The Business Times: Over one million tonnes of rice for export next year

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• Over one million tonnes of rice for export next year
• Market watch intensifies fight against violations
• Vietnam Press-Hanoi exchange to launch bond index – Vietnam Economic Times
• Banking sector saw total assets rise in August
• Vingroup seeks to lure property buyers
• Preferential tax not applicable to Viettel: MoF
• Vinashinlines has sold nearly all vessels
• Banks see appeal of corporate bonds
• Banks in a rush to clear bad loans
• High investment costs make banks reluctant to use chip cards

Over one million tonnes of rice for export next year Posted: 08 Oct 2013 01:07 AM PDT The Ministry of Industry and Trade has assured that there will be sufficient rice for export from now to the end of the year, with more than 1 million tonnes expected to be ready for export next year. The ministry said the country expects to harvest about 3.7 million tonnes of rice during the remaining [...] The post Over one million tonnes of rice for export next year appeared first on Vietnam Business News.

Market watch intensifies fight against violations Posted: 08 Oct 2013 01:05 AM PDT Market watch authorities of Hanoi have made 120,000 inspections and dealt with 62,000 cases that violate market regulations So far this year, the market watch authorities have made 120,000 inspections and dealt with 62,000 cases that violate market regulations, imposing fines totalling 240 billion VND (11.5 million USD). The Market Management Department under the Ministry [...] The post Market watch intensifies fight against violations appeared first on Vietnam Business News.

Vietnam Press-Hanoi exchange to launch bond index – Vietnam Economic Times Posted: 08 Oct 2013 01:03 AM PDT The Hanoi Stock Exchange is scheduled to launch the Bond Index on Oct. 11 to help investors gauge the country’s bond markets, the Vietnam Economic Times newspaper reports. The index will be the first indicator of Vietnam”s debt market, the report said. Source StoxPlus. The post Vietnam Press-Hanoi exchange to launch bond index – Vietnam Economic Times appeared first on Vietnam Business News.

Banking sector saw total assets rise in August Posted: 08 Oct 2013 12:59 AM PDT Total assets for the entire banking industry by the end of August reached VND5,248.57 trillion (US$238.57 billion), up by VND35.2 trillion ($1.6 billion) against last month. Compared with December last year, assets rose 3.89 per cent, according to the State Bank of Viet Nam (SBV)”s data. The rise in total assets for the banking industry [...] The post Banking sector saw total assets rise in August appeared first on Vietnam Business News.

Vingroup seeks to lure property buyers Posted: 08 Oct 2013 12:52 AM PDT HA NOI (VNS)   — Vingroup has announced further stimulus packages to attract customers to the group’s real estate properties. Residents Times City and Vincom Village of Royal City, can use the areas’ indoor and outdoor swimming pools, tennis courts and other sport facilities free of charge, announced Vingroup’s press release yesterday. The company is [...] The post Vingroup seeks to lure property buyers appeared first on Vietnam Business News.

Preferential tax not applicable to Viettel: MoF Posted: 08 Oct 2013 12:49 AM PDT The Ministry of Finance (MoF) has said that Vietnamese telecom group Viettel is not entitled to receive the same tax preferentials as Samsung Electronics Viet Nam (SEV) of South Korea. Based on Article No.12, Government Decree No.87 detailing import duty, MoF said mobile phone production and assembly are not on the list of products receiving [...] The post Preferential tax not applicable to Viettel: MoF appeared first on Vietnam Business News.

Vinashinlines has sold nearly all vessels Posted: 08 Oct 2013 12:46 AM PDT At a press conference of the Ministry of Transport last week, Deputy Minister Nguyen Hong Truong said 90 percent of the ships that had anchored at overseas ports for a long time of the Vinasin Ocean Shipping Company or Vinashinlines were sold. The ships that were sold already include New Phoenix, Sea Eagle, Lotus, Cai [...] The post Vinashinlines has sold nearly all vessels appeared first on Vietnam Business News.

Banks see appeal of corporate bonds Posted: 08 Oct 2013 12:45 AM PDT With large amounts of money lying idle due to the credit squeeze, banks are increasingly investing in corporate bonds. As the economy declines, Government bonds and deposits are becoming less attractive, while demand for corporate bonds rises. In August, coal and mineral group Vinacomin issued VND5 trillion (US$235.8 million) in bonds, 1.7 times more than [...] The post Banks see appeal of corporate bonds appeared first on Vietnam Business News.

Banks in a rush to clear bad loans Posted: 08 Oct 2013 12:44 AM PDT Around 10 credit institutions are queuing up to sell their non-performing loans to the Viet Nam Asset Management Company (VAMC), in an attempt to shore up their balance sheets VAMC”s Vice Chairman, Nguyen Quoc Hung, told local press that banks below the required 3 per cent level were also keen to rid themselves of bad [...] The post Banks in a rush to clear bad loans appeared first on Vietnam Business News.

High investment costs make banks reluctant to use chip cards Posted: 08 Oct 2013 12:44 AM PDT Ignoring the advice by international card organizations about the low security of magnetic cards, most Vietnamese banks still have not shifted to use chip cards with the higher security. Banks don't want to spend money on chip cards A report by the State Bank of Vietnam showed that by the end of the second quarter [...] The post High investment costs make banks reluctant to use chip cards appeared first on Vietnam Business News.

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