HANOI Nov 23 These are some of the leading
stories in the official Vietnamese press on Friday. Reuters has
not verified these stories and does not vouch for their
-- The central bank is formulating a restructuring plan for
four ailing banks after having consolidated five others, the
government said in a report to the parliament.
-- The State Securities Commission, the stock market
regulator, said it may revoke licences of seven brokerages that
are under special supervision if they fail to meet financial
safety requirements in the next six months.
ECONOMIC AND GENERAL NEWS:
VIETNAM NEWS (vietnamnews.vnagency.com.vn)
-- The personal income tax threshold will be increased to 9
million dong ($430) a month from 4 million dong now as of July
2013, said the National Assembly, which also approved a rise in
the exemption sum for each dependent person.
-- The world may face a surplus of black pepper in coming
years as demand stands at 200,000 tonnes a year, while Vietnam,
which exports most of its spice, has projected a higher output
of 150,000 tonnes a year by 2020 from 100,000-110,000 tonnes
now, the International Pepper Community said.
-- Many businesses said they have cut their production plans
by 20-30 percent for Tet, the Lunar New Year which will fall
early next year, for fear of slumping consumer demand.
-- Japan's JX Nippon Oil & Energy Corp has declined to join
the Dung Quat oil refinery's expansion plan, while two other
foreign partners, South Korea's SK Energy and Venezuela's state
oil group PDVSA, have shown interest in the plan, said Chairman
Nguyen Hoai Giang of the Binh Son Refining and Petrochemical Co,
which operates the refinery.