The Business Times: Vietnam attracts US$15 bil of FDI in nine months

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• Vietnam attracts US$15 bil of FDI in nine months
• Vietnam’s coffee industry rumored to be collapsing
• Sales and service revenues rise on recent price hikes
• Gold auctions were handled legally: SBV
• Poor quality A83 petrol to be axed by end of the year
• Vietnam gas prices decreases by vnd8,000/ 12kg canister since oct 1st
• Exports set to surpass target
• Japanese reluctant to pour capital into VN property market
• HCMC: Bad debts rise to 5.99%
• Agribank sells vnd2.534tln bad loans to VAMC for vnd1.723tln

Vietnam attracts US$15 bil of FDI in nine months Posted: 02 Oct 2013 12:33 AM PDT Vietnam attracted more than US$15 billion of foreign direct investment (FDI) in the first nine months of this year, a surge of 36.1 percent year-on-year, according to the latest report by the Ministry of Planning and Investment (MPI). Of the figure, US$9.294 billion was poured into 872 newly-licenced projects, a yearly increase of 34.9 percent, [...] The post Vietnam attracts US$15 bil of FDI in nine months appeared first on Vietnam Business News.

Vietnam’s coffee industry rumored to be collapsing Posted: 02 Oct 2013 12:32 AM PDT The rumor that the Vietnamese coffee is nearly falling down has been spread out through the world's forums. There is no smoke without fire.   Do Ha Nam, Deputy Chair of the Vietnam Coffee and Cocoa Association (Vicofa), said Vietnamese enterprises have been on the tenterhooks these days because of a series of problems relating [...] The post Vietnam's coffee industry rumored to be collapsing appeared first on Vietnam Business News.

Sales and service revenues rise on recent price hikes Posted: 02 Oct 2013 12:30 AM PDT HA NOI (VNS) — The country’s total retail sales and service revenues in the first nine months of this year reached VND1,932 trillion (US$92 billion), data from the General Statistics Office (GSO) showed. The figure represents a 12.5 per cent year-on-year rise, GSO said, adding that the rise would be only 5.3 per cent if [...] The post Sales and service revenues rise on recent price hikes appeared first on Vietnam Business News.

Gold auctions were handled legally: SBV Posted: 01 Oct 2013 11:27 PM PDT HA NOI (VNS) — Management, revenues and expenditures from gold auctions were precisely handled pursuant to laws, announced the State Bank of Viet Nam in an attempt to counter the public’s doubts about the transparency of the activities. From March 28 to the end of last week, the central bank already sold 1.611 million taels [...] The post Gold auctions were handled legally: SBV appeared first on Vietnam Business News.

Poor quality A83 petrol to be axed by end of the year Posted: 01 Oct 2013 11:25 PM PDT  Prime Minister Nguyen Tan Dung has given the nod to the Ministry of Industry and Trade’s proposal to stop the production and sale of petrol A83 as of January 1 next year. As reported by the Ministry of Industry and Trade to the Government, A83 is poor-quality petrol with an octane index lower than regulated, [...] The post Poor quality A83 petrol to be axed by end of the year appeared first on Vietnam Business News.

Vietnam gas prices decreases by vnd8,000/ 12kg canister since oct 1st Posted: 01 Oct 2013 11:23 PM PDT Gas prices in Vietnam decreased by VND8,000 per 12-kg cylinder ($38 cents) from yesterday [Oct 1], the local news provider Vietnamplus.vn reported, citing information from gas wholesalers. Affer the fall , the current domestic gas retailed price is aboutVND390,000/12kg cylinder ($18.45). The fall came on lower global gas prices, Do Trung Thanh-Head of Sales Department [...] The post Vietnam gas prices decreases by vnd8,000/ 12kg canister since oct 1st appeared first on Vietnam Business News.

Exports set to surpass target Posted: 01 Oct 2013 11:22 PM PDT HA NOI (VNS) — The country is expected to see an export turnover of US$131 billion this year, representing a 14 per cent increase from 2012. According to a Ministry of Industry and Trade (MoIT) forecast, turnover would be 4 per cent higher than the target set by the National Assembly earlier this year. Its [...] The post Exports set to surpass target appeared first on Vietnam Business News.

Japanese reluctant to pour capital into VN property market Posted: 01 Oct 2013 11:20 PM PDT Though admitting that the Vietnamese real estate market has great potentials, Japanese property firms still keep hesitant with the investment opportunities in the market. According to Yasuzumi Hirotaka, Managing Director of Jetro (the Japan External Trade Organization) in HCM City, Japanese keep cautious with the Vietnamese market because the problems still exist and the business [...] The post Japanese reluctant to pour capital into VN property market appeared first on Vietnam Business News.

HCMC: Bad debts rise to 5.99% Posted: 01 Oct 2013 10:59 PM PDT Bad debts at banks in Ho Chi Minh City have increased to VND53.752 trillion or 5.99% of total outstanding credits, the Saigon Times reported, citing data disclosed by the central bank branch in the city. Data showed that bad loans of credit institutions in the southern hub, by the end of August, continued to rise [...] The post HCMC: Bad debts rise to 5.99% appeared first on Vietnam Business News.

Agribank sells vnd2.534tln bad loans to VAMC for vnd1.723tln Posted: 01 Oct 2013 10:56 PM PDT Agribank, officially known as the Vietnam Bank for Agriculture and Rural Development, said it signed contract to sell VND2.534 trillion bad loans of 11 firms to the Vietnam Asset Management Company (VAMC) at expected sale price of VND1.723 trillion. Accordingly to, the VAMC will issue special bonds to the Agribank. These special bonds, as regulated, [...] The post Agribank sells vnd2.534tln bad loans to VAMC for vnd1.723tln appeared first on Vietnam Business News.

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