The Business Times: Market Vector ETF removes SJS, PVF adds SHB, DRC in sept review

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• Market Vector ETF removes SJS, PVF adds SHB, DRC in sept review
• SBV allows importing material gold to make jewelries
• Customs agencies remain distrustful, banks’ guarantee becomes useless
• New bankruptcy law to help defaulted businesses die more easily
• Tra fish shortage grinds production to a halt
• Vietnam-Netherlands trade rises sharply
• Vietnam receives only 72% of ODA commitments: MoPI- update
• Sep 17: Vietnam gold falls to vnd37.5mln/tale dollar stable
• Shares slide as markets readjust
• Vietnam c.bank warns risks from lending to individuals

Market Vector ETF removes SJS, PVF adds SHB, DRC in sept review Posted: 17 Sep 2013 01:03 AM PDT Market Vector Vietnam ETF announced to remove SJS and PVF and add DRC, SHB in September Review, effective from Sept 23. SJS will be removed as its capitalization fell to VND950 billion, lower than requested level that VNM sets of USD75 million or VND1.575 trillion. PVF will be removed as the stock will be delisted [...] The post Market Vector ETF removes SJS, PVF adds SHB, DRC in sept review appeared first on Vietnam Business News.

SBV allows importing material gold to make jewelries Posted: 17 Sep 2013 12:36 AM PDT The State Bank of Vietnam has decided to allow enterprises to import gold to make jewelries domestically, a long awaiting decision to help ease the thirst for materials. The local branches of the State Bank will grant import licenses to enterprises after considering their demands. The decision has been described as determining the survival of [...] The post SBV allows importing material gold to make jewelries appeared first on Vietnam Business News.

Customs agencies remain distrustful, banks’ guarantee becomes useless Posted: 17 Sep 2013 12:30 AM PDT Customs agencies refuse commercial banks' guarantees for enterprises' tax payment, requesting enterprises to pay tax before getting customs clearance. Analysts have noted that a lot of troubles have arisen when the Tax Management Law took effects on July 1, 2013. A representative of the Anh Quan International Trade Company in Tay Ho district in Hanoi, [...] The post Customs agencies remain distrustful, banks' guarantee becomes useless appeared first on Vietnam Business News.

New bankruptcy law to help defaulted businesses die more easily Posted: 17 Sep 2013 12:28 AM PDT A new bankruptcy law is being compiled which is hoped to help declare death for tens of businesses which do not exist in reality, but still exist on papers. However, some provisions of the laws prove to be more complicated. The biggest problem of the currently applied bankruptcy law is the complicated procedures businesses have [...] The post New bankruptcy law to help defaulted businesses die more easily appeared first on Vietnam Business News.

Tra fish shortage grinds production to a halt Posted: 17 Sep 2013 12:25 AM PDT HA NOI (VNS) — The shortage of tra fish is expected to last until the end of this year and beyond, forcing almost all tra fish export processing factories to temporarily halt production, according to an official from the Viet Nam Association of Seafood Exporters and Producers (VASEP). Duong Ngoc Minh, VASEP deputy chairman said [...] The post Tra fish shortage grinds production to a halt appeared first on Vietnam Business News.

Vietnam-Netherlands trade rises sharply Posted: 16 Sep 2013 09:44 PM PDT Two-way trade turnover between Vietnam and the Netherlands reached a staggering US$2.1 billion in the first seven months of this year, up 16% compared to the previous year. A recent business forum in the Hague was told that Vietnam's exports alone were US$1.65 billion, up 20.4%. Vietnamese exports to this European Union nation have risen [...] The post Vietnam-Netherlands trade rises sharply appeared first on Vietnam Business News.

Vietnam receives only 72% of ODA commitments: MoPI- update Posted: 16 Sep 2013 09:39 PM PDT International donors have committed to provide Vietnam total of $80 billion of Official Development Assistance (ODA) by end of this year. However, Vietnam has officially received only $58 billion or 72% of the commitments. Of the figures, the country has disbursed $37 billion of ODA inflows, the local newswire Danviet.vn reported, citing Hoang Viet Khang- [...] The post Vietnam receives only 72% of ODA commitments: MoPI- update appeared first on Vietnam Business News.

Sep 17: Vietnam gold falls to vnd37.5mln/tale dollar stable Posted: 16 Sep 2013 09:31 PM PDT This morning Vietnam gold was traded down to VND37.47 million a tael, losing VND300,000/tael versus yesterday morning, following the world suit. Hochiminh was traded at VND37.17 million/tael for bid and VND37.47 million/tael for ask respectively as of 11:10 am, Hanoi time. SJC in the North quoted at VND37.20 million/tael for bid and VND37.47 million/tael for [...] The post Sep 17: Vietnam gold falls to vnd37.5mln/tale dollar stable appeared first on Vietnam Business News.

Shares slide as markets readjust Posted: 16 Sep 2013 09:12 PM PDT HA NOI (VNS) — Shares tumbled yesterday amid restructuring from the two exchange-traded funds in the domestic market. FTSE Vietnam Index and Market Vectors Vietnam ETFs began their first day of portfolio restructuring yesterday, with all eyes on Sai Gon-Ha Noi Bank (SHB), PetroVietnam Finance (PVF), Da Nang Rubber (DRC), Song Da Construction (SJS), Pha [...] The post Shares slide as markets readjust appeared first on Vietnam Business News.

Vietnam c.bank warns risks from lending to individuals Posted: 16 Sep 2013 08:35 PM PDT Huynh Trung Minh, Director of the South Bank’s retail sector of Vietnam International Bank (VIB), said in recent months, loans for individual clients to buy real estate rose well. Previously, the number of pending loan applications from individual borrowers was 2-3 sets a day, now increasing to 20-30 sets per day. Some large depositors said [...] The post Vietnam c.bank warns risks from lending to individuals appeared first on Vietnam Business News.

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