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PRESS DIGEST - Vietnam newspapers - March 2

Sun Mar 1, 2009 8:44pm EST

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

Cuba  |  China  |  Japan

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FINANCIAL NEWS:

VIETNAM NEWS

-- Ho Chi Minh City-based shipping firm Gemadept GMD.HM said it posted a net loss of $9.3 million in 2008.

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VIETNAM INVESTMENT REVIEW

-- Banks have begun to slash interest rates on dollar deposits to as low as 2.4 percent per year due to weak borrowing demand.

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THANH NIEN

-- Saigon Commercial Bank shareholders have agreed to raise the bank's registered capital this year to 3.37 trillion dong, or nearly $200 million, while raising assets to 41.5 trillion dong and earning a gross profit of 900 billion dong.

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ECONOMIC AND GENERAL NEWS:

VIETNAM NEWS

-- Vegetable and fruit exports are expected to double to $760 million next year from $390 million in 2008 thanks to demand from new markets such as Eastern Europe and other countries in Southeast Asia, the agriculture ministry forecast.

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VIETNAM INVESTMENT REVIEW

-- Australia granted Vietnam market economy status last week as a recognition of Vietnam's increasingly open market access to foreign firms.

-- Japan's official development assistance to Vietnam would exceed $900 million this year, Ambassador Mitsuo Sakaba said following Japan's resumption of the aid last month.

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HANOI MOI

-- Petrovietnam said it was working on a proposal to price oil products from Dung Quat refinery comparable to international prices.

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TUOI TRE

-- Market inspectors in the northern port city of Haiphong seized a truck on Sunday carrying 2 tonnes of chickens illegally imported from China.

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THOI BAO KINH TE VIETNAM

-- State-run policy lender Vietnam Development Bank will raise lending this year by 20-30 percent, Chief Executive Nguyen Quang Dung said.

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DAU TU

-- Africa, Iraq and Cuba bought a combined 500,000 tonnes of Vietnamese rice in the first two months of 2009. Combined with another 500,000 tonnes Vietnam shipped to the Philippines in the period, the country's rice exports in January and February were 1.05 million tonnes, the Agriculture Ministry said.

- - - - (Reporting by Hanoi Newsroom)

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China
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