PRESS DIGEST - Vietnam newspapers - May 5
HANOI, May 5 (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.
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FINANCIAL NEWS:
TUOI TRE
-- The higher import duty on new cars, which was raised to 83 percent from 70 percent, has considerably driven up sticker prices and slowed down the sale of imported cars.
-- Refrigeration Electrical Engineering Corporation REE.HM announced revenues in the first quarter this year rose to 275.26 billion dong ($17.2 million), up 49 percent compared to the same period of last year, but it suffered a loss of 106.15 billion dong ($6.6 million) due to losses on stock investments.
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ECONOMIC AND GENERAL NEWS:
HANOI MOI
-- Vietnam's first refinery, the 140,000-bpd Dung Quat refinery, will be test run in September this year.
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SAIGON GIAI PHONG
-- The Trade and Industry Ministry said at a meeting with rice exporters it still gave priority to domestic food security over exports.
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THOI BAO KINH TE VIETNAM
-- Luxury condominium prices have fallen up to 30 percent in the past two months due to low demand, the Construction Ministry said.
- - - - (Reporting by Hanoi Newsroom)
