The Business Times: Positive signals for shrimp exports to Japan

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• Positive signals for shrimp exports to Japan
• Leather, footwear firms set sights on exports
• Ninh Thuan annuls huge wind power project
• Trade turnover enjoys New Year jump
• Tet prices lead to slight increase in CPI
• Jan 23: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate down
• SBV net injects vnd9,369 bln on jan 22
• Sacombank estimates 2.838tr dong of profit before tax in 2013
• NVB earns 13.42b dong of profit after tax in Q4/2013
• Can Tho’s outstanding loans reach 43.746tr dong as of December 31 2013

Positive signals for shrimp exports to Japan Posted: 22 Jan 2014 11:56 PM PST Japan has agreed to increase the maximum residue limit (MRL) of Ethoxyquin, an antioxidant preservative used in fish meal, in Vietnamese shrimp – a move that will benefit shrimp businesses. In an announcement dated January 21, the Japan Ministry of Health, Labour and Welfare decided to raise Ethoxyquin MRL by 20fold from 0.01ppm (parts per […] The post Positive signals for shrimp exports to Japan appeared first on Vietnam Business News.

Leather, footwear firms set sights on exports Posted: 22 Jan 2014 11:54 PM PST Handbag exports jumped up 26% to US$1.92 billion in 2013, which far outpaced expectations of US$1.7 billion, according to Lefaso. This year, it is anticipating that handbag exports will surge approximately 30%. Lefaso regularly tracks information about opportunities in the handbag industry as many foreigners are seeking Vietnamese suppliers, who are benefiting from a world-wide […] The post Leather, footwear firms set sights on exports appeared first on Vietnam Business News.

Ninh Thuan annuls huge wind power project Posted: 22 Jan 2014 11:53 PM PST The $700 million Phuoc Huu wind power project in the central province of Ninh Thuan will be revoked after four years of delay. VTV Online cited a source from the Ninh Thuan Province People’s Committee as saying that the Phuoc Huu Wind Power Development Investment Company Ltd. has not yet completed the procedures for land […] The post Ninh Thuan annuls huge wind power project appeared first on Vietnam Business News.

Trade turnover enjoys New Year jump Posted: 22 Jan 2014 07:55 PM PST Viet Nam’s exports in the first 15 days of this year are up more than US$500 million from the same period last year. The General Department of Customs said exports surged 10.1 per cent from the previous year to $5.55 billion, while imports increased 15.6 per cent to $5.51 billion. Textile and garment exports topped […] The post Trade turnover enjoys New Year jump appeared first on Vietnam Business News.

Tet prices lead to slight increase in CPI Posted: 22 Jan 2014 07:53 PM PST January’s consumer price index (CPI) for Ha Noi and HCM City surged slightly due to price increases in the run up to the Lunar New Year (Tet) Festival. According to the HCM City Statistics Office, the city’s CPI rose 0.4 per cent this month, against December 2013 but is still the lowest CPI for January […] The post Tet prices lead to slight increase in CPI appeared first on Vietnam Business News.

Jan 23: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate down Posted: 22 Jan 2014 07:47 PM PST Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Thursday, unchanged for nearly 7 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, majority of commercial banks lowered dollar […] The post Jan 23: Vietnam central bank keeps dollar exchange at vnd21,036, commercial banks rate down appeared first on Vietnam Business News.

SBV net injects vnd9,369 bln on jan 22 Posted: 22 Jan 2014 07:46 PM PST The State Bank of Vietnam (SBV) net withdrew VND9,659 billion through OMO and pumped VND326 billion via mature T-bills, resulting in net injection of VND9,369 billion on Jan 22, 2014, local newswire NDH reported citing data from SSI Research. In details, the SBV pumped VND9,816 billion through open market operation (OMO) while withdrew VND121 billion, […] The post SBV net injects vnd9,369 bln on jan 22 appeared first on Vietnam Business News.

Sacombank estimates 2.838tr dong of profit before tax in 2013 Posted: 22 Jan 2014 07:45 PM PST As of December 31 2013, Sacombank had 12.425 trillion dong of chartered capital and 160.097 trillion dong of total assets, up 5.8 percent compared to early 2013. According to Pham Huu Phu, chair of director board of Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank – coded STB), as of December 31 2013, Sacombank had […] The post Sacombank estimates 2.838tr dong of profit before tax in 2013 appeared first on Vietnam Business News.

NVB earns 13.42b dong of profit after tax in Q4/2013 Posted: 22 Jan 2014 07:43 PM PST Northern bourse-listed Nam Viet Commercial Joint Stock Bank (coded NVB) has announced individual financial statement for Q4/2013 with net interest income of 124.17 billion dong, down 38.69 percent compared to Q4/2012. NVB incurred over 2.03 billion dong of net loss from service activities, 16.9 times higher than 120 million dong of loss in Q4/2012. In […] The post NVB earns 13.42b dong of profit after tax in Q4/2013 appeared first on Vietnam Business News.

Can Tho’s outstanding loans reach 43.746tr dong as of December 31 2013 Posted: 22 Jan 2014 07:41 PM PST As reported by the State Bank of Vietnam (SBV) – Can Tho City Branch, the city has 50 credit organisations with 227 transaction points. In 2013, the banking system's mobilised capital reached 37.435 trillion dong, up 9.56 percent compared to late 2012 and met 85.58 percent of total outstanding loans. Outstanding loans reached 43.746 trillion […] The post Can Tho's outstanding loans reach 43.746tr dong as of December 31 2013 appeared first on Vietnam Business News.

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