The Business Times: Vietnam ranks third in shrimp exports

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• Vietnam ranks third in shrimp exports
• Vietnam-South Africa trade rises 17% this year
• Ba Ria-Vung Tau boosts exports to Russia
• Nearly $25.5 billion FDI invested in central Vietnam
• Annual GDP growth projected to reach 5.42 per cent
• Retail real estate set to prosper
• Interbank interest rates and transactions on OMO sharply increase
• Foreign bank fined for slow disclosure
• EVN sells 5.25% stake at ABBank
• Overseas remittances likely to hit US$11 billion

Vietnam ranks third in shrimp exports Posted: 25 Dec 2013 10:36 PM PST Vietnam has secured third place among the world's shrimp exporters this year with a total value of US$2.5 billion, representing a yearly rise of nearly 33% and accounting for 44% of the total aquatic export turnover. The figures were released by the Directorate of Fisheries at a conference on December 24 to review the sector's […] The post Vietnam ranks third in shrimp exports appeared first on Vietnam Business News.

Vietnam-South Africa trade rises 17% this year Posted: 25 Dec 2013 10:35 PM PST Two-way trade between Vietnam and South Africa is expected to hit US$875 million in 2013, a year-on-year increase of nearly 17%. Of the total figure, Vietnamese exports generated US$760 million. Major exports included mobile handsets and components, footwear, garments, rubber, rice, coffee, pepper, cashew nuts, chemicals, and electronics. Vietnam imports metals, iron scraps, chemicals, and […] The post Vietnam-South Africa trade rises 17% this year appeared first on Vietnam Business News.

Ba Ria-Vung Tau boosts exports to Russia Posted: 25 Dec 2013 10:34 PM PST The southern province of Ba Ria-Vung Tau province is seeking to increase its exports to Russia – one of its potential trade partners. Nguyen Hong Linh, Chairman of the provincial People's Council, was speaking at a December 25 reception for Ivan Melnikov, visiting Vice Chairman of the Russian State Duma. Linh said investment cooperation between […] The post Ba Ria-Vung Tau boosts exports to Russia appeared first on Vietnam Business News.

Nearly $25.5 billion FDI invested in central Vietnam Posted: 25 Dec 2013 10:32 PM PST  In 2013, the provinces in the central region attracted 66 foreign-invested projects worth $1.5 billion, bringing the total foreign capital invested in this region to nearly $25.5 billion, said Mr. Trinh Minh Van, Director of the Central Region Investment Promotion Center. Notably, Binh Dinh province attracted a $1 billion project to build a bus component […] The post Nearly $25.5 billion FDI invested in central Vietnam appeared first on Vietnam Business News.

Annual GDP growth projected to reach 5.42 per cent Posted: 25 Dec 2013 10:31 PM PST This 2013 growth of the country’s Gross Domestic Product (GDP) is expected to increase 5.42 per cent over last year, according to officials. The figure released by the General Statistics Office (GSO) showed that the rate was lower than the set target of 5.5 per cent, but higher than last year’s rate of 5.25 per […] The post Annual GDP growth projected to reach 5.42 per cent appeared first on Vietnam Business News.

Retail real estate set to prosper Posted: 25 Dec 2013 10:27 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.

Interbank interest rates and transactions on OMO sharply increase Posted: 25 Dec 2013 10:20 PM PST Since the beginning of the week, interbank interest rates and transactions on OMO have sharply increased, showing that banks are actively pushing credit to achieve the credit growth of 10% in 2013, local newswire Tri Thuc Tre reported. Interbank Interest Rates sharply increase In the first 3 weeks of December, the interbank interest rates were […] The post Interbank interest rates and transactions on OMO sharply increase appeared first on Vietnam Business News.

Foreign bank fined for slow disclosure Posted: 25 Dec 2013 10:18 PM PST Deutsche Bank AG, London Branch, was fined VND70 million (US$3,300) by the State Securities Commission for being late in reporting that it is no longer a large stakeholder in Tu Liem Urban Development (NTL) and Hoa Phat Group (HPG)…. The fine was based on the Government”s Decree No 85/2010/ND-CP about administrative punishments in the securities […] The post Foreign bank fined for slow disclosure appeared first on Vietnam Business News.

EVN sells 5.25% stake at ABBank Posted: 25 Dec 2013 10:17 PM PST On December 20, 2013, Vietnam Electricity (EVN) sold 25.2 million shares, equivalent to 5.25% at of An Binh Commercial Joint Stock Bank (ABBank) to another large shareholder, Hanoi Export-Import Company (Geleximco), local newspaper Dat Viet reported. The transfer price is VND 10,000/share, equal to original price, bringing EVN VND252 billion in total. After the sale, […] The post EVN sells 5.25% stake at ABBank appeared first on Vietnam Business News.

Overseas remittances likely to hit US$11 billion Posted: 25 Dec 2013 10:15 PM PST  Commercial banks are expecting a sharp increase in overseas remittances as 2013 draws to a close, estimating a yearly total approaching US$11 billion. Vietnamese banks channel an annual average of approximately US$10 billion in overseas remittances, ranking among the ten highest overseas remittance recipients in the world. Labour market recoveries in the US, Australia, Canada, […] The post Overseas remittances likely to hit US$11 billion appeared first on Vietnam Business News.

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