[Update] Vietnam on Bloomberg, Reuters, WSJ

Vietnam Equity Movers: Mirae, Vinh Hoan, Ba Ria Thermal Power

By Bloomberg News - Jun 1, 2012 12:47 PM GMT+0700

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the 11:30 a.m. break in Ho Chi Minh City. The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, advanced 0.3 percent to 430.60. The gauge has declined 1.6 percent this week.

Mirae Joint-Stock Co. (KMR) , which produces materials for the garment and textile industry, rose 4 percent to 5,200 dong, poised for the highest close since May 25. The company plans to sell 6 million new shares at 10,000 dong each, according to a filing on its website.

Vinh Hoan Corp. (VHC) gained 1.4 percent to 37,500 dong. The seafood company plans to pay a 2011 dividend of 1,000 dong a share on Aug. 10, according to company figures posted on the exchange’s website.

Ba Ria Thermal Power Joint-Stock Co. (BTP) , which generates electricity from gas turbine plants, advanced 4.9 percent to a one-week high of 6,400 dong. The company will pay a 2011 dividend of 700 dong a share on July 2, it said in a statement on the exchange’s website.

To contact Bloomberg News staff for this story: Nguyen Dieu Tu Uyen in Hanoi at uyen1@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net
 
Vietnam to cut dong deposit ceiling to 9 pct-newspaper

HANOI, June 1 | Thu May 31, 2012 9:50pm EDT

(Reuters) - Vietnam's central bank may cut the ceiling rate on dong deposits by 2 percentage points to 9 percent later this year to help boost lending to facilitate economic growth, a state-run newspaper said on Friday.

The downward adjustment would be the last in 2012, the central bank was quoted by the ruling Communist Party-run Nhan Dan (People) daily as telling bankers at a meeting on Thursday.

The central bank has cut the ceiling rate on dong deposits three times so far this year, having lowered the highest rate banks could pay depositors to 11 percent after inflation had eased. The latest move had been in effect since Monday. (Reporting by Ho Binh Minh; Editing by Paul Tait)
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UPDATE 1-Vietnam may cut dong deposit ceiling to 9 pct-newspaper

Thu May 31, 2012 10:42pm EDT

* Vietnam's next rate cut could be in June

* Ceiling on short-term dong loans could be 12-13 pct (Adds details)

(Reuters) - Vietnam's central bank may cut the ceiling rate on dong deposits by another 2 percentage points to 9 percent later this year to help boost lending and spur economic growth, a state-run newspaper said on Friday, as policymakers across Asia eye fresh stimulus to combat the global downturn.

Another rate cut in the pipeline would help ease corporate difficulties in accessing bank loans, after Vietnam's economic growth slowed to an annual pace of 4 percent in the first quarter of 2012, the slowest since 2009.

The downward adjustment would be the last in 2012, the central bank was quoted by the ruling Communist Party-run Nhan Dan (People) daily as telling bankers at a meeting on Thursday.

The central bank could also impose a ceiling of 12-13 percent on dong loans with terms shorter than 12 months, while commercial banks could negotiate with borrowers on rates for longer terms, the report said.

Central bankers were not immediately available for comments, while the official Tuoi Tre (Youth) newspaper said the next rate cut would be as early as this month.

The central bank has cut the ceiling rate on dong deposits three times so far this year, having lowered the highest rate banks could pay depositors to 11 percent after inflation had eased. The latest move had been in effect since Monday.

Vietnamese banks with surplus funds should step up lending to the agricultural and export sectors and part of the real estate market, Prime Minister Nguyen Tan Dung said early this week.

Loans by the country's banking system in May dropped 0.2 percent from the end of 2011, the central bank said at the Thursday meeting.

Vietnam's economic growth is forecast to slow to 5.7 percent this year from 5.8 percent in 2011, the World Bank said, while Hanoi aims to boost growth to around 6 percent in 2012. (Reporting by Ho Binh Minh; Editing by Kim Coghill)
 
PRESS DIGEST - Vietnam newspapers - June 1

HANOI, June 1 | Thu May 31, 2012 10:26pm EDT

(Reuters) - These are some of the leading stories in the official Vietnamese press on Friday. Reuters has not verified these stories and does not vouch for their accuracy.


