U.S. dollars up 0.9% against early this year

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SaigonTimes English 1 day(s) ago

HCMC – The average buying U.S. dollar price quoted at commercial banks has posted a growth of some 0.9% versus early this year, says a six-month operation review of the State Bank of Vietnam (SBV).

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European firms say to boost investment in Vietnam

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SaigonTimes English 2 week(s) ago 1 related news

HCMC – Business confidence and outlook among European firms in Vietnam continues to improve, with many of them intending to significantly increase investment in Vietnam, shows a survey done by the European Chamber of Commerce in Vietnam (EuroCham).

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EuroCham announces Vietnam's BCI in Q2

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VOV News English 2 week(s) ago 3 related news

EuroCham announces Vietnam's BCI in Q2

(VOV) -Results of the 11th quarterly EuroCham Business Climate Index (BCI) survey announced on May 30 showed that business confidence and outlook among European businesses in Vietnam continues to improve – even if hesitantly.

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AIA makes strong gains in Q1

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SaigonTimes English 1 month(s) ago

HCMC – Life insurer AIA Vietnam in the first quarter of the year saw the value of new business up 65% versus the same period of 2012 while its annualized new premiums increased 40%.

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Market demand remains sluggish

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SaigonTimes English 2 month(s) ago

HANOI – The economy is still suffering from poor aggregate demand while supporting policies of the Government have yet to bring about effects, says a report of the National Financial Supervisory Commission released last Friday.

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Bad debt ratio falls to 6%

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SaigonTimes English 3 month(s) ago

HANOI – The bad debt ratio of the banking system has dropped to 6%, versus 8.6% a few months ago, heard a regular press briefing of the Government on Thursday.

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Credit growth negative for last two months

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SaigonTimes English 4 month(s) ago 1 related news

HCMC – The credit growth of the banking system as of Tuesday stood at minus 0.16% against late 2012, versus minus 1% in January and minus 3% in the same period last year, according to the Credit Department of the State Bank of Vietnam (SBV).

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Inflationary pressure keeps building up

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SaigonTimes English 4 month(s) ago

HCMC – Vietnam must practice prudence if it is to maintain inflation at the single-digit level as the inflationary pressure keeps rising while response policies are not enough, say HSBC economists.

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FPT earns big profit in 2012

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SaigonTimes English 4 month(s) ago

HANOI – The Hanoi-based FPT Group achieved a pre-tax profit of some VND2.4 trillion and an after-tax profit of about VND1.98 trillion in 2012, according to the group’s executives.

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Microsoft's tablet blip versus Android's boom

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Báo Đầu Tư English 4 month(s) ago

Microsoft's tablet blip versus Android's boom

The surge in Android tablet shipments is not good news for Microsoft, which is just now trying to gain a toehold in the market.

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Fitch affirms VN at 'B+'; stable outlook

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Báo điện tử CP English 5 month(s) ago

VGP - Fitch Ratings affirmed Viet Nam's Long-Term Foreign- and Local-Currency Issuer Default Ratings (IDRs) at 'B+'. The Outlooks on the ratings are Stable. The agency has also affirmed the Country Ceiling at 'B+' and the Short-Term Foreign-Currency IDR at 'B'.

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Consumers opt for familiar brands, says Nielsen

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SaigonTimes English 5 month(s) ago

HCMC – Up to 82% of Vietnamese consumers prefer new products of well-known brand names to those made by new producers, says a research on consumer behavior towards new products done by the market research firm Nielsen.

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Banking system health worsens

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SaigonTimes English 5 month(s) ago

HCMC – The latest indicators for the banking system revealed by the central bank on its website show that the system’s health has further deteriorated.

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Local firms exhausted on home ground

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SaigonTimes English 5 month(s) ago

HCMC – Domestic firms were badly affected by economic woes last year while foreign-invested enterprises (FIEs) were largely unscathed, as evidenced by their starkly-contrasted export performances, the Ministry of Industry and Trade said.

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Auto industry reports on gloomy 2012 figures

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Báo Đầu Tư English 5 month(s) ago

Auto industry reports on gloomy 2012 figures

The Vietnam Automobile Manufacturers’ Association’s (VAMA) latest report revealed December 2012 sales reached 9,983 units, up 4 per cent versus November 2012.

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