The Business Times: Vietnam to create prominent rice brand

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• Vietnam to create prominent rice brand
• Local aircraft fleet to grow strongly in next five years
• US$952-million package to support Vietnamese homebuyers
• Japanese company to build industrial park in Vinh Phuc
• Dollar price fluctuates despite SBV’s exchange-rate adjustment
• Speculation blamed for forex volatility
• Banks reduce cross-ownership
• Central Bank to stablise exchange rate within set range

Vietnam to create prominent rice brand Posted: 01 Jun 2015 10:32 AM PDT Viet Nam is aiming to develop a Vietnamese rice brand that would become the world’s leading rice by 2030, according to a project approved by Prime Minister Nguyen Tan Dung last week. Viet Nam is aiming to develop a Vietnamese rice brand that would become the world’s leading rice by 2030.  The project, to develop […] The post Vietnam to create prominent rice brand appeared first on Vietnam Business News.

Local aircraft fleet to grow strongly in next five years Posted: 01 Jun 2015 10:31 AM PDT The Ministry has approved a restructuring scheme for the aviation sector with a focus on strongly expanding the number of aircraft operated by Vietnamese airlines between now and 2020. Representatives of VietJetAir and VNPT sign a strategic partnership agreement in Hanoi last week – Photo: VJA Vietnam Airlines, VietJetAir, Jetstar Pacific and Vietnam Air Service […] The post Local aircraft fleet to grow strongly in next five years appeared first on Vietnam Business News.

US$952-million package to support Vietnamese homebuyers Posted: 01 Jun 2015 10:30 AM PDT A credit package worth some VND20 trillion (US$952.38 million) will be released to support homebuyers interested in commercial and urban housing projects, reported Xay Dung, the Ministry of Construction’s e-paper. The ministry made the announcement in a document sent to the government office, whereby it approved the lending programme suggested by the State Bank of […] The post US$952-million package to support Vietnamese homebuyers appeared first on Vietnam Business News.

Japanese company to build industrial park in Vinh Phuc Posted: 01 Jun 2015 10:29 AM PDT Japan's Sumitomo Corporation will build an industrial park in northern Vinh Phuc province, as said in a memorandum of understanding it signed with the provincial People's Committee on May 29. The industrial park, named Thang Long 3, covers nearly 300 hectares in Binh Xuyen district and has an initially investment of 135 million USD. When […] The post Japanese company to build industrial park in Vinh Phuc appeared first on Vietnam Business News.

Dollar price fluctuates despite SBV’s exchange-rate adjustment Posted: 01 Jun 2015 10:29 AM PDT The dollar price continued to fluctuate after the State Bank devalued the dong by one percent earlier this month. Meanwhile, the State Bank said there would be no further dong/dollar exchange rate adjustment this year. To many people's surprise, the dollar price did not cool down after the central bank announced the dong devaluation by […] The post Dollar price fluctuates despite SBV's exchange-rate adjustment appeared first on Vietnam Business News.

Speculation blamed for forex volatility Posted: 01 Jun 2015 09:35 AM PDT As the greenback has been soaring against the dong in recent weeks, financial commentators have suggested this may be a result of dollar speculation in the forex market. The dollar had gained VND100-130 a dollar across banks as of mid May. It was then not until the State Bank of Vietnam (SBV) applied the new […] The post Speculation blamed for forex volatility appeared first on Vietnam Business News.

Banks reduce cross-ownership Posted: 01 Jun 2015 09:32 AM PDT Only three pairs of commercial joint stock banks had cross-ownerships, down three pairs from 2012, said Governor of the State Bank of Viet Nam (SBV) Nguyen Van Binh. In a report submitted to National Assembly’s deputies, Binh noted that the mutual direct share ownership between banks and businesses accounted for a very small percentage of […] The post Banks reduce cross-ownership appeared first on Vietnam Business News.

Central Bank to stablise exchange rate within set range Posted: 01 Jun 2015 09:30 AM PDT The State Bank of Vietnam (SBV) will keep the fluctuation of the VND/USD exchange rate at a maximum of 2 percent in 2015, as set in its policy for the year, despite the fact that the rate has already been adjusted by 1 percent twice this year. The central bank raised the inter-bank average exchange […] The post Central Bank to stablise exchange rate within set range appeared first on Vietnam Business News.

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