Sunday, October 20, 2013

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

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

Link to Vietnam Business News

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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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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 [...]

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