The Business Times: Statistics about labor market unreliable

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• Statistics about labor market unreliable
• Vinashin model officially abolished
• Banks facing dilemma of excess capital and credit growth difficulty
• Vietnam c.bank net withdraws vnd2,350 bln via OMO on oct 31
• Vietcombank publicises new mutual fund
• Nov 1: Vietnam gold falls to 3-month low at vnd37mln/tael, dollar stable
• Vietnam gas prices increase by vnd18,000/ 12kg canister since nov 1st
• HCM City – an attractive destination for Japanese investors
• Housing prices return to the level of 7 year ago
• Stretched VN prepares for energy imports

Statistics about labor market unreliable Posted: 31 Oct 2013 11:56 PM PDT The reports by relevant ministries and branches all showed that more jobs have been created and the unemployment rate has decreased in the context of the ailing national economy. Dr. Nguyen Ba Ngoc, Deputy Head of the Institute for Labor Science and Social Affairs, commented at the recent workshop on the implementation of the national [...] The post Statistics about labor market unreliable appeared first on Vietnam Business News.

Vinashin model officially abolished Posted: 31 Oct 2013 11:54 PM PDT The newly-issued decision by the Ministry of Transport announces the birth of a new corporation named SBIC and the officially deletion of the disreputable Vinashin group. The Transportation Ministry has announced the decision on the establishment of the Shipbuilding Industry Corporation (SBIC) on the basis of the reorganization of the parent company and a number [...] The post Vinashin model officially abolished appeared first on Vietnam Business News.

Banks facing dilemma of excess capital and credit growth difficulty Posted: 31 Oct 2013 11:46 PM PDT Banks have offered a series of new preferential programs in efforts to boost credit growth to reach the year target of 12% but it is hard to do so, reported local state-run newspaper Phap Luat. The latest data of the State Bank of Vietnam (SBV) shows that lending rates to priority sectors are as low [...] The post Banks facing dilemma of excess capital and credit growth difficulty appeared first on Vietnam Business News.

Vietnam c.bank net withdraws vnd2,350 bln via OMO on oct 31 Posted: 31 Oct 2013 11:44 PM PDT The State Bank of Vietnam (SBV) pumped VND198 billion via open market operation (OMO) and withdrew VND2,548 billion, resulting in net withdrawal of VND2,350 billion on Oct 31, 2013, local newswire NDHMoney.vn reported, citing data from SSI Research. As of October 31, the total outstanding loans on OMO is VND550 billion.On the day, SBV issued VND497 billion worth of Treasury [...] The post Vietnam c.bank net withdraws vnd2,350 bln via OMO on oct 31 appeared first on Vietnam Business News.

Vietcombank publicises new mutual fund Posted: 31 Oct 2013 11:44 PM PDT Vietcombank Fund Management’s Tactical Balanced Fund (TBF) debuted in Hanoi on October 31. TBF is the first open-ended mutual fund from VCBF, a joint venture between Vietcombank and global fund management company Franklin Templeton Investments. It is also the first of its kind to invest in both equity and fixed income securities. The fund provides [...] The post Vietcombank publicises new mutual fund appeared first on Vietnam Business News.

Nov 1: Vietnam gold falls to 3-month low at vnd37mln/tael, dollar stable Posted: 31 Oct 2013 11:43 PM PDT This morning, Vietnam gold prices slid to the 3 month low record of VND37.03 million per tael after dropping by VND140,000 tael from yesterday. World gold lost 2% in New York trade last night but rebounded small gain this morning in Asia trade. Hochiminh was traded at VND36.93 million/tael for bid and VND37.03 million/tael for [...] The post Nov 1: Vietnam gold falls to 3-month low at vnd37mln/tael, dollar stable appeared first on Vietnam Business News.

Vietnam gas prices increase by vnd18,000/ 12kg canister since nov 1st Posted: 31 Oct 2013 11:41 PM PDT Retailed gas prices in Vietnam increased by VND18,000 per 12-kg cylinder ($85 cents) from today [Nov 1], the local news provider Cafef.vn reported, citing information from gas wholesalers in Ho Chi Minh city. This is the highest gas price hike since beginning of the year. Last month, retailed domestic gas price fell by VND8,00/canister,  according to [...] The post Vietnam gas prices increase by vnd18,000/ 12kg canister since nov 1st appeared first on Vietnam Business News.

HCM City – an attractive destination for Japanese investors Posted: 31 Oct 2013 11:40 PM PDT Le Hoang Quan, Chairman of the HCM City's People's Committee received a delegation of Japanese businesses led by Kohei Watanabe, President of Mekong-Japan Economic Cooperation Committee on October 31. He told them that the member of Japanese business associations operating in HCM City is the largest compared to other nations.To facilitate their investment, HCM City [...] The post HCM City – an attractive destination for Japanese investors appeared first on Vietnam Business News.

Housing prices return to the level of 7 year ago Posted: 31 Oct 2013 07:38 PM PDT Housing prices in Vietnam have fallen by up to 50% in many projects to the level in 2006, reports local newswire Tri Thuc Tre citing sources from the Ministry of Construction…. The real estate market in 2013 started to see some positive signs such as market confidence is rising, segments of social housing and completed [...] The post Housing prices return to the level of 7 year ago appeared first on Vietnam Business News.

Stretched VN prepares for energy imports Posted: 31 Oct 2013 07:36 PM PDT  Viet Nam will likely have to import crude oil and coal by 2015 due to high rising power demands and restricted mineral resources. The assessment was made by Nguyen Van Long, deputy director of the Ministry of Industry and Trade’s Science, Technology and Power Saving Department Long anticipated that power consumption demands in the country [...] The post Stretched VN prepares for energy imports appeared first on Vietnam Business News.

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