PRESS DIGEST - Vietnam newspapers - June 11
HANOI, June 11 (Reuters) - These are some of the leading stories in the official Vietnamese press on Wednesday. Reuters has not verified these stories and does not vouch for their accuracy.
- - - -
FINANCIAL NEWS:
TUOI TRE
-- Catfish processor Nam Viet Corporation ANV.HM signed contracts to buy 40,000 tonnes of tra catfish from local farmers in the Mekong Delta.
-- Vietnam earned $3.2 billion from footwear exports during the first five months of this year, a 19-percent increase compared to the same period last year.
- - - -
THOI BAO KINH TE VIETNAM
-- Ho Chi Minh City government assigned Tan Thuan Industrial Promotion Company to negotiate with Dubai World about a new port project and development of a harbour city at Hiep Phuoc harbour.
-- The construction of a $340-million ring road, linking Tan Son Nhat International Airport and Binh Loi bridge, started on Tuesday. Ho Chi Minh City government hired South Korea's Engineering & Construction (GS E&C) for the project.
- - - -
DAU TU CHUNG KHOAN
-- Denmark's Carlsberg (CARLb.CO) raised its stakes in state-owned Hanoi-based brewer Habeco to nearly 16 percent after buying 5.77 percent of unsold shares reserved from Habeco's initial public offering late in March.
-- State-owned Vietindebank signed an agreement with taxi operator Mai Linh Group Joint Stock Company to have more opportunities to improve its product quality and expand the scope of banking and finance services via a large taxi network of Mai Linh throughout the country.
- - - -
ECONOMIC AND GENERAL NEWS:
THANH NIEN
-- The government has not raised retail oil product prices because it wanted to "share the burden" with consumers amid high inflation, Deputy Trade Minister Nguyen Cam Tu said.
-- Many businesses, especially shipping companies, have asked their customers to pay in U.S. dollars or use the unofficial exchange rates of up to 18,000 dong to a dollar to settle contracts.
- - - -
TUOI TRE
-- Saigonbank became the first bank to raise interest rates to 17.5 percent on dong deposits with maturities of 6 months after the central bank hiked dong base rates to 14 percent on Wednesday.
- - - -
VIETNAM NEWS
-- The State Bank of Vietnam dramatically increased interest rates once again as banks struggle to keep pace with inflation adn the government pushes for macro-economic stability.
- - - -
