The Business Times: Feb 24: Vietnam Gold Edges down to VND36.17Mln/Tael

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• Feb 24: Vietnam Gold Edges down to VND36.17Mln/Tael
• Eavesdropping software products sold in the open air
• Exports to the US increase sharply in January
• Vietnam CPI Edges Up 0.55% in February: GSO
• Bird flu inspections strengthened at border gates
• Feb 24, 2014: StoxPlus Morning Brief
• Software industry looks to extend 2013 growth trend
• Vietnam banking system tangled in web of cross ownership
• Banks hand out pink slips as profits fall
• Interest rates hamper credit growth

Feb 24: Vietnam Gold Edges down to VND36.17Mln/Tael Posted: 23 Feb 2014 11:12 PM PST This morning, Vietnam gold eased down versus last week close, following the world suit. As of 11:37 am today, Hanoi time, SJC Hochiminh was traded at VND36.11 million/tael for bid and VND36.17 million/tael for ask, respectively. SJC in the North quoted at VND36.11 million/tael for bid and VND36.17 million/tael for ask. Techcombank gold prices were […] The post Feb 24: Vietnam Gold Edges down to VND36.17Mln/Tael appeared first on Vietnam Business News.

Eavesdropping software products sold in the open air Posted: 23 Feb 2014 11:01 PM PST Thanh Hoa, an office worker, said she still thinks about whether to buy a smart phone. What makes Hoa hesitant is not the high price, but just because she fears that a smart phone would bring more troubles than a feature phone. She read some articles recently which said smart phone users have been cheated […] The post Eavesdropping software products sold in the open air appeared first on Vietnam Business News.

Exports to the US increase sharply in January Posted: 23 Feb 2014 10:54 PM PST  Vietnam's export earnings from the US market hit US$2.35 billion in January 2014, a year on year increase of 16.2%, according to Vietnam Customs statistics. Textiles topped the list of export items, earning US$954.53 million, up 20.9% compared to the same period last year. They were followed by footwear, raking in US$248.12 million, up 2.6%, […] The post Exports to the US increase sharply in January appeared first on Vietnam Business News.

Vietnam CPI Edges Up 0.55% in February: GSO Posted: 23 Feb 2014 10:50 PM PST Vietnam's consumer price index (CPI) is estimated to have accelerated by 0.55% on month, 4.65% on year in the second month of 2014, driven by price hike of food and food stuff, the General Statistics Office (GSO) said in its website. This year's February CPI growth posted the lowest price hike level since 2007 (CPI […] The post Vietnam CPI Edges Up 0.55% in February: GSO appeared first on Vietnam Business News.

Bird flu inspections strengthened at border gates Posted: 23 Feb 2014 10:44 PM PST The Health Ministry has taken drastic measures to strengthen health checks and the inspections of imported goods at border gates, with the aim of preventing bird flu viruses from entering the country. Tran Dac Phu, director of the ministry's Preventive Medicine Department, said that since the beginning of this year, nine teams have been established […] The post Bird flu inspections strengthened at border gates appeared first on Vietnam Business News.

Feb 24, 2014: StoxPlus Morning Brief Posted: 23 Feb 2014 10:37 PM PST Hanoi's consumer price index (CPI) rose just 0.49% in February against the previous month– a record low during the past 10 years, according to the municipal Statistics Office. Macro Economy Hanoi CPI hits 10-year record low in February Hanoi's consumer price index (CPI) rose just 0.49% in February against the previous month– a record low during […] The post Feb 24, 2014: StoxPlus Morning Brief appeared first on Vietnam Business News.

Software industry looks to extend 2013 growth trend Posted: 23 Feb 2014 10:33 PM PST Le Manh Ha, deputy chairman of the HCM City People’s Committee, made the remark after visiting IT companies on Tuesday, with representatives of the city Department of Information and Communication and the HCM City Computer Association. “Most enterprises in the software and IT services industry achieved a growth rate of 30 per cent or more […] The post Software industry looks to extend 2013 growth trend appeared first on Vietnam Business News.

Vietnam banking system tangled in web of cross ownership Posted: 23 Feb 2014 10:29 PM PST The government has asked commercial banks to cut cross ownership several times to strengthen the system, but experts say lenders are still stuck in a “spiderweb.” Prime Minister Nguyen Tan Dung repeated the order earlier this year, asking banks to list to avoid cross ownership, which can endanger the financial market and the entire economy. […] The post Vietnam banking system tangled in web of cross ownership appeared first on Vietnam Business News.

Banks hand out pink slips as profits fall Posted: 23 Feb 2014 10:25 PM PST Many major banks have announced a fall in profits for both last quarter and last year, leading to payroll cuts to reduce costs. Tuoi Tre (Youth) newspaper reported that Eximbank earned pre-tax profits of VND827 billion ($37.59 million), a steep fall from VND2.851 trillion in 2012. ACB reported losses of nearly VND293 billion in the […] The post Banks hand out pink slips as profits fall appeared first on Vietnam Business News.

Interest rates hamper credit growth Posted: 23 Feb 2014 10:22 PM PST Many commercial banks are struggling with a large amount of idling capital that they are unable to disburse given the ongoing situation of stagnant domestic consumerism and weak production. The situation raises pressing concerns related to high borrowing costs, which surpass the capacity of many enterprises. Experts argue that in order to unlock the trapped […] The post Interest rates hamper credit growth appeared first on Vietnam Business News.

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