FINANCIAL NEWS:

NHAN DAN

- Loans by the banking system at the end of May are estimated to fall 0.2 percent from Dec. 31, 2011, the State Bank of Vietnam said.

TUOI TRE

- The World Bank said it would extend $4.2 billion in soft loans to Vietnam during the 2012-2016 period, the biggest package for the country ever by the bank.

- Debt by state-owned enterprises (SOE) stood at 415 trillion dong ($19.9 billion) as of Sept 2011, or 16.9 percent of the country's total outstanding loans, the Finance Ministry said in a SOE restructuring project.

ECONOMIC AND GENERAL NEWS:

VIETNAM NEWS

- The World Bank launched on Thursday the Country Partnership Strategy with Vietnam for the 2012-2016 period, putting less focus on financial flows and more on how the bank can assist the country to capitalise on new ideas and manage its own resources better.

- Vietnam's coffee consumption in the 2012/2013 crop year would rise to 1.83 million 60-kg bags, from 1.7 million bags in the current season, the U.S. Department of Agriculture forecast.

THOI BAO KINH TE VIETNAM

- Vietnam's economy would accelerate from late in the second quarter or early third quarter of this year, with the annual growth in the second quarter expected to reach 4.5 percent, said Chairman Vu Viet Ngoan of the National Financial Supervisory Committee.

(Reporting by Hanoi Newsroom; Editing by Anand Basu)
 
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Sao b black cái gì cũng hơn blacks mà chỉ là "chập chững vào nghề", còn blacks lại là "bắt đầu biết công biết việc" nhỉ?;)):-??
 
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Chỉnh sửa lần cuối bởi người điều hành:
2 bạn đang ol cùng nhau ak 8-}
Sao b black cái gì cũng hơn blacks mà chỉ là "chập chững vào nghề", còn blacks lại là "bắt đầu biết công biết việc" nhỉ?;)):-??
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Cam Ranh Bay

Panetta Is First Top U.S. Official Since War in Cam Ranh Bay
By Gopal Ratnam - Jun 3, 2012 1:22 PM GMT+0700

U.S. Defense Secretary Leon Panetta today met U.S. personnel at Cam Ranh Bay, becoming the top most American official to visit the former U.S. military base since the end of the Vietnam War.

“This is a historic trip,” Panetta told sailors aboard the USNS Richard E. Byrd, a U.S. merchant marine supply ship. “The fact that the ship is here and being serviced by Vietnamese contractors is a tremendous indication of how far we have come”

Cam Ranh Bay, a deep-water port located about 220 miles (354 kilometers) north of Ho Chi Minh city, hosted the U.S. naval and air base that was the main point of entry for equipment and supplies during the Vietnam War.

Panetta’s visit signals closer military ties between one- time foes who resumed diplomatic relations 17 years ago. The warming relationship with Vietnam, which shares a land border to the north with China, has received a boost since President Barack Obama announced a strategy to rebalance U.S. military forces toward the Asia-Pacific region.

“This is the place where lots of ships, troops and supplies” came through during the war and a “tremendous amount of blood was spilled on all sides,” Panetta said. “Access to U.S. naval ships to this facility is a key component” of the U.S. strategy for the Asia-Pacific region and “we see a tremendous opportunity” to take the relationship with Vietnam “to the next level,” Panetta said.
Vietnamese Ports

U.S. vessels including non-military medical and supply ships began calling at Vietnamese ports after relations were normalized in 1995. In November 2003, the missile frigate USS Vandegrift arrived in Ho Chi Minh City, the first U.S. Navy ship to dock in Vietnam since the end of the war.

Panetta travels to Hanoi tonight and will meet with his counterpart, Defense Minister Phung Quang Thanh, to discuss implementing a defense memorandum of understanding the two countries signed last year, according to U.S. defense officials who spoke on the condition of anonymity to discuss diplomatic talks.

