The Business Times: Rising CPI forces shares down

---

• Rising CPI forces shares down
• Korean visitors shun local tours
• TPP will make Vietnam the world’s biggest garments center
• Vietnam seeks to boost trade, exports
• Oct 25: Vietnam central bank keeps dollar exchange at vnd21,036
• “Wall Streets” in Saigon
• HCMC: Total loans rise 5.21% in 9m/2013
• Cashew exports to top US$1.8 billion
• FDI surges by 65.5 per cent
• Banking giants to offload bad debt

Rising CPI forces shares down Posted: 24 Oct 2013 08:09 PM PDT HA NOI (VNS)— Yesterday’s share trading on both Vietnamese bourses continued to be hit by news of the nation’s consumer price index (CPI), which in October rose 0.49 per cent from the previous month. Bao Viet Securities Co analyst Tran Hai Yen predicted food, including restaurant services, would continue to play the biggest role in [...] The post Rising CPI forces shares down appeared first on Vietnam Business News.

Korean visitors shun local tours Posted: 24 Oct 2013 08:06 PM PDT HCM CITY (VNS)— Domestic tour operators have notfrom the influx of South Korean tourists, as most stick to Korean tour companies. South Korea has long been one of the largest markets for Viet Nam’s tourism sector. Over 700,000 Koreans traveled to Viet Nam last year, according to the Viet Nam National Administration of Tourism. That [...] The post Korean visitors shun local tours appeared first on Vietnam Business News.

TPP will make Vietnam the world’s biggest garments center Posted: 24 Oct 2013 07:55 PM PDT Analysts believe that once joining the Trans Pacific Strategic Economic Partnership (TPP) agreement, Vietnam would have the opportunity to become one of the three biggest textiles and garments centers in the world. With considerable progress made at the last TPP negotiation round, all the parties keep a hope that the negotiations would finish by the [...] The post TPP will make Vietnam the world's biggest garments center appeared first on Vietnam Business News.

Vietnam seeks to boost trade, exports Posted: 24 Oct 2013 07:53 PM PDT Nearly 100 economic experts, State trade managers, producers and exporters met at a seminar in the central province of Khanh Hoa on October 24 to discuss how to further Vietnam's trade and exports. They shared the view that to realise the goal, Vietnam should establish a national committee on trade facilitation while ramping up transport [...] The post Vietnam seeks to boost trade, exports appeared first on Vietnam Business News.

Oct 25: Vietnam central bank keeps dollar exchange at vnd21,036 Posted: 24 Oct 2013 07:52 PM PDT Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Friday, unchanged since June 28. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,246. Today, some commercial banks lowered, some raised dollar [...] The post Oct 25: Vietnam central bank keeps dollar exchange at vnd21,036 appeared first on Vietnam Business News.

“Wall Streets” in Saigon Posted: 24 Oct 2013 07:51 PM PDT Phan Thi Dung cannot remember all of the bank branches and transaction offices situated on the same street as her house as there are too many to count. The 3 Thang 2 avenue spanning from District 10 to District 11 is in fact packed with such credit facilities; as Dung says, "whenever you go out [...] The post “Wall Streets" in Saigon appeared first on Vietnam Business News.

HCMC: Total loans rise 5.21% in 9m/2013 Posted: 24 Oct 2013 07:49 PM PDT Total outstanding loans of commercial banks in Ho Chi Minh City grew 5.21% in the first three quarters of 2013, according to Nguyen Hoang Minh, deputy director of the State Bank of Vietnam (SBV)'s branch in the city. Notably, while dong loans surged by 11.6% during the 9-month period, lending denominated in foreign currency fell [...] The post HCMC: Total loans rise 5.21% in 9m/2013 appeared first on Vietnam Business News.

Cashew exports to top US$1.8 billion Posted: 24 Oct 2013 07:47 PM PDT HCM CITY (VNS)— With an increasing demand for cashews in the global market, Viet Nam expects a higher export volume this year, reaching US$1.8 billion. According to the Viet Nam Cashew Association (Vinacas), the country exported 212,000 tonnes of cashew worth $1.3 billion in the first nine months of the year. The average FOB export [...] The post Cashew exports to top US$1.8 billion appeared first on Vietnam Business News.

FDI surges by 65.5 per cent Posted: 24 Oct 2013 07:46 PM PDT HA NOI (VNS)— Viet Nam has brought in US$19.2 billion in foreign direct investment (FDI) in the first 10 months of the year, a whopping 65.5 per cent more than last year’s figure, according to the General Statistics Office (GSO). The GSO said around 1,050 new projects had been licensed this year with a registered [...] The post FDI surges by 65.5 per cent appeared first on Vietnam Business News.

Banking giants to offload bad debt Posted: 24 Oct 2013 07:30 PM PDT HA NOI (VNS)— The Viet Nam Asset Management Company (VAMC) will sign contracts this week to purchase more than VND1 trillion (US$47.6 million) in bad debts from Maritime Bank, Techcombank and Global PetroBank (GPBank). The new deal raises the total number of banks offloading bad debts to nine, including Agribank, Viet Nam Construction Bank, Phuong [...] The post Banking giants to offload bad debt appeared first on Vietnam Business News.

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610