The Business Times: Banking system takes action to assist businesses

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• Banking system takes action to assist businesses
• Association helps promote Vietnam-Russia trade ties
• Banks call for customers’ caution against cyber attacks
• Offshore Vietnam oil rig launched in south
• Foreign Banks Warn of Inflation Risks in H2
• Credit Rises 8.54%: Central Bank
• Vietnam Industrial Production Falters
• Petrolimex reports over a trillion in first-half profits
• Vietnam a rising retail market in Asia Pacific
• Wind farm investors line up despite poor track record

Banking system takes action to assist businesses Posted: 13 Aug 2016 03:00 PM PDT The banking system's action plan focuses on improving credit access for enterprises and assisting their development (Photo: VNA) Hanoi (VNA)– Supporting businesses is among the focal tasks of the banking system from now to 2020, said Deputy Governor of the State Bank of Vietnam (SBV) Dao Minh Tu. He and bankers across Vietnam had a The post Banking system takes action to assist businesses appeared first on Vietnam Business News.

Association helps promote Vietnam-Russia trade ties Posted: 13 Aug 2016 03:00 PM PDT Scene of the conference (Source: VNA) Moscow (VNA)– Business and investment promotion activities arranged by the Vietnamese Business Association in Russia (VBAR) have remarkably contributed to boosting economic and trade links between the two countries, heard a conference in Suzdan city, Vladimir Oblast, Russia on August 12. In his speech, VBAR Chairman Le Truong Son The post Association helps promote Vietnam-Russia trade ties appeared first on Vietnam Business News.

Banks call for customers’ caution against cyber attacks Posted: 13 Aug 2016 03:00 PM PDT Illustrative image (Source: vnexpress.net) Hanoi (VNA)– Commercial banks have called for customers to use caution when using telephones and the internet, as hackers may steal from them. This followed a warning from the State Bank of Vietnam (SBV), which told credit institutions and payment intermediaries on July 30 that criminals could attack important information technology The post Banks call for customers' caution against cyber attacks appeared first on Vietnam Business News.

Offshore Vietnam oil rig launched in south Posted: 13 Aug 2016 03:00 PM PDT The Tam Dao 05 jack-up rig is launched in southern Ba Ria-Vung Tau province (Photo: VNA) Ba Ria-Vung Tau (VNA)– An inauguration and handover ceremony was held in the southern province of Ba Ria-Vung Tau on August 12 to launch the Tam Dao 05 offshore oil rig, the largest ever locally manufactured jack-up rig. Financed The post Offshore Vietnam oil rig launched in south appeared first on Vietnam Business News.

Foreign Banks Warn of Inflation Risks in H2 Posted: 13 Aug 2016 02:59 PM PDT Two major foreign banks active in Vietnam have warned of the upside risks to inflation in the second half of this year, giving limited scope for monetary easing. HSBC Bank in a macro economic report released on August 9 predicted that inflation would surpass the Government's estimate of 5% this year. Although headline inflation was The post Foreign Banks Warn of Inflation Risks in H2 appeared first on Vietnam Business News.

Credit Rises 8.54%: Central Bank Posted: 13 Aug 2016 02:59 PM PDT Credit Rises 8.54%: Central Bank Credit rose 8.54% by July 29 against late last year while mobilised capital surged 9.94%, the State Bank of Vietnam (SBV) reported August 11. At a meeting held in Hanoi on August 11 to review banking operations in H1 and outline plans for the rest months of the year, SBV The post Credit Rises 8.54%: Central Bank appeared first on Vietnam Business News.

Vietnam Industrial Production Falters Posted: 13 Aug 2016 02:59 PM PDT Vietnam Industrial Production Falters The pace of industrial output has slowed in the seven months leading up to August, a clear sign that weakness persists for the manufacturing and energy industries of the economy, say leading economic experts. Industrial production – a broad gauge of output across Vietnam factories, mines and power plants – has The post Vietnam Industrial Production Falters appeared first on Vietnam Business News.

Petrolimex reports over a trillion in first-half profits Posted: 13 Aug 2016 02:51 PM PDT The Vietnam National Petroleum Group, or Petrolimex, posted pre-tax profits of VND716bn (USD32.5m) in the second quarter and nearly VND1.6trn in the first half of the year.   Petrolimex earned VND58.7trn in the first half of the year According to the financial report, the second quarter's revenue dropped by a third compared to the same The post Petrolimex reports over a trillion in first-half profits appeared first on Vietnam Business News.

Vietnam a rising retail market in Asia Pacific Posted: 13 Aug 2016 02:51 PM PDT Vietnam is emerging as a rising retail market within Asia-Pacific, according to real estate consultants JLL. "The market is becoming more attractive recently on the back of a rise in purchasing power, growth in consumer retail spending, and an expansion in urban population and young demographics," Mr. Stephen Wyatt, Country Head of JLL Vietnam, said. The post Vietnam a rising retail market in Asia Pacific appeared first on Vietnam Business News.

Wind farm investors line up despite poor track record Posted: 13 Aug 2016 02:51 PM PDT While foreign investors are lining up to invest in new wind farms in Vietnam, numerous previously licensed wind farms are long delayed in construction or had their investment certificates revoked. One of these is the Phuoc Nam–Enfinity wind farm invested by Belgian company Enfinity in the south-central province of Ninh Thuan. The project has been The post Wind farm investors line up despite poor track record appeared first on Vietnam Business News.

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