The Business Times: Commercial banks are indifferent to SBV refinancing

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• Commercial banks are indifferent to SBV refinancing
• Airport project can proceed without Japanese ODA, civil aviation authority says
• Cement industry on path to recovery
• SOEs urged growth based on market rules
• Investors not enthused by port IPOs
• Developers remain uncertain of local property market
• Stockpiling helps to boost rice farmers’ profits
• CPI to rise due to health-care charges
• Singapore rice imports
• City firms look to cut import reliance

Commercial banks are indifferent to SBV refinancing Posted: 11 Jun 2014 10:53 PM PDT Surprisingly, no commercial bank has asked for refinancing from the State Bank (SBV), although SBV is ready to disburse funds. In principle, the commercial banks which sell bad debts to the Vietnam Asset Management Company (VAMC), instead of cash, would receive special bonds, which can be mortgaged to get refinancing loans from the State Bank. […] The post Commercial banks are indifferent to SBV refinancing appeared first on Vietnam Business News.

Airport project can proceed without Japanese ODA, civil aviation authority says Posted: 11 Jun 2014 10:43 PM PDT Lai Xuan Thanh, head of the Civil Aviation Authority of Vietnam (CAAV), said that the Long Thanh Airport project in the south could proceed even without Official Development Assistance (ODA) from Japan. Japanese press agencies have reported that the Japanese government may reconsider its policy on granting ODA to Vietnam following the allegations of Vietnamese […] The post Airport project can proceed without Japanese ODA, civil aviation authority says appeared first on Vietnam Business News.

Cement industry on path to recovery Posted: 11 Jun 2014 10:41 PM PDT The country’s cement market has seen positive results after a long, quiet period, with both domestic cement consumption and exports having increased. According to the Viet Nam National Cement Association, domestic cement consumption in the first five months of the year reached 20.42 million tonnes, posting a 9.3 per cent increase over the same period […] The post Cement industry on path to recovery appeared first on Vietnam Business News.

SOEs urged growth based on market rules Posted: 11 Jun 2014 10:41 PM PDT State-owned enterprises (SOEs) should develop further in accordance with market mechanisms, said experts at a conference in the city. After more than 10 years of implementation of the Party’s resolutions on SOEs, the sector has made significant contributions towards the national economy, said Vuong Dinh Hue, chairman of the Party Central Committee’s Commission for Economic […] The post SOEs urged growth based on market rules appeared first on Vietnam Business News.

Investors not enthused by port IPOs Posted: 11 Jun 2014 10:39 PM PDT A large part of the shares of State-owned sea ports could not find buyers at the ports’ initial public offerings (IPOs). At Da Nang Port’s IPO yesterday, only nearly 19.6 per cent of more than 8.3 million shares put on auction were sold to 80 investors at an average price ofVND11.401 (US$0.54) per share. Da […] The post Investors not enthused by port IPOs appeared first on Vietnam Business News.

Developers remain uncertain of local property market Posted: 11 Jun 2014 10:38 PM PDT Viet Nam’s property market is revising but depending too much on the financial market, which makes investment still risky, so developers should take prudential steps towards the market. The warning was delivered at a member meeting of Viet Nam Real Estate Association (VNRE) earlier this week. Statistics by HCM City Department of Planning and Investment […] The post Developers remain uncertain of local property market appeared first on Vietnam Business News.

Stockpiling helps to boost rice farmers’ profits Posted: 11 Jun 2014 10:35 PM PDT A Government programme to create a temporary stockpile of one million tonnes of rice from the winter-spring crop has ensured that many farmers in the Cuu Long (Mekong) River Delta earned profits, a meeting heard yesterday in Long An Province. To prevent prices from falling during the peak rice harvest season, the Government tasked food […] The post Stockpiling helps to boost rice farmers’ profits appeared first on Vietnam Business News.

CPI to rise due to health-care charges Posted: 11 Jun 2014 10:34 PM PDT The country’s consumer price index (CPI) in June is set to increase between 0.5 and 0.6 per cent against the previous month, according to the Vietcombank Securities Co (VCBS). The anticipated hike is significant when compared to the rise in the past few months. According to the General Statistics Office, CPI’s rise was low at […] The post CPI to rise due to health-care charges appeared first on Vietnam Business News.

Singapore rice imports Posted: 11 Jun 2014 10:31 PM PDT A number of Singaporean businesses paid due attention to Vietnamese rice, especially Jasmine rice, and affirmed that they will continue to import the Vietnamese rice. The statement was made during a two-day working visit to Singapore early this week led by Deputy Minister of Industry and Trade Tran Anh Tuan. During the meeting with Singaporean […] The post Singapore rice imports appeared first on Vietnam Business News.

City firms look to cut import reliance Posted: 11 Jun 2014 10:03 PM PDT HCM City-based companies have asked for preferential policies, including credit and tax incentives, to enable them to produce feedstock locally and reduce their imports. Speaking at a meeting on Monday between city authorities and representatives of companies and business groups, Tran Viet Anh, deputy chairman of the HCM City Rubber – Plastic Manufacturers Association, said […] The post City firms look to cut import reliance appeared first on Vietnam Business News.

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