable Posted: 18 Aug 2013 11:05 PM PDT This morning, Vietnam gold increased by VND100,000/tael, comparing to last weekend close, following the world suite. Hochiminh was traded at VND38.10 million/tael for bid and VND38.35 million/tael for ask respectively as of 10:11 am, Hanoi time. SJC in the North quoted at VND38.10 million/tael for bid and VND38.35 million/tael for ask. Techcombank gold prices were [...] The post Aug 19: Vietnam gold rises to vnd38.35mln/tael, dollar stable appeared first on Vietnam Business News.

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610