Business

Inflation decrease raises worry about weak demand
29/03/2013 02:19
The CPI decrease of 0.19 percent in March was explained by state management agencies as a “normal thing.” March is the month coming after the Tet holiday, where prices decreased after increasing sharply on the Tet month due to the high demand. However, experts said this year...
Trillions of dong wasted in huge unused factories
28/03/2013 08:18
The ambitious projects that never come true The Thanh Son cement plant in Thanh Hoa, capitalized at VND1.5 trillion, has been left idle over the last four years, while hundreds of people trained to work at the factory, have been left unemployed. The project, developed by the Thang Long...
Banks don’t want to sell bad debts?
28/03/2013 08:15
Under the draft decree on the operation of VAMC, the Vietnam Asset Management Company, VAMC would buy banks’ bad debts and pay in bonds. This is believed to be the best solution for the debt restructuring process. In paying in bonds, VAMC would not have to spend cash to buy debts,...
Government bond yields keep falling
27/03/2013 03:48
The government bond market turned active on Tuesday. Bond yields on the secondary market continued to drop by five to 10 basis points, standing at around 8-8.05%, 8.25-8.3% and 9% per annum for two, three and five-year terms respectively. Last week, the rates were 8.1%, 8.35% and 9.05% per...
Nervousness over power supply levels
27/03/2013 03:31
Early sunshine from early March in northern regions and a drought in many central and Central Highland regions have cast growing power supply pressures in 2013. According to Electricity of Vietnam (EVN), early calculations put average power consumption in March at 355 million kWh per day. In...
Central bank cuts key interest rates
26/03/2013 12:46
The move, announced on March 25, will see the central bank slash the refinancing rate, a key interbank lending rate, to 8 percent per year from the current 9 percent. In addition, the discount rate will be cut to 6 percent per year from the current 7 percent and the electronic interbank...
Farm produce exports hit US$6.56 bln in Q1
26/03/2013 12:44
However, sea cooking exports fell 5.9 percent to earn US$1.21 billion. The US was Vietnam’s leading seafood importer, consuming 18.85 percent of the total volume, followed by Japan (14.93 percent) and the Republic of Korea (6.73 percent). Rice exports grew 34.3 percent in volume to...