The Business Times: Tuna export to EU rockets

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• Tuna export to EU rockets
• Ho Chi Minh City’s CPI up 0.17 percent in November
• Retailers worry as Vietnam opens market in 2015
• Vietnam bad debt issue not too serious: HSBC’s chief
• Corporate bond issuance: Near, far worries
• Prime minister: All NPLs to be resolved in 2015
• 20 banks sell debts to VAMC
• SOEs’ managers pocket big money and keep complaining about difficulties
• Ten months’ UK exports hit US$3.16 billion
• Vietnam’s economic restructuring under discussion

Tuna export to EU rockets Posted: 22 Nov 2013 11:23 PM PST Vietnam's tuna products shipped to the European market reported a respectable growth of 31 percent over the same period last year to reach 106 million USD during the first months of 2013, while exports to other major markets showed a decline. According to statistics by the Vietnam Association of Seafood Exporters and Producers (VASEP), the [...] The post Tuna export to EU rockets appeared first on Vietnam Business News.

Ho Chi Minh City’s CPI up 0.17 percent in November Posted: 22 Nov 2013 11:20 PM PST The consumer price index ( CPI ) of Ho Chi Minh City in November increased by 0.17 percent from the previous month and 4.97 percent year-on-year. Data from the municipal Statistics Department shows that the highest price increase was recorded in the groups of housing-power-water-fuel and construction materials at 0.58 percent. Meanwhile, the group of [...] The post Ho Chi Minh City's CPI up 0.17 percent in November appeared first on Vietnam Business News.

Retailers worry as Vietnam opens market in 2015 Posted: 22 Nov 2013 11:19 PM PST Vietnamese retailers have expressed concerns about the increasingly competitive retail market, as the country plans to open up to an influx of foreign retailers required by the World Trade Organisation (WTO) obligations, which will come into effect from January 11, 2015. Report by Dan Tri online newspaper. Under the WTO obligations, Vietnam will have to [...] The post Retailers worry as Vietnam opens market in 2015 appeared first on Vietnam Business News.

Vietnam bad debt issue not too serious: HSBC’s chief Posted: 22 Nov 2013 07:14 PM PST This is the opinion of HSBC Vietnam's General Director Sumit Dutta when comparing with Indonesia's non-performing loan (NPL) ratio during the financial crisis in Asia in 1997 – 1998, the Banking Times reported. During the financial crisis in Asia occurred in 1997 – 1998, Indonesia had NPL ratio in the banking system of more than [...] The post Vietnam bad debt issue not too serious: HSBC’s chief appeared first on Vietnam Business News.

Corporate bond issuance: Near, far worries Posted: 22 Nov 2013 07:12 PM PST The corporate bond issue must be taken into serious consideration regardless of being guaranteed by the Government or not. In 2011 when Vinashin announced in a statement that it would pay what it owed, a former knowledgeable insider wrote that “A bankrupt company is never capable of restructuring its own finance but it must rely [...] The post Corporate bond issuance: Near, far worries appeared first on Vietnam Business News.

Prime minister: All NPLs to be resolved in 2015 Posted: 22 Nov 2013 07:10 PM PST Prime Minister Nguyen Tan Dung confirmed the target of basically resolving all current non-performing loans (NPLs) in 2015 before the National Assembly despite high level of NPLs and many obstacles, local newspaper Dau Tu reported. The Prime Minister said the government has directed the State Bank to focus on simultaneously implementation of solutions to handle [...] The post Prime minister: All NPLs to be resolved in 2015 appeared first on Vietnam Business News.

20 banks sell debts to VAMC Posted: 22 Nov 2013 07:08 PM PST Vietnam Asset Management Company (VAMC) has cut deals to buy debts from 20 credit institutions, a source from the enterprise said. "We have bought total original debt of around VND17.7 trillion with around VND14 trillion worth of special bonds issued," the executive said. The total original debt minus risk provisions makes the special bond value. [...] The post 20 banks sell debts to VAMC appeared first on Vietnam Business News.

SOEs’ managers pocket big money and keep complaining about difficulties Posted: 22 Nov 2013 07:07 PM PST The managers of the state owned air carriers, power, petroleum and food corporations still can receive VND1 billion a year despite the bad business performance. In May 2012, Vietnam Airlines Corporation, after repeatedly complained about difficulties, proposed the Ministry of Finance to allow it to enjoy the preferential tax on air fuel. At that time, [...] The post SOEs' managers pocket big money and keep complaining about difficulties appeared first on Vietnam Business News.

Ten months’ UK exports hit US$3.16 billion Posted: 22 Nov 2013 06:41 PM PST Vietnam Customs and the General Statistics Office (GSO) report Vietnam's export turnover to the UK stood at US$3.16 billion ten months into 2013, a 32.2% improvement on the same period last year. Vietnam's key UK exports include telephones and spare parts, footwear, garments and textiles, timber, and coffee. Telephone and component exports' US$1.12 billion in [...] The post Ten months' UK exports hit US$3.16 billion appeared first on Vietnam Business News.

Vietnam’s economic restructuring under discussion Posted: 22 Nov 2013 06:39 PM PST Local and international experts attended a November 22 forum in Hanoi to discuss measures for accelerating and broadening Vietnam's ongoing economic restructuring. Themed "Growth Recovery and Economic Restructuring: Opportunities and Challenges", the Central Institute for Economic Management (CIEM) and the German Development Cooperation GIZ organised the forum as part of its Macroeconomic Reform Programme. Participants [...] The post Vietnam's economic restructuring under discussion appeared first on Vietnam Business News.

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