Vietnam exports to France pick up

Vietnam’s export turnover from the French market in January 2011 reached more than 144.74 million Euro, up over 34 percent compared to the same month of last year. Despite fluctuations in the world market, Vietnam’s exports tend to grow further through the first half of this year.

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Vietnam trade deficit hits all-time high at$1.4bln in Mar

Vietnam trade deficit hit all-time high at $1.41 billion in March, revising from the primarily estimation of $1.12 billion by the General Statistics Office(GSO) in late March, Vietnam trade deficit hit all-time high at $1.41 billion in March, revising from the primarily estimation of $1.12 billion by the General Statistics …

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Banks expect profit rise in second half

Commercial banks said they expect profit rise in the second half this year as inflation is controlled, interest rates decline and creating favourable conditions for credit growth. Compared to last year, profit targets set by banks for this year are modest, especially small and medium sized banks.

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Financial, tax reports important for obtaining loans

Small and medium businesses should pay more attention to financial and tax reports when applying for loans, HCM City Credit Guarantee Fund deputy head Tran Buu Long said on Saturday. He was speaking at a discussion in the city organised by the Saigon Entrepreneurs Club, HCM City Credit Guarantee Fund …

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Foreign banks asked to limit 2011 credit growth

The State Bank of Vietnam has issued a dispatch asking foreign banks to obey the cap on 2011 credit growth which has been applied to local institutions. Foreign-owned banks and foreign bank branches must make plans to confine their 2011 credit growth to less than 20% compared with late last …

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