The Business Times: Positive indicators offer real estate market boost

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• Positive indicators offer real estate market boost
• Telecom providers seek inbound rate increases
• Japanese businesses seek investment opportunities
• EVN flayed in inspection report
• VN aviation market: Budget airlines gain the ground
• DATC signed contracts for nearly vnd1.8 tln debts in 2013
• Vietnam’s credit rises 12.51 pct y/y in 2013 – state media
• SBV has legal capital of vnd10 tln
• SBV net injects vnd2,058 bln on jan 13
• Ninh Binh’s bad debts reach 220b dong as of December 31 2013

Positive indicators offer real estate market boost Posted: 14 Jan 2014 12:37 AM PST Economic stability and increased sales seen at the end of 2013 is offering hope for 2014, according to real estate consultants According to CBRE Vietnam, 2013 ended with a range of positive signs such as slightly higher economic growth which is being supported by exports and foreign investment, having helped offset faltering bank lending. The […] The post Positive indicators offer real estate market boost appeared first on Vietnam Business News.

Telecom providers seek inbound rate increases Posted: 14 Jan 2014 12:24 AM PST Vietnamese telecom companies have submitted a proposal to the Ministry of Information and Communications to raise the rate for calls from overseas to Viet Nam from 6.1 cents to 8.1 cents per minute. According to the proposal, the new rate will ensure the profitability of telecom providers and contribute an additional VND255 billion (US$12 million) […] The post Telecom providers seek inbound rate increases appeared first on Vietnam Business News.

Japanese businesses seek investment opportunities Posted: 14 Jan 2014 12:22 AM PST Thirty-six Japanese businessmen from Ehime Prefecture will gather in HCM City today to look for business opportunities and work with 60 Vietnamese companies. Their seminar aims to create more opportunities for businesses from both countries in the sectors of support industries, precision engineering, automation, semiconductor equipment, motorcycles, garments, textiles and paper industry. On the occasion, […] The post Japanese businesses seek investment opportunities appeared first on Vietnam Business News.

EVN flayed in inspection report Posted: 14 Jan 2014 12:11 AM PST The Government Inspectorate last week announced numerous wrongdoings at the state-run Electricity of Vietnam, the country's sole power distributor. According to the inspectorate, EVN invested VND121.8 trillion ($5.8 billion) in businesses out of EVN, much higher than its chartered capital of just VND76.7 trillion ($3.7 billion). Of the total, the group has poured nearly VND2 […] The post EVN flayed in inspection report appeared first on Vietnam Business News.

VN aviation market: Budget airlines gain the ground Posted: 14 Jan 2014 12:10 AM PST The aviation market is at the development stage when the winners are the ones who have lower management costs. Budget airlines have gained the upper hand. Vietnam Airlines' dominant position shaken The Ministry of Transport two weeks ago reported that all the domestic airlines made profits in 2013. Vietnam Airlines, the national air flag carrier, […] The post VN aviation market: Budget airlines gain the ground appeared first on Vietnam Business News.

DATC signed contracts for nearly vnd1.8 tln debts in 2013 Posted: 14 Jan 2014 12:07 AM PST In 2013, Debt and Asset Trading Corporation (DATC) signed 15 contracts to buy debts value of nearly VND1.8 trillion, local newswire VOV reported. In the past year, DATC focused on negotiations with commercial banks to buy bad debts, mainly of state-owned groups and corporations, including Vietnam Shipbuilding Industry Corporation; restructured and converted 5 state-owned enterprises […] The post DATC signed contracts for nearly vnd1.8 tln debts in 2013 appeared first on Vietnam Business News.

Vietnam’s credit rises 12.51 pct y/y in 2013 – state media Posted: 14 Jan 2014 12:05 AM PST Vietnam posted annual credit growth of 12.51 percent in 2013, quickening from an expansion of 8.85 percent the previous year, while lending rates this year may ease, the central bank’s governor was quoted as saying in state media on Monday…. “In principle interest rates (in 2014) will be kept as now, if conditions permit they […] The post Vietnam’s credit rises 12.51 pct y/y in 2013 – state media appeared first on Vietnam Business News.

SBV has legal capital of vnd10 tln Posted: 14 Jan 2014 12:04 AM PST According to the new Circular of the Ministry of Finance guiding financial regulations of the State Bank of Vietnam (SBV), the central bank has legal capital of VND10 trillion. Specifically, Circular 195/2013/TT-BTC states that the SBV has legal capital of VND10 trillion, formed from existing capital resources (as of December 31, 2012) and additional funds […] The post SBV has legal capital of vnd10 tln appeared first on Vietnam Business News.

SBV net injects vnd2,058 bln on jan 13 Posted: 14 Jan 2014 12:02 AM PST The State Bank of Vietnam (SBV) net pumped VND579 billion through OMO and VND1,479 billion via mature T-bills, resulting in net injection of VND2,058 billion on Jan 13, 2014, local newswire NDH reported citing data from SSI Research. In details, the SBV pumped VND1,494 billion through open market operation (OMO) while withdrew VND915 billion, resulting […] The post SBV net injects vnd2,058 bln on jan 13 appeared first on Vietnam Business News.

Ninh Binh’s bad debts reach 220b dong as of December 31 2013 Posted: 14 Jan 2014 12:01 AM PST On January 10 2014, the State Bank of Vietnam – Ninh Binh Branch held a conference to carry out banking missions in 2014. As of December 31 2013, total raised capital of banks and credit organisations in Ninh Binh reached 20.601 trillion dong, up 18.7 percent compared to early year; total outstanding loans of banks […] The post Ninh Binh's bad debts reach 220b dong as of December 31 2013 appeared first on Vietnam Business News.

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