The Business Times: National Assembly: Corruption still on the rise

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• National Assembly: Corruption still on the rise
• Vietjet Air steps closer to massive deal to upgrade fleet
• Salt output jumps 28%yoy to 976.2 thousand tons in 9m/2013:MARD
• US becomes biggest Vietnamese shrimp consumer
• Transfer pricing: It’s to blame on VN’s bad policy response ability
• Vietnam cuts 2013 rice export target to 6.7 million tonnes
• Steel oversupply defies weak demand
• Interbank trading dong -17%, dollar +19% in week ending november 1
• G-bond disbursement estimated at 48.8tr dong as of end-oct
• Eximbank plans to acquire nearly 62m treasury shares

National Assembly: Corruption still on the rise Posted: 08 Nov 2013 12:11 AM PST Presenting the 2013 anti-corruption report at the NA session on Tuesday, Inspector General of the Government Inspectorate Huynh Phong Tranh said that corruption is still very serious and takes place in many localities, fields and levels. Disturbing acts have been reported at a number of government officials and employees in the country. Corruption and wastage [...] The post National Assembly: Corruption still on the rise appeared first on Vietnam Business News.

Vietjet Air steps closer to massive deal to upgrade fleet Posted: 08 Nov 2013 12:09 AM PST Vietnamese budget carrier VietJet Air (VJA) is ready to execute its US$9 billion worth plan to buy as many as 92 Airbus aircrafts by signing a cooperation agreement with two Chinese lenders. Accordingly, China Construction Bank (CCB) and CCB Financial Leasing Corp Ltd (CCBFL) have agreed to provide VJA with necessary financial aid to buy [...] The post Vietjet Air steps closer to massive deal to upgrade fleet appeared first on Vietnam Business News.

Salt output jumps 28%yoy to 976.2 thousand tons in 9m/2013:MARD Posted: 08 Nov 2013 12:05 AM PST Vietnam's salt output was estimated to increase by 28.1% on year to 976,171 tons in the first 10 months of this year, meeting 97.6% of the whole year plan ,VOV.vn reported, citing data from the Ministry of Agriculture and Rural Development (MARD). Of the sum, industrial produced salt is 256,024 tons, increasing 15.3% on year [...] The post Salt output jumps 28%yoy to 976.2 thousand tons in 9m/2013:MARD appeared first on Vietnam Business News.

US becomes biggest Vietnamese shrimp consumer Posted: 08 Nov 2013 12:01 AM PST The Vietnam Association of Seafood Exporters and Producers (VASEP) has announced the US recently overtook Japan to become the world's biggest importer of Vietnamese shrimp. The November 7 announcement noted US shrimp prices sharply increased in the first nine months, prompting Vietnam to boost its shrimp shipments to this market. Vietnam Customs said shrimp exports [...] The post US becomes biggest Vietnamese shrimp consumer appeared first on Vietnam Business News.

Transfer pricing: It’s to blame on VN’s bad policy response ability Posted: 08 Nov 2013 12:00 AM PST Vietnam should blame itself for a series of transfer pricing cases found recently. Hanoi leads the country in terms of the tax arrears foreign invested enterprises (FIEs) have to pay (VND98 billion), followed by HCM City (VND15 billion), Thai Binh (VND7 billion), Quang Ninh and Lam Dong (VND5 billion), Hai Phong VND1.3 billion. In the [...] The post Transfer pricing: It's to blame on VN's bad policy response ability appeared first on Vietnam Business News.

Vietnam cuts 2013 rice export target to 6.7 million tonnes Posted: 08 Nov 2013 12:00 AM PST The Vietnam Food Association (VFA) reports Vietnam has cut its 2013 rice export target by 4%, down to 6.7 million tonnes from the earlier goal of 7.2 million tonnes. Vietnamese exporters have cancelled some Chinese contracts due to low prices and are shifting attention to the domestic market. Thai competitors will also challenge Vietnamese rice [...] The post Vietnam cuts 2013 rice export target to 6.7 million tonnes appeared first on Vietnam Business News.

Steel oversupply defies weak demand Posted: 07 Nov 2013 09:21 PM PST Steel makers in Viet Nam are expected to produce 10 million tonnes of steel in 2013, up 8.5 per cent year-on-year, even though the real estate market remains frozen. The Viet Nam Steel Association (VSA) attributed the contradiction to the imbalance between supply and demand. “While the real estate sector, the main consumer of steel [...] The post Steel oversupply defies weak demand appeared first on Vietnam Business News.

Interbank trading dong -17%, dollar +19% in week ending november 1 Posted: 07 Nov 2013 09:18 PM PST The total interbank trading value of the dong fell by 17% to VND99.961 trillion in the week ending November 1 from VND119.975 trillion a week earlier while that of the dollar rose 19% to VND69.973 trillion from VND58.814 trillion. The total interbank trading value of the dong fell by 17% to VND99.961 trillion in the [...] The post Interbank trading dong -17%, dollar +19% in week ending november 1 appeared first on Vietnam Business News.

G-bond disbursement estimated at 48.8tr dong as of end-oct Posted: 07 Nov 2013 09:16 PM PST As reported by the Ministry of Finance, as of end-October 2013, the investment capital disbursement from the government-backed bond was estimated at VND 48.8 trillion, or 81.3% of the year's plan (the ratio was 75.3% in the same period last year). In October 2013, the State Treasury organised four tenders for Treasury bills via the [...] The post G-bond disbursement estimated at 48.8tr dong as of end-oct appeared first on Vietnam Business News.

Eximbank plans to acquire nearly 62m treasury shares Posted: 07 Nov 2013 09:15 PM PST Vietnam Export Import Commercial Joint Stock Bank (Eximbank, coded EIB) announced director board's resolution dated on November 5 2013 on its website. The director board approved to acquire over 61.776 million shares, equivalent to 5 percent of ordinary shares as treasury shares. Capital source to acquire shares is taken from equity surplus, development investment fund [...] The post Eximbank plans to acquire nearly 62m treasury shares appeared first on Vietnam Business News.

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