Commercial banks in HCM City are committed to lending VND8.3 trillion (US$391.67 million) to companies that are participating in the price-stabilisation programme for Tet (Lunar New Year) 2015. This is four times the amount lent last year.
Short-term loans with interest rates of 5.5-6 per cent account for VND2.8 trillion ($132.1 million), and medium- and long-term loans with interest rates of 7-10 per cent, for VND2.15 trillion ($101.45 million).
THOI BAO KINH TE VIET NAM (VIET NAM ECONOMIC TIMES)
Hai Phong attracts $673m worth of FDI
The northern port city of Hai Phong has attracted $673 million worth of foreign direct investment (FDI) in the first nine months of this year, or 34.5 per cent of the amount in the same period last year, according to the local Department of Planning and Investment.
Licences were issued to 36 new projects with a total investment of $496.58 million while 24 others increased their capital by $176.51 million.
Hai Phong has 404 projects with a total registered capital of $9.59 billion.
DAU TU (INVESTMENT)
First fishing trade union set up in Nha Trang
The first fishing trade union was set up on Thursday (Oct 9) in Xuong Huan Ward in Nha Trang. The Xuong Huan Fishery Trade Union includes 12 fishing vessels and 81 fishermen who fish in the Hoang Sa (Paracel) and Truong Sa (Spratly) archipelagos.
At the opening ceremony, the fishermen expressed their determination to participate in the trade union to fish more effectively and contribute to the province's socio-economic development and protect the country's sovereignty over its seas and islands.
SAI GON GIAI PHONG (LIBERATED SAI GON)
Steel exports to Cambodia face competition
Last month 18,909 tonnes of steel were exported to Cambodia, a 37.18 per cent drop from the previous month due to severe competition from cheap steel from China, according to the Viet Nam Steel Association.
Do Duy Thai, general director of Pomina Company, said prices of construction steel in Viet Nam are $590-595 per tonne, around $50 more than Chinese prices.
TUOI TRE (YOUTH)