The Business Times: Moody’s cautious on GDP growth, warns of credit bubble

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• Moody’s cautious on GDP growth, warns of credit bubble
• Purchasing Power Decreases 0.3% in August
• Speculative Stocks Seen Attractive to Investors
• PM requires Ninh Thuan to build stronger investors’ confidence
• Vietnam’s Jan-Aug actual FDI rises 9 pct y/y to $9.8 bln: gov’t
• VP Bank deny responsibility after staff steal 1.2m USD
• FDI capital nears $14.4 billion this year
• Việt Nam looks forward to EVFTA benefits
• World Bank Group’s IFC invests in Vietnam’s TPBank
• Vinamilk acquires remaining 30% stake of US Driftwood Dairy

Moody’s cautious on GDP growth, warns of credit bubble Posted: 29 Aug 2016 12:58 PM PDT Moody's projected in a report to investors that Cambodia's real economic growth will edge lower to 6.8 per cent in 2016 after clocking in at 7 per cent in 2015, citing external factors expected to dampen foreign revenue inflows. "Garment exports and tourism, key drivers of growth, face headwinds from lacklustre global demand," it said. The post Moody's cautious on GDP growth, warns of credit bubble appeared first on Vietnam Business News.

Purchasing Power Decreases 0.3% in August Posted: 29 Aug 2016 07:08 AM PDT Purchasing Power Decreases 0.3% in August The total national retail value of goods and services in August reached nearly VNĐ292.8 trillion (US$13 billion), with purchasing power declining 0.3 per cent against July. This was reported by the General Statistics Office (GSO). GSO expert Vũ Mạnh Hà said the decrease in purchasing power in August was The post Purchasing Power Decreases 0.3% in August appeared first on Vietnam Business News.

Speculative Stocks Seen Attractive to Investors Posted: 29 Aug 2016 07:08 AM PDT Speculative Stocks Seen Attractive to Investors Securities companies have said large caps' rallies in recent times would spur investor interest in speculative stocks to earn profit. Nguyen Nhat Cuong, deputy head of investment at VietinBank Securities Company, was quoted by Dau tu Chung khoan newspaper as saying that blue chips have buoyed the market despite The post Speculative Stocks Seen Attractive to Investors appeared first on Vietnam Business News.

PM requires Ninh Thuan to build stronger investors’ confidence Posted: 29 Aug 2016 07:07 AM PDT Prime Minister Nguyen Xuan Phuc has urged the south central province of Ninh Thuan to give more specific policy commitments to win investors' confidence.  Prime Minister Nguyen Xuan Phuc speaks at the Ninh Thuan investment promotion conference 2016 Speaking at the province's investment promotion on August 27, the PM held that Ninh Thuan has high The post PM requires Ninh Thuan to build stronger investors' confidence appeared first on Vietnam Business News.

Vietnam’s Jan-Aug actual FDI rises 9 pct y/y to $9.8 bln: gov’t Posted: 29 Aug 2016 06:58 AM PDT Aug 24 –Actual foreign direct investment (FDI) inflows into Vietnam reached an estimated $9.8 billion in the first eight months of this year, up 8.9 percent from a year ago, the Planning and Investment Ministry said. New FDI pledges in the January-August period rose 7.7 percent from a year ago to $14.4 billion, with most The post Vietnam’s Jan-Aug actual FDI rises 9 pct y/y to $9.8 bln: gov’t appeared first on Vietnam Business News.

VP Bank deny responsibility after staff steal 1.2m USD Posted: 29 Aug 2016 06:58 AM PDT VP Bank deny responsibility after staff steal 1.2m USD Quang Huan Investment and Development Company opened an account at VP Bank in late March 2015 and received VND26bn from its customers. In last July, director of Quang Huan Company Tran Thi Thanh Xuan wanted to withdraw the money and was shocked to find the money The post VP Bank deny responsibility after staff steal 1.2m USD appeared first on Vietnam Business News.

FDI capital nears $14.4 billion this year Posted: 29 Aug 2016 06:58 AM PDT In addition, 770 projects increased capital by US$4.57 billion accounting for nearly 84 percent of the same period last year. So, FDI capital totaled $14.4 billion during the first eight months this year, up 7.7 percent from a year earlier. Disbursement hit $9.8 billion, up 8.9 percent over a year back. Foreign firms invested in The post FDI capital nears $14.4 billion this year appeared first on Vietnam Business News.

Việt Nam looks forward to EVFTA benefits Posted: 29 Aug 2016 06:58 AM PDT A garment and textile production line of the Made in Việt Nam Clothing Company in the southern Bình Dương Province. The EU is currently Việt Nam's second biggest export market and Việt Nam is EU's 11th biggest source of import. – VNA/VNS Photo Hải Âu This was heard at a seminar entitled "European Union-Việt Nam The post Việt Nam looks forward to EVFTA benefits appeared first on Vietnam Business News.

World Bank Group’s IFC invests in Vietnam’s TPBank Posted: 29 Aug 2016 06:58 AM PDT Do Minh Phu, TPBank chairman, grants shareholder book to IFC's representative. Photo credit: TPBank This quasi equity investment of up to VND403.1 billion (about US$18.35 million) in dividend preference shares once converted, would allow IFC to become a shareholder in TPBank, owning at that time 4.999 percent of the bank's equity capital, the institution said The post World Bank Group's IFC invests in Vietnam's TPBank appeared first on Vietnam Business News.

Vinamilk acquires remaining 30% stake of US Driftwood Dairy Posted: 29 Aug 2016 06:57 AM PDT Initially, Vinamilk purchased a 70% interest in Driftwood Dairy in December 2014 with options for the remaining 30% in a deal originally reported to be worth more than US$70 million. However, sources have since revealed the actual price was more likely closer to US$30 million, though specific details of these types of private equity transactions The post Vinamilk acquires remaining 30% stake of US Driftwood Dairy appeared first on Vietnam Business News.

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