The Business Times: Farmers barely benefit from higher rice prices

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• Farmers barely benefit from higher rice prices
• Formula milk prices rise again, import price uncontrollable
• Canadian businesses seek to invest in Vietnam
• Dec 5: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate up
• Vietnam’s state budget deficit hits vnd167tln by end of Nov: MOF
• HCM City forecasts credit growth of 9% this year
• Vietnam C.bank issues vnd2,044bln t-bills on december 4
• Banks stand fast on quality of credit
• Maritime bank mobilized vnd1 trillion by bonds
• Vietnam state firm debts nearly half of 2012 GDP: report

Farmers barely benefit from higher rice prices Posted: 04 Dec 2013 08:28 PM PST Local and export prices of rice are on the increase towards the year-end after the Vietnam Food Association (VFA) announced it had won a tender to ship 500,000 tons of rice to the Philippines, but farmers are not benefiting as their stocks have been Local and export prices of rice are on the increase towards [...] The post Farmers barely benefit from higher rice prices appeared first on Vietnam Business News.

Formula milk prices rise again, import price uncontrollable Posted: 04 Dec 2013 08:27 PM PST The newly released decision by the Ministry of Finance which aims to tighten the control over formula milk prices remains unhelpful: a new price increase wave has begun. New price hike foreseeable Under the decision, the formula milk products for children up to 36 months old, the dairy products and milk-containing nutrition products, liquid or [...] The post Formula milk prices rise again, import price uncontrollable appeared first on Vietnam Business News.

Canadian businesses seek to invest in Vietnam Posted: 04 Dec 2013 08:23 PM PST The Vietnamese Government is willing to create favourable conditions for foreign investors, including those from Canada, to operate successfully in Vietnam , Deputy Prime Minister Vu Van Ninh has said. The Deputy PM reiterated the statement during meetings with representatives from 30 leading Canadian businesses in Toronto on December 3 as part of his visit [...] The post Canadian businesses seek to invest in Vietnam appeared first on Vietnam Business News.

Dec 5: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate up Posted: 04 Dec 2013 07:53 PM PST Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Thursday, unchanged for 5 months. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,246. Today, majority of commercial banks raised dollar prices [...] The post Dec 5: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate up appeared first on Vietnam Business News.

Vietnam’s state budget deficit hits vnd167tln by end of Nov: MOF Posted: 04 Dec 2013 07:51 PM PST Vietnam's state budget deficit was estimated to have surpassed VND167 trillion ($7.9 billion) in the first 11 months this year, according to the Ministry of Finance (MoF), the local baodanviet.vn reported. The figure is 3.6% higher than the initial whole year plan set at the beginning of the year (VND162 trillion) and meeting 85.8% of [...] The post Vietnam's state budget deficit hits vnd167tln by end of Nov: MOF appeared first on Vietnam Business News.

HCM City forecasts credit growth of 9% this year Posted: 04 Dec 2013 07:50 PM PST Hochiminh City expects that total outstanding loans of credit institutions in the city at the end of 2013 will reach VND952,550 billion, an increase of 9% compared to the end of 2012, local newspaper Saigon Economic Times reported. The number is from the newest draft report on economy-culture-society in 2013 of Hochiminh City People's Committee [...] The post HCM City forecasts credit growth of 9% this year appeared first on Vietnam Business News.

Vietnam C.bank issues vnd2,044bln t-bills on december 4 Posted: 04 Dec 2013 07:48 PM PST The State Bank of Vietnam (SBV) pumped no money through open market operation (OMO) while issued VND2,044 billion Treasury bills on on Dec 4, 2013, local newswire NDH reported, citing data from SSI Research. As of December 4, the total outstanding loans on OMO were VND618 billion. On the day, SBV issued VND2,044 billion Treasury [...] The post Vietnam C.bank issues vnd2,044bln t-bills on december 4 appeared first on Vietnam Business News.

Banks stand fast on quality of credit Posted: 04 Dec 2013 07:47 PM PST Banks are holding firm on their decision not to lend to unreliable creditors despite modest credit growth and the year coming to a close. More than a month has passed since the State Bank of Vietnam (SBV) green-lighted banks to lend to firms with bad credit if they have feasible investment projects and most bank [...] The post Banks stand fast on quality of credit appeared first on Vietnam Business News.

Maritime bank mobilized vnd1 trillion by bonds Posted: 04 Dec 2013 07:46 PM PST Vietnam Maritime Commercial Joint Stock Bank (Maritime Bank) has just successfully mobilized about VND1 trillion by bonds, making it the forth bank using bonds to raise capital in 2013, local newswire Dau tu Chung khoan reported. The previous banks are VPBank, HDBank and BIDV. In 2012, BIDV was the only bank to do so. According [...] The post Maritime bank mobilized vnd1 trillion by bonds appeared first on Vietnam Business News.

Vietnam state firm debts nearly half of 2012 GDP: report Posted: 04 Dec 2013 07:45 PM PST Debts in Vietnam’s state-owned sector hit nearly VND1,350 trillion (US$64.1 billion) in 2012, up 6 percent from the previous year and amounting to nearly half the country’s GDP, according to a government report . Among 127 corporate groups and corporations, the oil and gas group PetroVietnam ran up the largest debt of VND124 trillion, according [...] The post Vietnam state firm debts nearly half of 2012 GDP: report appeared first on Vietnam Business News.

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