The Business Times: Vietnam”s dong is third most stable currency in Asia: HSBC exec

---

• Vietnam”s dong is third most stable currency in Asia: HSBC exec
• Vietnam expected to rake in $25 bln by year-end
• Southern Bank reported vnd226 billion after-tax profit in 9 months
• Tien Giang ships 160,000 tonnes of rice abroad
• Losses reported in auto insurance operations
• Market securities firms safeguard Q3 profits
• Condo division not a wise solution: experts
• Ten-month rice export rakes in nearly 2.5 billion USD
• PM encourages stronger Vietnam-Africa cooperation
• Viet Nam – Brazil trade sees strong growth

Vietnam”s dong is third most stable currency in Asia: HSBC exec Posted: 04 Nov 2013 08:53 PM PST Vietnam's dong has been the third most stable Asian currency this year, depreciating by just 1.5 percent against the US dollar, HSBC’s Vietnam chief said. News website Saigon Times quoted Sumit Dutta as saying at a conference on Vietnam's economic outlook November 30 that his estimate was based on Bloomberg data. The US Federal Reserve”s [...] The post Vietnam”s dong is third most stable currency in Asia: HSBC exec appeared first on Vietnam Business News.

Vietnam expected to rake in $25 bln by year-end Posted: 04 Nov 2013 08:52 PM PST The disbursement of foreign direct investment (FDI) and official development assistance (ODA) capitals, plus overseas remittances, is forecast to surge to $25 billion by the end of 2013, according to the national financial watchdog. The local foreign exchange market rates has remained relatively stable since the beginning of the year, with only a few small [...] The post Vietnam expected to rake in $25 bln by year-end appeared first on Vietnam Business News.

Southern Bank reported vnd226 billion after-tax profit in 9 months Posted: 04 Nov 2013 08:51 PM PST Southern Commercial JS Bank has released the financial report for Quarter 3, which shows after-tax profits in Q3 of VND36 bln, less than one third of Q3/2012 and in 9 months of VND226 bln, a decrease of 7.6%, local newswire Tri Thuc Tre reported. In which, Southern Bank's net interest income in Q3 and 9 [...] The post Southern Bank reported vnd226 billion after-tax profit in 9 months appeared first on Vietnam Business News.

Tien Giang ships 160,000 tonnes of rice abroad Posted: 04 Nov 2013 08:46 PM PST The Mekong Delta province of Tien Giang has so far this year exported nearly 160,000 tonnes of rice at an average price of 429.47 USD a tonne, fetching about 67.9 million USD. According to the provincial Department of Agriculture and Rural Development, during the winter-spring and summer-autumn crops, local enterprises bought 184,000 tonnes of rice [...] The post Tien Giang ships 160,000 tonnes of rice abroad appeared first on Vietnam Business News.

Losses reported in auto insurance operations Posted: 04 Nov 2013 08:44 PM PST A majority of 29 non-life insurance firms have posted losses in the motor vehicle insurance market, especially physical auto insurance, over the years due to unhealthy competition, said Phung Dac Loc, general secretary of the Vietnam Insurance Association. After insurance firms allocate revenue quotas to branches, those branches use all kinds of means to lure [...] The post Losses reported in auto insurance operations appeared first on Vietnam Business News.

Market securities firms safeguard Q3 profits Posted: 04 Nov 2013 08:42 PM PST The number of listed securities companies which saw profits in the third quarter this year increased strongly over the second quarter. Out of 28 listed companies on the Ha Noi and HCM City exchanges which announced their quarterly financial reports, 18 earned profits this quarter in comparison with 11 companies in the second quarter and 63 per [...] The post Market securities firms safeguard Q3 profits appeared first on Vietnam Business News.

Condo division not a wise solution: experts Posted: 04 Nov 2013 08:41 PM PST Some experts have cast doubt on the success of real estate enterprises' reduction of condo sizes to clear stockpiles, saying that the solution may only help reduce financial burden of homebuyers while it still fails to drag down house prices. The current Housing Law requires commercial apartments to be at least 45 square meters each. [...] The post Condo division not a wise solution: experts appeared first on Vietnam Business News.

Ten-month rice export rakes in nearly 2.5 billion USD Posted: 04 Nov 2013 08:40 PM PST Vietnam exported over 5.7 million tonnes of rice for nearly 2.5 billion USD in the first ten months of this year, according to the Vietnam Food Association (VFA). The export volume included more than 537,000 tonnes shipped in October, about 10,500 tonnes higher than total shipments in the previous month. However, the price of rice [...] The post Ten-month rice export rakes in nearly 2.5 billion USD appeared first on Vietnam Business News.

PM encourages stronger Vietnam-Africa cooperation Posted: 04 Nov 2013 08:38 PM PST Vietnam and Middle East and North African countries have great advantages and potential for boosting effective cooperation in the future, Prime Minister Nguyen Tan Dung has said. Addressing an international forum in Hanoi on November 4, Dung noted Vietnam is an ideal investment destination, with a stable socio-political environment, a lucrative market of about 90 [...] The post PM encourages stronger Vietnam-Africa cooperation appeared first on Vietnam Business News.

Viet Nam – Brazil trade sees strong growth Posted: 04 Nov 2013 08:37 PM PST HA NOI (VNS)— Two-way trade between Viet Nam and Brazil in the first three quarters of this year hit US$1.66 billion, up 27 per cent over the same period last year and more than the whole of 2012. Viet Nam’s exports to the Latin American country fetched almost $849 million, a year-on-year increase of 42 [...] The post Viet Nam – Brazil trade sees strong growth appeared first on Vietnam Business News.

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610