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PRESS DIGEST - Vietnam newspapers - April 2

Wed Apr 1, 2009 10:42pm EDT

HANOI, April 2 (Reuters) - These are some of the leading stories in the official Vietnamese press on Thursday. Reuters has not verified these stories.

Russia

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FINANCIAL NEWS:

VIETNAM NEWS

-- The U.S. dollar has been weakening since last week on Vietnam's official market but it remained high on the street at 17,800 dong per dollar, bankers said.

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THANH NIEN

-- Top high-tech firm FPT FPT.HM said it had appointed a new chief executive, Nguyen Thanh Nam, to replace founder Truong Gia Binh.

-- Foreign investors were net sellers of 500 billion dong ($28 million) of stock on the Ho Chi Minh Stock Exchange .VNI in the past week, Dai Viet Securities said.

-- Top dairy firm Vinamilk VNM.HM expected pre-tax profit this year to rise 21.8 percent to 1.67 trillion dong ($94 million) and revenue to grow 10 percent to 9.2 trillion dong. Vinamilk projected the annual dividend this year at 30 percent.

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THOI BAO KINH TE VIETNAM

-- Partly private Viet A Bank said it had raised dong deposit rates on almost all terms by up to 0.5 percentage point, offering to pay 8 percent now for six-month deposits.

ECONOMIC AND GENERAL NEWS:

NHAN DAN

-- Saigon Port, Vietnam's largest port, said it handled 4.67 million tonnes of cargo in the first quarter of this year, up 41.6 percent from the same period last year, and 48 percent of this was river sand in transhipment from Cambodia to Singapore.

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QUAN DOI NHAN DAN

-- Vietnam's cement demand in 2009 is forecast to rise about 11 percent to between 44 million and 45.5 million tonnes, the Construction Ministry said.

-- The rainy season is forecast to start earlier than usual this year in the Central Highlands coffee belt and Vietnam's southern region, said Bui Minh Tang, head of the national hydro and meteorology centre.

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SAIGON GIAI PHONG

-- Vietnam will aim to keep fuel retail prices stable to fight economic recession, Deputy Minister of Industry and Trade Nguyen Cam Tu said.

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THANH NIEN

-- Many exporters in the southern province of Dong Nai, where many key industrial parks are located, complained their foreign buyers kept delaying contract payments due to the recession in their countries.

-- As many as 1,500 Vietnamese guest workers in Russia could be laid off as their employers scale down production, the Labour Ministry said.

- - - - (Reporting by Hanoi Newsroom)



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