The Business Times: HSBC forecasts bright year for Vietnamese exports

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• HSBC forecasts bright year for Vietnamese exports
• Dong Nai targets US$12 bil from exports
• HCMC achieves rapid growth, low inflation
• Fisheries look to net more exports on surging value
• MOF plans to issue vnd394 trillion G-bonds in 2014
• Interbank trading dong -8%, dollar -24% in week ending december 27
• SBV net injects vnd2,350 bln in week of dec 30 – jan 3
• 8 biggest real estate M&A deals in 2013
• No government back up for foreign loans
• Corporate bond market hits record high

HSBC forecasts bright year for Vietnamese exports Posted: 05 Jan 2014 11:31 PM PST The future is looking bright for export-oriented businesses, according to a forecast by economists at the Hong Kong and Shanghai Banking Corporation (HSBC). In their latest report, the HSBC said the reason is simple: Vietnam's economy is export-dependent, with overseas shipment of goods comprising 81% of GDP in 2012. Despite a faltering global demand in […] The post HSBC forecasts bright year for Vietnamese exports appeared first on Vietnam Business News.

Dong Nai targets US$12 bil from exports Posted: 05 Jan 2014 11:28 PM PST Southern Dong Nai province has set a target to increase exports by 9-10% over last year and earn a total of US$11.8-11.9 billion this year. To fulfill the target, the provincial Industry and Trade Department has developed an action plan focusing on tasks and solutions to assist enterprises clear bad debts and expand markets.Department Director […] The post Dong Nai targets US$12 bil from exports appeared first on Vietnam Business News.

HCMC achieves rapid growth, low inflation Posted: 05 Jan 2014 11:21 PM PST The country’s economic hub HCM City managed to achieve high economic growth and low inflation in the 2011–13 period, giving a “big lesson” in management and administration, according to a senior Party official. Speaking at a meeting between the Party Central Committee’s Economic Commission and HCM City People’s Committee on Friday, the head of the […] The post HCMC achieves rapid growth, low inflation appeared first on Vietnam Business News.

Fisheries look to net more exports on surging value Posted: 05 Jan 2014 11:13 PM PST Viet Nam will continue expanding its seafood export market in 2014 after successfully increasing export value last year, noted the Viet Nam Association Seafood Exporters and Producers (VASEP). Nguyen Hoai Nam, VASEP deputy general secretary, told Vnews, the Vietnam News Agency”s television network, local seafood exporters will focus on pushing exports to China, especially value-added […] The post Fisheries look to net more exports on surging value appeared first on Vietnam Business News.

MOF plans to issue vnd394 trillion G-bonds in 2014 Posted: 05 Jan 2014 11:07 PM PST The Ministry of Finance (MOF) is planning to raise VND394 trillion through sales of government bonds in 2014, increasing VND100 trillion compared to 2013, local newspaper Saigon Economic Times reported. The MOF said that, in 2014, it will issue VND100 trillion bonds for investment, VND224 trillion for covering budget deficit and VND70 billion for repaying […] The post MOF plans to issue vnd394 trillion G-bonds in 2014 appeared first on Vietnam Business News.

Interbank trading dong -8%, dollar -24% in week ending december 27 Posted: 05 Jan 2014 11:01 PM PST The total interbank trading value of the dong fell by 7.5% to VND128.473 trillion in the week ending December 27 from VND138.964 a week earlier while that of the dollar fell 24.4% to VND59.373 trillion from to VND78.586 trillion. The total interbank trading value of the dong fell by 7.5% to VND128.473 trillion in the […] The post Interbank trading dong -8%, dollar -24% in week ending december 27 appeared first on Vietnam Business News.

SBV net injects vnd2,350 bln in week of dec 30 – jan 3 Posted: 05 Jan 2014 11:00 PM PST During the week, the State Bank of Vietnam (SBV) withdrew VND6,768 billion via OMO while injected VND9,118 billion via mature T-bills, resulting in net injection of VND2,350 billion, local newswire NDH reported, citing data from SSI Research. During the week, the State Bank of Vietnam (SBV) pumped VND8,405 billion through open market operation (OMO) while […] The post SBV net injects vnd2,350 bln in week of dec 30 – jan 3 appeared first on Vietnam Business News.

8 biggest real estate M&A deals in 2013 Posted: 05 Jan 2014 10:46 PM PST The year 2013 witnessed a series of successful merger and acquisition (M&A) in the real estate sector. The biggest deal was valued at VND9.8 trillion. Vincom Center A in HCM City In the deal worth VND9.823 trillion, Vingroup, which is owned by the Vietnamese richest stock millionaire Pham Nhat Vuong, transferred the project to VIPD, […] The post 8 biggest real estate M&A deals in 2013 appeared first on Vietnam Business News.

No government back up for foreign loans Posted: 05 Jan 2014 08:18 PM PST The Vietnamese Government will not be responsible for foreign loans that it has not guaranteed, according to a new prime ministerial decree…. The decree will come into effect on February 15, 2014. Borrowers impacted by the new decree include enterprises that have been established and are operating under the Enterprise Law, credit institutions and foreign […] The post No government back up for foreign loans appeared first on Vietnam Business News.

Corporate bond market hits record high Posted: 05 Jan 2014 08:15 PM PST The local corporate bond market hit an all-time high in 2013 thanks to active bond issues by large enterprises. Statistics of the Daily and some credit institutions show that local enterprises issued over VND40 trillion worth of corporate bonds in 2013, four times higher than 2012's figure. The figure did not include bond issues via […] The post Corporate bond market hits record high appeared first on Vietnam Business News.

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