Last updated: Thursday, January 7, 2010
VnnNews – Commercial banks says they are having to dodge the law by offering higher-than-allowed interest rates to depositors while charging borrowers more.
They claim that if they didn’t then there’d be left with only limited funds to lend out to assist businesses.While the ceiling lending interest rate is 12 percent per...
Last updated: Thursday, January 7, 2010
VnnNews – Vietnamese businesses are facing 2010 with optimism for an international recovery while worrying about domestic policies and loan interest rates.
On January, the first export consignment in 2010 from the DHA Group consisting of 51,000 shirts, left port for the US. The export consignment is valued at 250,000 dollar, kicking off...
Last updated: Thursday, January 7, 2010
VnnNews – The biggest barrier hindering Vietnamese seafood exports to Russia is working out just how to receive payment.
According to the seafood export management board by the end of December 2009, Vietnamese enterprises had exported 39,000 tonnes of tra fish to Russia reaping 64 million dollars, a decrease of 63 percent in comparison...
Last updated: Thursday, January 7, 2010
VnnNews – Since 2008, MARD has allowed farmers to breed white leg shrimps on a large scale after a period of prohibition. It has proved to be a wise move.
Over the last 10 years, shrimp has been a key seafood export item for Vietnam. Shrimp exports still represent 50 percent of the total seafood export turnover, even with more and more...
Last updated: Thursday, January 7, 2010
VnnNews – In-kind gold transactions are increasing following the decision to shut down gold trading floors.
Nguyen Cong Tuong, an executive of the Saigon Jewelry Company (SJC), said the company is selling over 10,000 taels a day – a volume which much higher than previous months. Meanwhile, the volume of gold it is purchasing remains...
Last updated: Thursday, January 7, 2010
A group of American congressional representatives, including Vietnamese American congressperson Joseph Cao (Cao Quang Anh), are now on a visit to Vietnam.
Officials of the National Committee for Overseas Vietnamese Affairs, the US Ambassador to Vietnam and US congressmen.Deputy Foreign Minister Nguyen Thanh Son met with Mr. Joseph Cao on...
