The Business Times: EU pledges US$736 million in ODA for 2014

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• EU pledges US$736 million in ODA for 2014
• Government pushes domestic rice exports
• Brighter pathway for Vietnam-Germany cooperation
• FDI inflows drop in first half of the year
• System to evaluate e-commerce sites
• PVcomBank Earns VND31.6 Bln Before-tax Profit in 5 Months
• June 25: Vietnam Central Bank Keeps Dollar Exchange at VND21,246
• Vietnam Central Bank Net Withdraws VND2.118 Tln on June 24
• Cement, Steel Consumptions Jump
• Bac Ninh, Thai Nguyen compete for huge Samsung project

EU pledges US$736 million in ODA for 2014 Posted: 25 Jun 2014 09:14 PM PDT The European Union (EU) has committed EUR542 million (US$736 million) in official development assistance to Vietnam this year, and the level of aid would also be maintained for the coming years. The information was announced by Dr Franz Jessen, Ambassador-Head of the Delegation of the EU to Vietnam, at a ceremony on June 25 to […] The post EU pledges US$736 million in ODA for 2014 appeared first on Vietnam Business News.

Government pushes domestic rice exports Posted: 25 Jun 2014 09:13 PM PDT Ministries and related sectors should closely follow the development of rice markets at home and abroad and expand trade promotion activities for increasing Vietnamese rice exports. Deputy Prime Minister Hoang Trung Hai said that Government has issued a notice, focusing on the rice export situation in the past and on solutions for increasing rice exports […] The post Government pushes domestic rice exports appeared first on Vietnam Business News.

Brighter pathway for Vietnam-Germany cooperation Posted: 25 Jun 2014 09:12 PM PDT Vietnam-Germany friendship and economic ties have been flourishing over recent years, since the two countries agreed to elevate their relationship to that of an equal strategic partnership. Minister of Industry and Trade Vu Huy Hoang made the comment on June 25 in a keynote address delivered at the opening of a Vietnam-Germany Business Forum in […] The post Brighter pathway for Vietnam-Germany cooperation appeared first on Vietnam Business News.

FDI inflows drop in first half of the year Posted: 25 Jun 2014 09:11 PM PDT The country attracted US$6.85 billion in foreign direct investment (FDI) in the first half of this year, down 35% as compared to same period last year. According to the latest report of the Foreign Investment Agency, of the total US$6.85 billion, US$4.85 billion came from 656 newly-licenced projects while the remainder was from 219 existing […] The post FDI inflows drop in first half of the year appeared first on Vietnam Business News.

System to evaluate e-commerce sites Posted: 25 Jun 2014 08:21 PM PDT The Department of E-commerce under the Ministry of Industry and Trade on Sunday introduced a system to assess the trustworthiness of e-commerce websites in Viet Nam in a bid to protect local customers from online trade frauds. Built in co-operation with Thang Long Indochina Joint Stock Co, a prominent online security firm in Viet Nam, […] The post System to evaluate e-commerce sites appeared first on Vietnam Business News.

PVcomBank Earns VND31.6 Bln Before-tax Profit in 5 Months Posted: 25 Jun 2014 03:49 AM PDT Vietnam Oil and Gas Group (PVN) has just announced the financial results in 5 months of Vietnam Public Commercial Joint Stock Bank (PVcomBank), local newswire NDH reported. Accordingly, as of May 31, 2014, the bank's total assets were estimated at VND94.089 trillion; capital mobilization reached VND65.075 trillion; outstanding loans reached VND38.837 trillion. In 5 months, […] The post PVcomBank Earns VND31.6 Bln Before-tax Profit in 5 Months appeared first on Vietnam Business News.

June 25: Vietnam Central Bank Keeps Dollar Exchange at VND21,246 Posted: 25 Jun 2014 03:49 AM PDT Vietnam’s Central Bank set the U.S. dollar’s exchange rate at VND21,246 on Wednesday after rising by 1% on June 19. 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 VND21,458.5. Today, some commercial banks raised, […] The post June 25: Vietnam Central Bank Keeps Dollar Exchange at VND21,246 appeared first on Vietnam Business News.

Vietnam Central Bank Net Withdraws VND2.118 Tln on June 24 Posted: 25 Jun 2014 03:48 AM PDT The State Bank of Vietnam (SBV) net withdrew VND2.118 trillion on June 24, 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 June 24, there was no outstanding loan on OMO. On the day, the SBV issued […] The post Vietnam Central Bank Net Withdraws VND2.118 Tln on June 24 appeared first on Vietnam Business News.

Cement, Steel Consumptions Jump Posted: 25 Jun 2014 03:46 AM PDT Consumption of cement jumped by 10% on year while consumption of construction steel also increased by 8% on year in the first half of this year, xaydung.gov.vn-the Ministry of Construction (MoC)'s portal reported. According to data from the Vietnam Cement Association (VNCA), Vietnam consumed total of 33 million tons of cement in the first 6 […] The post Cement, Steel Consumptions Jump appeared first on Vietnam Business News.

Bac Ninh, Thai Nguyen compete for huge Samsung project Posted: 25 Jun 2014 03:42 AM PDT Bac Ninh and Thai Nguyen provinces are competing to win the contract for a new Samsung investment project that involves manufacture of hi-tech screens. Sources said the "super project" that Bac Ninh and Thai Nguyen are trying to scramble for is Samsung Display, specializing in making screens of different kinds with advanced technologies. Sources from […] The post Bac Ninh, Thai Nguyen compete for huge Samsung project appeared first on Vietnam Business News.

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