The Business Times: Garment businesses attend int’l fair in Paris

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• Garment businesses attend int’l fair in Paris
• Auto registration centres nationwide to be checked
• SBV profited vnd8 tln from gold auctions in 2013
• NPLs won’t increase too much because of circular 02: SBV
• Probe against Vietnam bank executive for economic mismanagement resumes
• Increasing holiday demand ignites national CPI
• Stocks to keep an eye on in 2014
• Impressions of the equilibrium
• SBV net injects vnd7,206 bln on jan 24
• Fitch Ratings revised the outlooks of Vietinbank and Agribank to “positive”

Garment businesses attend int’l fair in Paris Posted: 27 Jan 2014 12:26 AM PST Three Vietnamese garment and textile businesses are participating in an international apparel and garment fair in Paris , France from January 25-28. The annual professional event aims to introduce new trends for fashion designs and collections and designs from prestigious global fashion houses. The "Who's Next" fair, attended by more than 1,000 garment and textile […] The post Garment businesses attend int'l fair in Paris appeared first on Vietnam Business News.

Auto registration centres nationwide to be checked Posted: 27 Jan 2014 12:23 AM PST All the 100 automobile registration centres throughout the country will be inspected, following a proposal issued during a recent meeting at the Transport Ministry. Speaking at the meeting last week, Minister Dinh La Thang ordered the ministry’s inspectors to tighten inspections of the centers in a bid to deal with overloaded trucks, as well as […] The post Auto registration centres nationwide to be checked appeared first on Vietnam Business News.

SBV profited vnd8 tln from gold auctions in 2013 Posted: 27 Jan 2014 12:14 AM PST After 76 auctions selling 69.9 tons of gold in 2013, the State Bank of Vietnam (SBV) earned the profit of VND8 trillion, local newspaper Dat Viet reported. The sold volume was equal to the volume officially imported of nearly 70 tons of gold. The remaining 40 tons out of 110 tons consumed in 2013 were […] The post SBV profited vnd8 tln from gold auctions in 2013 appeared first on Vietnam Business News.

NPLs won’t increase too much because of circular 02: SBV Posted: 27 Jan 2014 12:11 AM PST Circular 02 of the State Bank of Vietnam (SBV) will take effect from June 1, 2014. However, the application will not cause bad debts to increase 2-3 times as predicted, due to an important adjustment, local newspaper Saigon Economic Times reported. According to Circular 02 (not adjusted), at least every quarter, credit institutions have to […] The post NPLs won't increase too much because of circular 02: SBV appeared first on Vietnam Business News.

Probe against Vietnam bank executive for economic mismanagement resumes Posted: 27 Jan 2014 12:09 AM PST The Supreme People's Procuracy, Vietnam’s highest prosecutors’ office, has decided to resume investigating the charge of economic mismanagement against Pham Trung Cang, a former deputy chairman of Asia Commercial Bank. It also banned Huynh Quang Tuan, a board member, from leaving his area of residence pending investigation into a charge of "intentionally violating state regulations […] The post Probe against Vietnam bank executive for economic mismanagement resumes appeared first on Vietnam Business News.

Increasing holiday demand ignites national CPI Posted: 26 Jan 2014 08:31 PM PST The Consumer Price Index (CPI) in January rose 0.69 per cent against the previous month, due to the rapidly increasing demand for commodities prior to the upcoming Lunar New Year. The figure represents a year-on-year increase of 5.45 per cent, according to the General Statistics Office (GSO). All 11 groups of commodities in the CPI […] The post Increasing holiday demand ignites national CPI appeared first on Vietnam Business News.

Stocks to keep an eye on in 2014 Posted: 26 Jan 2014 08:25 PM PST As the economy recovers and the government issues new policies to develop the stock market, the shares of companies in certain sectors are predicted to gain. The following predictions are by Military Bank Securities’ senior analyst Le Van Thanh Long. Real estate The sector will benefit from policies on credit growth, inflation and low interest […] The post Stocks to keep an eye on in 2014 appeared first on Vietnam Business News.

Impressions of the equilibrium Posted: 26 Jan 2014 08:22 PM PST A year with a lot of dramatic ups and downs in the banking industry has gone by. A year with a lot of dramatic ups and downs in the banking industry has gone by. In most of 2013, banks were intensely criticised by the public for interest rate policies, credit tightening, bad debts or the […] The post Impressions of the equilibrium appeared first on Vietnam Business News.

SBV net injects vnd7,206 bln on jan 24 Posted: 26 Jan 2014 08:17 PM PST The State Bank of Vietnam (SBV) net pumped VND7,206 billion through OMO on Jan 24, 2014, local newswire NDH reported citing data from SSI Research. In details, the SBV pumped VND7,286 billion through open market operation (OMO) while withdrew VND80 billion, resulting in net injection of VND7,206 billion. As of January 24, the total outstanding […] The post SBV net injects vnd7,206 bln on jan 24 appeared first on Vietnam Business News.

Fitch Ratings revised the outlooks of Vietinbank and Agribank to “positive” Posted: 26 Jan 2014 08:12 PM PST The rating agency has just revised the outlooks of Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) and Vietnam Bank for Agriculture and Rural Development (Agribank) to "positive"from "stable". The agency also affirmed the Long-Term Issuer Default Rating (IDRs) on the banks at 'B”. This came along when Fitch Ratings on January 23, […] The post Fitch Ratings revised the outlooks of Vietinbank and Agribank to "positive" appeared first on Vietnam Business News.

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