The Business Times: SBV sells 14,600 taels of gold at 70th auction

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• SBV sells 14,600 taels of gold at 70th auction
• Vietnam, India cement trade ties
• Vietnam contributes to APEC development
• SBV: Handling bad debts still face many difficulties
• “G14″ meeting: No more room to loosen for credit growth
• Credit promotion proves hard
• Vietnam relies on big projects when attracting FDI
• Investors leasing new apartments to get property market moving
• VN welcomes foreign investors
• Local stocks end week on a high

SBV sells 14,600 taels of gold at 70th auction Posted: 15 Nov 2013 07:30 PM PST Only 400 taels of gold bullions were left unsold out of 15,000 taels offered in the 70th auction session held by the State Bank of Vietnam (SBV) on November 15, 2013, local newswire Tri Thuc Tre reported. Thirteen licensed gold firms and credit institutions bought gold bullions at VND36.49 -36.51 million/tael. During the period from March 28, [...] The post SBV sells 14,600 taels of gold at 70th auction appeared first on Vietnam Business News.

Vietnam, India cement trade ties Posted: 15 Nov 2013 07:29 PM PST Vietnamese and Indian entrepreneurs were brought together at a business forum in New Delhi on November 15 to meet each other and discuss the investment climate and opportunities. Le Thai Hoa, deputy head of the Department of Africa, West Asia and South Asia Markets under the Vietnamese Ministry of Industry and Trade, highlighted the traditional [...] The post Vietnam, India cement trade ties appeared first on Vietnam Business News.

Vietnam contributes to APEC development Posted: 15 Nov 2013 07:27 PM PST Vietnam's policies are helping to foster multi-level economic connectivity in the Asia-Pacific as well as the building of an ASEAN Community and the Asia-Pacific Economic Cooperation (APEC) forum. Deputy Prime Minister and Foreign Minister Pham Binh Minh made the affirmation while opening the conference "APEC in the 21st century Asia-Pacific" in Hanoi on November 15. [...] The post Vietnam contributes to APEC development appeared first on Vietnam Business News.

SBV: Handling bad debts still face many difficulties Posted: 15 Nov 2013 07:23 PM PST Currently, the whole system has more than VND142 trillion NPLs, local newswire Tri Thuc Tre reported citing a report by the SBV's Governor Nguyen Van Binh to the National Assembly. The growth rate of NPLs has declined steadily since the end of 2012. At the end of September 2013, the total system's NPLs were VND142.33 [...] The post SBV: Handling bad debts still face many difficulties appeared first on Vietnam Business News.

“G14″ meeting: No more room to loosen for credit growth Posted: 15 Nov 2013 07:20 PM PST On November 14, the State Bank of Vietnam (SBV) held meeting with 14 large commercial banks to discuss a number of measures to promote credit in the coming time, local newswire VnEconomy reported. This year, the credit growth target is 12%, and so far the achieved number is nearly 8%. It means there are 45 [...] The post “G14″ meeting: No more room to loosen for credit growth appeared first on Vietnam Business News.

Credit promotion proves hard Posted: 15 Nov 2013 07:19 PM PST Banks are finding it difficult to achieve credit growth targets this year despite strenuous efforts to meet their goals. Banks have scaled up their efforts to reschedule debts, lower interest rates for old loans and offered new loans at preferential rates, hoping to bolster credit demand. Firms with bad debts but good production and business [...] The post Credit promotion proves hard appeared first on Vietnam Business News.

Vietnam relies on big projects when attracting FDI Posted: 15 Nov 2013 07:16 PM PST The seven huge projects with the registered capital of over $1 billion made up nearly a half of the total foreign direct investment (FDI) capital registered in the last 10 months. The total FDI capital registered in the first 10 months of the year, according to the Ministry of Planning and Investment (MPI) was $19.2 [...] The post Vietnam relies on big projects when attracting FDI appeared first on Vietnam Business News.

Investors leasing new apartments to get property market moving Posted: 15 Nov 2013 07:14 PM PST Many property investors have converted apartments for sale to apartments for lease to cut the selling price. In the past two years, Vingroup gave up on selling apartments in many projects due to the downturn of the local property market. A group representative said the move aimed to protect the interests of customers who had [...] The post Investors leasing new apartments to get property market moving appeared first on Vietnam Business News.

VN welcomes foreign investors Posted: 15 Nov 2013 07:09 PM PST More than 600 foreign investors were granted stock transactional codes in the first ten months of this year, up nearly 40 per cent over the 2012 figure, according to the Viet Nam Securities Depository Centre. Strongest interest from foreign investors was seen in March, April and May when on average 90 foreign investors were granted [...] The post VN welcomes foreign investors appeared first on Vietnam Business News.

Local stocks end week on a high Posted: 15 Nov 2013 06:40 PM PST Shares continued to increase during yesterday’s session, with the VN-Index gaining 0.7 per cent to 501.34 points, on the HCM City Stock Exchange Trading value increased 31.5 per cent on Thursday’s level to VND1.12 trillion (US$52.8 million), with around 91.2 million shares changing hands. The VN30, bolstered by the gains of 21 blue chips, added [...] The post Local stocks end week on a high appeared first on Vietnam Business News.

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