The Business Times: TienPhongBank officially becomes TPBank

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• TienPhongBank officially becomes TPBank
• Hanoi targets 8.5-9% economy growth in 2014
• Seafood companies eye Australia as potential growth opportunity
• Cement industry ships 14m tonnes
• Chinese exports to Vietnam: greater volumes, cheaper prices
• Dec 11: Vietnam gold rises to 3 week high at vnd35.74mln/tael, dollar stable
• EVN power monopoly to be short-circuited
• Pepper exports set to hit record high
• Shares continue ‘Santa Claus rally’
• Vietnam c.bank net withdraws vnd158bln via OMO on dec 10

TienPhongBank officially becomes TPBank Posted: 10 Dec 2013 11:10 PM PST On December 10, 2013, in Hanoi, Tien Phong Commercial Joint Stock Bank held a ceremony to launch its new brand identity, local newswire Tri Thuc Tre reported. The name Tien Phong Commercial Joint Stock Bank remains the same but its transaction name TienPhongBank transaction name is shortened into TPBank. The bank also has a new [...] The post TienPhongBank officially becomes TPBank appeared first on Vietnam Business News.

Hanoi targets 8.5-9% economy growth in 2014 Posted: 10 Dec 2013 11:08 PM PST The capital of Vietnam- Hanoi targets 8.5-9% economy growth in 2014, tienphong.vn reported. The capital also set the target of VND126.2 trillion ($6 billion) of budget collection; export values increases by 8.5-9% in 2014. The data was released at the meeting for 2014 socio-economic and budget collection plans held by the Hanoi people committee yesterday [...] The post Hanoi targets 8.5-9% economy growth in 2014 appeared first on Vietnam Business News.

Seafood companies eye Australia as potential growth opportunity Posted: 10 Dec 2013 11:06 PM PST Australian customers are buying more seafood from Viet Nam, especially shrimp and molluscs. Viet Nam is the third-largest seafood exporter to the Australian market, following New Zealand and China. A report from baodientu.chinhphu.vn, a Government online newspaper, said that Australia buys US$1 billion of 200,000 tonnes of seafood each year from importers. Of total seafood [...] The post Seafood companies eye Australia as potential growth opportunity appeared first on Vietnam Business News.

Cement industry ships 14m tonnes Posted: 10 Dec 2013 07:47 PM PST Viet Nam’s cement exports are expected to reach nearly 14 million tonnes in 2013, the highest level ever exported. According to the Industry and Trade newspaper, in the first 11 months of this year the country exported 12.5 million tonnes of cement, a year-on-year surge of nearly 65 per cent. Southeast Asia and the Middle [...] The post Cement industry ships 14m tonnes appeared first on Vietnam Business News.

Chinese exports to Vietnam: greater volumes, cheaper prices Posted: 10 Dec 2013 07:46 PM PST It is easy to explain why Chinese imports are flooding the Vietnamese market: they can be delivered quickly, in huge quantities, and at dirt-cheap prices. While agriculture is Vietnam's economic strength, the sector is now also full of produce imported from China, not to mention a heavy reliance on Chinese machinery, seeds, and fertilizers. Vietnam [...] The post Chinese exports to Vietnam: greater volumes, cheaper prices appeared first on Vietnam Business News.

Dec 11: Vietnam gold rises to 3 week high at vnd35.74mln/tael, dollar stable Posted: 10 Dec 2013 07:41 PM PST This morning, Vietnam gold recorded its highest level in 3 recent weeks after rising by VND330,000/tael versus yesterday close, following the world suit. Hochiminh was traded at VND35.68 million/tael for bid and VND35.74 million/tael for ask respectively as of 09:58 am, Hanoi time. SJC in the North quoted at VND35.68 million/tael for bid and VND35.76 [...] The post Dec 11: Vietnam gold rises to 3 week high at vnd35.74mln/tael, dollar stable appeared first on Vietnam Business News.

EVN power monopoly to be short-circuited Posted: 10 Dec 2013 07:40 PM PST Deputy Prime Minister Hoang Trung Hai has pledged that Vietnam would continue to reduce the Electricity of Vietnam's monopoly through the development of a competitive electricity market. Hai stated that the Vietnamese government would continue reforming state-owned Electricity of Vietnam (EVN) and the power market at the Vietnam Business Forum held in Hanoi lat week. [...] The post EVN power monopoly to be short-circuited appeared first on Vietnam Business News.

Pepper exports set to hit record high Posted: 10 Dec 2013 07:38 PM PST The Viet Nam Pepper Association said pepper exports are likely to be 130,000-135,000 tonnes this year for a record value of US$900 million, up 12 per cent from last year. In the first 10 months, 123,000 tonnes were exported for $817 million, an increase of 19.7 per cent in volume and 17.1 per cent in [...] The post Pepper exports set to hit record high appeared first on Vietnam Business News.

Shares continue ‘Santa Claus rally’ Posted: 10 Dec 2013 07:36 PM PST Benchmark indices continued to add value during yesterday’s session. The VN-Index on the HCM City Stock Exchange closed at 511.60 points, up 0.07 per cent, while the VN30 tracking the southern bourse’s leading shares lost 0.2 per cent to 572.13 points. Among the 30 blue chips represented by the VN30, losers overwhelmed gainers by 19-4. [...] The post Shares continue 'Santa Claus rally’ appeared first on Vietnam Business News.

Vietnam c.bank net withdraws vnd158bln via OMO on dec 10 Posted: 10 Dec 2013 07:32 PM PST The State Bank of Vietnam (SBV) pumped VND100 billion through open market operation (OMO) while withdrew VND258 billion, resulting in net withdrawal of VND158 billion on December 5, 2013, local newswire NDH reported, citing data from SSI Research. As of December 10, the total outstanding loans on OMO were VND471 billion. On the day, SBV [...] The post Vietnam c.bank net withdraws vnd158bln via OMO on dec 10 appeared first on Vietnam Business News.

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