The agreement made in September calls for regular top-level meetings as well as cooperation on mari-time security, search and rescue, peacekeeping activities and humanitarian aid and disaster relief.

Panetta is on a three-country trip to Asia including Singapore, Vietnam and India to bolster military ties in a region that Obama has said is critical to U.S. interests.

The U.S. will increase its naval power in the Pacific, Panetta said yesterday at the Shangri-La Dialogue security talks held in Singapore.

To contact the reporter on this story: Gopal Ratnam in Washington at gratnam1@bloomberg.net

To contact the editor responsible for this story: Paul Tighe at ptighe@bloomberg.net
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Cam Ranh Bay Lures Panetta Seeking U.S. Return to Vietnam Port
By Gopal Ratnam - Jun 4, 2012 8:27 AM GMT+0700

Thirty-seven years after the Vietnam War ended in a communist victory, the top U.S. defense official returned to the old hub of American military activity seeking greater naval access to the port that greeted most of the more than 2.5 million Americans who served in Vietnam.

Defense Secretary Leon Panetta became the highest-ranking American official to visit Cam Ranh Bay since the Vietnam War, after arriving yesterday at the former American and South Vietnamese air base there in his U.S. Air Force 747 jet.
Enlarge image Cam Ranh Bay Lures Panetta Seeking U.S. Return to Vietnam Port
iSLyK5N8QjuM.jpg
Leon Panetta, U.S. defense secretary, right, is saluted as he arrives at Cam Ranh Bay International Airport in Cam Ranh Bay, Vietnam. Photographer: Jim Watson/AFP/Getty Images
Enlarge image Cam Ranh Bay Lures Panetta Seeking U.S. Return to Vietnam
iCTD.WctQsn0.jpg
Troopers of the First Brigade of the U.S. 101st Air Borne Division look to shore at the pier in Cam Ranh Bay, South Vietnam following their arrival on July 29, 1965. Source: AP
Enlarge image President Lyndon B. Johnson Greets Troops in Cam Ranh Bay
il.Wp3QLqq7U.jpg
President Lyndon B. Johnson greets troops in Cam Ranh Bay. Photographer: George Silk/Time Life Pictures/Getty Images
Enlarge image Cam Ranh Bay Lures Panetta Seeking U.S. Return to Vietnam Port


The visit, a week after Americans commemorated their 58,282 countrymen and women who died in the war, reflected the U.S.’s expanding relationship with a former enemy and efforts by the Obama administration to counter the rise of China as a competitor for influence in Asia.

“This is a historic trip,” Panetta told the sailors on the USNS Richard E. Byrd, a U.S. merchant-marine supply ship undergoing repairs at the Cam Ranh Bay port. “The fact that the ship is here and being serviced by Vietnamese contractors is a tremendous indication of how far we have come.”

While the fear of a communist takeover of South Vietnam propelled the U.S. into war five decades ago, the emergence of China prompted the Obama administration to rewrite military strategy with the goal of increasing the American presence in the Asia-Pacific region and working with countries that express anxiety about the prospect of Chinese dominance.

Stationing more U.S. forces in the region requires working with partners such as Vietnam and being “able to use harbors like this as we move our ships from our ports on the West Coast towards our stations here in the Pacific,” Panetta told reporters on the Byrd’s deck.
Non-Combat Ships

So far, Vietnam lets only non-combat ships, such as the Byrd, dock at Cam Ranh Bay, a U.S. defense official said. Supply ships operated by the U.S. Military Sealift Command and manned by merchant marines call at the port for repairs and maintenance, said the official, who spoke on condition of anonymity to discuss the sensitive Vietnamese restrictions.

Cam Ranh Bay, located about 220 miles (354 kilometers) north of Ho Chi Minh City, has been of strategic significance to the world’s powers for more than 100 years.

