PRESS DIGEST - Vietnam newspapers - Aug 28
HANOI, Aug 28 (Reuters) - These are some of the leading stories in the official Vietnamese press on Thursday. Reuters has not verified these stories and does not vouch for their accuracy.
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FINANCIAL NEWS:
TUOI TRE
-- Partly private Eximbank has set aside 2 trillion dong ($122 million) for lending to export and import businesses at 8.4 percent per year, 60 percent lower than the current market rates.
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THOI BAO KINH TE VIETNAM
-- The Commonwealth Bank of Australia (CBA.AX) will open its first branch in Vietnam after 14 years operating a representative office in Hanoi, the Australian embassy said.
-- Sacombank Securities Company has set aside 200 billion dong for stock-collateralised lending and would raise the credit limit pending market conditions, CEO Nguyen Ho Nam said.
-- The State Securities Commission has licensed Taiwan's brokerage Polaris Securities Co Ltd.
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ECONOMIC AND GENERAL NEWS:
VIETNAM NEWS
-- Vietnamese oil product importers could level losses by the year end if world prices stay at $115-$120 per barrel and they can make a profit of 1,000 dong (6 U.S. cents) for a litre of petrol, said Deputy Industry and Trade Minister Do Huu Hao. Vietnam uses 15 million tonnes of oil products and petrol annually.
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NHAN DAN
-- Vietnam's sugar prices would be stable next month as the stockpile held by domestic sugar refineries at Aug 31 is estimated at 174,000 tonnes, 26 percent above the same time last year, the government's domestic market regulatory group said.
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THANH NIEN
-- Motorcycle sales, which average 3.6 million vehicles per year now, are expected to slow significantly in the next five to 10 years as consumers switch to cars and public transportations, Deputy Industry and Trade Miniter Do Huu Hao said.
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TUOI TRE
-- Most hospitals in Ho Chi Minh City said they did not have enough blood for transfusion due to lower donation in August.
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THOI BAO KINH TE VIETNAM
-- Vietnam Railway Corp has hired a consultant to prepare an investment study for the country's first trans-national high-speed railway. The $46.5 billion track would cut the travel time between Hanoi and Ho Chi Minh City to 10 hours from more than 30 hours now.
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