The Business Times: New brewery factory inaugurated in Thai Binh province

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• New brewery factory inaugurated in Thai Binh province
• Ministry judges anti-dumping measures against steel imports
• Bank card information at risk
• Shares gain on liquidity growth
• Retail sector eyes growth opportunities
• Dec 9: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate down
• Vietnam c.bank net withdraws vnd1,153 bln via OMO in week of dec 2-6
• Bad debt settlement should be promoted, BIDV suggests
• Vietinbank targets bad debt ratio below 1%
• Fake and suspected fake banknotes to be sequestered

New brewery factory inaugurated in Thai Binh province Posted: 08 Dec 2013 07:44 PM PST The Hanoi Beer, Alcohol and Beverage Joint Stock Corporation (Habeco) on December 8 inaugurated its brewery factory in Song Tra industrial zone in the northern province of Thai Binh. The Hanoi – Thai Binh Brewery Factory, managed by a Habeco's affiliate, the Hanoi – Thai Binh Beer JSC, is designed to produce 50 million litres [...] The post New brewery factory inaugurated in Thai Binh province appeared first on Vietnam Business News.

Ministry judges anti-dumping measures against steel imports Posted: 08 Dec 2013 07:41 PM PST The decision by the Competition Administration Department (CAD) under the Ministry of Industry and Trade (MOIT) on applying anti-dumping measures against the steel imports from four markets–has put Vietnamese manufacturers on tenterhooks. In late May 2013, CAD received a petition from Posco VST and Inox Hoa Binh JSC, requesting to take a probe and apply [...] The post Ministry judges anti-dumping measures against steel imports appeared first on Vietnam Business News.

Bank card information at risk Posted: 08 Dec 2013 07:40 PM PST With security threats becoming more sophisticated, banks needed to ensure security of payment card data, delegates told a seminar in HCM City last week. Bui Quang Tien, director of the State Bank of Viet Nam’s Payment Department, said that commercial banks in the past few years had implemented several measures, including investments to modernise their [...] The post Bank card information at risk appeared first on Vietnam Business News.

Shares gain on liquidity growth Posted: 08 Dec 2013 07:39 PM PST Shares managed to creep up last week on both national stock exchanges. The VN-Index rose by 0.46 per cent to 51.12 points, while the HNX-Index in Ha Noi advanced 1.38 per cent to 66.09 points. On the southern bourse, trading volume averaged 99.5 million shares with an average value of VND1.343 trillion (US$63.85 million). The [...] The post Shares gain on liquidity growth appeared first on Vietnam Business News.

Retail sector eyes growth opportunities Posted: 08 Dec 2013 07:38 PM PST Modern retail channels in Viet Nam are anticipating strong and diversified development next year, said Dinh Thi My Loan, chairwoman of the Viet Nam Retailers Association (VRA). Statistics from the association indicated that modern retailing accounted for only 25 per cent of the country’s total, thus offering great potential for retailers. The rates in the [...] The post Retail sector eyes growth opportunities appeared first on Vietnam Business News.

Dec 9: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate down Posted: 08 Dec 2013 07:37 PM PST Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Monday, unchanged for more than 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 lowered [...] The post Dec 9: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate down appeared first on Vietnam Business News.

Vietnam c.bank net withdraws vnd1,153 bln via OMO in week of dec 2-6 Posted: 08 Dec 2013 07:35 PM PST During the week, the State Bank of Vietnam (SBV) net withdrew VND1,153bln via OMO, local newswire NDH reported, citing data from SSI Research. On December 6, 2013, SBV pumped VND101 billion through open market operation (OMO) and also withdrew VND70 billion, resulting in net injection of VND31 billion. As of December 6, the total outstanding [...] The post Vietnam c.bank net withdraws vnd1,153 bln via OMO in week of dec 2-6 appeared first on Vietnam Business News.

Bad debt settlement should be promoted, BIDV suggests Posted: 08 Dec 2013 07:33 PM PST Research centre of BIDV has announced a report on macroeconomic situation forecast in 2014, especially emphasis on forecasts and recommendations on monetary policy, interest rates, exchange rate and bad debt. Research centre of Commercial Joint Stock Bank for Investment and Development of Vietnam (BIDV) has announced a report on macroeconomic situation forecast in 2014, especially [...] The post Bad debt settlement should be promoted, BIDV suggests appeared first on Vietnam Business News.

Vietinbank targets bad debt ratio below 1% Posted: 08 Dec 2013 07:32 PM PST Vietnam Bank for Industry and Trade (VietinBank) is looking to cut its bad debt ratio to less than 1% at the year-end, said VietinBank chairman Pham Huy Hung. The lender is trying to settle bad debt by using risk provisions to improve asset quality. While other large State-owned banks such as Vietcombank, BIDV and Agribank [...] The post Vietinbank targets bad debt ratio below 1% appeared first on Vietnam Business News.

Fake and suspected fake banknotes to be sequestered Posted: 08 Dec 2013 07:31 PM PST The State Bank of Vietnam (SBV) today issued a circular to allow local banks to sequester counterfeit and suspected counterfeit Vietnam banknotes. The document will come into effect as of January 20, 2014. According to the definition of the SBV, a counterfeit banknote is the one that is not approved and issued by the SBV, [...] The post Fake and suspected fake banknotes to be sequestered appeared first on Vietnam Business News.

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