The Business Times: Policy needed on wind investment

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• Policy needed on wind investment
• Profit-taking drags down national indices
• Larger lenders on track to hit annual targets
• Truck market sees steady growth
• Japanese businesses want to invest in Vietnam
• Binh Duong sees strong surge in H1 steel export
• Instant noodle firms eager to tap into Mexican market
• Vietjet Air plans to open air routes to RoK
• Banks eye ways to convert deposit boom into lending
• July 14: Vietnam Central Bank Keeps Dollar Exchange at VND21,246

Policy needed on wind investment Posted: 13 Jul 2014 11:19 PM PDT The Government needed to develop a policy that encouraged investment in wind power projects in order for the sector to progress, according to Germany’s GIZ Macroeconomic Reform Programme. In 2011, the Government issued Decision 37/2011/QD-TTg to support wind power projects with a target of reaching 1,000 megawatts (MW) by 2020 and 6,200MW by 2030, Le […] The post Policy needed on wind investment appeared first on Vietnam Business News.

Profit-taking drags down national indices Posted: 13 Jul 2014 08:51 PM PDT The market advanced in the first three sessions of last week, but weakened towards the end of the week as profit-taking pressures increased with the VN-Index moving near the resistance level of 600 points. On the HCM Stock Exchange, the benchmark VN-Index lost an accumulative 1.12 per cent to close Friday at 582.77 points. The […] The post Profit-taking drags down national indices appeared first on Vietnam Business News.

Larger lenders on track to hit annual targets Posted: 13 Jul 2014 08:18 PM PDT Several banks have posted satisfactory profits, achieving around half of the annual targets, during the first half of this year, the Sai Gon Dau Tu (Sai Gon Investment) online reported. They have achieved the results although the margins between deposits and lending interest rates were narrowing, and the business conditions remained tough. TPBank announced that […] The post Larger lenders on track to hit annual targets appeared first on Vietnam Business News.

Truck market sees steady growth Posted: 13 Jul 2014 08:13 PM PDT The domestic truck market has seen significant growth since the Ministry of Transport’s decision to increase control and oversight of overloaded vehicles and ensure the safety of all drivers on the roads. The ministry in April said overloaded trucks were a major cause of traffic accidents and road damage. The policy appears to have been […] The post Truck market sees steady growth appeared first on Vietnam Business News.

Japanese businesses want to invest in Vietnam Posted: 13 Jul 2014 08:02 PM PDT Around 30% of Japanese businesses that are intent on investing overseas consider Vietnam as their prime choice, according to a recent survey by Japan External Trade Organisation (JETRO). JETRO reported that it will conduct a fact-finding tour in the near future of key industrial zones in northern Vietnam, such as Hanoi, Hung Yen, Bac Ninh, […] The post Japanese businesses want to invest in Vietnam appeared first on Vietnam Business News.

Binh Duong sees strong surge in H1 steel export Posted: 13 Jul 2014 08:02 PM PDT Steel producers operating in the southern province of Binh Duong exported over 228,000 tonnes of steel products in the first half of this year, a year- on-year rise of over 63%. In June alone, local steel exporters' turnover increased four times compared to the same period last year. Le Phuoc Vu, Chairman of the Directors […] The post Binh Duong sees strong surge in H1 steel export appeared first on Vietnam Business News.

Instant noodle firms eager to tap into Mexican market Posted: 13 Jul 2014 07:45 PM PDT Vietnamese noodle manufacturers have a chance to tap the Mexican market which annually imports an estimated 1.6 billion packs worth US$500 million annually, according to the Mexico-based Vietnam Embassy's Trade Office. A trade office survey showed that instant noodles are primarily sold through 12 major supermarkets, such as Wal-Mart, Aurrera, Superama, Soriana, and Comercial Mexicana. […] The post Instant noodle firms eager to tap into Mexican market appeared first on Vietnam Business News.

Vietjet Air plans to open air routes to RoK Posted: 13 Jul 2014 07:25 PM PDT As planned, the first charter flight between the Danang and Incheon international airports will lift off on July 16, with the first Hanoi- Incheon commercial flight taking off on July 24. Vietjet Air has reported the plan to the Civil Aviation Administration of Vietnam (CAAV) and has completed all necessary conditions to proceed with the […] The post Vietjet Air plans to open air routes to RoK appeared first on Vietnam Business News.

Banks eye ways to convert deposit boom into lending Posted: 13 Jul 2014 05:54 PM PDT Commercial banks are seeking ways to boost lending as bank deposits have increased in the past few months. By the end of June, Viet Nam’s credit growth in the first half of this year surged only 3.52 per cent compared to last December, the State Bank of Viet Nam reported. HCM City-based commercial banks have […] The post Banks eye ways to convert deposit boom into lending appeared first on Vietnam Business News.

July 14: Vietnam Central Bank Keeps Dollar Exchange at VND21,246 Posted: 13 Jul 2014 03:44 PM PDT Vietnam’s Central Bank set the U.S. dollar’s exchange rate at VND21,246 on Monday 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, commercial banks quoted dollar prices at VND21,140-21,170/dollar for bid and VND21,200-21,230/dollar […] The post July 14: Vietnam Central Bank Keeps Dollar Exchange at VND21,246 appeared first on Vietnam Business News.

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