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PRESS DIGEST - Vietnam newspapers - Feb 9
09 Feb 2009 02:19:16 GMT
Source: Reuters
HANOI, Feb 9 (Reuters) - These are some of the leading stories in the official Vietnamese press on Monday. Reuters has not verified these stories.

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FINANCIAL NEWS:

LAO DONG

-- Fund management firms must have at least two founding institutional shareholders who hold a combined 65 percent of the firm's capital base, the Finance Ministry said in an adjusted regulation.

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-- Saigon Asset Management said the net asset values of both Vietnam Equity Holding and Vietnam Property Holding, which have shares listed on German stock markets, have dropped 15.4 percent and 9 percent respectively in the fourth quarter last year.

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TUOI TRE

-- Partly private VIB bank said it has joined the government's loan rate subsidy plan by setting aside 25 trillion dong ($1.5 billion) to lend to exporters who could enjoy an annual rate of 1 percent.

ECONOMIC AND GENERAL NEWS:

VIETNAM NEWS

-- Though Vietnam's economy has been stable even amidst the current global economic crisis, it was beginning to show signs of slowdown, the government said in a resolution.

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VIETNAM INVESTMENT REVIEW

-- Vietnam will develop bauxite mining and refining projects in the Central Highlands despite recent concerns about environmental problems, Prime Minister Nguyen Tan Dung said.

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HANOI MOI

-- Vietnam's crude oil production would reach its peak of 400,000 barrels per day (bpd) in 2009 and 2010, then it will start falling to 330,000 bpd in subsequent years, according to a report on Vietnam's oil production between 2007 and 2018 complied by Business Monitor International.

- - - - (Reporting by Hanoi Newsroom)


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Ducklings are seen at an incubating farm outside Hanoi February 3, 2009. Vietnam's capital city Hanoi has banned the use of motorcycles and bicycles to transport live poultry as part of ...



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Last updated:Mon Feb 9 02:21:13 2009