PRESS DIGEST - Vietnam newspapers - Sept 23
HANOI, Sept 23 (Reuters) - These are some of the leading stories in the official Vietnamese press on Tuesday. Reuters has not verified these stories and does not vouch for their accuracy.
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FINANCIAL NEWS:
VIETNAM NEWS
-- Vietnam's consumer price index rise this year is seen at 25-26 percent, the government's General Statistics Office said.
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TUOI TRE
-- The State Bank of Vietnam could keep unchanged its base rate in October even when inflation may be strongly contained because the cut could mistakenly signal the government's loosening monetary policies, industry experts said.
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THANH NIEN
-- A large number of new share issues and listings may bring dilution to the market while conditions are not favourable, several market analysts said.
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-- Bac A (North Asia) Bank said it has won central bank permission to raise its capital base by 8.5 percent to 1.02 trillion dong ($61.8 billion).
ECONOMIC AND GENERAL NEWS:
VIETNAM NEWS
-- Tropical storm Hagupit will bring heavy rains to north and central Vietnam on Wednesday, the National Meteorological Forecasting Centre said.
-- The Hanoi People's Committee issued warning against a number of clergymen of Thai Ha Church for breaches of law.
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NHAN DAN
-- Vietnam would export 3.58 million tonnes of rice in the first nine months of this year, including a shipment of 373,000 tonnes in September alone, the Vietnam Food Association said. Exporters are seeking deals to sell another 1 million to 1.2 million tonnes in the last quarter of this year, it said.
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QUAN DOI NHAN DAN
-- The government has raised the interest rates on state investment by allowing banks to charge the credit at a rate equal to the coupon on five-year government bonds plus 1 percent, instead of the five-year debt coupon plus 0.5 percent.
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LAO DONG
-- Violations of environmental regulations, with companies causing pollution, have been found in 11 out of 13 industrial zones in Ho Chi Minh City, the city's management board of industrial zones said.
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THANH NIEN
-- Deputy Education Minister Banh Tien Long said Vietnam planned to establish its first American University as it sought to increase educational exchanges with the United States.
-- More Vietnamese clients have cancelled insurance contracts with AIG Vietnam following the financial crisis of the insurer in the United States.
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THOI BAO KINH TE VIETNAM
-- Petrovietnam's Binh Son Oil Refining Co has received a licence to invest $120 million in a biofuel plant near the site of Dung Quat oil refinery, the country's first. Construction is expected to be completed by 2010 with a capacity of 100 million tonnes of ethanol per year.
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