The Business Times: City’’s hospital medicine prices to be slashed

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• City’’s hospital medicine prices to be slashed
• Vietnam invites indian rubber manufacturers to set up units in the country
• Vietnam government intervention sought to support rice prices
• Manulife reports 22% revenue growth in Q2
• Vietnam banks self tackle vnd85tln by end july, C.bank says
• VASEP opposes US tra fish anti-dumping decision
• HSBC warns of high inflation in sept
• VN woos Japanese investment
• Vietnam labor union calls for minimum-wage hike in 2014
• Sep 6: Vietnam gold eases to vnd38.35mln/tael, dollar stable

City’’s hospital medicine prices to be slashed Posted: 06 Sep 2013 12:03 AM PDT The HCMC Health Department next week will announce a selection of medicine suppliers for local hospitals via biddings, with prices estimated to be subject to discounts of up to 20-30%, according to Nguyen Tan Binh, director of the department. The city has 31 hospitals belonging to the health department and 23 others managed by districts [...] The post City'’s hospital medicine prices to be slashed appeared first on Vietnam Business News.

Vietnam invites indian rubber manufacturers to set up units in the country Posted: 06 Sep 2013 12:00 AM PDT Vietnam has invited Indian rubber industry to invest in the South Asian nation and benefit from the vibrant natural rubber sector in Vietnam. Currently Vietnam consumes only 15% of the more than 9 lakh tonnes of rubber produced in the country. A delegation of Vietnam Rubber Association (VRA) led by chairman Mr. Tran Ngoc Thuan [...] The post Vietnam invites indian rubber manufacturers to set up units in the country appeared first on Vietnam Business News.

Vietnam government intervention sought to support rice prices Posted: 05 Sep 2013 11:58 PM PDT The Vietnam Food Association is seeking government approval to enlarge its rice stockpile by another 300,000 tons to keep prices stable after Thailand cut export prices of the grain. In a recent note to Prime Minister Nguyen Tan Dung, the VFA has proposed that its rice businesses be permitted to buy from September 15 to [...] The post Vietnam government intervention sought to support rice prices appeared first on Vietnam Business News.

Manulife reports 22% revenue growth in Q2 Posted: 05 Sep 2013 11:57 PM PDT The firm obtained total premiums and deposits of VND664 billion in the second quarter of the year, an increase of 22% over the same period of 2012. The annualized premium equivalent (APE) was over VND214 billion, a 19% year-on-year rise. Source StoxPlus. The post Manulife reports 22% revenue growth in Q2 appeared first on Vietnam Business News.

Vietnam banks self tackle vnd85tln by end july, C.bank says Posted: 05 Sep 2013 11:55 PM PDT As much as VND85 trillion non-performing loans have been tackled by local commercial banks themselves in 2012 and the first seven months of 2013, deputy governor of the central bank Dang Thanh Binh has said. Bind said NPL ratio rose to 4.68% by end July after falling for the second straight month to 4.46% in [...] The post Vietnam banks self tackle vnd85tln by end july, C.bank says appeared first on Vietnam Business News.

VASEP opposes US tra fish anti-dumping decision Posted: 05 Sep 2013 08:36 PM PDT The Vietnam Association of Seafood Exporters and Producers (VASEP) has voiced its objection to the anti-dumping tax rates on imported Vietnamese tra fish imposed by the preliminary decision of the US Department of Commerce (DOC) after the ninth administrative review (POR9). In its September 5 press release, the association asked the DOC to keep Bangladesh [...] The post VASEP opposes US tra fish anti-dumping decision appeared first on Vietnam Business News.

HSBC warns of high inflation in sept Posted: 05 Sep 2013 08:33 PM PDT Vietnam is facing risk of high inflation this month, according to the Vietnam macro economic report which HSBC Global Research released on Tuesday. The bank said Vietnam has a history of drastically higher inflation in August. The two highest peaks of inflation in the past decade came in August, at 28.3% in 2008 and 23% [...] The post HSBC warns of high inflation in sept appeared first on Vietnam Business News.

VN woos Japanese investment Posted: 05 Sep 2013 08:31 PM PDT HA NOI (VNS)— Improving the investment climate was vital if Viet Nam wanted to attract more investments from Japan, experts said at the Viet Nam–Japan Economic Summit 2013 yesterday. The three-day event held by the Viet Nam Chamber of Commerce and Industry, Japan External Trade Organisation (Jetro) and Nikkei Business Publications, aimed to work out [...] The post VN woos Japanese investment appeared first on Vietnam Business News.

Vietnam labor union calls for minimum-wage hike in 2014 Posted: 05 Sep 2013 08:28 PM PDT The Vietnam General Federation of Labor wants the minimum wage hiked by a third next year to cover 75-84 percent of workers’ basic living needs. The minimum wage is now VND1.65-2.35 million (US$78-111.13) a month, depending on the location. But the average cost of living is estimated to be VND1.928 million for individuals and VND3.278 [...] The post Vietnam labor union calls for minimum-wage hike in 2014 appeared first on Vietnam Business News.

Sep 6: Vietnam gold eases to vnd38.35mln/tael, dollar stable Posted: 05 Sep 2013 08:27 PM PDT This morning Vietnam gold eased to VND38.35 million/tael. World gold rebounded some gains in Asia this morning after tumbling yesterday night in New York. Hochiminh was traded at VND38.15 million/tael for bid and VND38.35million/tael for ask respectively as of 09:50 am, Hanoi time. SJC in the North quoted at VND38.15 million/tael for bid and VND38.35 [...] The post Sep 6: Vietnam gold eases to vnd38.35mln/tael, dollar stable appeared first on Vietnam Business News.

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