The Business Times: Dollar price barely rises despite high demand

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• Dollar price barely rises despite high demand
• SBV governor puts bad debt at VND500 trillion
• German businesses heavily invest in Vietnam
• Inflation drops to 3.62% despite sharp monthly rise in consumer prices
• ODA disbursements climb 10% in nine months
• Malaysia, Vietnam share FDI attraction experience
• Vietnam-Brazil trade turnover exceeds US$2 billion
• New Zealand to support Can Tho in agriculture innovation
• Vietnam sees big jump in beer production
• Local businesses seek way to win on home turf

Dollar price barely rises despite high demand Posted: 03 Oct 2014 08:13 PM PDT Ample dollar liquidity at banks helps keep the greenback from surging although now is the time for high forex demand as traders boost imports and settle their bills with foreign suppliers. A U.S. dollar sold for VND21,255 at Techcombank and at VND21,245 at Vietcombank Tuesday, equivalent to the prices of last weekend and a slight […] The post Dollar price barely rises despite high demand appeared first on Vietnam Business News.

SBV governor puts bad debt at VND500 trillion Posted: 03 Oct 2014 08:12 PM PDT Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh, speaking at a question-and-answer session of the National Assembly (NA) Standing Committee in Hanoi on September 29, put bad debt in the banking system at VND500 trillion. Binh made no mention of when the bad debt figure was calculated but said VND240 trillion out […] The post SBV governor puts bad debt at VND500 trillion appeared first on Vietnam Business News.

German businesses heavily invest in Vietnam Posted: 03 Oct 2014 08:12 PM PDT Germany, with 236 foreign direct investment (FDI) projects valued at US$1.34 billion as of September 1, ranked 22nd among 101 nations and territories investing in Vietnam. German businesses have invested in a cumulative total of 177 cooperation projects valued at US$917.93 million, 52 joint venture projects at US$409.16 million with the remaining projects implemented in […] The post German businesses heavily invest in Vietnam appeared first on Vietnam Business News.

Inflation drops to 3.62% despite sharp monthly rise in consumer prices Posted: 03 Oct 2014 08:11 PM PDT Vietnam's annual inflation in September as measured by the consumer price index (CPI) fell to 3.62% from the 4.31% rate in August although consumer prices saw a marked rise over the previous month. The General Statistics Office (GSO) has reported that consumer prices in September went up by 0.4%, the largest one-month rise since March. […] The post Inflation drops to 3.62% despite sharp monthly rise in consumer prices appeared first on Vietnam Business News.

ODA disbursements climb 10% in nine months Posted: 03 Oct 2014 08:01 PM PDT The cumulative total ODA disbursements during the first nine months of the year jumped 10% over last year's corresponding period to US$4.105 billion. According to the Ministry of Planning and Investment (MPI), total ODA capital sources and preferential loans reached US$3.519 billion in the nine month period, of which US$3.459 billion were ODA loans and […] The post ODA disbursements climb 10% in nine months appeared first on Vietnam Business News.

Malaysia, Vietnam share FDI attraction experience Posted: 03 Oct 2014 08:00 PM PDT Deputy Minister of Planning and Investment Nguyen Van Trung on October 2 worked with Malaysian Investment and Development Agency (MIDA) CEO Ahmad Khairuddin Abdul Rahim, head of the MIDA delegation. Trung is on a two-day working visit to Malaysia to learn from the country's investment attraction experience aiming to increase bilateral cooperation in this field. […] The post Malaysia, Vietnam share FDI attraction experience appeared first on Vietnam Business News.

Vietnam-Brazil trade turnover exceeds US$2 billion Posted: 03 Oct 2014 07:48 PM PDT The trade turnover between Vietnam and Brazil was estimated at US$2.005 billion in the first eight months of this year. Of this figure, Vietnam's exports to Brazil reached US$909.8 million, up 31.6% compared to the same period last year, while its imports from the South American country stayed at US$1.095 million, up 42.9%. Among Vietnam's […] The post Vietnam-Brazil trade turnover exceeds US$2 billion appeared first on Vietnam Business News.

New Zealand to support Can Tho in agriculture innovation Posted: 03 Oct 2014 07:47 PM PDT Can Tho wants to strengthen agricultural cooperation with New Zealand, said Chairman of the city People's Committee Le Hung Dung at a reception for Ambassador Haike Manning on October 3. During the meeting, the two sides shared experience in rice production, ornamental plant cultivation, and agricultural processing and preservation of agricultural and dairy products. Ambassador […] The post New Zealand to support Can Tho in agriculture innovation appeared first on Vietnam Business News.

Vietnam sees big jump in beer production Posted: 03 Oct 2014 07:46 PM PDT Vietnam has seen a large increase in beer production over the past decade, and among the 25 biggest beer producers worldwide in 2013. According to a report named Global Beer Production by Country in 2013, conducted by Japanese firm Kirin Brewery, in 2003 Vietnam produced only 1.05 billion litres of beer, which placed it 27th […] The post Vietnam sees big jump in beer production appeared first on Vietnam Business News.

Local businesses seek way to win on home turf Posted: 03 Oct 2014 07:45 PM PDT Participants at an October 3 seminar on retails and investment policies raised their concern over the domination of foreign retailers who, thanks to their advantages in capital and technology, may defeat local ones. Dr. Dinh Thi My Loan, Chairwoman of the Vietnam Retailers Association, said the modern retail sector is experiencing fierce competition between local […] The post Local businesses seek way to win on home turf appeared first on Vietnam Business News.

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