The Business Times: Dong expected to stay stable against greenback

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• Dong expected to stay stable against greenback
• BIDV delays fixing time for international bond issuance
• Petroleum enterprises “pair off” with finance ministry
• Vietnamese uninterested in 49-year-ownership houses
• Homebuyers’ loans on the rise
• Agricultural insurance development stagnant
• Vietnam’s mobile phone sales put at 5.8 million units in Q2
• Vinamilk opens Milk Mega
• Vietnam property market struggles
• Agricultural trade fair set to boost business

Dong expected to stay stable against greenback Posted: 12 Sep 2013 12:39 AM PDT The dong has stabilised again against the US dollar after losing ground for more than two weeks. At 2:20 yesterday, Vietcombank bought the greenback at VND21,080 and sold it at VND21,150, respectively down from VND21,120 and VND21,200 in late last week. At BIDV, the dollar buying price was unchanged at VND21,110 but its selling rate [...] The post Dong expected to stay stable against greenback appeared first on Vietnam Business News.

BIDV delays fixing time for international bond issuance Posted: 12 Sep 2013 12:37 AM PDT The Bank for Investment and Development of Viet Nam (BIDV) has not set a specific time for issuing international bonds, said the bank’s spokesperson, Quach Hung Hiep. The statement follows approval given by the State Bank of Viet Nam (SBV) last Wednesday for BIDV to issue up to US$500 million worth of international bonds this [...] The post BIDV delays fixing time for international bond issuance appeared first on Vietnam Business News.

Petroleum enterprises “pair off” with finance ministry Posted: 12 Sep 2013 12:35 AM PDT Petroleum enterprises, which are in the state of "willing speech but unwilling heart", have decided to claim back hundreds of billions of dong worth of tax they paid before. Enterprises full of pent-up anger Petect has sent a dispatch to the Ministry of Finance (MOF), requesting the ministry to pay back the taxes it paid [...] The post Petroleum enterprises "pair off" with finance ministry appeared first on Vietnam Business News.

Vietnamese uninterested in 49-year-ownership houses Posted: 12 Sep 2013 12:32 AM PDT  Vietnamese, who always want their immovable properties to be their permanent assets, would not be interested in 49-year-ownership houses. The HCM City Real Estate Association has proposed to allow people to own properties for a certain period, believing that the new homeownership option would help ease the oversupply and warm up the real estate market. [...] The post Vietnamese uninterested in 49-year-ownership houses appeared first on Vietnam Business News.

Homebuyers’ loans on the rise Posted: 12 Sep 2013 12:30 AM PDT The number of borrowers applying for home loans has been rising in HCMC following recent lending rate reductions by many banks citywide. Local banks last year provided home loans at annual rates of up to 15-16% upon high deposit rates but they have now cut the lending rates to only about 12-13% annually. Besides, numerous [...] The post Homebuyers' loans on the rise appeared first on Vietnam Business News.

Agricultural insurance development stagnant Posted: 12 Sep 2013 12:28 AM PDT The Government's pilot agricultural insurance program in 20 cities and provinces will end in June, 2014, but the model may not become a helpful channel for farmers after the pilot period due to concerns over frauds. Speaking to the Daily on the sidelines of the seminar in HCMC on Monday on the development of the [...] The post Agricultural insurance development stagnant appeared first on Vietnam Business News.

Vietnam’s mobile phone sales put at 5.8 million units in Q2 Posted: 11 Sep 2013 08:53 PM PDT Vietnam consumed 5.8 million cellphones in the second quarter, most of them smartphones, according to market research firm IDC. IDC's quarterly report on Vietnam's phone market indicated that smartphones accounted for 32.7% of the total cellphone sales volume in the past quarter, up from the 14.7% recorded in the same quarter last year. IDC said [...] The post Vietnam's mobile phone sales put at 5.8 million units in Q2 appeared first on Vietnam Business News.

Vinamilk opens Milk Mega Posted: 11 Sep 2013 08:51 PM PDT On September 10, Vinamilk inaugurated its Milk Mega (milk super factory) at My Phuoc 2 Industrial Park, Binh Duong Province in the presence of Deputy Prime Minister Hoang Trung Hai and Government delegations. The factory is located on an area of more than 20 hectares with total investment capital of VND2.4 trillion. In the first [...] The post Vinamilk opens Milk Mega appeared first on Vietnam Business News.

Vietnam property market struggles Posted: 11 Sep 2013 08:12 PM PDT Vietnam's property market is sluggish, reflecting a rise in inventory because of slow sales of newly built apartments Hanoi, Ho Chi Minh City and other big cities. That is the conclusion of  former Deputy Minister Dang Hung Vo of National Resources and Environment, the office responsible for land management in the country. The sluggishness coincides [...] The post Vietnam property market struggles appeared first on Vietnam Business News.

Agricultural trade fair set to boost business Posted: 11 Sep 2013 08:09 PM PDT The Vietnam International Agriculture Trade Fair – AgroViet 2013on the theme "Towards safe agriculture and sustainable development" will take place in Hanoi from November 14-17. This well known and reputable event is held annually by the Ministry of Agriculture and Rural Development (MARD). Around 450 stands are expected to take part in this year's event [...] The post Agricultural trade fair set to boost business appeared first on Vietnam Business News.

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