The Business Times: Retail sector posts 12% profit rise

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• Retail sector posts 12% profit rise
• Singaporean bank withdraw funds from VPBank
• Vietnam c.bank net withdraws vnd31bln via OMO on nov 27
• Outstanding loans increased in HCMC in month near year-end
• Nov 28: Vietnam gold extends losses to vnd35.3mln/tael, dollar stable
• Inventory index rises 9.4% yoy as of nov 1: GSO
• Shares mixed despite upswing
• Mobile services providers attempt to keep customers
• Vietnam’s IIP increases 5.7% yoy in November 2013: GSO
• Foreign work gives Viettel $28m profit

Retail sector posts 12% profit rise Posted: 27 Nov 2013 08:33 PM PST The country’s total retail sales and service revenue in the first 11 months of this year reached VND2,386 trillion (US$113 billion), the General Statistics Office (GSO) reported. The figure represented a 12.6 per cent year-on-year rise, the highest level so far this year, the GSO said, adding that the increase would have only been 5.5 [...] The post Retail sector posts 12% profit rise appeared first on Vietnam Business News.

Singaporean bank withdraw funds from VPBank Posted: 27 Nov 2013 08:32 PM PST VPBank has parted its only foreign strategic shareholder – Singaporean bank Oversea-Chinese (OCBC) after this partner sold all of its shares at VPBank (more than 85.8 million shares), equivalent to nearly 15 percent of the charter capital. Oversea-Chinese Bank – Singapore’s oldest bank, has transferred all of its over 85.8 million shares in Vietnam Prosperity [...] The post Singaporean bank withdraw funds from VPBank appeared first on Vietnam Business News.

Vietnam c.bank net withdraws vnd31bln via OMO on nov 27 Posted: 27 Nov 2013 08:30 PM PST The State Bank of Vietnam (SBV) didn't pump any money through open market operation (OMO) while withdrew VND31 billion, resulting in net withdrawal of VND31 billion on Nov 27, 2013, local newswire NDH reported, citing data from SSI Research. As of November 27, the total outstanding loans on OMO were VND458 billion. On the day, SBV [...] The post Vietnam c.bank net withdraws vnd31bln via OMO on nov 27 appeared first on Vietnam Business News.

Outstanding loans increased in HCMC in month near year-end Posted: 27 Nov 2013 08:29 PM PST In early November, outstanding loans in the city stood at more than VND919 trillion, up 2.8% from the previous month, 7.5% from the year beginning and 16% compared to last November, local newspaper Cong an Nhan dan reported. The information is from the State Bank of Vietnam (SBV) – Ho Chi Minh City branch. Currently, [...] The post Outstanding loans increased in HCMC in month near year-end appeared first on Vietnam Business News.

Nov 28: Vietnam gold extends losses to vnd35.3mln/tael, dollar stable Posted: 27 Nov 2013 08:27 PM PST This morning, Vietnam gold dropped by VND150,000/tael to VND35.27 million/tael, purchase power increase. World gold inched up in Asia trade this morning. Hochiminh was traded at VND35.15 million/tael for bid and VND35.27 million/tael for ask respectively as of 10:57 am, Hanoi time. SJC in the North quoted at VND35.15 million/tael for bid and VND35.27 million/tael [...] The post Nov 28: Vietnam gold extends losses to vnd35.3mln/tael, dollar stable appeared first on Vietnam Business News.

Inventory index rises 9.4% yoy as of nov 1: GSO Posted: 27 Nov 2013 08:26 PM PST Vietnam's inventory index was estimated to rise 9.4% on year and 0.8% on month as of November 1, 2013, the General Statistical Office (GSO) said in its website. This is the lowest on month increase since July (4.6% in Oct ;  b b 2.7% in Sept; 7.1% in Aug; 5.6% in July), according to the data [...] The post Inventory index rises 9.4% yoy as of nov 1: GSO appeared first on Vietnam Business News.

Shares mixed despite upswing Posted: 27 Nov 2013 06:36 PM PST Shares rose for the third session in a row in Ha Noi yesterday but faltered in HCM City as blue chips sold heavily towards the end of the session. On the HCM City Stock Exchange, the VN-Index lost 0.14 per cent to 508.43 points. The VN30, tracking the city’s largest shares in terms of capitalisation [...] The post Shares mixed despite upswing appeared first on Vietnam Business News.

Mobile services providers attempt to keep customers Posted: 27 Nov 2013 06:34 PM PST Mobile services providers are using various methods to retain their regular customers, as the local market is reaching a saturation point with 140 million mobile subscribers. Instead of attracting new customers, providers are now figuring out how to provide better customer care. “The market is saturated. It’s almost impossible to gain of the market share, [...] The post Mobile services providers attempt to keep customers appeared first on Vietnam Business News.

Vietnam’s IIP increases 5.7% yoy in November 2013: GSO Posted: 27 Nov 2013 06:33 PM PST Vietnam's index of industrial production (IIP) in November 2013 is estimated to increase by 5.7% on year, driven by water supply, sewage, waste management, the General Statistics Office said it its website. In  details, processing and manufacturing sector increased by 8.4% from a year earlier;  production and distribution of electricity sector jumped by 8.2% and water supply, [...] The post Vietnam's IIP increases 5.7% yoy in November 2013: GSO appeared first on Vietnam Business News.

Foreign work gives Viettel $28m profit Posted: 27 Nov 2013 06:31 PM PST Business operations abroad brought a profit of VND592.2 billion (US$28.2 million) for Viettel Global Investment Joint Stock Company in its 2013 third quarter, according to the firm’s report. The Viettel Corporation member gained VND3.1 trillion ($147.6 million) in revenue in the third quarter. Its total revenue reached nearly VND7.9 trillion ($376.1 million) in the first [...] The post Foreign work gives Viettel $28m profit appeared first on Vietnam Business News.

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