The Business Times: Over 1 million tons of contracted rice yet to be shipped

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• Over 1 million tons of contracted rice yet to be shipped
• India eyes VN cotton textile market
• Domestic fertiliser supply stable: MoIT
• EVN tightens investment rules
• Shrimp exports see bright prospect
• Banks seen lowering home loan rates this year
• SBV Net Withdraws VND6,071 Bln on Feb 18
• SHB gains 757.41b dong profit in 2013
• SBV issues 6tr dong of T-bill on February 17, 2014
• Too big gap in profit of top five joint stock banks

Over 1 million tons of contracted rice yet to be shipped Posted: 18 Feb 2014 11:14 PM PST Over one million tons of rice that has been contracted with foreign buyers has yet to be shipped though rice traders already exported 307,000 tons in January, according to the Vietnam Food Association (VFA). Based on the preliminary statistics, the volume of pending contracts totals about 1.047 million tons, an increase of 39% compared to […] The post Over 1 million tons of contracted rice yet to be shipped appeared first on Vietnam Business News.

India eyes VN cotton textile market Posted: 18 Feb 2014 11:14 PM PST Vying for a bigger share of the Vietnamese market, Indian cotton textile companies met with Vietnamese businesses yesterday in HCM City to promote the benefits of enhanced trade. At the meeting were representatives from more than 20 companies from India, one of the biggest cotton textile manufacturers in the world. Manikam Ramaswami, chairman of India’s […] The post India eyes VN cotton textile market appeared first on Vietnam Business News.

Domestic fertiliser supply stable: MoIT Posted: 18 Feb 2014 11:14 PM PST The domestic fertiliser market has had no fluctuations in the first two months of the year due to stable fertiliser demand for the winter-spring rice crop in the South and large-scale domestic output, according to the Ministry of Industry and Trade. In January, the country’s fertiliser production slightly increased against the same period last year. […] The post Domestic fertiliser supply stable: MoIT appeared first on Vietnam Business News.

EVN tightens investment rules Posted: 18 Feb 2014 11:11 PM PST Electricity of Viet Nam (EVN) will not partner with, invest in or buy shares in the real estate sector, banks, and other financial sectors, except under the prime minister’s authorisation. As part of this policy, EVN, a State-owned electricity provider, will not consider investment in securities companies, hedge funds and securities investment companies, according to […] The post EVN tightens investment rules appeared first on Vietnam Business News.

Shrimp exports see bright prospect Posted: 18 Feb 2014 11:07 PM PST Shrimp exports are expected to rise strongly this year given positive signals from importing markets, prompting many households to keep on farming shrimps despite the threat of ongoing diseases. Optimistic outlook According to the Vietnam Association of Seafood Exporters and Producers (VASEP), Japan's Ministry of Health, Labor and Welfare last month announced to raise allowable […] The post Shrimp exports see bright prospect appeared first on Vietnam Business News.

Banks seen lowering home loan rates this year Posted: 18 Feb 2014 11:05 PM PST Some banks have announced to offer lower lending rates for homebuyers in 2014 but lending conditions would not be loosened. Since late last year, local lenders have launched many loan packages focusing on consumers and homebuyers instead of attracting depositors like in previous years. HDBank has offered the lowest rate of 6.8% per annum for […] The post Banks seen lowering home loan rates this year appeared first on Vietnam Business News.

SBV Net Withdraws VND6,071 Bln on Feb 18 Posted: 18 Feb 2014 11:03 PM PST The State Bank of Vietnam (SBV) net withdrew VND71 billion through OMO and VND6,000 billion via issuing T-bills, resulting in net withdrawal of VND 6,071 billion on Feb 18, 2014, local newswire NDH reported citing data from SSI Research. In details, the SBV pumped VND30 billion through open market operation (OMO) while withdrew VND101 billion, […] The post SBV Net Withdraws VND6,071 Bln on Feb 18 appeared first on Vietnam Business News.

SHB gains 757.41b dong profit in 2013 Posted: 18 Feb 2014 11:02 PM PST Saigon Hanoi Commercial Joint Stock Bank (SHB) announced the consolidated financial statement of Q4/2013 with 670.81 billion dong of net interest income, 2.08 times higher than that of Q4/2012. In Q4/2013, net profit from service business activities reached 12.07 billion dong, down 63.65 percent compared to that of Q4/2012. Meanwhile, the bank incurred 66.92 billion […] The post SHB gains 757.41b dong profit in 2013 appeared first on Vietnam Business News.

SBV issues 6tr dong of T-bill on February 17, 2014 Posted: 18 Feb 2014 11:01 PM PST According to SSI Research's statistic, the State Bank of Vietnam (SBV) injected 80 billion dong on open market operation and withdrew 80 billion dong on February 17 2014. OMO volume in circulation reached 443 billion dong as of February 17 2014. On the same day, the SBV issued 6 trillion dong of Treasury bill and […] The post SBV issues 6tr dong of T-bill on February 17, 2014 appeared first on Vietnam Business News.

Too big gap in profit of top five joint stock banks Posted: 18 Feb 2014 10:59 PM PST Late last week, many commercial banks simultaneously announced their financial report for the fourth quarter of 2013. The top five leading commercial joint stock banks continued to see a big gap in profit. For many years, Asia Commercial Joint Stock Bank (ACB), Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank-STB), Vietnam Export and Import Commercial […] The post Too big gap in profit of top five joint stock banks appeared first on Vietnam Business News.

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