The Business Times: Credit Institutions Expect Better Business Results in Q3 and Q4

---

• Credit Institutions Expect Better Business Results in Q3 and Q4
• Apartment market shows positive growth
• Vietnam aims to reduce reliance on foreign imports
• VIB Posts VND151 Bln Before-tax Profit in 6 Months
• State Treasury Sells out VND5 Tln G-Bonds on July 17; Yields Down
• JBIC and BTMU Lends Nearly USD340 Mln to EVN for Thermal Power Project
• Vietnam’s marine economy faces challenges
• Vietnam Airlines pumps $25m into Jetstar Pacific
• Samsung promises to develop support industries
• Auto manufacturers rush to import pick-up trucks

Credit Institutions Expect Better Business Results in Q3 and Q4 Posted: 18 Jul 2014 07:33 PM PDT The State Bank of Viet Nam’s (SBV’s) has published quarterly survey of business trends of credit institutions for Quarter 3/2014. The survey results show that 90% expect that deposits and loans of the whole banking system will grow 3.6% in Q3 and 14.2% in 2014. More than 70% credit institutions expect deposit and lending interest […] The post Credit Institutions Expect Better Business Results in Q3 and Q4 appeared first on Vietnam Business News.

Apartment market shows positive growth Posted: 18 Jul 2014 07:30 PM PDT Both the Ho Chi Minh City and Hanoi apartment markets have seen an upward trend through the first half of the year, the Vietnam Investment Review (VIR) reported on July 18…. At the end of May, Vingroup announced its second phase of Times City Hanoi was up for sale at starting price of 1.9 billion […] The post Apartment market shows positive growth appeared first on Vietnam Business News.

Vietnam aims to reduce reliance on foreign imports Posted: 18 Jul 2014 07:23 PM PDT Vietnam is a developing country, and it has lacked equipment and materials to improve infrastructure to develop a market for domestic consumption and exports. Therefore, Vietnam has imported a huge volume of machinery, equipment and input material from Asian countries in the region for many years like China, the Republic of Korea and Japan. Now, […] The post Vietnam aims to reduce reliance on foreign imports appeared first on Vietnam Business News.

VIB Posts VND151 Bln Before-tax Profit in 6 Months Posted: 18 Jul 2014 07:20 PM PDT Vietnam International Commercial Joint Stock Bank (VIB) has announced the results of the first 6 months of 2014, local newswire NDH reported. Accordingly, VIB's pre-tax profit in the first 6 months reached VND151 billion, or 186% of 2013. This does not include more than VND100 billion profits from revaluation of its government bond portfolio. The […] The post VIB Posts VND151 Bln Before-tax Profit in 6 Months appeared first on Vietnam Business News.

State Treasury Sells out VND5 Tln G-Bonds on July 17; Yields Down Posted: 18 Jul 2014 07:18 PM PDT The State Treasury on July 17, 2014 sold out VND5 trrillion government bonds auctioned at the Hanoi Stock Exchange (HNX) at the yields of 5.79-6.83% p.a, local newspaper Banking Times reported. In the auction, the State Treasury planned to sell VND6 trillion worth of government bonds, distributed at VND2 trillion and VND3 trillion for 3-year […] The post State Treasury Sells out VND5 Tln G-Bonds on July 17; Yields Down appeared first on Vietnam Business News.

JBIC and BTMU Lends Nearly USD340 Mln to EVN for Thermal Power Project Posted: 18 Jul 2014 07:18 PM PDT Electricity of Vietnam (EVN) on July 17 signed a loan contract worth nearly USD340 million with Japan Bank for International Cooperation (JBIC) and Bank of Tokyo Mitsubishi UFJ (BTMU) for Vinh Tan 4 plant project, Saigon Economic Times reported. According to EVN, this contract is export credit loan guaranteed by the Government of Vietnam to […] The post JBIC and BTMU Lends Nearly USD340 Mln to EVN for Thermal Power Project appeared first on Vietnam Business News.

Vietnam’s marine economy faces challenges Posted: 18 Jul 2014 07:14 PM PDT Aside from large fishing vessels, marine economic development requires a lot of missions to be implemented synchronously.  – The Saigon Times Daily had a talk with Nguyen Huu Dung, vice chairman of the Vietnam Association of Seafood Exporters and Producers (VASEP), on the issue. Excerpts: Local media has extensively reported on supportive programs for fishermen […] The post Vietnam's marine economy faces challenges appeared first on Vietnam Business News.

Vietnam Airlines pumps $25m into Jetstar Pacific Posted: 18 Jul 2014 07:12 PM PDT Vietnamese national flag carrier Vietnam Airlines poured nearly US$25 million into low-cost carrier Jetstar Pacific, retaining its position as a leading shareholder with 69 per cent. Meanwhile, Australia’s Qantas Airways contributed more than $10 million, keeping its 30 per cent stake in the joint venture. Jetstar Pacific General Director Le Hong Ha told Transport newspaper […] The post Vietnam Airlines pumps $25m into Jetstar Pacific appeared first on Vietnam Business News.

Samsung promises to develop support industries Posted: 18 Jul 2014 07:09 PM PDT The South Korean electronics group Samsung has agreed to cooperate with the Ministry of Planning and Investment, Foreign Investment Agency and the Vietnam Association of Mechanical Industry (VAMI) to develop domestic support industries. "The cooperation model for Samsung and Vietnamese enterprises is being built up. If it succeeds, it will open a new way out […] The post Samsung promises to develop support industries appeared first on Vietnam Business News.

Auto manufacturers rush to import pick-up trucks Posted: 18 Jul 2014 07:05 PM PDT Automobile joint ventures in Vietnam have been importing pick-up trucks from their factories in Southeast Asia in large quantities for domestic sale. A report from the General Department of Customs showed that 4,300 cars were imported under the mode of complete built unit (CBU) to Vietnam from ASEAN countries in the first five months of […] The post Auto manufacturers rush to import pick-up trucks appeared first on Vietnam Business News.

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610