The Business Times: Losing customers, mobile network operators down 3G fees again

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• Losing customers, mobile network operators down 3G fees again
• Vietnam see higher trade surplus
• Vietnam retail sales and service turnovers increase 12.6% in 2013: GSO
• Property market gloomy in 2013, gloomier in 2014
• Retail real estate set to prosper
• Sacombank’s credit growth exceeds 12pct in 11 months
• Banks rush to sell bad debts to VAMC
• Central bank pinpoints more weak banks
• Remittance flow swells for Tet
• Dec 24: Vietnam central bank keeps dollar exchange at vnd21,036

Losing customers, mobile network operators down 3G fees again Posted: 24 Dec 2013 12:23 AM PST Mobile network operators, which, ignoring users' complaints in deciding on raising 3G service fees two months ago, have cut down the fee again in an effort to retain 3G subscribers. The battle of wits between network operators and customers continues. Le Tung in Cau Giay district in Hanoi has received a message from a network […] The post Losing customers, mobile network operators down 3G fees again appeared first on Vietnam Business News.

Vietnam see higher trade surplus Posted: 24 Dec 2013 12:21 AM PST 2013 is the second consecutive year Vietnam has produced a high trade surplus estimated at US$863 million. While the domestic sector faces a trade deficit of US$13.1 billion, the foreign direct investment (FDI) sector enjoys a trade surplus of nearly US$14 billion as it was mainly focused on manufacturing and assembling products with low added […] The post Vietnam see higher trade surplus appeared first on Vietnam Business News.

Vietnam retail sales and service turnovers increase 12.6% in 2013: GSO Posted: 24 Dec 2013 12:20 AM PST Vietnam's total retail sales and service revenues were estimated to have increased by 12.6% on year to VND2,618 trillion ($123.4 billion) 2013- the lowest growth level in 4 recent years, the General Statistics Office (GSO) said in its website. The rise would be 5.6% if price hike is excluded, GSO said. Of the sum, the […] The post Vietnam retail sales and service turnovers increase 12.6% in 2013: GSO appeared first on Vietnam Business News.

Property market gloomy in 2013, gloomier in 2014 Posted: 24 Dec 2013 12:17 AM PST While some institutions believe that the Vietnamese real estate market would recover soon after it bottomed out, others think that it is too early to talk about the market recovery. Pessimism prevails in the market The New York Times has recently published an article showing a very promising outlook of the Vietnamese real estate market […] The post Property market gloomy in 2013, gloomier in 2014 appeared first on Vietnam Business News.

Retail real estate set to prosper Posted: 23 Dec 2013 08:17 PM PST Retail real estate has performed well both globally and regionally during 2013 and this is expected to continue into 2014. CBRE Vietnam executive director Richard Leech sees that the segment is bucking the downward trend. Retail is often regarded as the most exciting of all the real estate sectors, and requires specialised knowledge from sales […] The post Retail real estate set to prosper appeared first on Vietnam Business News.

Sacombank’s credit growth exceeds 12pct in 11 months Posted: 23 Dec 2013 08:14 PM PST Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank – STB) has held the 22nd anniversary of its establishment (December 21 1991 – December 21 2013). According to Pham Huu Phu, chair of Sacombank's director board, Sacombank has always maintained a pioneering position in the group of commercial banks. To date, the bank has chartered capital […] The post Sacombank's credit growth exceeds 12pct in 11 months appeared first on Vietnam Business News.

Banks rush to sell bad debts to VAMC Posted: 23 Dec 2013 08:12 PM PST Commercial banks are lining up to sell bad debts to Vietnam Asset Management Co (VAMC) to prepare for the implementation of the Circular No 02, effective from June 1, 2014. Commercial banks are lining up to sell bad debts to Vietnam Asset Management Co (VAMC) to prepare for the implementation of the Circular No 02, […] The post Banks rush to sell bad debts to VAMC appeared first on Vietnam Business News.

Central bank pinpoints more weak banks Posted: 23 Dec 2013 08:10 PM PST The central State Bank of Vietnam has identified some more weak banks and is closely supervising operations of those banks, said the central bank's chief inspector Nguyen Huu Nghia at a review meeting on Wednesday. According to Nghia, those banks have been asked to map out restructuring plans. All restructuring plans of weak banks, including […] The post Central bank pinpoints more weak banks appeared first on Vietnam Business News.

Remittance flow swells for Tet Posted: 23 Dec 2013 08:08 PM PST Remittances are on the rise ahead of the Lunar New Year in Vietnam. It is expected to post an increase of 35 percent to nearly 11 billion USD for the whole year, industry insiders have said. In Ho Chi Minh City, remittance inflows will be roughly 4.8 billion USD against 4.1 billion USD last year, […] The post Remittance flow swells for Tet appeared first on Vietnam Business News.

Dec 24: Vietnam central bank keeps dollar exchange at vnd21,036 Posted: 23 Dec 2013 08:07 PM PST Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Tuesday, unchanged for nearly 6 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, commercial banks lowered dollar prices by […] The post Dec 24: Vietnam central bank keeps dollar exchange at vnd21,036 appeared first on Vietnam Business News.

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