The Business Times: Open-end funds still cannot jump high

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• Open-end funds still cannot jump high
• US$1.2 billion paper facility to resume construction
• Over 20 million kWhs of wind power generated
• City looks to promote credit growth
• Outstanding loans in HCM city estimated at 962.4tr dong as of january 2014
• Central bank pledges consistent, flexible forex policy
• ACB overcomes ‘loss nightmare’ from gold trading activities
• SBV net injects vnd632 bln on feb 6
• VND30 tln package: Lending term may be up to 15 years
• State Treasury sold vnd18.262 tln G-bonds since early 2014

Open-end funds still cannot jump high Posted: 09 Feb 2014 10:46 PM PST Open end funds will not be popular in Vietnam until 2015, economists say. More than 90 percent of the assets of the investment funds in the world are being kept at open end funds. However, it is quite different in Vietnam. Open end funds more "open" than close end funds Shortly after the watchdog agency […] The post Open-end funds still cannot jump high appeared first on Vietnam Business News.

US$1.2 billion paper facility to resume construction Posted: 09 Feb 2014 10:40 PM PST The southern Hau Giang province's People's Committee has given the green light for Lee & Man Group to resume construction of a US$1.2 billion paper complex. In June 2007, the provincial People's Committee initially granted an investment license to construct the complex but it has been delayed four times for financial and other scheduling reasons. […] The post US$1.2 billion paper facility to resume construction appeared first on Vietnam Business News.

Over 20 million kWhs of wind power generated Posted: 09 Feb 2014 10:29 PM PST Bac Lieu Wind Power Plant has generated more than 20 million kWhs since it came on stream nine months ago. In May 2013, the first 10 wind turbines were installed with a combined design capacity of producing 56 million kWhs for the national grid. On February 8, 2014, engineers began working on foundations to install […] The post Over 20 million kWhs of wind power generated appeared first on Vietnam Business News.

City looks to promote credit growth Posted: 09 Feb 2014 10:27 PM PST The banking sector in HCM City is developing measures to increase credit growth to 12 -14 per cent by strengthening links between banks and companies, according to an official from the State Bank of Viet Nam. The HCM City branch deputy director, Nguyen Hoang Minh, said the local sector would likely double the credit line […] The post City looks to promote credit growth appeared first on Vietnam Business News.

Outstanding loans in HCM city estimated at 962.4tr dong as of january 2014 Posted: 09 Feb 2014 10:21 PM PST As reported by the State Bank of Vietnam – HCM Branch, as of January 2014, total outstanding loans of credit organisations in HCM City is estimated to have reached 962.4 trillion dong, up 1 percent compared to 2013. As reported by the State Bank of Vietnam – HCM Branch, as of January 2014, total outstanding […] The post Outstanding loans in HCM city estimated at 962.4tr dong as of january 2014 appeared first on Vietnam Business News.

Central bank pledges consistent, flexible forex policy Posted: 09 Feb 2014 10:20 PM PST The State Bank of Vietnam (SBV) is committed to a consistent but flexible policy on foreign exchange management this year with a view to maintaining currency market stability and increases foreign currency reserves. The central bank considered 2013 a successful year, as the two major goals of keeping exchange rates under control and increasing the […] The post Central bank pledges consistent, flexible forex policy appeared first on Vietnam Business News.

ACB overcomes ‘loss nightmare’ from gold trading activities Posted: 09 Feb 2014 10:18 PM PST If in the year 2012, the gold account settlement "gobbled up" 1.7 trillion dong of Asia Commercial Bank (ACB)'s profit, in the year 2013, the bank has gradually escaped from the obsession caused by the "nightmare" of loss from gold. If in the year 2012, the gold account settlement "gobbled up" 1.7 trillion dong of […] The post ACB overcomes 'loss nightmare' from gold trading activities appeared first on Vietnam Business News.

SBV net injects vnd632 bln on feb 6 Posted: 09 Feb 2014 10:17 PM PST The State Bank of Vietnam (SBV) net pumped VND632 billion through OMO on Feb 6, 2014, local newswire Tri Thuc Tre reported. In details, the SBV pumped VND632 billion through open market operation (OMO) while withdrew no money, resulting in net injection of VND632 billion. As of February, the total outstanding loans on OMO were […] The post SBV net injects vnd632 bln on feb 6 appeared first on Vietnam Business News.

VND30 tln package: Lending term may be up to 15 years Posted: 09 Feb 2014 10:15 PM PST The State Bank of Vietnam (SBV) may extend the lending term of the social housing support package to up to 15 years in an effort to speed up its disbursement, local newswire 24h reported. The information is from Tran Xuan Chau, Deputy Director of the SBV's Credit Department. According to current regulation, the maximum time […] The post VND30 tln package: Lending term may be up to 15 years appeared first on Vietnam Business News.

State Treasury sold vnd18.262 tln G-bonds since early 2014 Posted: 09 Feb 2014 10:14 PM PST Since the beginning this year, Treasury has sold a total of VND18.262 trillion government bonds out of VND19 trillion called for bid (96%), local newswire Tri Thuc Tre reported. The sold bonds were in 1-year, 2-year, 3-year and 5-year terms with the amounts of VND6 trillion, VND5 trillion, VND3.912 trillion and VND3.35 trillion respectively. It […] The post State Treasury sold vnd18.262 tln G-bonds since early 2014 appeared first on Vietnam Business News.

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