The Business Times: Gas hike casts doubt on monopoly

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• Gas hike casts doubt on monopoly
• NPL growth is slowing down: deputy governor Le Minh Hung
• SBV: Outstanding loans increased 7.54% as of nov 25
• VND177.5 trillion G-Bonds issued in 11 months
• WB: Vietnam banking sector still very fragile
• Vietnam c.bank net withdraws vnd58bln via OMO on dec 2
• SBV governor approves to add operation licenses of SeABank and SHB
• Government press conference: Credit growth reached 7.21% as of nov 20

Gas hike casts doubt on monopoly Posted: 02 Dec 2013 08:55 PM PST The large hike in gas prices beginning on December 1 has shocked many local consumers, while experts pointed to it as a sign of the existence of a monopoly. Prices have increased by VND44,000 (US$2.2) since June, but following this most recent price hike, consumers must pay another VND80,000 (nearly $4) per canister (12kg), making [...] The post Gas hike casts doubt on monopoly appeared first on Vietnam Business News.

NPL growth is slowing down: deputy governor Le Minh Hung Posted: 02 Dec 2013 08:53 PM PST At the Vietnam Business Forum 2013 held on December 3, 2013, the State Bank of Vietnam (SBV)'s Deputy Governor Le Minh Hung said that the growth rate of bad debts in the first 9 months of 2013 is slowing down, local newswire Tri Thuc Tre reported. According to the State Bank of Vietnam (SBV)'s Deputy [...] The post NPL growth is slowing down: deputy governor Le Minh Hung appeared first on Vietnam Business News.

SBV: Outstanding loans increased 7.54% as of nov 25 Posted: 02 Dec 2013 08:51 PM PST According to the State Bank of Vietnam (SBV)'s Deputy Governer Nguyen Dong Tien at the government press conference meeting on December 2, 2013, outstanding loans as of November 25 increased 7.54% compared to end of 2012. Regarding the data on outstanding loans, the Deputy Governor Nguyen Dong Tien there may be a certain discrepancy at [...] The post SBV: Outstanding loans increased 7.54% as of nov 25 appeared first on Vietnam Business News.

VND177.5 trillion G-Bonds issued in 11 months Posted: 02 Dec 2013 08:50 PM PST Approximately VND 177.5 trillion of government bonds have been issued in 11 months of 2013, local newswire Tri Thuc Tre reported, citing the statistics from the Vietnam Securities Depository (VSD). In particular, the State Treasury issued approximately VND134 trillion including VND 49.2 trillion bonds issued for the first time and VND84.8 trillion bonds issued additionally. [...] The post VND177.5 trillion G-Bonds issued in 11 months appeared first on Vietnam Business News.

WB: Vietnam banking sector still very fragile Posted: 02 Dec 2013 08:49 PM PST That remark was made by the World Bank (WB) in a press conference to update on the development of Vietnam’s economy in 2013 on December 2, 2013, local newswire Tri Thuc Tre reported. Specifically, the World Bank said that Vietnam's debt classification is not in accordance with international standards. If properly done, the figure will [...] The post WB: Vietnam banking sector still very fragile appeared first on Vietnam Business News.

Vietnam c.bank net withdraws vnd58bln via OMO on dec 2 Posted: 02 Dec 2013 08:48 PM PST The State Bank of Vietnam (SBV) pumped VND170 billion through open market operation (OMO) while withdrew VND228 billion, resulting in net withdrawal of VND58 billion on Dec 2, 2013, local newswire NDH reported, citing data from SSI Research. As of December 2, the total outstanding loans on OMO were VND390 billion. On the day, SBV issued [...] The post Vietnam c.bank net withdraws vnd58bln via OMO on dec 2 appeared first on Vietnam Business News.

SBV governor approves to add operation licenses of SeABank and SHB Posted: 02 Dec 2013 08:47 PM PST On November 28 2013, Governor of the State Bank of Vietnam (SBV) issued decisions on adding the operation licenses of Southeast Asia Commercial Joint Stock Bank (SeABank) and Saigon – Hanoi Commercial Joint Stock Bank (SHB)…. On November 28 2013, Governor of the State Bank of Vietnam (SBV) issued Decision No. 2764/QD-NHNN on adding the [...] The post SBV governor approves to add operation licenses of SeABank and SHB appeared first on Vietnam Business News.

Government press conference: Credit growth reached 7.21% as of nov 20 Posted: 02 Dec 2013 08:46 PM PST According to the document in the government press conference meeting on Dec 2, 2013, outstanding credit to the economy as of Nov 20 was estimated at 7.21% compared with Dec 2012 (same period increased by 3.5%), local newswire Tri Thuc Tre reported. Credit institutions have improved liquidity and healthier activities. Deposit interest rates fell 2 [...] The post Government press conference: Credit growth reached 7.21% as of nov 20 appeared first on Vietnam Business News.

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