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Ministry outlines plan to develop bond market

Ministry outlines plan to develop bond market HCM CITY (VNS)— The Ministry of Finance has outlined a plan that will give priority to government bonds in the bond market under Decision No. 261/2013. Under the plan, by 2020 the domestic bond market would be developed in conformity with the scale of the economy and with ... Read More »

Dong Nai drafts master plan

Dong Nai drafts master plan Long Thanh International Airport is expected to have the capacity to handle 100 million passengers and 5 million tonnes of cargo a year.— VNA/VNS Photo Phuong Vy HCM CITY (VNS) — The southern province of Dong Nai has asked for feedback from local residents and experts on its draft master plan for 21,000ha around the ... Read More »

Shares gain with low liquidity

Shares gain with low liquidity HA NOI (VNS)– Shares continued to increase during this morning’s session, but trading value remained low. On the HCM City Stock Exchange, the VN-Index closed at 477.27 points, a 0.56 per cent increase. Gainers outnumbered losers by 112-75. Among the 30 leading shares tracked by the VN30 Index, 15 stocks managed to post gains, while ... Read More »

BUSINESS IN BRIEF 15/3

New bond trading system launches The second version of the Government bond trading system was introduced by the Ha Noi Stock Exchange last week and will be used for the first time next Monday when Circular 234/2012/TT-BTC takes effect. The system was upgraded in response to provisions in the circular concerning risk management and repurchase agreement (repo) trading. A repo ... Read More »

Bad debt ratio at 4-5% by year-end: expert

VietNamNet Bridge – The bad debt ratio of the banking system may fall to 4-5% under Vietnam’s accounting standards by the end of this year, said Le Xuan Nghia, former vice chairman of the National Financial Supervisory Commission. He forecast economic growth would be around 5.5% and inflation 7-8% this year. In addition, the exchange rate may rise 2-3% and ... Read More »

EVN too lazy to generate electricity

VietNamNet Bridge – The Electricity of Vietnam (EVN), the only electricity distributor, complains that the input production costs have increased since power plants have to run on FO and DO in the dry season. The complaint may be the warning on a possible new electricity price increase. Vietnam will lack electricity in dry season, again? While EVN warns that Vietnam ... Read More »

ADB, EIB fund HCM City’s metro line 5

The Asian Development Bank (ADB) and the European Investment Bank (EIB) will provide 200 million EUR (260 million USD) for Ho Chi Minh City to build its fifth metro line. To this effect, a memorandum of understanding (MoU) was signed between Vice Chairman of the municipal People’s Committee Nguyen Huu Tin and representatives from the two banks in the city ... Read More »

VN – important strategic partner of Japan

Japan always considers Vietnam an important strategic partner that it can share challenges, and together develop and build a Pacific-Asian region of peace and prosperity, therefore strengthening the strategic partnership between the two countries. The assertion was made by Japanese Deputy Consul General in Ho Chi Minh City Yakabe Yoshinoro at a conference called “Japanese businesses eye Vietnamese market”, which ... Read More »

HCM City boosts trade promotion

HCM City boosts trade promotion HA NOI (VNS)— The HCM City Investment and Promotion Centre on Tuesday introduced a wide range of programmes supporting local businesses’ global economic integration. The initiatives focus on effectively penetrating the Cambodia, Laos and Myanmar markets and boosting promotions in the US, EU and Middle East. It will futher improve the city’s business environment to ... Read More »

Bac Ninh attracts German investors

Ha Noi to remove unsightly parking lots The Ha Noi People’s Committee is planning to remove parking lots beneath flyovers to ease public concerns that they are an eyesore and fire hazard. Central bank extends gold policy The State Bank of Viet Nam will also buy and sell non-SJC-made gold bars, according to a circular it issued on Tuesday. Hong ... Read More »