The Business Times: Car producers, importers split over special consumption tax

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• Car producers, importers split over special consumption tax
• Sugar stocks hit record high of 710,000 tons
• Apr 18: Vietnam gold edges down to VND35.47Mln/Tael
• Bank merger deals near
• State treasury sells VND3.873 Tln G-Bonds on Arp 17
• April 18: Vietnam central bank keeps Dollar exchange at VND21,036
• Vietnam central bank net withdraws VND7,708 Bln on Apr 17
• Small banks undergo restructuring through M&A
• Vietnam wins rice export contract to Philippines
• PM vows best support for fisheries sector

Car producers, importers split over special consumption tax Posted: 17 Apr 2014 08:19 PM PDT Vietnam’s automotive manufacturers have asked for changes to the current car tax scheme amid objections from importers. Soon after the the Vietnam Automobile Manufacturers' Association (VAMA) petitioned the government to overhaul its system for calculating Vietnam”s special consumption tax on cars, six automotive importers drafted letters asking that things remain unchanged, Thoi bao Kinh te […] The post Car producers, importers split over special consumption tax appeared first on Vietnam Business News.

Sugar stocks hit record high of 710,000 tons Posted: 17 Apr 2014 08:17 PM PDT Sugar stocks were estimated at 710,000 tons as of beginning April- the highest level so far, vnexpress.net reported, citing data from the Vietnam Sugar and Sugar Cane Association. Of the sum, 683,000 tons are stocks at the sugar refineries and the balance are at the sugar trading firms. Sugar refineries and trading firms are now […] The post Sugar stocks hit record high of 710,000 tons appeared first on Vietnam Business News.

Apr 18: Vietnam gold edges down to VND35.47Mln/Tael Posted: 17 Apr 2014 08:10 PM PDT This morning, Vietnam gold was traded down by VND20,000/tael versus yesterday close at VND35.47 million a tael, following the world suit. As of 09:09 am today, Hanoi time, SJC Hochiminh was traded at VND35.41 million/tael for bid and VND35.47 million/tael for ask, respectively. SJC in the North quoted at VND35.41 million/tael for bid and VND35.49 […] The post Apr 18: Vietnam gold edges down to VND35.47Mln/Tael appeared first on Vietnam Business News.

Bank merger deals near Posted: 17 Apr 2014 08:05 PM PDT The banking sector is likely to see a series of merger and acquisition deals in the next few months after a series of banks announced their plans to merge with other credit institutions. An insider told VIR last week that Mekong Development Bank (MDP) was about to merge with Maritime Bank. The source added that […] The post Bank merger deals near appeared first on Vietnam Business News.

State treasury sells VND3.873 Tln G-Bonds on Arp 17 Posted: 17 Apr 2014 04:55 PM PDT The State Treasury on April 17, 2014 sold VND3.873 trillion government bonds out of VND8 trillion auctioned at the Hanoi Stock Exchange (HNX) at the yields of 5.66-7.24% p.a, local newswire NDH reported. In the auction, the State Treasury planned to sell VND8 trillion worth of government bonds, distributed at VND2 trillion, VND3 trillion and […] The post State treasury sells VND3.873 Tln G-Bonds on Arp 17 appeared first on Vietnam Business News.

April 18: Vietnam central bank keeps Dollar exchange at VND21,036 Posted: 17 Apr 2014 04:12 PM PDT Vietnam’s Central bank set the U.S. dollar’s exchange rate at VND21,036 on Friday, unchanged for nearly 10 months. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today was VND21,246. Today, some commercial banks raised, some lowered […] The post April 18: Vietnam central bank keeps Dollar exchange at VND21,036 appeared first on Vietnam Business News.

Vietnam central bank net withdraws VND7,708 Bln on Apr 17 Posted: 17 Apr 2014 04:09 PM PDT The State Bank of Vietnam (SBV) net withdrew VND7,708 billion on April 17, 2014, local newswire NDH reported citing data from SSI Research. In details, the SBV neither pumped nor withdrew any money through open market operation (OMO). As of April 17, there were no outstanding loans on OMO. On the day, SBV issued VND8,000 […] The post Vietnam central bank net withdraws VND7,708 Bln on Apr 17 appeared first on Vietnam Business News.

Small banks undergo restructuring through M&A Posted: 17 Apr 2014 03:19 PM PDT Small banks merging into bigger banks is becoming a growing trend in Vietnam. The State Bank of Vietnam (SBV) said it wants to reduce the number of commercial banks by half after three years, according to an article published on the English language news website VietNamNet Bridge on April 16. A senior official of the […] The post Small banks undergo restructuring through M&A appeared first on Vietnam Business News.

Vietnam wins rice export contract to Philippines Posted: 17 Apr 2014 06:51 AM PDT Vietnam has won a contract to supply 800,000 tonnes of rice to the Philippines, the Vietnam Food Association said on April 15. Under the contract, rice will be delivered to the Philippines from May till August. The signing of the contract is expected to fuel rice prices in the Mekong Delta, Vietnam's largest granary. The […] The post Vietnam wins rice export contract to Philippines appeared first on Vietnam Business News.

PM vows best support for fisheries sector Posted: 17 Apr 2014 06:50 AM PDT The Government will issue a decree offering more support to the country's fisheries sector, putting it on a fast and sustainable road to growth, Prime Minister Nguyen Tan Dung has promised. At a conference on the development of the seafood industry in the central city of Danang on April 15, Dung called for closer State […] The post PM vows best support for fisheries sector appeared first on Vietnam Business News.

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