14 commercial banks to lend for summer-autumn rice purchases


Photo for illustration (Source: ktdt.com.vn) (CPV) - The State Bank of Vietnam (SBV) on June 12 issued document 4142/NHNN-TD on loans to purchase 1 million tonnes of rice of the summer-autumn crop in the Mekong Delta for temporary reserves. Under the document, SBV allowed 14 commercial joint-stock banks to lend to businesses for purchasing, under the direction of the Prime Minister in Decision 850/QD-TTg. They are Bank of Agriculture and Rural Development, Bank of Foreign Trade, Bank for … [Read more...]

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Ba To marks its 40th anniversary on the Liberation Day

Mr. Pham Minh Toan - Deputy Secretary of the provincial Party Committee, Chairman of the provincial People's Council is delivering speech at the ceremony

In the morning of October 30th, at the March 11 Square, the Ba To district's Party Committee, People's Council, People's Committee, Vietnam Fatherland Front Committee formally organized the ceremony to mark the 40th anniversary of the district's Liberation Day (October 30th 1972 - October 30th 2012). Nguyen Hoa Binh - Central party Committee's Member, Chairman of Supreme People's Procuracy of Vietnam; Vo Van Thuong - Central party Committee's Member, the Quang Ngai provincial Party Committee's … [Read more...]

Ninh Binh, Lien Viet Bank win volleyball tourney


Ninh Binh and Lien Viet Bank won men's and women's titles respectively at the 2010 National Volleyball Championships that ended Tuesday. Lien Viet Bank took the title after beating Vietsov Petro 3-1 in the final match in Hai Duong on Tuesday. … [Read more...]

Lien Viet Bank changes moniker following merger


The central bank has allowed Lien Viet Bank to change its name to Lien Viet Post Joint-Stock Commercial Bank after joining forces with a subsidiary of state-owned Vietnam Post Corporation. Lien Viet Bank is now known as LienViet Post Bank … [Read more...]

IFC puts $505 mln towards trade finance for small businesses in Vietnam


The World Bank's International Finance Corporation (IFC) has committed US$505 million in funding that has helped Vietnamese banks increase lending to small local companies engaged in import and export activities. The record funding is part of IFC's Global Trade Finance Program, which since late 2007 has helped nine local banks improve their capacity to cover the payment risk in granting trade financing to local companies, mostly small and medium enterprises, according to an IFC announcement … [Read more...]

Forest planting to help poor province

HA GIANG - (VNS) An afforestation project covering nearly 1,000ha has begun in northern Ha Giang Province's Xin Man highland area, one of the poorest districts in Viet Nam. Investment capital amounting to VND75 billion (US$3.6 million) has been provided by Lien Viet Post Bank and the State. This follows a Government resolution in December 2008 to help 62 districts escape dire poverty and involves the entire political hierarchy, business community and public. The project is expected to … [Read more...]

14 teams take part in open volleyball tournament 2012


PANO - The Military Open Volleyball Tournament 2012 started on July 12th in Phu Dien Commune, Tu Lien District, Hanoi, with the participation of 238 athletes from six women's and eight men's volleyball teams from military and civilian units in Hanoi. During the tournament, the teams will be divided in two groups for the men's and the women's. The top team from each group will compete for the first prize, worth VND 15 million. The first match, between the Air Defense-Air Forces and Lien Viet … [Read more...]

Hau Giang Offers Golden Investment Opportunities

To learn more about investment opportunities in Hau Giang, Vietnam Business Forum has an interview with Mr Vo Ta Thang, Director of Hau Giang Department of Planning and Investment. Lan Ngoc reports.

Could you tell the results of investment attraction in Hau Giang province in 2011? Last year, many projects were behind schedule and many companies operated ineffectively. This reality was the result to objective factors like economic crisis, tightened monetary policies and high interest rates. However, Hau Giang always provided the most favourable conditions for business expansion, economic restructuring, infrastructure investment, and investment promotion in a bid to attract more investment … [Read more...]

Rice prices surge as Government begins stockpiling


Businesses begun purchasing and stockpiling one million tonnes of rice on Thursday, as directed by the Government, which caused a surge in rice prices after a long period of slump in the Mekong Delta. Rice prices surge as Government begins stockpiling (Photo: SGGP) Rice prices increased by VND100-300 per kilogram since last weekend in Can Tho City and in Hau Giang, Vinh Long, Soc Trang, Tra Vinh and Dong Thap Provinces, where traders have stepped up purchase. Large volumes of unsold low-quality … [Read more...]

Hau Giang to host international women’s volleyball championships


The sixth VTV Binh Dien International Women's Volleyball Tournament will take place in the southern Province of Hau Giang between February 18th and 26th. The event draws participation of eight teams, including the China's Jiangsu, Australian team, Pacific Petro Construction and Installation Corporation and VTV-Binh Dien Long An (Group A), and Thailand's youth team, Yang Sang (Republic of Korea), Viettinbank and Lien Viet Bank (Group B). All matches will be broadcast live on VTV2, VTV3 and … [Read more...]