The Business Times: Moody”s sees improved outlook at six banks

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• Moody”s sees improved outlook at six banks
• FDI disbursement rises 3.2% in January-September
• HCM City–Singapore air route one of the busiest in Vietnam
• Bond issuances by gov’t limits bank loans
• More FDI enterprises get customs incentives
• HSBC appoints new COO
• VietJetAir launches second air route to Can Tho
• Agricultural firms hard to access bank loans
• Delta localities join hands to woo tourists
• Stability in spite of woes

Moody”s sees improved outlook at six banks Posted: 21 Oct 2014 06:43 PM PDT Moody’s has placed six Vietnamese banks on positive outlook, the credit rating agency announced on its website on Monday. It upgraded the ratings of the Vietnam International Bank (VIB) by one notch to B2, while affirming the ratings of five other banks at B3 and changing their outlooks to positive. The five banks include Military […] The post Moody”s sees improved outlook at six banks appeared first on Vietnam Business News.

FDI disbursement rises 3.2% in January-September Posted: 21 Oct 2014 06:42 PM PDT Disbursement of direct foreign investment (FDI) in Vietnam in the first nine months of 2014 rose slightly by 3.2% from the previous year to US$8.9 billion. However, total FDI pledges during January-September dipped by 25.5% year on year to US$11.18 billion, according to the Foreign Investment Agency under the Ministry of Planning and Investment. Revenue […] The post FDI disbursement rises 3.2% in January-September appeared first on Vietnam Business News.

HCM City–Singapore air route one of the busiest in Vietnam Posted: 21 Oct 2014 06:40 PM PDT Flights connecting Vietnam and Singapore are seeing unprecedented growth rate, according to industry observers. Singapore now has air connections with three cities in the country, HCM City, Hanoi and Da Nang, and starting in November, with Phu Quoc Island. Seven airlines are now competing on the Singapore – HCM City air route. They include two […] The post HCM City–Singapore air route one of the busiest in Vietnam appeared first on Vietnam Business News.

Bond issuances by gov’t limits bank loans Posted: 21 Oct 2014 06:37 PM PDT Businesses would have more opportunities to access bank loans at low interest rates if the government had not issued so many bonds, experts believe. Vietnamese have a saying "areca and rice, you can't have both". The areca nut tree, a drought-resistant plant, will bear good fruit in a dry year. Rice will wither and the […] The post Bond issuances by gov't limits bank loans appeared first on Vietnam Business News.

More FDI enterprises get customs incentives Posted: 21 Oct 2014 06:36 PM PDT Though Samsung Electro-Mechanics Vietnam and Hansol Electronics Vietnam have been recognized as priority enterprises to benefit from special customs incentives though they have not put into operation any project in this country. To meet the requirements of customs incentives, enterprises have to be operational at least two years, or obtain a minimum annual export turnover […] The post More FDI enterprises get customs incentives appeared first on Vietnam Business News.

HSBC appoints new COO Posted: 21 Oct 2014 06:32 PM PDT Karine Colyn has joined HSBC Vietnam Bank as chief operating officer (COO) this month. Karine has more than 15 years of experience in banking with specific focus on operational management, business transformation and project management. She held senior positions at ABN AMRO Bank in the Netherlands, India and Hong Kong before joining HSBC in 2009. […] The post HSBC appoints new COO appeared first on Vietnam Business News.

VietJetAir launches second air route to Can Tho Posted: 21 Oct 2014 06:32 PM PDT VietJet Aviation Joint Stock Company (VietJetAir) has launched a new service connecting Hanoi and Can Tho, its second air route to the Mekong Delta city after its Danang-Can Tho service that began three months ago. VietJetAir conducts seven weekly flights. It takes the second largest airline in Vietnam two hours and ten minutes to complete […] The post VietJetAir launches second air route to Can Tho appeared first on Vietnam Business News.

Agricultural firms hard to access bank loans Posted: 21 Oct 2014 06:31 PM PDT Agricultural enterprises have voiced a series of difficulties in accessing bank loans as apart from the challenges caused by the economic slowdown, they are facing more weather and market risks than those in other sectors. Nguyen Thi Hang, general secretary of the Vietnam Beekeepers Association, told a forum on agricultural enterprises in Hanoi City last […] The post Agricultural firms hard to access bank loans appeared first on Vietnam Business News.

Delta localities join hands to woo tourists Posted: 21 Oct 2014 06:31 PM PDT The Mekong Delta provinces of An Giang, Kien Giang and Can Tho have clinched a cooperation agreement on diversifying tourism products in order to attract more tourists to the region. Under the agreement, the three localities will map out their own programs comprising of special products and then build a strong linkage of these products […] The post Delta localities join hands to woo tourists appeared first on Vietnam Business News.

Stability in spite of woes Posted: 21 Oct 2014 06:30 PM PDT Prime Minister Nguyen Tan Dung, delivering a keynote address at the National Assembly sitting in Hanoi on October 20, reiterated the country has achieved macro-economic stability despite numerous woes, especially public debt. The Government leader stressed that all major indicators of the economy this year show better-than-expected achievements, including gross domestic product growth, export performance, […] The post Stability in spite of woes appeared first on Vietnam Business News.

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