The Business Times: Illusion of failure shrouds good deals

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• Illusion of failure shrouds good deals
• Vietnam gas prices increase by vnd8,000/ 12kg canister since august 1st
• Plastic exports continue to rise
• Da Nang launches tourism push
• Casinos to be fined up to $10,000 if serving Vietnamese players
• Aug 1, 2013: Vietnam gold falls to vnd37.75mln/tael, dollar stable
• Vietnam central bank strengthens supervision on banks’ consumer lending activity
• Aug1: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate down for 3 straight days
• SBV confirms registration of bankcards of Dong A bank and Sacombank
• HCMC branch of Commonwealth bank of Australia allowed to provide additional service

Illusion of failure shrouds good deals Posted: 01 Aug 2013 12:17 AM PDT Real estate has become one of the hottest merger and acquisition (M&A) sectors in recent years, however many of the facts about the deals are rarely made public until well after they are concluded. M&A activities in real estate sector have always been common, but the sector has a reputation for details to remain sketchy, [...] The post Illusion of failure shrouds good deals appeared first on Vietnam Business News.

Vietnam gas prices increase by vnd8,000/ 12kg canister since august 1st Posted: 01 Aug 2013 12:14 AM PDT Gas prices in Vietnam Increased by VND667/kg or by VND8,000 per 12-kg cylinder from today [Aug 1st], the local news provider Gafin.vn reported, citing information from gas wholesalers. With this increase, current retail gas price is about VND386,000/12 kg canister, Do Trung Thanh – Head of Business Department of Saigon Petro said, explaining that this [...] The post Vietnam gas prices increase by vnd8,000/ 12kg canister since august 1st appeared first on Vietnam Business News.

Plastic exports continue to rise Posted: 01 Aug 2013 12:14 AM PDT HCM CITY (VNS)— Exports of plastic products are expected to increase by 11-13.5 per cent, reaching US$2.2 billion in turnover this year, according to the Viet Nam Plastic Association (VPA). The country earned more than $1 billion from plastic exports in the first half of the year, up 9.3 per cent from the same period [...] The post Plastic exports continue to rise appeared first on Vietnam Business News.

Da Nang launches tourism push Posted: 01 Aug 2013 12:09 AM PDT DA NANG (VNS)— More than 80 travel agencies, hotels and transport companies have come together in an effort to boost tourism to the central city of Da Nang. The promotion programme was launched yesterday with the aim to attract 3 million domestic visitors this year to the region, especially during the low season, between September [...] The post Da Nang launches tourism push appeared first on Vietnam Business News.

Casinos to be fined up to $10,000 if serving Vietnamese players Posted: 01 Aug 2013 12:08 AM PDT Casinos in Vietnam must have a registration book to track their visitors. In the case they let Vietnamese players gamble, they will be fined from VND180 to VND200 million ($9,000-10,000). The Government has issued Decree 86 on bonus games for foreigners, which will take effect from October 1, 2013. The new decree still bans Vietnamese [...] The post Casinos to be fined up to $10,000 if serving Vietnamese players appeared first on Vietnam Business News.

Aug 1, 2013: Vietnam gold falls to vnd37.75mln/tael, dollar stable Posted: 01 Aug 2013 12:07 AM PDT This morning, Vietnam gold was traded down by VND470,000/tael for bid and down by VND370,000/tael for ask versus yesterday, following the world suit. Hochiminh was traded at VND37. 35 million/tael for bid and VND37.75million/tael for ask respectively as of 11:15 am, Hanoi time. SJC in the North quoted at VND37. 85 million/tael for bid and [...] The post Aug 1, 2013: Vietnam gold falls to vnd37.75mln/tael, dollar stable appeared first on Vietnam Business News.

Vietnam central bank strengthens supervision on banks’ consumer lending activity Posted: 01 Aug 2013 12:00 AM PDT The State Bank of Vietnam (SBV) has recently asked its branches nationwide to strengthen inspection and monitoring activities at the branches, transaction offices and service introduction points of credit institutions that offer consumer loans. The move is expected to ensure consumer-lending operation in compliance with applicable regulations and to protect the rights of borrowers. In [...] The post Vietnam central bank strengthens supervision on banks' consumer lending activity appeared first on Vietnam Business News.

Aug1: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate down for 3 straight days Posted: 31 Jul 2013 11:59 PM PDT Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND20,036 on Thursday, 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, commercial banks continued adjusting down dollar prices  for [...] The post Aug1: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate down for 3 straight days appeared first on Vietnam Business News.

SBV confirms registration of bankcards of Dong A bank and Sacombank Posted: 31 Jul 2013 11:58 PM PDT The State Bank of Vietnam (SBV) issued Documents No. 5450 and 5451/NHNN-TT on July 30 to confirm the registration of bank cards for the DongA Joint-Stock Commercial Bank (DongA Bank) and the Sai Gon Thuong Tin Joint–Stock Commercial Bank (Sacombank). Accordingly, the SBV confirmed that the Dong A Bank registered to issue one additional type [...] The post SBV confirms registration of bankcards of Dong A bank and Sacombank appeared first on Vietnam Business News.

HCMC branch of Commonwealth bank of Australia allowed to provide additional service Posted: 31 Jul 2013 11:58 PM PDT The Governor of the State Bank of Vietnam issued Decision No. 1621/QĐ-NHNN on July 29 to extend operational coverage of the license of the Ho Chi Minh City (HCMC) Branch of the Commonwealth Bank of Australia. Accordingly, the SBV Governor has approved the additional item of "debt trading" to Article 5 of License No. 03/GP-NHNN [...] The post HCMC branch of Commonwealth bank of Australia allowed to provide additional service appeared first on Vietnam Business News.

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