The Business Times: LasVegas Sands eyes Vietnam casino project

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• LasVegas Sands eyes Vietnam casino project
• Vietnam still depends on shoe material imports
• Vietnam c.bank net withdraws vnd1,020bln via OMO in week of nov 18-22
• VDB sells vnd1.05 trillion bonds on nov 22
• ADB provides US$50 million loan to support SMEs
• Banks report better operation results
• Credit growth and story on ‘stand when you lend, kneel when you collect debts’
• Vietnam State Treasury mobilises 1.6tr dong of G-bond on november 21
• Banking ‘room’ for foreign investors should be at over 50pct
• Vietnam CPI rises 0.34% in november: GSO

LasVegas Sands eyes Vietnam casino project Posted: 24 Nov 2013 08:48 PM PST During a recent visit to Vietnam, Sheldon Adelson, chairman and CEO of US-based LasVegas Sands, expressed his group's interest in an integrated resort in Vietnam. Vietnam Investment Review reported Adelson had a working session with Vietnamese Minister of Planning and Investment Bui Quang Vinh, discussing LasVegas Sands's investment plans in Vietnam. Adelson said his group wants [...] The post LasVegas Sands eyes Vietnam casino project appeared first on Vietnam Business News.

Vietnam still depends on shoe material imports Posted: 24 Nov 2013 08:46 PM PST Despite a sizeable leather shoe exporting country, domestic producers still heavily depend on material imports as they fail to find out quality supplies in the nation. Lien Anh Co. Ltd. in Binh Duong Province has suffered a damage of US$100,000 for importing a batch of substandard leather. However, it still has to import another leather [...] The post Vietnam still depends on shoe material imports appeared first on Vietnam Business News.

Vietnam c.bank net withdraws vnd1,020bln via OMO in week of nov 18-22 Posted: 24 Nov 2013 08:45 PM PST During the week, the State Bank of Vietnam (SBV) net withdrew VND1,020bln via OMO, local newswire NDH.vn reported, citing data from SSI Research. During the week, SBV issued VND1,491 billion worth of Treasury bills and there were VND2,088 billion T-bills falling due, resulting in a net withdrawal of VND597 billion through outright selling. On Nov 22, 2013, SBV pumped [...] The post Vietnam c.bank net withdraws vnd1,020bln via OMO in week of nov 18-22 appeared first on Vietnam Business News.

VDB sells vnd1.05 trillion bonds on nov 22 Posted: 24 Nov 2013 08:43 PM PST The Vietnam Development Bank (VDB) on Nov 22, 2013 sold VND1.05 trillion worth of government-backed bonds out of VND3 trillion auctioned at the Hanoi Stock Exchange (HNX) at the yields of 8.45-9.45% pa, local newspaper Banking Times reported. In the auction, the VDB planned to sell VND3 trillion worth of government-backed bonds, distributed equally at [...] The post VDB sells vnd1.05 trillion bonds on nov 22 appeared first on Vietnam Business News.

ADB provides US$50 million loan to support SMEs Posted: 24 Nov 2013 08:41 PM PST The Asian Development Bank (ADB) has committed a US$50 million concessional loan to boost the development and competiveness of small and medium-sized enterprises (SMEs) in Vietnam A document to this effect was signed in Hanoi on November 22 between representatives of the bank and the Vietnamese government. "While the Government made great efforts to enhance [...] The post ADB provides US$50 million loan to support SMEs appeared first on Vietnam Business News.

Banks report better operation results Posted: 24 Nov 2013 08:34 PM PST On 15 November, Sacombank announced its business results for the first 10 months and interim dividend plan. Accordingly, accumulated 10 months profit before tax was 2.3 trillion dong, met 84.4 percent yearly plan; and BOM agreed a 2013 interim dividend of 8 percent. This bank was the leader in term of benefit in joint stock [...] The post Banks report better operation results appeared first on Vietnam Business News.

Credit growth and story on ‘stand when you lend, kneel when you collect debts’ Posted: 24 Nov 2013 08:32 PM PST Some bankers said that "stand when you lend, kneel when you collect debts" but if credit growth was not controlled wisely, it would be "kneel when you lend, kneel when you borrow and maybe lie down when you collect debts", said PhD Vu Dinh Anh. Anh also added that fiscal policy had never been tightened, [...] The post Credit growth and story on 'stand when you lend, kneel when you collect debts' appeared first on Vietnam Business News.

Vietnam State Treasury mobilises 1.6tr dong of G-bond on november 21 Posted: 24 Nov 2013 08:30 PM PST The Hanoi Stock Exchange held an auction of government-backed bond issued by the Vietnam State Treasury on November 21 2013. The auction had bid call volume of 2.5 trillion dong with terms of two years (1.5 trillion dong), three years (500 billion dong) and five years (500 billion dong). Two year bond attracted 23 participants [...] The post Vietnam State Treasury mobilises 1.6tr dong of G-bond on november 21 appeared first on Vietnam Business News.

Banking ‘room’ for foreign investors should be at over 50pct Posted: 24 Nov 2013 08:29 PM PST In a recent report to the National Assembly of governor of the State Bank of Vietnam Nguyen Van Binh, even weak banks still get the attention of foreign investors. That is a good sign for the banking system because if there is the participation of potential foreign organisations, it is very necessary to allow foreign [...] The post Banking 'room' for foreign investors should be at over 50pct appeared first on Vietnam Business News.

Vietnam CPI rises 0.34% in november: GSO Posted: 24 Nov 2013 08:28 PM PST Vietnam's consumer price index (CPI) is estimated to have accelerated by 0.34% on month in November, driven by prices of food and foodstuff, the General Statistics Office (GSO) said in its website. This month CPI increase is the lowest growth in recent 4 months [0.49%in October; 1.06% in September; 0.83% in August] according to data [...] The post Vietnam CPI rises 0.34% in november: GSO appeared first on Vietnam Business News.

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