The Business Times: VDB sells out vnd3.6 trillion bonds on jan 10

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• VDB sells out vnd3.6 trillion bonds on jan 10
• State Bank makes big efforts to stem dollar price fall
• Domestic aviation recovery fuels competition
• Insurance industry to maintain growth
• Cassava exports slide back in 2013
• PVN suspends oil exploration in Venezuela
• 2014 – a tough year for FDI attraction
• Vietnam’’s plastic exports hit $2.2bln in 2013: VPA
• Ministry cuts petroleum imports
• Vietcombank: VND5.727 tln profit in 2013

VDB sells out vnd3.6 trillion bonds on jan 10 Posted: 13 Jan 2014 12:08 AM PST The Vietnam Development Bank (VDB) on Jan 10, 2014 sold VND3.6 trillion worth of government-backed bonds out of VND3.6 trillion auctioned at the Hanoi Stock Exchange (HNX) at the yields of 8.09-9.29% p.a, local newswire NDH reported. This is the first auction of VDB in the year 2014. In the auction, the VDB planned to […] The post VDB sells out vnd3.6 trillion bonds on jan 10 appeared first on Vietnam Business News.

State Bank makes big efforts to stem dollar price fall Posted: 13 Jan 2014 12:06 AM PST If the State Bank of Vietnam (SBV) had not made the timely intervention, the dollar prices would have tumbled more dramatically in recent days. This was for the first time since August 7, 2013, that the State Bank's Exchange raised the dollar purchase price sharply, the move aiming to brake the decrease of the dollar […] The post State Bank makes big efforts to stem dollar price fall appeared first on Vietnam Business News.

Domestic aviation recovery fuels competition Posted: 13 Jan 2014 12:01 AM PST The domestic aviation market has significantly recovered, and growth in passenger transport is up 21 per cent. It has opened up serious competition between national carrier Vietnam Airlines, and low fare airlines such as Vietjet Air. Despite the strong competition among airlines and limited infrastructure for airports, Vietnam Airlines has reached its profit targets. Turnover […] The post Domestic aviation recovery fuels competition appeared first on Vietnam Business News.

Insurance industry to maintain growth Posted: 12 Jan 2014 11:59 PM PST After failing to grow by double-digits in 2013, the insurance market is expected to grow modestly this year, on the back of an economic recovery and stock market gains. The introduction of new products and the increased diversification of distribution channels are likely to boost growth as well. According to Hoang Viet Ha, chief operating […] The post Insurance industry to maintain growth appeared first on Vietnam Business News.

Cassava exports slide back in 2013 Posted: 12 Jan 2014 11:53 PM PST Export of cassava and cassava products plunged by 18.2 per cent to US$1.1 billion last year, according to the General Department of Customs. Volumes were down almost 30 per cent to 3.1 million tonnes. China bought almost the entire thing, accounting for $847.9 million of the exports. Viet Nam was the second largest cassava exporter […] The post Cassava exports slide back in 2013 appeared first on Vietnam Business News.

PVN suspends oil exploration in Venezuela Posted: 12 Jan 2014 11:51 PM PST Vietnam National Oil and Gas Group (PVN) has decided to suspend oil extraction from Block Junin 2 in Venezuela because inflation has sent goods prices soaring and because the gap between the official and unofficial exchange rates is increasingly wide in the South American country. PVN chairman Phung Dinh Thuc said at a news briefing […] The post PVN suspends oil exploration in Venezuela appeared first on Vietnam Business News.

2014 – a tough year for FDI attraction Posted: 12 Jan 2014 11:49 PM PST Vietnam can expect to encounter numerous difficulties in attracting foreign direct investment (FDI) in 2014, according to the Ministry of Planning and Investment and Planning. This is due to new stricter regulations that go into effect in 2014 requiring higher technology projects, less environmental pollution, and more added value, he said. Economic experts warn Vietnam's investment […] The post 2014 – a tough year for FDI attraction appeared first on Vietnam Business News.

Vietnam’’s plastic exports hit $2.2bln in 2013: VPA Posted: 12 Jan 2014 11:30 PM PST Vietnam's exports of plastic materials and plastic products were estimated to hit $2.2 billion in 2013, the local news provider Gafin.vn reported, citing data from the Vietnam Plastic Association (VPA). In details, in 2013, Vietnam's exports of plastic products were estimated to touch $1.8 billion, representing a year on year increase of 13.3%; exports of […] The post Vietnam'’s plastic exports hit $2.2bln in 2013: VPA appeared first on Vietnam Business News.

Ministry cuts petroleum imports Posted: 12 Jan 2014 11:30 PM PST The Ministry of Industry and Trade (MoIT) has decided to reduce the petroleum import quota for this year to approximately seven million tonnes from the earlier 9.115 million tonnes. All of the 18 domestic firms eligible for petroleum imports saw a sharp decrease in the petroleum import quota compared with the level set earlier this […] The post Ministry cuts petroleum imports appeared first on Vietnam Business News.

Vietcombank: VND5.727 tln profit in 2013 Posted: 12 Jan 2014 09:56 PM PST The consolidated profit of Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) in 2013 reached VND5.727 trillion, achieving 100.4% of the year's plan, local newswire Tri Thuc Tre reported. The bank”s total assets increased by 13.1% to VND467.761 trillion, exceeding the 9% target. Mobilized capital from the economy to reach VND331.546 trillion, surging […] The post Vietcombank: VND5.727 tln profit in 2013 appeared first on Vietnam Business News.

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