PRESS DIGEST - Vietnam newspapers - Aug 28

Wed Aug 27, 2008 10:19pm EDT
 
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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...

 
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