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PRESS DIGEST - Vietnam newspapers - June 10

Mon Jun 9, 2008 10:37pm EDT

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HANOI, June 10 (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:

THANH NIEN

-- Several banks continued to raise interest rates on dong deposits above 16 percent per year to attract dong depositors.

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-- Viet A Bank has raised interest rates on dong deposits to up to 16.5 percent per year, the highest yield on dong deposits offered by commercial banks.

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THOI BAO KINH TE VIETNAM

-- Depositors who put money in foreign currencies at banks can withdraw the whole principal and interest in foreign currencies, the Department of Foreign Exchange Management said in a document to refute a rumour that commercial banks would not allow depositors to withdraw their savings in foreign currencies.

-- Local authorities of Thua Thien - Hue province licensed a subsidiary of Singapore's Banyan Tree Group (BANY.SI) to invest $875 million in a resort complex called Laguna Hue.

-- Gemadept Joint Stock Company GMD.HM will carry out the issue of 24.5 million additional shares that was scheduled in late 2007 or in the first quarter of 2008 but temporarily suspended due to the stock market's decline.

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ECONOMIC AND GENERAL NEWS:

SAIGON GIAI PHONG

-- Contractors have completed more than 90 percent of the construction of Dung Quat refinery and aimed to put the plant into operation on time by February. The refinery will meet about 30 percent of national oil product demand, officials said.

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TUOI TRE

-- Vietnam has had no bird flu outbreaks in the past 14 days, Deputy Agriculture Minister Vu Van Tam said.

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VIETNAM NEWS

-- Deputy Prime Minister cum Foreign Minister Pham Gia Khiem emphasised his wish to strengthen dialogue between Vietnam and the Vatican as a Vatican delegation visited the country.

-- Prime Minister Nguyen Tan Dung declared a new campaign against drug trafficking from June through August that includes more efforts to change prevention of illegal drug use.

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