The Business Times: Kien Giang gains 3 bln USD in FDI capital

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• Kien Giang gains 3 bln USD in FDI capital
• Petrol firms anticipate strong year
• Exports to India hit $2.4 billion
• Seaport system set for major upgrade
• Bond demand still very high in 2014: BIDV
• Interbank trading Dong -2%, Dollar -7% in week ending jan 10
• Credit quality and quantity improves in 2014
• Hai Duong’s outstanding loans reach 35.806tr dong in 2013
• Gia Lai’s credit growth rate reaches 24.7pct in 2013
• BIDV to debut on HOSE this week

Kien Giang gains 3 bln USD in FDI capital Posted: 19 Jan 2014 11:05 PM PST The southern province of Tien Giang is now home to 36 foreign direct investment (FDI) projects with a total registered capital of nearly three billion USD. They include two projects licensed in 2013 with a total capital of 76.3 million USD. The amount of FDI capital disbursed during the year stood at 17 million USD, […] The post Kien Giang gains 3 bln USD in FDI capital appeared first on Vietnam Business News.

Petrol firms anticipate strong year Posted: 19 Jan 2014 10:56 PM PST The Viet Nam National Petroleum Group (Petrolimex) will hasten its process of restructuring in 2014, with 80 per cent of planned reform completed last year. With some 6,200 outlets nationwide, the group operates in various areas ranging from petroleum and gas to insurance, transportation and services. According to Petrolimex General Director Tran Van Thinh, the […] The post Petrol firms anticipate strong year appeared first on Vietnam Business News.

Exports to India hit $2.4 billion Posted: 19 Jan 2014 10:54 PM PST Viet Nam exported US$2.4 billion worth of goods to India last year, surging from $1.8 billion a year ago. This announcement was made by the Department of Africa, West Asia and South Asia Markets under the Ministry of Industry and Trade (MoIT). Among items experiencing high export turnover were mobile phones and their components, rubber, […] The post Exports to India hit $2.4 billion appeared first on Vietnam Business News.

Seaport system set for major upgrade Posted: 19 Jan 2014 10:52 PM PST Transport Minister Dinh La Thang has asked concerned agencies to expedite work on a major project to improve operational efficiency of the No 5 Seaport System to make it a regional entrepot in the near future. The No 5 seaport system covers all the ports in HCM City and the neighbouring provinces of Ba Ria-Vung […] The post Seaport system set for major upgrade appeared first on Vietnam Business News.

Bond demand still very high in 2014: BIDV Posted: 19 Jan 2014 10:49 PM PST This is the prediction of Study Team – Capital and Money Trading Division, Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV). According to the team, the supply of government bonds will continue to surge over VND200 trillion. However, demand for government bonds will also continue to rise in 2014 and can absorb […] The post Bond demand still very high in 2014: BIDV appeared first on Vietnam Business News.

Interbank trading Dong -2%, Dollar -7% in week ending jan 10 Posted: 19 Jan 2014 10:46 PM PST The total interbank trading value of the dong fell by 1.6% to VND108.970 trillion in the week ending January 10, 2014 from VND110.689 trillion a week earlier while that of the dollar fell 6.8% to VND55.855 trillion from to VND59.946 trillion. The total interbank trading value of the dong fell by 1.6% to VND108.970 trillion […] The post Interbank trading Dong -2%, Dollar -7% in week ending jan 10 appeared first on Vietnam Business News.

Credit quality and quantity improves in 2014 Posted: 19 Jan 2014 10:42 PM PST Bad debt decrease, credit increase and exceeded profit compared to the plan are the highlights of many commercial banks after one year of unfavourable business. In 2014, many banks target to increase service revenues, ensure credit quality and reduce bad debts. Outstanding loans increase highly Vietcombank gained spectacular results in 2013. The bank's credit growth […] The post Credit quality and quantity improves in 2014 appeared first on Vietnam Business News.

Hai Duong’s outstanding loans reach 35.806tr dong in 2013 Posted: 19 Jan 2014 10:41 PM PST On January 14 2014, the State Bank of Vietnam (SBV) – Hai Duong Branch held a conference to sum up activities of 2013 and carry out missions in 2014. In 2013, total mobilised capital in Hai Duong reached 40.867 trillion dong, up 20.5 percent compared to the end of 2012. Outstanding loans reached 35.806 trillion […] The post Hai Duong's outstanding loans reach 35.806tr dong in 2013 appeared first on Vietnam Business News.

Gia Lai’s credit growth rate reaches 24.7pct in 2013 Posted: 19 Jan 2014 10:39 PM PST According to the State Bank of Vietnam (SBV) – Gia Lai Branch, in 2013, total raised capital in Gia Lai increased 14.3 percent compared to the end of 2012.  According to the State Bank of Vietnam (SBV) – Gia Lai Branch, in 2013, total raised capital in Gia Lai increased 14.3 percent compared to the […] The post Gia Lai's credit growth rate reaches 24.7pct in 2013 appeared first on Vietnam Business News.

BIDV to debut on HOSE this week Posted: 19 Jan 2014 10:38 PM PST Bank for Investment and Development of Vietnam (BIDV) expects to begin trading over 2.8 billion shares on the Hochiminh Stock Exchange (HOSE) on January 24 under the code of BID. HOSE signed the listing approval decision for BID on Thursday. The shares are estimated at VND18,700 each on the debut day. At this price, market […] The post BIDV to debut on HOSE this week appeared first on Vietnam Business News.

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