The Business Times: PVN on course to hit annual targets

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• PVN on course to hit annual targets
• Steel sector struggles to escape rut
• VN pledges to adopt global mining standard
• Tea industry needs to plan for the future
• “Farmer – exporter war” inhibits shrimp export
• EVN has to pay vnd2.65tln debts for PetroVietnam in 2013
• Aquatic export turnover hits 4.6bln USD
• Oct 9: Vietnam gold hovers at vnd37.5mln/tael, dollar stable
• Banks asked to report credit relations with SMEs
• BIDV receives transfer of LVB’s branches

PVN on course to hit annual targets Posted: 09 Oct 2013 12:04 AM PDT HA NOI (VNS) — PetroVietnam yesterday reported after-tax profits of VND38.2 trillion (US$1.819 billion) in the first nine months of the year, accounting for 87 per cent of the group’s annual target. It held a press conference to report its business results so far this year and its plan for the last quarter. According to [...] The post PVN on course to hit annual targets appeared first on Vietnam Business News.

Steel sector struggles to escape rut Posted: 09 Oct 2013 12:01 AM PDT HA NOI (VNS) — The domestic steel industry is continuing to suffer while the real estate market remains frozen, according to the Market Watch Team. September steel consumption was low due to prolonged storms and the rainy season, reported the Ministry of Industry and Trade’s Industry and Trade Information Centre (VITIC). September’s construction steel output [...] The post Steel sector struggles to escape rut appeared first on Vietnam Business News.

VN pledges to adopt global mining standard Posted: 08 Oct 2013 11:58 PM PDT HA NOI (VNS) — Viet Nam is determined to participate in the Extractive Industries Transparency Initiative (EITI) in 2015 as a way to improve the efficiency of mineral resource governance and ensure a harmonised benefit to people, enterprises and the State. The information was released yesterday in a conference on extractive industry governance jointly held [...] The post VN pledges to adopt global mining standard appeared first on Vietnam Business News.

Tea industry needs to plan for the future Posted: 08 Oct 2013 08:19 PM PDT HA NOI (VNS)— The tea industry must become more sustainable through building concentrated tea areas and improving productivity, quality and safety, experts said at the fifth Viet Nam Tea Outlook 2013 held yesterday in Ha Noi. Nguyen Thi Anh Hong, general secretary of the Viet Nam Tea Association, noted that the country had exported 86,000 [...] The post Tea industry needs to plan for the future appeared first on Vietnam Business News.

“Farmer – exporter war” inhibits shrimp export Posted: 08 Oct 2013 08:15 PM PDT Shrimp exporters have been gearing up to fulfill the export contracts. Meanwhile, farmers refuse to sell shrimp at this moment, because they hope the prices would go up in the future. Big difficulties, one after another, have come to seafood processing companies. Chinese businessmen jumped into the domestic material market, scrambling for materials, thus rushing [...] The post "Farmer – exporter war" inhibits shrimp export appeared first on Vietnam Business News.

EVN has to pay vnd2.65tln debts for PetroVietnam in 2013 Posted: 08 Oct 2013 08:07 PM PDT Vietnam Electricity (EVN) has to pay VND2.65 trillion ($125 million) worth of debts to Vietnam Gas and Oil Group (PetroVietnam-PVN), local newswire Trithuctre reported. In details, EVN has incurred total of VND9.65 trillion ($4.55 billion) worth of debts to members of PVN such as PV Gas, PV Power. Of the sum, VND2.65 trillion is requested [...] The post EVN has to pay vnd2.65tln debts for PetroVietnam in 2013 appeared first on Vietnam Business News.

Aquatic export turnover hits 4.6bln USD Posted: 08 Oct 2013 08:02 PM PDT Vietnam's total export turnover of aquatic products was estimated at over 4.6 billion USD in the first nine months of this year, representing a year-on-year increase of 3 percent. According to the General Department of Fisheries (GDF) under the Ministry of Agriculture and Rural Development (MARD), total aquatic product output was estimated at 4.5 million [...] The post Aquatic export turnover hits 4.6bln USD appeared first on Vietnam Business News.

Oct 9: Vietnam gold hovers at vnd37.5mln/tael, dollar stable Posted: 08 Oct 2013 07:59 PM PDT This morning Vietnam continued hovering around VND37.5 million a tael while world gold eased on a stronger U.S dollar. Hochiminh was traded at VND37.43 million/tael for bid and VND37.53 million/tael for ask respectively as of 09:43 am, Hanoi time. SJC in the North quoted at VND37.45 million/tael for bid and VND37.55 million/tael for ask. Techcombank [...] The post Oct 9: Vietnam gold hovers at vnd37.5mln/tael, dollar stable appeared first on Vietnam Business News.

Banks asked to report credit relations with SMEs Posted: 08 Oct 2013 07:49 PM PDT Governor of the State Bank of Vietnam (SBV) has recently asked credit institutions to report their credit relations with small and medium enterprises (SMEs). In particular, commercial banks shall report on data on lending activities to SMEs; overview evaluation on lending activities to SMEs during the period from 2011 to Sept 30, 2013 to the [...] The post Banks asked to report credit relations with SMEs appeared first on Vietnam Business News.

BIDV receives transfer of LVB’s branches Posted: 08 Oct 2013 07:45 PM PDT Two branches of Laos-Vietnam Bank in Hanoi and Ho Chi Minh City will be transferred to BIDV under the names of Chuong Duong and Ben Nghe Branches. Accordingly, Chuong Duong and Ben Nghe branches will receive all assets, liabilities, legal rights and obligations of LVB's branches in Hanoi, Ho Chi Minh City in accordance with [...] The post BIDV receives transfer of LVB's branches appeared first on Vietnam Business News.

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