The Business Times: VN sees trade surplus with Africa, Asia

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• VN sees trade surplus with Africa, Asia
• Complex rules, housing shortage threaten real estate loan package
• Optimism over Vietnam property
• Vietnam’s inflation not to exceed 6.3pct in 2013: NFSC
• Fuel dealers asked to hold prices steady
• Preferential refinancing interest rate for VAMC special bond holders
• Vietnam c.bank net withdraws vnd20bln via OMO on dec 5
• SBV approves to add operation contents of VPBank and BacABank
• Four banks assigned to serve ADB-funded projects
• Banks in HCM City support over 45tr dong for SOEs

VN sees trade surplus with Africa, Asia Posted: 05 Dec 2013 07:07 PM PST Viet Nam experienced a trade surplus of approximately US$4.65 billion with Africa, West Asia and South Asia markets during the first 10 months of 2013, according to official statistics. The Ministry of Industry and Trade’s Africa, West Asia, South Asia Market Department said Viet Nam’s total trade turnover with the bloc was estimated at $14.8 [...] The post VN sees trade surplus with Africa, Asia appeared first on Vietnam Business News.

Complex rules, housing shortage threaten real estate loan package Posted: 05 Dec 2013 07:05 PM PST Disbursement of the government's much-vaunted VND30 trillion (US$1.43 billion) loan package for low-cost housing has been so slow that experts suspect it will fail in its main task – reviving the stagnant property market. Since its launch in June, just VND341 billion has been disbursed, of which VND221 billion was lent to 920 individuals and [...] The post Complex rules, housing shortage threaten real estate loan package appeared first on Vietnam Business News.

Optimism over Vietnam property Posted: 05 Dec 2013 07:03 PM PST A number of real estate companies and experts were quoted by New York Times as saying that Vietnam's beleaguered property market is bottoming out just as macroeconomic indicators stabilise and the Party makes new pledges to reform a struggling and corruption-riddled banking sector.  Dinh Thien Thien's barbecue business bloomed just as Vietnam's property market wilted. [...] The post Optimism over Vietnam property appeared first on Vietnam Business News.

Vietnam’s inflation not to exceed 6.3pct in 2013: NFSC Posted: 05 Dec 2013 07:01 PM PST In its recently released report on Vietnam's economic situation in the first 11 months of this year, the National Finance Supervisory Committee (NFSC) said that Vietnam's inflation in 2013 would not exceed 6.3 percent and the target to tame the inflation at lower than that of last year is totally feasible. As reported, the country's [...] The post Vietnam's inflation not to exceed 6.3pct in 2013: NFSC appeared first on Vietnam Business News.

Fuel dealers asked to hold prices steady Posted: 05 Dec 2013 06:58 PM PST Fuel wholesalers were told to keep fuel retail prices stable whilst urging them to dip into the nation’s price stabilisation fund for petrol to offset losses. The joint decision of the ministries of Finance and Industry and Trade took effect yesterday, coming after increases in global fuel prices during the last month. According to a [...] The post Fuel dealers asked to hold prices steady appeared first on Vietnam Business News.

Preferential refinancing interest rate for VAMC special bond holders Posted: 05 Dec 2013 06:56 PM PST From now on, Vietnam Asset Management Company (VAMC)'s special bond holders can get preferential refinancing interest rate 2% lower than refinancing interest rate of the State Bank of Vietnam (SBV), local newswire Tri Thuc Tre reported. The Prime Minister has just issued the Decision on refinancing interest rate of the State Bank of Vietnam (SBV) [...] The post Preferential refinancing interest rate for VAMC special bond holders appeared first on Vietnam Business News.

Vietnam c.bank net withdraws vnd20bln via OMO on dec 5 Posted: 05 Dec 2013 06:54 PM PST The State Bank of Vietnam (SBV) pumped VND100 billion through open market operation (OMO) while withdrew VND120 billion, resulting in net withdrawal of VND20 billion on December 5, 2013, local newswire NDH reported, citing data from SSI Research. As of December 5, the total outstanding loans on OMO were VND598 billion. On the day, SBV [...] The post Vietnam c.bank net withdraws vnd20bln via OMO on dec 5 appeared first on Vietnam Business News.

SBV approves to add operation contents of VPBank and BacABank Posted: 05 Dec 2013 06:53 PM PST On December 3 2013, the State Bank of Vietnam (SBV) issued decisions No.2786/QD-NHNN and No. 2787/QD-NHNN for adding operation licenses of North Asia Commercial Joint Stock Bank (BacABank) and Vietnam Prosperity Joint Stock Commercial Bank (VPBank). Accordingly, the SBV approved to add Item 8 of the Operation License No. 0052/NH-GP dated on September 1 1994 [...] The post SBV approves to add operation contents of VPBank and BacABank appeared first on Vietnam Business News.

Four banks assigned to serve ADB-funded projects Posted: 05 Dec 2013 06:52 PM PST The State Bank of Vietnam (SBV) issued decisions to assign Agribank, VietinBank, LienVietPostBank and VPBank to serve Asian Development Bank (ADB) -funded projects. Specifically, the governor of the SBV commissioned Agribank to serve projects on water supply investment in Thua Thien Hue and Hai Phong City under the Vietnam Water Sector Investment Programme – Loan [...] The post Four banks assigned to serve ADB-funded projects appeared first on Vietnam Business News.

Banks in HCM City support over 45tr dong for SOEs Posted: 05 Dec 2013 06:51 PM PST By the end of 2013, banks have spent about 45 trillion dong to lend enterprises with measures of loosening credit conditions, promoting credit growth and expanding borrowers. At the meeting to evaluate production and business situation of enterprises with 100 percent of state capital in HCM City in 11 months and prepare 2014 plans held [...] The post Banks in HCM City support over 45tr dong for SOEs appeared first on Vietnam Business News.

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