KTFA (Samson)

Vietnam News

Samson: Shipping transported 180 thousand tons of rice Vietnam for Trade

14th June, 2018

Quoted the General Company for Maritime Transport (one of the formations and the Ministry of Transport) 180 thousand tons of rice Vietnam to Basra , in the light of the contract , which between the Ministries of Transport And trade last month, which requires the transfer of rice from the Iraqi-Vietnamese company to the port of Umm Qasr.

A statement by the company said it succeeded in transporting rice to the Ministry of Commerce without any losses or damage in the load according to the specialized committees in the examination of cargo.

The spokesman for the company Talib al-Badiri, according to the statement that the vessels of maritime transport is ready to transfer all loads of the Ministry of Commerce as a national carrier government, and will conclude new transfer contracts for some of the ration card items in the coming days.   LINK

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Samson:  Vietnam : Commercial banks to support WB projects

13th June, 2018

HÀ NỘI — Sài Gòn-Hà Nội Bank (SHB) and Việt Nam Technological and Commercial Joint Stock Bank (Techcombank) have been assigned to support projects signed between Việt Nam and the World Bank.

The decisions were issued by the State Bank of Việt Nam (SBV).

Accordingly, SHB will support the project “Medium Urban Development” – Financing Agreement for Additional Financing Credit 6070-VN and Financing Credit Code 6071-VN, signed on December 15, 2017.

In addition to this, SBV also assigned Techcombank to serve “Sustainable development of Đà Nẵng City” – Financing Agreement for Additional Financing Credit 6032-VN, signed on September 29, 2017.

The general directors of SHB and Techcomback are responsible for implementing the provisions of Decree 16/2016 /NĐ-CP dated March 16, 2016, of the government on the management and use of official development assistance (ODA) and preferential loans of foreign donors, guiding documents of the SBV and the Ministry of Finance, as well as the guiding regulations of the World Bank to better serve the implementation of the project.
These decisions are effective from the signing date on June 6, 2018.   LINK

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Samson:  Over 1,500 delegates to attend Hà Nội, Vietnam conference

13th June, 2018

More than 1,500 delegates, including authority leaders, representatives of international organisations and diplomatic agencies, investors and businesses are expected to attend an investment conference in the capital

The “Hà Nội 2018—Cooperation, Investment and Development” conference is scheduled on June 17, vice director of the Department of Information and Communication of Hà Nội, Nguyễn Minh Khánh, said at a press conference of the Hà Nội Party Committee on Tuesday.

At the conference, leaders of various ministries, sectors, industries and localitiesas well as businesses will work together to seek investment for Hà Nội. They will also discuss joint projects, regional connectivity and Hà Nội’s leading role in steering development in other regions.

The capital city will review its cooperation outcomes with other provinces and cities in 2016 and 2017 and will introduce key goals and projects calling for investment in the 2018-20 period in Hà Nội and other provinces and cities in the region.

At the conference, memorandums of understanding on cooperation in smart city building, tertiary education, high-tech agriculture, healthcare, tourism and environment will be signed and investment certificates will be handed over, while individuals, organisations and local and foreign businesses who have contributed to Hà Nội’s socio-economic growth and regional connectivity will be honoured.

Through the conference, Hà Nội authorities will affirm their efforts to unceasingly improve the investment environment in compliance with the international integration process, provide the best optimal conditions for investors and businesses’ long-term operations and seek to create connectivity between the city and the key northern economic region, the Hồng (Red) River delta and capital regions.    LINK

Samson:  State Bank of Vietnam promises all efforts to achieve economic targets

14th June, 2018

The State Bank of Việt Nam will tweak monetary policy this year to help achieve the targets set by the Government and National Assembly.

The SBV will strongly focus on the stability of the economy, resolving businesses’ problems, controlling inflation, ensuring liquidity of credit organisations and stabilising monetary and currency markets,” SBV deputy governor Nguyễn Thị Hồng told media in HCM City yesterday.

It would follow a pro-active and flexible monetary policy, cutting interest rates and working in close conjunction with fiscal and other policies to control inflation and support economic growth, she promised.

“To achieve this year’s credit growth target, the SBV must closely align with the government’s macroeconomic policies … to make suitable adjustments from time to time.”
In the first half of this year credit focused on production (12 – 13 per cent growth in agricultural lending), automation and engineering (24 per cent), technology (20 per cent), supporting industries (21 per cent) and import-export (15.6 per cent).

“Lending in the second half of this year will focus on the Government’s priority sectors such as agriculture, exports, supporting industries, small and medium-sized enterprises, and technology firms.”

Head of the central bank’s credit department, Nguyễn Quốc Hùng, said: “Lending to risky sectors such as real estate, securities and consumption will be limited.”

In the first half of the year interest rates on loans to several priority sectors decreased by 0.5 percentage points to 4 – 5 per cent.

Việt Nam’s foreign reserves have risen significantly, and the SBV has said it would try to increase them further besides stabilising the forex market.

Outstanding loans have increased by 6.16 per cent this year.

At the end of last March bad debts in the banking system had fallen to 2.18 per cent.

Administrative reforms are continuing, enabling individuals and enterprises to approach the banking system. The Ministry of Internal Affairs in fact said recently that the banking sector was leading the index of administration reform.

This is the third consecutive year that the sector has topped the index.    LINK