PRESS DIGEST - Vietnam newspapers - Nov 12
FINANCIAL NEWS:
SAIGON GIAI PHONG
-- The National Assembly has approved a government project to sell bonds to raise 56 trillion dong ($3 billion) to fund state projects in 2010.
THANH NIEN
-- A widening trade deficit and a corporate demand to borrow Vietnamese dong at low rates thanks to the government subsidy have contributed to raising the demand for U.S. dollars in Vietnam and put pressure on the exchange rate, banking experts said.
THOI BAO KINH TE VIETNAM
-- Even though the stock markets gained in the last session, low liquidity still concerned investors, experts said.
-- Kinh Bac City Development Share Holding Corp KBC.HN has bought back so far 1.95 million treasury shares as part of the targeted 6 million shares registered for purchase.
ECONOMIC AND GENERAL NEWS:
NHAN DAN
-- French Prime Minister Francois Fillon is due to start a visit to Vietnam on Thursday.
-- Vietnam's gold imports in 2008 surged 78 percent from the previous year to 91 tonnes, and its gold exports last year also more than doubled to 26 tonnes from 11 tonnes in 2007, central bank governor Nguyen Van Giau said.
HANOI MOI
-- Hanoi's population stood at 6.44 million as of April 1, 2009, second in Vietnam after Ho Chi Minh City with 7.12 million, according to a national census.
SAIGON GIAI PHONG
-- The government will raise the minimum salary for state employees to 730,000 dong ($41) per month as of May 1, 2010, from 650,000 dong now, following approval by the National Assembly on Wednesday.
LAO DONG
-- The National Assembly has approved Vietnam's budget deficit for 2010 at 6.2 percent.
TUOI TRE
-- The death toll from the H1N1 flu virus rose to 41, the Health Ministry said. (Reporting by Hanoi Newsroom)
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