|
|
| NEWS - EVENTS |
Government okays 47 percent coal price hike
- 04/03/2010
The Government has agreed to the Vietnam Coal and Mineral Industries (Vinacomin) request to raise coal price by 47 percent, commencing March 1, 2010.
Major players in coal import discussions
Nguyen Van Hai, Deputy General Director of Vinacomin, confirmed the price increase on March 3.
Hai said that Vinacomin and Electricity of Vietnam (EVN) agreed after a February 17 working session. The new coal price will be applied to power producers under EVN.
There are four kinds of coal to increase in price, including...
|
|
Banks repay bailout funds
- 04/03/2010
Commercial banks have repaid VND34 trillion (US$1.78 billion) in bailout funds injected into the system by the State Bank of Viet Nam late last year and now had usable capital on hand of around VND30 trillion ($1.58 billion), State Bank Governor Nguyen Van Giau announced on the Government website yesterday, March 3.
Commercial banks ‘playing fair’
Commercial banks rushing to set up finance companies
Commercial bank ownership and survival
Small businesses in need of bailout
The central bank had been required to pump funds into...
|
|
Loan costs reach sixteen percent; businesses threaten not to borrow
- 03/03/2010
The State Bank of Vietnam’s decision to allow commercial banks to negotiate interest rates for loans to businesses, announced on 26 February, has sparked new worry that the lending interest rate will rise to levels that businesses cannot afford.
Negotiation-based interest rates to be applied to medium and long term loans
Previously, the permissable rate for such loans had been capped at twelve percent.
Vo Dai Chau, Advisor to the Management Board of Trust Bank, told Tuoi Tre newspaper that banks themselves must...
|
|
Upscale store rents trend higher
- 03/03/2010
Retail demand is holding up in the upscale clothing and accessories sector, allowing landlords to raise rents by up to 30 percent.
Nguyen, a handbag retailer with twenty outlets in HCM City, complained to Saigon Tiep Thi that some landlords are demanding higher rents. The monthly rent for his shop on Nguyen Trai street (District 1), for example, is going up by $200. The rent’s rising by $100 for his shop on Le Van Sy 100 dollar and he will have...
|
|
Bananas will be the key export farm produce?
- 03/03/2010
In the plan to develop vegetable, fruits and ornamental trees by 2020 by the Ministry of Agriculture and Rural Development, banana has been chosen by many localities as the strategic plants.
According to Vu Manh Hai, Head of the Fruit and Vegetable Research Institute, banana is the plant which can bring high economic value. Vietnam is exporting big volumes of bananas to China every year. Hai said that banana could be considered the key farm produce in localities.
Even banana leaf, which...
|
|
| First Previous 1 2 3 4 5 Next Last |
|
|
|
