The Business Times: Fruit, vegetable exports earn US$1 billion

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• Fruit, vegetable exports earn US$1 billion
• MARD’s coffee coordination committee make firms tremble with fear
• Textiles to reap TPP gains
• Forex stability remains key to ensuring sustainable growth
• Intrigue surrounds Agribank’s sale of AJC
• BIDV subsidiary company opens seventh branch in Cambodia
• Lenders eye end-of-year credit targets
• SBV’’s Governor: 9 weakest banks completely handled
• Dec 23: Vietnam gold little changes at vnd35.2mln/tael, dollar stable
• Techcombank’s charter capital in operating license amended

Fruit, vegetable exports earn US$1 billion Posted: 23 Dec 2013 12:17 AM PST Fruit and vegetable exports were estimated at US$1 billion by mid-December, according the General Department of Customs' report. The figure was 27 percent higher than over last year, especially in the context that the earnings from other agricultural products declined in terms of both quality and price. Vietnam's fruits and vegetables are on sale in […] The post Fruit, vegetable exports earn US$1 billion appeared first on Vietnam Business News.

MARD’s coffee coordination committee make firms tremble with fear Posted: 23 Dec 2013 12:16 AM PST The presence of foreigners in the coffee coordination committee, who now work for international coffee groups, has raised the worry that the Vietnamese coffee industry would be swayed by foreigners. Established under the Decision No. 1729 by the Ministry of Agriculture and Rural Development (MARD) dated July 30, 2013, the names of the committee's members […] The post MARD's coffee coordination committee make firms tremble with fear appeared first on Vietnam Business News.

Textiles to reap TPP gains Posted: 23 Dec 2013 12:15 AM PST Of all the industries in Viet Nam, the garment and textile sector will benefit the most when the country becomes a signatory of the Trans-Pacific Strategic Economic Partnership agreement, a top economist has said. Vo Tri Thanh, vice director of the Central Institute for Economic Management, said the TPP would bring many opportunities to the […] The post Textiles to reap TPP gains appeared first on Vietnam Business News.

Forex stability remains key to ensuring sustainable growth Posted: 23 Dec 2013 12:03 AM PST Prime Minister Nguyen Tan Dung has required the State Bank to continue stabilise the dong's exchange rate in 2014. At a year-end banking sector conference last week, the prime minister asked the State Bank to maintain the dong's exchange rate within a 1-2 per cent band during 2014. This contrasted with some earlier forecasts that […] The post Forex stability remains key to ensuring sustainable growth appeared first on Vietnam Business News.

Intrigue surrounds Agribank’s sale of AJC Posted: 23 Dec 2013 12:02 AM PST Agribank's attempt to divest from Agribank Gold Corporation has attracted interest and controversy as the latter seeks to resist the deal and confusion remains over Agribank's motives. Agribank has required its ownership representative at Agribank Gold Corporation (AJC) to outline a plan to divest itself entirely from AJC, according to reliable sources. However, an AJC […] The post Intrigue surrounds Agribank's sale of AJC appeared first on Vietnam Business News.

BIDV subsidiary company opens seventh branch in Cambodia Posted: 23 Dec 2013 12:01 AM PST The Bank for Investment and Development of Cambodia (BIDC), a subsidiary company from the Bank for Investment and Development of Vietnam (BIDV) inaugurated its seventh branch in Cambodia on December 22. The new branch office is located in Mean Chey district – an important economic sector of Phnom Penh where many Vietnamese businesses are involved […] The post BIDV subsidiary company opens seventh branch in Cambodia appeared first on Vietnam Business News.

Lenders eye end-of-year credit targets Posted: 23 Dec 2013 12:00 AM PST The State Bank of Viet Nam has deflated banks’ hopes of achieving the credit growth target by lending at low rates to prime customers, warning it will penalise those lending at below deposit interest rates. The central bank fears that the low interest rates some banks are offering could spark off unhealthy business practices. But […] The post Lenders eye end-of-year credit targets appeared first on Vietnam Business News.

SBV’’s Governor: 9 weakest banks completely handled Posted: 22 Dec 2013 11:59 PM PST Nine weakest banks in the system have been completely handled, local newspaper Dien dan Doanh nghiep reported citing the State Bank of Vietnam (SBV)'s Governor in an interview on December 22, 2013. The Governor said that the system plan is a long route from 2011 to 2020, in which the middle point is 2015. According […] The post SBV’'s Governor: 9 weakest banks completely handled appeared first on Vietnam Business News.

Dec 23: Vietnam gold little changes at vnd35.2mln/tael, dollar stable Posted: 22 Dec 2013 11:58 PM PST Today Vietnam gold was little change since last weekend, moving around VND35.2 million per tael. World gold rose in New York last Friday night but eased in Asia trade this morning, being on track for its largest annual loss in 32 years. Hochiminh was traded at VND35.10 million/tael for bid and VND35.20 million/tael for ask, […] The post Dec 23: Vietnam gold little changes at vnd35.2mln/tael, dollar stable appeared first on Vietnam Business News.

Techcombank’s charter capital in operating license amended Posted: 22 Dec 2013 11:56 PM PST On December 19, 2013, the State Bank of Vietnam (SBV)'s Governor issued Decision No. 2978/QD-NHNN on amending the charter capital recorded in the operating license of Vietnam Technological and Commercial Joint-stock Bank (Techcombank). Accordingly, the SBV's Governor decided to approve the revision of the charter capital recorded in Techcombank's operating license to VND8,878,078,710,000. This Decision […] The post Techcombank's charter capital in operating license amended appeared first on Vietnam Business News.

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