PRESS DIGEST - Vietnam newspapers - Aug 12
HANOI, Aug 12 (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:
TUOI TRE
-- More banks cut deposit rates on the dong, dollar and gold from Monday. Some analysts said a slower growth of the country's consumer price index and trade deficit combined with banks' recent move to slash rates showed the economy has gradually become stable.
-- Sacombank STB.HM and Citibank joined Prudential Vietnam to provide services of paying Prudential Vietnam insurance premium through Sacombank's system.
-- The market for unlisted shares is warming and liquidity has been boosted with trading focused on shares in banks and real estate companies.
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THOI BAO KINH TE VIETNAM
-- Asia Commercial Bank ACB.HN has opened three transaction offices, expanding its network to 151 points of service nationwide.
-- Vincom VIC.HM said it planned to open Vincom Property Transaction Centre by the end of this year.
-- Customers of Vietnam Airlines and Jetstars Airlines will now have to pay fuel surcharge for domestic flights from Aug 15, the Finance Ministry said.
ECONOMIC AND GENERAL NEWS:
LAO DONG
-- The South Korean labour authorities have agreed to receive up to 12,000 Vietnamese guest workers in 2009 and 2010.
-- Hanoi city government plans to evacuate residents along the Hong River (Red River) to avoid floods.
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THANH NIEN
-- Heavy rains are forecast in Vietnam's northern provinces until Wednesday, raising the risk of further floods, said Bui Minh Tang, director of the national weather forecast centre.
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THOI BAO KINH TE VIETNAM
-- The Vietnam National Textile and Garment Group said it would invest 3.5 trillion dong ($212 million) to plant 40,000 hectares (98,840 acres) of cotton by 2015 in central coastal provinces and part of the Central Highlands.
-- Vietnam would have to replace half of its 500,000 hectares (1.24 million acres) of coffee area over the next five to 10 years, meaning the output would fall from the current level of around 1 million tonnes (16.7 million bags) per year, industry reports show.
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