The Business Times: Vietnamese shipping meets raging waves on open sea

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• Vietnamese shipping meets raging waves on open sea
• Vietnamese rice exporters seek ways to boost sales
• VAMC to issue second batch of special bonds
• Can Tho strives to boost seafood export
• Vietnam’s economy regaining growth momentum
• Total outstanding loans of Mekong Delta reaches 301.652tr dong in 8 months
• Banking sector reform remains a crucial priority
• Vietnamese banks’ CARs surprisingly high

Vietnamese shipping meets raging waves on open sea Posted: 19 Oct 2013 11:12 PM PDT Selling ships is a solution that helps shipping firms survive the current difficulties, but it is not the way they can follow to earn their living. Deputy Minister of Transport Nguyen Hong Truong said Vinashinlines has successfully sold 90 percent of the ships anchored overseas for many days. The last one, Hoang Son 28, still [...] The post Vietnamese shipping meets raging waves on open sea appeared first on Vietnam Business News.

Vietnamese rice exporters seek ways to boost sales Posted: 19 Oct 2013 11:08 PM PDT  Vietnam, one of the world's leading rice exporters, has lowered bar for its rice export for 2013 to between 7-7.2 million tonnes from the targeted 7.5 million tonnes and is striving to open new markets. The Vietnam Economic News reports. As domestic businesses currently meet difficulties in exporting to traditional markets, promoting exports to new [...] The post Vietnamese rice exporters seek ways to boost sales appeared first on Vietnam Business News.

VAMC to issue second batch of special bonds Posted: 19 Oct 2013 11:05 PM PDT The Vietnam Asset Management Company (VAMC) has decided to issue its second batch of special bonds to help handle bad debts for several banks, the State Bank announced on October 18. The bank said the bonds, worth of VND3,070 billion (US$146.1 million) with five-year maturity from October 22, 2013 to October 22, 2018 and a [...] The post VAMC to issue second batch of special bonds appeared first on Vietnam Business News.

Can Tho strives to boost seafood export Posted: 19 Oct 2013 11:02 PM PDT The Mekong Delta city of Can Tho is striving to ship 170,000 tonnes of seafood abroad by the end of this year, up 30,000 tonnes year-on-year. This is expected to bring revenue from the city's exports to 1.46 billion USD for the whole year, an increase of 210 million USD over last year. To realise [...] The post Can Tho strives to boost seafood export appeared first on Vietnam Business News.

Vietnam’s economy regaining growth momentum Posted: 19 Oct 2013 11:00 PM PDT Vietnam's gross domestic product (GDP) expanded 5.5 percent in the third quarter of 2013. Compared with the second quarter, the growth is 0.5 percent higher. This is a good sign for the economy, especially towards the end of the year. Report by the Vietnam Business Forum. Positive signs The third quarter GDP print shows an [...] The post Vietnam’s economy regaining growth momentum appeared first on Vietnam Business News.

Total outstanding loans of Mekong Delta reaches 301.652tr dong in 8 months Posted: 19 Oct 2013 11:00 PM PDT The Credit Department under the State Bank of Vietnam has announced results of some credit targets for agricultural and rural development in Mekong Delta provinces in the first months of 2013. As of August 31 2013, total amount of raised capital of credit organisations in Mekong Delta provinces reached 236.161 trillion dong, increasing by 13.61 [...] The post Total outstanding loans of Mekong Delta reaches 301.652tr dong in 8 months appeared first on Vietnam Business News.

Banking sector reform remains a crucial priority Posted: 19 Oct 2013 10:58 PM PDT Dinh Minh Tuan from the Advisory Council to the National Assembly Committee for Economic Affairs tells Countryside Today newspaper that banking sector reform remains a crucial priority. * How do you assess the situation of cross-ownership and the current status of the banking system in general? The cross-ownership among State-run commercial banks, joint stock commercial [...] The post Banking sector reform remains a crucial priority appeared first on Vietnam Business News.

Vietnamese banks’ CARs surprisingly high Posted: 19 Oct 2013 10:50 PM PDT Vietnamese banks see bad debts increasing, but all of them have got higher capital safety. Meanwhile, the commercial banks believed to have high capital safety are the ones which may lose capital easily. The Capital Adequacy Ratio (CAR) is a measure of a bank's capital, expressed as a percentage of the bank's risk weighted credit [...] The post Vietnamese banks' CARs surprisingly high appeared first on Vietnam Business News.

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