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 Continued...


