The Business Times: Vietnam’s sugar prices fall, high inventory

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• Vietnam’s sugar prices fall, high inventory
• Import of animal feed and input materials soar 38.5% yoy in 10m/2013
• Vietnam ranks 99th for Ease of Doing Business
• Average monthly inflation likely to move around 0.6-0.8%: NFSC
• Solutions sought for budget housing projects
• Markets gain despite falling liquidity
• VAMC tempts international investors with NPL portfolio
• Oct 30: Vietnam central bank keeps dollar exchange at vnd21,036
• SBV outlines scheme to stabilise forex, gold rates
• FIEs refuse to borrow money from Vietnamese banks

Vietnam’s sugar prices fall, high inventory Posted: 29 Oct 2013 08:55 PM PDT Vietnam's sugar output and prices were estimated to fall while inventory jumped in October and in the first 10 months of this year, VOV.vn reported. In details, by Oct 15 this year, Vietnam produced total of 29,700 tons of sugar, down 180,000 tons on year while sugar inventory jumped by 49,100 from a year ago. [...] The post Vietnam's sugar prices fall, high inventory appeared first on Vietnam Business News.

Import of animal feed and input materials soar 38.5% yoy in 10m/2013 Posted: 29 Oct 2013 08:53 PM PDT Vietnam's imports of animal feed and raw material for animal feed production are estimated to touch $2.73 billion in the first 10 months of this year, soaring 38.5% from a year ago, VOV.vn reported, citing data from the MARD In October alone, imports of these products reached $357 million, mainly from Argentina, India and the [...] The post Import of animal feed and input materials soar 38.5% yoy in 10m/2013 appeared first on Vietnam Business News.

Vietnam ranks 99th for Ease of Doing Business Posted: 29 Oct 2013 08:52 PM PDT This year, Vietnam is ranked 99 out of 189 economies, signaling that the country needs to do even more in order to improve its position on the list. A new World Bank  (WB) Group report finds that Vietnam strengthened investor protection and improved access to credit to make doing business easier for local firms between [...] The post Vietnam ranks 99th for Ease of Doing Business appeared first on Vietnam Business News.

Average monthly inflation likely to move around 0.6-0.8%: NFSC Posted: 29 Oct 2013 08:50 PM PDT Vietnam's average monthly inflation will move in the frame of 0.6-0.8%, phapluattp.vn reported, citing information from the National Financial Supervisory Commission (NFSC). Commodities' prices will post the highest price increases in the last quarter of this year, driven by price hikes of food and foodstuff, higher seasonal purchasing demand in the adjacent months of the [...] The post Average monthly inflation likely to move around 0.6-0.8%: NFSC appeared first on Vietnam Business News.

Solutions sought for budget housing projects Posted: 29 Oct 2013 08:49 PM PDT Problems encountered while seeking approval to convert commercial housing projects to budget ones and disbursement of the VND30-trillion package may be improved in the coming time as management agencies are looking for solutions to these issues. Representatives of the Government Office, the Steering Committee on Housing and Real Estate Market Policy, the Ministry of Construction, [...] The post Solutions sought for budget housing projects appeared first on Vietnam Business News.

Markets gain despite falling liquidity Posted: 29 Oct 2013 08:47 PM PDT HA NOI (VNS)— Shares rebounded yesterday although liquidity declined significantly. On the HCM City Stock Exchange, the VN-Index added 0.12 per cent to 497.08 points, while gainers outnumbered losers by 139-82. The total value of trades dropped around 33 per cent from Monday’s level to VND909.8 billion (US$42.9 million), while trading volume reached more than [...] The post Markets gain despite falling liquidity appeared first on Vietnam Business News.

VAMC tempts international investors with NPL portfolio Posted: 29 Oct 2013 08:41 PM PDT Dr. Christian Kamm, president of Kamm Investment, a US-backed investment advisory firm based in Ho Chi Minh City, lifts the lid on the issues facing the Vietnam Asset Management Company as they attempt to clean up the country's banking woes. In the last few weeks, the Vietnam Asset Management Company has actively purchased non-performing loans [...] The post VAMC tempts international investors with NPL portfolio appeared first on Vietnam Business News.

Oct 30: Vietnam central bank keeps dollar exchange at vnd21,036 Posted: 29 Oct 2013 08:39 PM PDT Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Wednesday, unchanged for more than 4 months. 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 raised dollar prices [...] The post Oct 30: Vietnam central bank keeps dollar exchange at vnd21,036 appeared first on Vietnam Business News.

SBV outlines scheme to stabilise forex, gold rates Posted: 29 Oct 2013 08:38 PM PDT The State Bank of Vietnam (SBV) plans to scrutinise foreign currency and gold trading in order to keep the forex rate stable in the last few months of the year. The central bank said on Monday it had tightened market management by restricting borrowing of foreign currencies, strictly controlling illegal forex trading and preventing gold [...] The post SBV outlines scheme to stabilise forex, gold rates appeared first on Vietnam Business News.

FIEs refuse to borrow money from Vietnamese banks Posted: 29 Oct 2013 08:37 PM PDT Believing that foreign invested enterprises (FIEs) are the potential borrowers, Vietnamese banks still cannot approach the clients. Hoang Van Thanh, Chief Accountant of CFT, a Japanese owned copper wire company, said CFT has borrowed capital from a Japanese bank at the interest rate of one percent per annum. Therefore, there is no reason for the [...] The post FIEs refuse to borrow money from Vietnamese banks appeared first on Vietnam Business News.

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