Sunday, March 18 2018


State bond auction raises $333.9 million

Update: March, 15/2013 - 08:49
The State Treasury on Thursday mobilised nearly VND7 trillion (US$333.9 million) from auctioning bonds through the Ha Noi Stock Exchange.

Of that figure, two-year bonds earned VND1.95 trillion at an interest rate of 8.24 per cent a year; three-year bonds VND2 billion at 8.45 per cent a year, and VND3 trillion for a five-year term at 9.2 per cent per year.

The State Treasury has mobilised a total of more than VND40.1 trillion via bidding this year.

Nhan Dan (The People)

Kon Tum revokes gold mining projects

The People's Committee of Kon Tum Province has revoked investment certificates of many projects in the province, including a series of gold mining projects.

Among them were projects to exploit gold at Po Ko River, at Dac Long stream and Dac Hnieng stream invested in by the 6666-Bac Giang Group Corporation.

In addition, a licence was revoked for a project to plant forests at Van Xuoi Commune in Tu Mo Rong District, invested in by Nam Hai-Kon Tum Joint Stock Company.

Lao Dong (Labourer)

Interest rate for home loans to be set at 6%

The lending interest rates for social house purchases and rent will be set at 6 per cent per year starting from April 15, according to the State Bank of Viet Nam's draft decree on lending for the purchase of social houses.

SBV will set aside VND30 trillion to support five commecial banks via refinancing so as the latters can lend to the public and enterprises.

Home loans will be available to low-income earners and State employees, who can have the minimum lending limit equal to at least 80 per cent of the house value for at least 10 years.

The interest rate will remain at 6 per cent per year until April 15, 2016. After that, customers will have support from policies issued by SBV.

Tuoi Tre (Youth)

Revenue of State-owned enterprises falls

Total revenue of State-owned enterprises in HCM City in the first two months of the year was VND9.3 trillion (US$443.7 million), a year-on-year decrease of 53.58 per cent, according to the HCM City Department of Finance.

The long holiday and people's tightening of spending were among the key factors leading to the decrease, it said.

Le Hoang Quan, chairman of the city People's Committee, has asked SOEs to make more efforts to increase production and trading for the rest of the year.

In addition, he asked SOEs to complete plans on restructuring their organisations and submit them to the city government for approval.

Nguoi Lao Dong  (The Labourer)

Domestic demand spurs cut in coal exports

Viet Nam will reduce its coal exports due to increasing domestic demand, according to the Viet Nam National Coal and Mineral Industries Group (Vinacomin).

Vinacomin said the coal export volume would fall from 14.5 million tonnes last year to 9-10 million tonnes a year by 2014 and about 4-5 million tonnes a year from 2015.

Because an increasing number of coal-fired plants will begin operations, the industry must reduce exports to ensure coal supply for local production industries, it said.

Thoi Bao Kinh Te Viet Nam (Viet Nam Econmic Times)

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