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Oil Report

PRESS DIGEST - Vietnam newspapers - April 22

HANOI, April 22 (Reuters) - These are some of the leading stories in the official Vietnamese press on Wednesday. Reuters has not verified these stories.

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FINANCIAL NEWS:

SAIGON GIAI PHONG

-- Vietinbank said it had started issuing certificates of deposit over a two-month period ending June 15 to raise 6 trillion dong ($337 million), with the yield on the 12-month term standing at 8.3 percent and that on the 36-month term at 9 percent.

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TUOI TRE

-- Partly private bank Eximbank said it had cut the annual rate on its short-term dollar loans to 5 percent from 6 percent.

-- Viet A Bank started offering unsecured consumer loans on Tuesday at rates between 0.75 percent and 0.82 percent per month.

-- State investment arm SCIC can divest stakes in more than 800 businesses, but the plan has been delayed by depressed stock markets, Chief Executive Tran Van Ta said.

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THOI BAO KINH TE VIETNAM

-- Dong Nam A Bank, or SeABank, said it made a net profit of 100 billion dong ($5.6 million) in the first three months of this year. The bank has projected full-year net profit at 648 billion dong.

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ECONOMIC AND GENERAL NEWS:

VIETNAM NEWS

-- Nearly 2,770 violations of the intellectual property law drew fines totalling 8 billion dong ($400,000) in Vietnam last year, a report said.

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HANOI MOI

-- Consumer prices in Hanoi this month rose an estimated 0.13 percent from March and were 10.7 percent up from the same month last year, the city’s statistics department said.

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TUOI TRE

-- An Air Asia Airbus 320 en route to Hong Kong from Bangkok had to make an emergency landing in Noi Bai International Airport on Monday after it reported an engine problem.

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THANH NIEN

-- Police have arrested the deputy chief executive of GP Bank and his two subordinates for violating banks’ lending rules in a real estate project in Hanoi.

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DAU TU

-- State oil monopoly Petrovietnam has established a coal trading firm to import the fuel for its coal-fired power plants.

- - - - (Reporting by Hanoi Newsroom)

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