The Business Times: 90% of Vietnamese tea exported in raw form

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• 90% of Vietnamese tea exported in raw form
• Turning up the cable TV market
• Starbucks moves ahead with plan to open more shops in Vietnam
• Vietnam c.bank net withdraws vnd60bln via OMO on nov 29
• 1.470tr dong of G-bond raised on November 28
• Capital construction debts tumble
• Banks seek attraction of small traders for loans
• Banking sector tops list of 1000 biggest tax payers
• Compulsory bank restructuring spares no one
• Vietinbank launches new ATM withdrawal service

90% of Vietnamese tea exported in raw form Posted: 01 Dec 2013 07:25 PM PST Ministry of Industry and Trade's Market Department Deputy Head Le Viet Nga has revealed Vietnam's export tea price is significantly lower than the average global price, attributing it to more than 90% of tea volumes being exported in the form of raw materials. Nga says despite Vietnam's position among the top five tea producers and ranking [...] The post 90% of Vietnamese tea exported in raw form appeared first on Vietnam Business News.

Turning up the cable TV market Posted: 01 Dec 2013 07:23 PM PST Vietnam's cable television market will soon see a number of changes. According to the Authority of Broadcasting and Electronic Information, under the Ministry of Information and Communications (MIC), Vietnam is home to 26 cable television service providers, and 19 others are in the pipeline awaiting approval. Of the latter, some are targeting just one location [...] The post Turning up the cable TV market appeared first on Vietnam Business News.

Starbucks moves ahead with plan to open more shops in Vietnam Posted: 01 Dec 2013 07:22 PM PST While analysts believe that Starbucks has bogged down in Vietnam with third poorly patronized shops, the representative of the US giant affirms that hundreds of Starbucks shops will be opened in the Vietnamese market. Patricia Marques, CEO of Starbucks Vietnam, has affirmed that the US coffee chain still has been developing well in Vietnam and [...] The post Starbucks moves ahead with plan to open more shops in Vietnam appeared first on Vietnam Business News.

Vietnam c.bank net withdraws vnd60bln via OMO on nov 29 Posted: 01 Dec 2013 07:21 PM PST As of November 29, the total outstanding loans on OMO were VND448 billion. On the day, SBV issued VND1,994 billion Treasury bills and there were VND4,000 billion T-bills falling due. From Mar 15, 2012 to date, the central bank issued in total VND399.557 trillion T-bills, of which VND356.675 trillion T-bills have matured and VND42.882 trillion T-bills have [...] The post Vietnam c.bank net withdraws vnd60bln via OMO on nov 29 appeared first on Vietnam Business News.

1.470tr dong of G-bond raised on November 28 Posted: 01 Dec 2013 07:09 PM PST On November 28 2013, the Hanoi Stock Exchange (HNX) held an auction of government-backed bond issued the Vietnam State Treasury. The auction has a total bid call volume of 3 trillion dong with four tenors of two years (1 trillion dong), three years (500 billion dong), five years (500 billion dong) and ten years (1 [...] The post 1.470tr dong of G-bond raised on November 28 appeared first on Vietnam Business News.

Capital construction debts tumble Posted: 01 Dec 2013 07:05 PM PST Debts owed by the State to developers of capital construction projects had declined sharply as of the middle of this year, according to a report the Government has sent to the National Assembly. Minister of Planning and Investment Bui Quang Vinh in the report said that capital construction debts from the State budget and government [...] The post Capital construction debts tumble appeared first on Vietnam Business News.

Banks seek attraction of small traders for loans Posted: 01 Dec 2013 07:03 PM PST Unable to offer more loans to businesses with unsettled bad debts, many banks in Ho Chi Minh City are switching into luring small traders at markets citywide to explore a customer segment they have long abandoned. The most remarkable difference between corporate and trader borrowers is that loans for the latter are often of small [...] The post Banks seek attraction of small traders for loans appeared first on Vietnam Business News.

Banking sector tops list of 1000 biggest tax payers Posted: 01 Dec 2013 07:01 PM PST Vietnam report 2013 reveals the banking and telecoms sectors remain the greatest tax contributors in this year’s list of 1,000 largest corporate income tax payers in Vietnam (V1000), making up 23.4% and 16.7% respectively of all tax. Total taxes contributed by V1000 reached VND77,000 billion this year, 42% higher than last year's level. The PetroVietnam [...] The post Banking sector tops list of 1000 biggest tax payers appeared first on Vietnam Business News.

Compulsory bank restructuring spares no one Posted: 01 Dec 2013 07:01 PM PST The State Bank of Vietnam has announced that besides the nine weak commercial banks which are undergoing the restructuring process, it has found another 8 weak credit institutions for the compulsory restructuring. The post-hot growth period Vietnam once experienced the period when the annual credit growth rate was as high as 30-40 percent, which helped [...] The post Compulsory bank restructuring spares no one appeared first on Vietnam Business News.

Vietinbank launches new ATM withdrawal service Posted: 01 Dec 2013 06:59 PM PST Vietinbank launched a new service on Monday enabling customers to withdraw money from automated teller machines (ATMs) with registered codes instead of bank cards. Another service, ATM Deposit, allows card users to deposit money at the machines without having to go to the bank. The bank also provides MPOS (mobile point-of-sale), Merchant Online and E-Fast [...] The post Vietinbank launches new ATM withdrawal service appeared first on Vietnam Business News.

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