Friday, June 12, 2009

Vietnam newspapers - June 12 | Industries | Technology, Media & Telecommunications | Reuters

HANOI, June 12 (Reuters) - These are some of the leading stories in the official Vietnamese press on Friday. Reuters has not verified these stories.

FINANCIAL NEWS:

TUOI TRE

-- Banks have raised annual interest rates on dong deposits to 10 percent, 50 basis points below the central bank ceiling. However, growth in dong deposits remains slow as people seeking higher returns shift funds into stocks and gold, bankers said.

-- Several banks have said they would pay their first dividend for this year to boost share prices. Eximbank planned to pay an 8 percent dividend, while Asia Commercial Bank ACB.HN would pay a 9 percent dividend in cash.

LAO DONG

-- Maritime Bank said its gross profit in the first five months of this year reached 470 billion dong ($26 million), or 66 percent of its full-year target. The lender's assets have risen 10 percent to 41 trillion dong from the end of April.

-- Commodities manufacturers and construction materials makers are expected to post solid profits for the second quarter as they benefit from the government's loan subsidy scheme.

-- Foreign investors have been net buyers of bonds worth 1.3 trillion dong ($7.4 billion) in the past two months while they sold 190 billion dong worth of shares, statistics showed.

GENERAL AND ECONOMIC NEWS

VIETNAM NEWS

-- The number of H1N1 flu cases in Vietnam have reached 23, the Health Ministry said.

-- Seafood exports this year are expected to equal 2008's $4.5 billion despite the global economic slump, the Vietnam Association of Seafood Exporters and Producers said.

THOI BAO KINH TE VIETNAM

-- National television VTV said it had established a joint venture with French pay-TV group Canal Plus (VIV.PA) in Vietnam.

-- Oil monopoly Petrovietnam said it had established a coal trading unit to import coal for its power plants. Petrovietnam plans to invest in coal-fired power capacity of 6,000 megawatt, bringing its total coal need to 18 million tonnes per year when all plants are operational. Continued...



more info-->>>PRESS DIGEST - Vietnam newspapers - June 12 | Industries | Technology, Media & Telecommunications | Reuters
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