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VND1.5Tln Government Bonds Are Sold Via Auctions Last Week: BVSC

VND1.5 trillion worth of government bonds were sold out of VND4 trillion auctioned volume in the previous week, the local newswire Gafin.vn reported, citing data from BaoViet Securities Company (BVSC). The State Treasury of Vietnam sold out VND1 trillion 2-year government debts at fixing of 9.5%, down 0.2% from the previous auction. The bid-to-cover ratio was 4.7. The Vietnam Development Bank (VDB) also managed to sell VND400 2-year bonds at 10.5% and VND100 3-year debts at 10.6%. Meanwhile, the Vietnam Bank for Social Policy (VBSP) failed to sell any bonds in its auction. The bid-to-cover ratio...

Vietnam Business Briefs November 12, 2012

* Hoa Binh Rubber Company (HRC) has announced November 20 as the ex-dividend date to advance 2012 first round dividend in cash for share-holders at 15 percent. * Asia Commercial Bank has issued gold mobilization certificates with terms of four, five and six months and interest rates from 0.8 percent to 1.8 percent per annum. * Ba Ria-Vung Tau House Development Company (HDC) has launched the sale of 20 villas of Doi Ngoc Tuoc II project. * Petroleum Technical Services Corporation (PVS) obtained VND883 billion in after- tax profit as of the end of September, a 26 percent year-on-year increase. * Vietnam...

Vietnam’s 500m iron dragon bridge to make Guinness record

With the weight of up to 1,000 tons, a dragon-shaped arch bridge crossing the Han River in Da Nang City will be registered for recognition as the World Guinness record and the "largest steel dragon." The perspective of the Dragon Bridge....

Vietnam Treasury & VBSP Sells VND3.19Tln Government Bonds Last Week; Yields Down

The State Treasury of Vietnam and the Vietnam Bank for Social Policies (VBSP) sold VND3.19 trillion worth of government bonds in the previous week, according to the latest weekly report of BaoViet Securities Company (BVSC). In details, the State Treasury sold VND2.94 trillion government debts out of VND3 trillion auctioned bonds with a bid-to-cover ratio of over 3.3. Of the total, the State Treasury issued VND2 trillion 2-year and VND940 billion 3-year debts at 9.7% and 9.85%, down 0.1% and 0.15% from the previous auction, respectively. Meanwhile, the VBSP sold VND250 billion government-backed bonds out of VND1.5 trillion...

Vietnam’s FDI falls almost 50 percent in four months

Vietnam’s foreign direct investment (FDI) plummeted during the first four months of the year with only USD4 billion earmarked by investors from abroad, down 47.8 percent against the same period last year, according to the Foreign Investment Agency. Up to 262 new foreign-invested projects, capitalised at USD3.2 billion, were licensed from January to April, an annual decrease of 54.9 percent. FDI disbursement, an important factor to evaluate the efficiency of investment inflows, however, still increased nearly 1 percent, reaching USD3.62 billion during the period. In another bright spot, 88 existing projects registered an increase in their levels of capital by a total of USD...

Vietnam Implements 18 Institutional or Regulatory Reforms in a Year

Vietnam has implemented a total of 18 institutional or regulatory reforms, in 8 of 10 areas of business regulation measured by the annual Doing Business report over the past eight years. Doing Business 2013: Smarter Regulations for Small and Medium-sized Enterprises, released recently by the International Finance Corporation (IFC) and the World Bank (WB), shows […]

Hanoi to tighten immigration rules

VietNamNet Bridge – The updated draft law of capital city said that Hanoi may restrict immigration into the city in the near future. The government said tightening immigration rules was not the best way but could prove necessary now. Minister of Justice Ha Hung Cuong said Hanoi is having to bear huge pressure from fast […]

Vietnam Current Policies Cannot Encourage Bachelors Return To Home Villages

VietNamNet Bridge – While rural areas are seriously lacking qualified workers, university bachelors are abundant in big cities. The current policies do not offer the preferences attractive enough to encourage bachelors to return to home villages after the graduation. Meanwhile, the students from further and more difficult areas would get higher bonus marks. Under the current regulations, students from rural or remote areas would get the “bonus marks” when they attend the university entrance exams. A student in the inner city of Hanoi, for example, needs to acquire 18 marks from the exams to be enrolled in a university, while a...

Vietnam’s business environment status unchanged: report

Vietnam’s ranking in terms of business environment remains unchanged from a year ago, according to a recent report of the International Finance Corp, a member of the World Bank. Between June 2011 and June 2012, Vietnam has improved its business environment through a series of regulatory reforms, making it easier for local firms to start up a business, said the “Doing Business 2013: Smarter Regulations for Small and Medium-sized enterprises” report. However, Vietnam still ranks 99th out of 185 economies on the ease of doing business...

Vietnam Improves Its Business Environment

The International Finance Corporation, a member of the World Bank unveiled a “Doing Business 2013: Smarter Regulations for Small and Medium-sized enterprises” report. According to the report, between June 2011 and June 2012, Vietnam has improved its business environment through a regulatory reform, making it easier for local firms to start up a business. Vietnam […]