The Business Times: Wood exports to pick up

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• Wood exports to pick up
• All airlines get profit, says Transportation Minister
• Vietnamese rice most expensive in Asia?
• Tycoons run away from banks
• Tourist sites admission fees increase next year
• About 30 credit institutions sell NPLs to VAMC
• Vietnam c.bank net injects vnd8,072bln via OMO on december 24
• WB suggests new approach to banking reform
• MasterCard, Payoo facilitate bill payments
• Dec 25: Vietnam central bank keeps dollar exchange at vnd21,036

Wood exports to pick up Posted: 25 Dec 2013 12:13 AM PST  Vietnam is Asia's second largest exporter of timber products, second only to China. Due to the US imposition of dumping tariffs on Chinese exports, Vietnam Timber and Forest Products Association (Vifores) General Secretary Nguyen Ton Quyen says, demand is expected to surge from September to December in the lead up to the holiday season. Wood […] The post Wood exports to pick up appeared first on Vietnam Business News.

All airlines get profit, says Transportation Minister Posted: 25 Dec 2013 12:12 AM PST  Minister of Transport Dinh La Thang said that instead of Vietnam Airlines alone reporting profits as previous years, this year domestic aviation grew well and all airlines were profitable. The information was released by Thang at the government's online conference on December 24. Thang said in 2013, the domestic aviation industry gained a growth rate […] The post All airlines get profit, says Transportation Minister appeared first on Vietnam Business News.

Vietnamese rice most expensive in Asia? Posted: 25 Dec 2013 12:09 AM PST The November Market Review by global rice market news provider Oryza has shown that that the price of Vietnamese rice remains the most expensive across Asia. According to data released last Friday, Vietnamese five percent broken rice was sold for US$410-420 per tonne, down $20 per tonne from two weeks ago, but higher by $10 […] The post Vietnamese rice most expensive in Asia? appeared first on Vietnam Business News.

Tycoons run away from banks Posted: 25 Dec 2013 12:07 AM PST 2013 is a year worth remembering for bankers as it witnesses the leave of a lot of big shareholders from commercial banks. The trend is believed to continue in 2014. Being one of the founding shareholders of Techcombank, a big and prosperous bank, Vietnam Airlines, an air carrier, decided to say "goodbye" to the bank. […] The post Tycoons run away from banks appeared first on Vietnam Business News.

Tourist sites admission fees increase next year Posted: 24 Dec 2013 08:00 PM PST Admission and service charges at many popular tourist destinations nationwide will rise in 2014, causing huge challenges to travel companies in lowering tour prices to improve competitiveness. Many international travel firms told the Daily that tickets and service charges at many tourist sites will surge strongly next year after staying unchanged for a long time. […] The post Tourist sites admission fees increase next year appeared first on Vietnam Business News.

About 30 credit institutions sell NPLs to VAMC Posted: 24 Dec 2013 07:56 PM PST So far about 30 credit institutions have sold non-perfoming loans (NPLs) to Vietnam Asset Management Company (VAMC), local newswire Tri Thuc Tre reported citing a source from the State Bank of Vietnam (SBV). Those credit institutions include SCB, VAMC, Sacombank, PGBank, SHB, Agribank, BIDV, Maritime, Techcombank, GPBank, Navibank, etc. In which, many credit institutions which […] The post About 30 credit institutions sell NPLs to VAMC appeared first on Vietnam Business News.

Vietnam c.bank net injects vnd8,072bln via OMO on december 24 Posted: 24 Dec 2013 07:55 PM PST The State Bank of Vietnam (SBV) pumped VND8,172 billion through open market operation (OMO) while withdrew VND100 billion, resulting in net injection of VND8,072 billion on Dec 24, 2013, local newswire NDH reported, citing data from SSI Research. As of December 24, the total outstanding loans on OMO were VND13,242 billion. On the day, SBV […] The post Vietnam c.bank net injects vnd8,072bln via OMO on december 24 appeared first on Vietnam Business News.

WB suggests new approach to banking reform Posted: 24 Dec 2013 07:54 PM PST Experts from the World Bank on Wednesday suggested a new approach to banking reform by making the State Bank of Vietnam a more independent agency and shutting down frail commercial banks. The opinions were raised at a seminar on strengthening supervision and improvement of the financial system organized on Wednesday in Hanoi by the Central […] The post WB suggests new approach to banking reform appeared first on Vietnam Business News.

MasterCard, Payoo facilitate bill payments Posted: 24 Dec 2013 07:52 PM PST MasterCard and Payoo, an online bill payment service provided by VietUnion, clinched a deal on Thursday allowing MasterCard holders to pay for goods and services on Payoo's websites and at point of sale (POS) terminals. Holders of MasterCard credit, debit and pre-paid cards now can pay for electricity, water, telephone, cable television and Internet bills. […] The post MasterCard, Payoo facilitate bill payments appeared first on Vietnam Business News.

Dec 25: Vietnam central bank keeps dollar exchange at vnd21,036 Posted: 24 Dec 2013 07:50 PM PST Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Wednesday, 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, some commercial banks lowered dollar prices […] The post Dec 25: Vietnam central bank keeps dollar exchange at vnd21,036 appeared first on Vietnam Business News.

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