The Business Times: Vietnam earns $3.4bln from seafood’s export in jan-july

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• Vietnam earns $3.4bln from seafood’s export in jan-july
• Auto manufacturers head north with luxurious models
• Farmers give up farming, pay back land
• VNPT appoints new general director
• PVEP strikes first oil at Malaysia well
• Gold exporters need SJC’s assessment certificate to export 999,9 fine gold
• Vietnam c.bank unlikely to cut rates further
• Eximbank CEO denies resigning from his post
• VND1.223tln net withdrawn via OMO on aug 6
• Vietnam raises vnd3tln from g-bond sales in july

Vietnam earns $3.4bln from seafood’s export in jan-july Posted: 06 Aug 2013 11:05 PM PDT Vietnam is estimated to have reaped total of $3.41 billion worth of sea-food exports in the first 7 months of this year, increasing 0.7% from the same period last year, including $592 million of export value in July. The U.S continued topping the list of Vietnam's sea-food importers in the period with $609 million, up [...] The post Vietnam earns $3.4bln from seafood's export in jan-july appeared first on Vietnam Business News.

Auto manufacturers head north with luxurious models Posted: 06 Aug 2013 11:02 PM PDT  The northern and southern automobile markets in Vietnam have quite different characteristics because of the differences in the viewpoints, lifestyle and taste. Luxurious cars have been reportedly better sold in the north so far this year. Mercedes Benz Vietnam is about to attend the biggest event for automobile manufacturers of the year – Vietnam Motor [...] The post Auto manufacturers head north with luxurious models appeared first on Vietnam Business News.

Farmers give up farming, pay back land Posted: 06 Aug 2013 11:01 PM PDT  More and more farmers in the provinces of Hai Duong, Thanh Hoa, Ninh Binh, Nam Dinh and Nghe An have given up farming and given back the land allocated to them.   The Ministry of Agriculture and Rural Development has sent dispatches to local authorities, requesting to report about the land return in the provinces. [...] The post Farmers give up farming, pay back land appeared first on Vietnam Business News.

VNPT appoints new general director Posted: 06 Aug 2013 10:57 PM PDT HA NOI (VNS)— Tran Manh Hung was yesterday announced as the General Director of Vietnam Post and Telecommunications Group (VNPT), replacing Vu Tuan Hung. The decision was announced in Ha Noi by the Minister of Information and Communications, Nguyen Bac Son. Hung’s appointment is a promotion from his previous post as Deputy General Director. Hung, [...] The post VNPT appoints new general director appeared first on Vietnam Business News.

PVEP strikes first oil at Malaysia well Posted: 06 Aug 2013 10:57 PM PDT HA NOI (VNS) — PetroVietnam Exploration and Production Corporation (PVEP) has welcomed the first oil stream from West Desaru 1 oil well it is exploring under a joint project in Malaysia, according to the Viet Nam National Oil and Gas Group (PetroVietnam). The output from the well of West Desaru oil field, which belongs to [...] The post PVEP strikes first oil at Malaysia well appeared first on Vietnam Business News.

Gold exporters need SJC’s assessment certificate to export 999,9 fine gold Posted: 06 Aug 2013 10:42 PM PDT The General Department of Vietnam Customs has recently requested exporters of material gold with 999,9 alloy to acquire assessment certificate from the Saigon Jewelry Company Limited (SJC) to clear export procedures. Exporters of material and jewelry gold with gold content of less than 999,9 must seek conclusions from organizations functional in gold assessment or ask [...] The post Gold exporters need SJC's assessment certificate to export 999,9 fine gold appeared first on Vietnam Business News.

Vietnam c.bank unlikely to cut rates further Posted: 06 Aug 2013 10:40 PM PDT With prices showing signs of picking up and 2013 full-year inflation forecast to approach 8%, the State Bank of Vietnam (SBV) does not have much “room” left for lowering rates to boost economic growth, the local newswire NDHMoney.vn reported. Over the past year, the central bank has drastically cut policy rates, thereby dragging down both [...] The post Vietnam c.bank unlikely to cut rates further appeared first on Vietnam Business News.

Eximbank CEO denies resigning from his post Posted: 06 Aug 2013 10:38 PM PDT General director of Vietnam Export Import Commercial JS Bank (EIB) Truong Van Phuoc denied rumor that he wrote a resignation letter to leave his post at the bank to take an important position in Hanoi, the local newswire NHDMoney.vn reported. Regarding the personnel transfer, Phuoc said the central government has plans [for personnel transfer]; but [...] The post Eximbank CEO denies resigning from his post appeared first on Vietnam Business News.

VND1.223tln net withdrawn via OMO on aug 6 Posted: 06 Aug 2013 10:38 PM PDT The State Bank of Vietnam (SBV) net withdrew VND1,223 billion through open market operation (OMO) on Aug 6, according to data compiled by SSI Research. Yesterday, the SBV sold VND1,000 billion 91-day Treasury bills at 4.5% and VND783 billion 154-day debts at 5.2%. On the same day, there were VND3 trillion T-notes falling due. From [...] The post VND1.223tln net withdrawn via OMO on aug 6 appeared first on Vietnam Business News.

Vietnam raises vnd3tln from g-bond sales in july Posted: 06 Aug 2013 10:38 PM PDT The Hanoi Stock Exchange (HNX) said it organized nine auctions for government bonds in July, raising VND2.985 trillion during the month. Of the total, the State Treasury of Vietnam mobilized VND1.925 trillion from sales of government bonds in the seventh month of 2013; the VDB raised VND560 billion and the Vietnam Bank for Social Policies [...] The post Vietnam raises vnd3tln from g-bond sales in july appeared first on Vietnam Business News.

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