Wednesday, 3 September 2014
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Gas, condensate found off southern Viet Nam coast Gas, condensate found off southern Viet Nam coast

Three companies on August 20 announced the discovery of gas and condensate in the fourth well in Blocks 05-1b and 05-1c off the southern Viet Nam coast.


Two new seaplanes to boost luxury tourism Two new seaplanes to boost luxury tourism

Hai Au Aviation is introducing today two of its three new Cessna seaplanes from the US that promises to provide a unique and breath-taking experience for tourists in Viet Nam.


Vietnamese customers prefer smartphones with 5-inch screens Vietnamese customers prefer smartphones with 5-inch screens

Twenty-five per cent of the Vietnamese customers want their next smartphone to have a 5-inch screen.


Car industry faces development roadblocks Car industry faces development roadblocks

Viet Nam's ambitious master plan for the development of its fledgling automobile manufacturing industry for 2020 to 2030, which the government recently endorsed, is facing major stumbling blocks.



PVcomBank sells oil shares PVcomBank sells oil shares

(Aug 30, 2014)

Vietnam Public Bank (PVcomBank) will sell nearly VND600 billion (US28.4 million) stakes in two oil and gas companies in the next two months in an effort to restructure its portfolio.

Banks iron out post-merger teething issues

The new Saigon Commercial Bank (SCB), formed by its 2012 merger with two other joint stock banks, Viet Nam Tin Nghia and De Nhat, is turning things around after a difficult start.

Support industries to receive funding, infrastructure help

Two banks and an industry association have joined hands with a concerned government agency to boost Viet Nam's support industries with much-needed financial and infrastructure assistance.

Military Bank to open five new branches across country

The State Bank of Viet Nam (SBV) has approved the request of the Military Bank to open five new branches, increasing the total number of branches nationwide to 65.

SBV battles to control bad debts

Total funds provided to cover any risk reached VND77.3 trillion (US$3.6 billion) by the end of June, up 10.9 per cent over the 2013-end figure. If the funds are put to use, the entire bad debt ratio will fall to 2.2 per cent.

SBV keeps deposit interest rate steady

The State Bank of Viet Nam has not decided to lower the 6 per cent interest rate cap on short-term deposits, Deputy Governor Nguyen Thi Hong told baodautu.vn on Tuesday.

BIDV reserves $714 million loan for seafood sector

The Bank for Investment and Development of Viet Nam announced that it will reserve a VND15-trillion, or US$714.28-million, loan for the seafood sector over the next three years.

Credit growth slow in Ha Noi

The outstanding loans of credit institutions in Ha Noi totalled about VND918 billion, or US$43.71 million, in August.

Vietcombank slashes dong deposit rates

The head office of Vietcombank slashed the annual interest rates for dong deposits by 0.2 percentage point for almost all terms on Monday, reported VnEconomy online.

Customers embrace bank card payments

Viet Nam's banking system recorded 14.6 million point-of-sale (POS) transactions worth VND75.7 trillion (US$3.57 billion) in the first half of this year.

Lending falls, deposits rise in Ha Noi

The outstanding loans of credit institutions in Ha Noi totalled about VND918 billion, or US$43.71 million, in August.

VietJet passenger wins Honda bike in lucky drawVietJet passenger wins Honda bike in lucky draw

VietJet on August 28 announced the first winner of a Honda SH 125, the monthly prize in the airline's latest mega promotion, "Enjoy Flying with VietJet and Win a Car."

Car industry in need of overhaulCar industry in need of overhaul

Mechanical engineering is the key to the growth of Viet Nam's underdeveloped car industry, which is plagued by too many small operators, limited production of sophisticated components and a low localisation rate.

Thai firm snaps up Metro, eyes VN market Thai firm snaps up Metro, eyes VN market

Thailand's Beri Juker Public Co. Ltd (BJC) signed a deal earlier this month to buy the Viet Nam operations of Germany wholesaler Metro for US$876 million.

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