PRESS DIGEST - Vietnam newspapers - May 6
HANOI, May 6 (Reuters) - These are some of the leading stories in the official Vietnamese press on Wednesday. Reuters has not verified these stories.
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FINANCIAL NEWS:
HANOI MOI
-- State-run Agribank said it had started a savings package to raise 6 trillion dong ($338 million) between May 1 and July 29 and would award gold to depositors who win a lucky draw in early August.
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QUAN DOI NHAN DAN
-- Agribank said it would seek funding from foreign loans, retained profits or a government cash injection to raise its registered capital so that it could achieve the internationally recognised capital adequacy ratio of 8 percent.
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TUOI TRE
-- Banks have raised the interest rates on long-term dong deposits to as much as 9.7 percent on the expectation that inflation would be higher next year from this year's projected 6 percent.
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THOI BAO KINH TE VIETNAM
-- Fertiliser maker PVFCCo DPM.HM said it earned 467 billion dong during the first four months of the year, or 43 percent of its annual target.
-- State oil group Petrovietnam has hired PVFCCo to operate and supply manpower to Ca Mau Fertiliser Company.
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DAU TU CHUNG KHOAN
-- Bao Viet group projected its net profit this year would grow to 507 billion dong from 494.1 billion dong last year. The insurer said it would list shares on the main exchange .VNI in 2009.
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DAU TU
-- State oil monopoly Petrovietnam said revenues in the first four months of 2009 totalled 70.72 trillion dong, down 18.5 percent from the same period last year due to lower world oil prices.
ECONOMIC AND GENERAL NEWS:
NHAN DAN
-- Vietnam's capital Hanoi has a stockpile of 5,000 Tamiflu pills and it would set aside 400 beds to prepare for any H1N1 infections, the city's health department said.
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LAO DONG
-- Japan may reduce its imports of Vietnamese coffee this year due to economic constraints, the Vietnam Coffee and Cocoa Association said. Last year it bought 6 percent of Vietnam's coffee exports.
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SAIGON GIAI PHONG
-- Nearly 3,000 fishermen on 241 ships were still working on waters between the Paracel and Spratly Islands on Tuesday in the danger zone near Storm Cham-Hom's centre, authorities said.
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TUOI TRE
-- Steel prices have been rising thanks to strong demand from builders.
-- Japanese car maker Toyota has recalled nearly 700 Toyota Fortuner models in Vietnam due to a technical problem.
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DAU TU
-- Demand for physical gold weakened as investors had more appetite for risk thanks to a strong rebound in the domestic stock markets, gold dealers said.
-- The disbursement of official development assistance in the first four months totalled $300 million, or 16 percent of the annual target, the planning and investment ministry said.
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VIETNAM NEWS
-- Communist Party General Secretary Nong Duc Manh visited General Vo Nguyen Giap on Tuesday to congratulate him on the occasion of the 55th anniversary of the Dien Bien Phu victory over France, which falls on May 7.
- - - - (Reporting by Hanoi Newsroom)