The more elderly among the Vietnamese in conical straw hats who waved at Panetta’s motorcade yesterday had seen the Americans pass this way before, followed by the Russians. Their ancestors had watched the French and Japanese come and, eventually, go.
Built by France

Built by the French in the 19th century and later occupied by Japan during World War II, Cam Ranh Bay was offered to the U.S. by its ally South Vietnam in 1965. The U.S. upgraded the air and naval facilities for use in the war. It was handed back to South Vietnam in 1972 as part of the so-called Vietnamization effort and captured by the communist forces in 1975.

About four years later, the Soviet Union was granted access to Cam Ranh Bay. It upgraded the war-torn facilities, adding runways, dry docks, shelters for submarines, weapons-storage facilities and signals intelligence stations, according to a history of the port by Ian Storey and Carlyle Thayer, “Cam Ranh Bay: Past imperfect, Future Conditional,” published in 2001 by the journal Contemporary Southeast Asia.

While the Soviet presence at Cam Ranh Bay declined at the end of the Cold War, Russia held on to the port until 2002, Storey and Thayer wrote. Since then Vietnam has opened Cam Ranh Bay to international commerce.
58,282 Dead

The significance of visiting Cam Ranh Bay less than a week after the U.S. marked Memorial Day was invoked by Panetta.

“Last Monday I stood before the Vietnam Memorial” in Washington, “to recognize the 50th anniversary of the Vietnam War,” Panetta said. “Today I stand on a U.S. ship at Cam Ranh Bay to recognize the 17th anniversary of harmonization of relationship between U.S. and Vietnam.”

In addition to the deaths of 58,282 U.S. troops in the Vietnam War, 1,666 Americans are still missing. The U.S. and Vietnam have a joint effort to find and return remains.

Panetta said the U.S. and Vietnam aren’t slaves to their history even though a “tremendous amount of blood was spilled on all sides” during the war.

Vietnam and the U.S. resumed diplomatic relations in 1995, and since then U.S. ships have called on several Vietnamese ports. In November 2003, the missile frigate USS Vandegrift arrived in Ho Chi Minh City, the first U.S. Navy ship to dock in Vietnam since the end of the war.
Committed to Region

“It’s significant to have a secretary of defense of the United States visit Cam Ranh Bay,” said former Senator Chuck Hagel, a Vietnam War veteran and one of the founders of the annual Shangri-La Dialogue, which Panetta addressed in Singapore on June 2.

“It reinforces the belief that America is committed to that region and to our relationships with the nations in the region, including those that once were our enemy,” Hagel, a Nebraska Republican, said yesterday in a phone interview.

Vietnam and China have clashed over which country has rights to the Paracels and Spratly Islands in the South China Sea.

Inviting Panetta to visit Cam Ranh Bay is a signal to China that Vietnam has U.S. backing, Thayer, an emeritus professor at the University of New South Wales in Australia, said in an e- mail.
Message to China

Panetta’s visit is “aimed at sending a strategic message to Beijing that Chinese assertiveness will be resisted,” even though the U.S. and Vietnam may deny it, Thayer said.

The U.S. defense secretary’s visit to Cam Ranh Bay wasn’t publicly announced until the evening before his arrival, and Vietnam’s deputy defense minister, General Nguyen Chi Vinh, played down the significance of the stop beforehand.

Vietnam “did not share” the idea that it was attempting to create a deterrent to China’s military rise, Vinh told the South China Morning Post, in an interview published June 2.

“To have peace, stability and security in the region, it is very important for us to have good relations with China so that we can enjoy mutual benefit,” the newspaper quoted Vinh as saying.

Panetta was less reluctant to portray U.S.-Vietnam relations as gaining momentum. He told reporters on the USNS Byrd that he had come to Vietnam to make progress on a memorandum of understanding signed by the two countries in September and “expand on that relationship.”

“We look forward to working together with the country of Vietnam and take this relationship to the next level,” Panetta said. The U.S. would help Vietnam establish rules of conduct in the South China Sea and deal with “critical mari-time issues,” he said.

