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State may cap interest at 9 percent

Hanoi, June 4 (VNA) - The State Bank of Vietnam is considering reducing the ceiling interest rate for dong term deposits – of a year and under – to 9 percent from the current 11 percent within the next few months in a bid to boost credit growth.   

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Trade with Austria has room to grow

Hanoi, May 30 (VNA) - Vietnam and Austria have room to accelerate their bilateral relations, especially in trade and investment, said Vietnam Chamber of Commerce and Industry vice chairman Doan Duy Khuong on May 29.    

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HCM City, Yangon bolster trade ties

HCM City, May 26 (VNA) - The authorities of  Ho Chi Minh City  and Yangon of Myanmar have agreed to bolster trade and economic cooperation between the two localities and countries.      

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Vietnamese exports to Mexico jump sharply

Mexico City, May 28 (VNA) – Vietnam’s exports to Mexico in the first quarter of 2012 brought in 292.6 million USD, a year on year increase of almost 36.5 percent, mainly due to an increase in the volume of products.    

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Agro/forestry/seafood exports hit 11 billion USD

Hanoi, May 28 (VNA) – Vietnam  earned 2.3 billion USD from agro-forestry and aquatic exports in May, raising the sector’s total export revenue for the first five months of the year to nearly 10.9 billion USD, up 10.1 percent against the corresponding period last year.

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Ethanol to be exported due to lack of domestic demand

Hanoi, May 23 (VNA) - PetroVietnam has announced that it will increase exports of ethanol fuels due to a lack of market demand at home.    

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Trade deficit surges in first five months

Hanoi, May 24 (VNA) - The trade deficit in the first five months of the year surged sharply to 622 million USD, roughly 3.5 times higher than that of the first four months, the General Statistics Office (GSO) reported.    

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Seminar discusses US anti-dumping measures

Hanoi, May 24 (VNA) – A seminar on US anti-dumping and countervailing duty proceedings to protect exports from US anti-dumping and countervailing measures was held in Hanoi on May 24. 

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VN, Paraguay expand trade, investment promotion

Hanoi, May 30 (VNA) – The Vietnamese Embassy in Paraguay and the Paraguay-Vietnam Trade, Industry and Culture Chamber held a get-together in Asuncion on May 29, with businesses of the Latin American country. 

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Vietnam, Russia discuss fishery cooperation

Khanh Hoa, May 23 (VNA) – More than 50 Vietnamese and Russian experts discussed cooperation in sea fishing, aquaculture and fish fry species research, and post-harvest technology development at a seminar in the central coastal city of Nha Trang on May 23.      

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