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Economy forecast to face challenges

Economy forecast to face challenges   A corner of Vietsovpetro Port in southern Ba Ria-Vung Tau Province. According to experts, there are still opportunities out there, despite the economic downturn, for local businesses able to realise and grasp them. — VNA/VNS Photo Hoang Chuong HCM CITY (VNS)— Challenges continue to face both the global and ... Read More »

Trade with Myanmar up by 36%

Trade with Myanmar up by 36% HA NOI (VNS)— Two-way trade turnover between Viet Nam and Myanmar hit US$227 million in 2012, a year-on-year increase of 35.9 per cent, according to the General Department of Customs. In 2012 Myanmar ranked 55th among 230 foreign exporters to Viet Nam, shipping $117.8 million worth of commodities, up 42.9 per cent compared to ... Read More »

Dong Nai leads in FDI attraction this year

Dong Nai leads in FDI attraction this year DONG NAI (VNS)— The southern province of Dong Nai attracted US$214 million in foreign direct investment (FDI) in the first two months of this year, accounting for 34 percent of the country’s total FDI. Among the seven FDI projects granted new licences, the one operated by Japanese corporation Terumo Medical in Long ... Read More »

Agriculture products attract export orders

Agriculture products attract export orders HCM CITY (VNS)— The Year of the Snake has apparently provided a propitious beginning for the nation’s agricultural sector with new export orders for key products like coffee, cashew, and pepper at good prices. Do Ha Nam, chairman of the Viet Nam Pepper Association said the world economy is showing signs of recovery. He said ... Read More »

Banks start charging ATM transaction fees

Banks start charging ATM transaction fees   Customers withdraw cash at Military Bank’s ATM booths in Ha Noi. — VNS Photo Truong Vi HCM CITY  (VNS)— Commercial banks have started charging fees on ATM withdrawals without improving their services. On January 1 the State Bank of Viet Nam issued Circular No. 35/2012/TT-NHNN on service fees charged to debit cards, formulating ... Read More »

Bank to sustain 10% credit growth

Bank to sustain 10% credit growth   Farmers in the northern mountainous Ha Giang Province’s Bac Quang District build a biogas system. Clean energy is one of the areas that the Viet Nam Development Bank will focus its credits. — VNA/VNS Photo Dinh Hue HA NOI (VNS)— The Viet Nam Development Bank (VDB) will reach an average credit growth rate ... Read More »

Shares close morning session in the red

Shares close morning session in the red HA NOI (VNS)– Shares reversed last Friday’s gains to decline this morning. On the HCM City Stock Exchange, the VN-Index shed 0.67 per cent to 473.97 points although there were just 30 losers. Most listed stocks closed unchanged. Trading value remained high at VND862.3 billion (US$41 million) as the trading volume reached 52.8 ... Read More »

BUSINESS IN BRIEF 4/3

Inventory index posts increase According to the General Statistics Office, the inventory index by February 1 this year rose by 19.9 percent compared to the same period last year. Of which, motor vehicle manufacturing soared by 142.5 percent; electric wire inventory surged 64.1 percent; metallic building components manufacturing rose 62 percent; communications equipment manufacturing climbed 60.1 percent; fertilizers and nitrogen ... Read More »

Vietnamese bonds failing to compete in overseas markets

VietNamNet Bridge – Only three Vietnamese bonds are listed on the international market, and their liquidity remains low. Vietinbank’s bond has the highest liquidity on the list, which also includes bonds from Masan Group (MSN) and Vingroup (VIC). However, since it was listed on the Singapore Stock Exchange in May last year, the bond’s value in a trading session reached ... Read More »

Dong Nai leads in FDI attraction

The southern province of Dong Nai attracted 214 million USD in foreign direct investment (FDI) in the first two months of this year, accounting for 34 percent of the country’s total FDI. Among the seven FDI projects granted new FDI licences, that of the Japanese corporation Terumo Medical in Long Duc Industrial Park is the largest, with 98.9 million USD ... Read More »