To contact the reporter on this story: Gopal Ratnam in Hanoi at gratnam1@bloomberg.net

To contact the editor responsible for this story: John Walcott at jwalcott9@bloomberg.net
 

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Vietnam’s Stocks: Vegetable Oil Packing, Tay Ninh Rubber

By Bloomberg News - Jun 4, 2012 2:50 PM GMT+0700

Shares of the following companies had unusual moves in Vietnam trading. Stock symbols are in parentheses and prices are as of the close in Ho Chi Minh City. The VN Index (VNINDEX), the benchmark measure of the Ho Chi Minh City Stock Exchange, dropped 2.8 percent to 416.65, the lowest level since Feb. 21.

Vegetable Oil Packing Joint-Stock Co. (VPK VN), which manufactures and trades packages and containers for the food processing industry, fell 4.7 percent to 14,100 dong, the most since May 9. Vietnam Dairy Products Joint-Stock Co. (VNM), or Vinamilk, cut its stake in the company to 4.87 percent from 17.76 percent, according to the exchange’s website.

Tay Ninh Rubber Joint-Stock Co. (TRC VN), slumped 4.8 percent to 39,800 dong, the lowest close since May 18. The November-delivery rubber contract lost as much as 5.9 percent to 240.3 yen a kilogram ($3,074 a metric ton), the lowest level for the most-active contract since Nov. 30, 2009.

To contact Bloomberg News staff for this story: Nguyen Kieu Giang in Hanoi at giang1@bloomberg.net

To contact the editor responsible for this story: Darren Boey at dboey@bloomberg.net
 
PRESS DIGEST - Vietnam newspapers - June 4

HANOI, June 4 | Sun Jun 3, 2012 10:16pm EDT

(Reuters) - These are some of the leading stories in the official Vietnamese press on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

FINANCIAL NEWS:

THANH NIEN

- Interest rates on loans for the real-estate market have been dropping quickly in recent days, easing to 13.0-15.5 percent, as banks aim to expand credit to this sector, bankers said.

DAU TU

- A total of $1.72 billion in official development assistance funds for Vietnam had been disbursed in the first five months of this year, up 43 percent from a year ago, the Planning and Investment Ministry said.

ECONOMIC AND GENERAL NEWS:

VIETNAM NEWS

- Vietnam is preparing for the official launch on July 1 of the competitive power generation market after several delays, the government said.

QUAN DOI NHAN DAN

- The United States wants to expand defence ties with Vietnam following a memorandum signed last year on defence co-operation, U.S. Defence Secretary Leon Panetta said at a news briefing on Sunday in Cam Ranh Bay at the start of his Vietnam visit.

SAIGON GIAI PHONG

- The Dung Quat Industrial Ship Co handed over a 104,000-tonnage tanker, the country's largest domestically built, to Petrovietnam Transportation Corp on Sunday, marking a landmark in Vietnam's shipbuilding sector.

TUOI TRE

- The number of unemployed people in Ho Chi Minh City last year accounted for 30 percent of Vietnam's total, while the number of those seeking unemployment benefits in the city this year would rise 15-20 percent from 2011, the Labour Ministry said.

THOI BAO KINH TE VIETNAM

- Vietnam's cement consumption in the first five months of 2012 dropped 8 percent from a year ago to 19.56 million tonnes, but sales were recovering with many construction projects having started in May, industry reports show.

(Reporting by Hanoi Newsroom; Editing by Sunil Nair)
 
HNX to tender 5tr dong G-bonds June 7

04-Jun-2012 Intellasia | Thoi Bao Kinh Te Vietnam page 9 | 8:21 AM

Hanoi Stock Exchange (HNX) announced to hold the tender session on June 7, 2012 for bidding government-guaranteed bonds issued by Vietnam Development Bank. The bond value was posted at 5 trillion dong.

In details, the bonds would have two terms of three years (worth 2 trillion dong) and five years (3 trillion dong), to be issued on June 11, 2012 under book entry method.

The bonds would be offered at price equalling, or lower, or higher than the par value. The yield was supposed to be paid periodically every year, at the same date with the issuance date, while the principal to be paid once at due date.

The applied bidding method would be the combination between competitive and non-competitive bidding ones.
 

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