The Business Times: Dung Quat oil refinery celebrates five year anniversary

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• Dung Quat oil refinery celebrates five year anniversary
• Handbook on Vietnam’s support industries published
• HCM City beefs up cooperation with Australian region
• Farm exports hit US$4.33 billion in two months
• Kuwait eyes US$1 billion trade with Vietnam
• Banks launch loan programs with low lending rates
• Eximbank to elect more three members for board of directors
• Sacombank to increase room for foreign investors to 30%
• SBV net withdraws VND5,000 Bln on Feb 25
• Stagnant credit growth as banks towards the same target

Dung Quat oil refinery celebrates five year anniversary Posted: 25 Feb 2014 09:49 PM PST Binh Son Oil Refinery located in the central province of Quang Ngai celebrated its fifth anniversary of operations on February 25. In the short five years since production began, its products have gained high stature and recognition by the Ministry of Science and Technology for outstanding quality. So far, the plant has processed nearly 29 […] The post Dung Quat oil refinery celebrates five year anniversary appeared first on Vietnam Business News.

Handbook on Vietnam’s support industries published Posted: 25 Feb 2014 09:47 PM PST The State Bank of Vietnam (SBV) in collaboration with Japan International Cooperation Agency (JICA) on February 25 announced the publication of a handbook for use by Vietnam's support industries. The manual aims to provide guidance to small and medium-sized enterprises (SMEs) in the industry on methods of evaluating business risk, techniques for making equipment investment […] The post Handbook on Vietnam's support industries published appeared first on Vietnam Business News.

HCM City beefs up cooperation with Australian region Posted: 25 Feb 2014 09:43 PM PST Ho Chi Minh City and Australia's Northern Territory on February 25 inked a memorandum of understanding (MoU) allowing the two sides to strengthen their friendship and cooperation in the time to come. The document was signed by Chairman of the municipal People's Committee Le Hoang Quan and Chief Minister of the Northern Territory Adam Giles […] The post HCM City beefs up cooperation with Australian region appeared first on Vietnam Business News.

Farm exports hit US$4.33 billion in two months Posted: 25 Feb 2014 09:42 PM PST Statistics of the Ministry of Agriculture and Rural Development (MARD) also report that exports of major farm products dropped sharply by 20.5% to US$1.73 billion. Seafood exports shot up 23.5% and fetched US$919 million and key forestry products skyrocketed up 30.2% to US$837 million, compared to the same period last year. Rice exports in the […] The post Farm exports hit US$4.33 billion in two months appeared first on Vietnam Business News.

Kuwait eyes US$1 billion trade with Vietnam Posted: 25 Feb 2014 09:39 PM PST Kuwaiti Consul General in Ho Chi Minh City Omar Al-Qenael has voiced his hope that two-way trade between Vietnam and Kuwait will exceed US$1 billion in the next few years. The Consul General was speaking at a February 25 ceremony in HCM City marking the 53rd National Day and the 23rd anniversary of the Liberation Day […] The post Kuwait eyes US$1 billion trade with Vietnam appeared first on Vietnam Business News.

Banks launch loan programs with low lending rates Posted: 25 Feb 2014 09:37 PM PST According to representatives of some commercial banks, excessive capital is currently at hundreds of trillions dong. Therefore, some banks lower lending rates to only 5 to 8.5%/year, local newspaper Nguoi lao dong reported. Leader of a branch of Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) said the bank is willing to lend […] The post Banks launch loan programs with low lending rates appeared first on Vietnam Business News.

Eximbank to elect more three members for board of directors Posted: 25 Feb 2014 09:33 PM PST On February 19 2014, director board of Vietnam Export Import Commercial Joint Stock. Bank (Eximbank -coded EIB) announced plans and contents submitted to annual shareholders' meeting 2014…. Specifically, Eximbank will organise a shareholders' meeting on April 28 2014 at the White Palace Convention centre located at 194 Hoang Van Thu, Ward 9, Phu Nhuan District, […] The post Eximbank to elect more three members for board of directors appeared first on Vietnam Business News.

Sacombank to increase room for foreign investors to 30% Posted: 25 Feb 2014 09:30 PM PST Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) said the bank will raise the ownership room for foreign investors up to 30% compared to the current level of 10%, local newspaper Saigon Economic Times reported. According to the Resolution agreed on February 25, 2014, Sacombank will prepare the application procedures to ask permission from the […] The post Sacombank to increase room for foreign investors to 30% appeared first on Vietnam Business News.

SBV net withdraws VND5,000 Bln on Feb 25 Posted: 25 Feb 2014 09:28 PM PST The State Bank of Vietnam (SBV) withdrew VND5,000 billion via issuing T-bills on Feb 25, 2014, local newswire NDH reported citing data from SSI Research. In details, the SBV pumped VND30 through open market operation (OMO) while withdrawing VND30 billion. As of February 25, the total outstanding loans on OMO were VND242 billion. On the […] The post SBV net withdraws VND5,000 Bln on Feb 25 appeared first on Vietnam Business News.

Stagnant credit growth as banks towards the same target Posted: 25 Feb 2014 09:27 PM PST Capital surplus amidst still stagnant credit growth, deposit rates are falling and the interbank interest rates fall faster. The situation reflects the difficulties in commercial banks' use of capital…. After a period of relatively stable, the deposit rates of commercial banks have started to show signs of going down. At Eximbank, ACB and Sacombank, the […] The post Stagnant credit growth as banks towards the same target appeared first on Vietnam Business News.

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