HANOI, May 10 (Reuters) - These are some of the leading stories in the official Vietnamese press on Monday. Reuters has not verified these stories and does not vouch for their accuracy.
VIETNAM NEWS
-- Nine crew members from a Malaysian tugboat that was attacked by pirates and later rescued from a life buoy by the Vietnamese navy near the Spratly archipelago were brought to safety in Ba Ria-Vung Tau province.
THOI BAO KINH TE VIETNAM
-- The Vietnam Food Association has proposed the government to give a 100 percent subsidy to loans offered to exporters buying rice under the stockpiling scheme, said Truong Thanh Phong, chairman of the association.
-- The State Bank of Vietnam was updating legal capital requirements for credit institutions after 2010, which could raise the minimum registered capital needed by banks to 5 trillion dong ($263.7 million) by 2012 and 10 trillion dong by 2015 from 3 trillion dong now.
-- Petrovietnam Construction Corp will cooperate with Ocean Group to invest $1 billion in the 102-storey PVN Tower in Hanoi, which is expected to be Vietnam's biggest international financial-commercial centre.
-- An adjusted and supplemented version of the Law on Insurance Business will be presented to the National Assembly this year in its eighth meeting, said the Insurance Control and Supervision Department.
-- ACB said its first-quarter gross profit rose 25 percent from the same period last year to 578 billion dong ($30.5 million).
THANH NIEN
-- The State Securities Commission is conducting a poll on a draft circular which increases the penalties imposed on internal transaction violations and price manipulation and adds that those activities could be treated as criminal affairs.
VIETNAM INVESTMENT REVIEW
-- Foreign organisations' interest in bonds, except government bonds, and certificates of deposit will be taxed at 10 percent, the Finance Ministry said.
-- Around 36 percent of 2,500 surveyed small- and medium-sized enterprises reinvested in technology, equipment and products in 2009, down from 73.5 percent in 2007, the Central Institute for Economic Management said.
-- High dollar loan growth rates in recent months are raising concerns about negative pressure on the foreign exchange market, which is currently stable, bankers said.
($1 = 18,960 dong)
(Reporting by Hanoi Newsroom)
((hanoi.newsroom@reuters.com; +844 3825 9623)) Keywords: VIETNAM PRESS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
VIETNAM NEWS
-- Nine crew members from a Malaysian tugboat that was attacked by pirates and later rescued from a life buoy by the Vietnamese navy near the Spratly archipelago were brought to safety in Ba Ria-Vung Tau province.
THOI BAO KINH TE VIETNAM
-- The Vietnam Food Association has proposed the government to give a 100 percent subsidy to loans offered to exporters buying rice under the stockpiling scheme, said Truong Thanh Phong, chairman of the association.
-- The State Bank of Vietnam was updating legal capital requirements for credit institutions after 2010, which could raise the minimum registered capital needed by banks to 5 trillion dong ($263.7 million) by 2012 and 10 trillion dong by 2015 from 3 trillion dong now.
-- Petrovietnam Construction Corp will cooperate with Ocean Group to invest $1 billion in the 102-storey PVN Tower in Hanoi, which is expected to be Vietnam's biggest international financial-commercial centre.
-- An adjusted and supplemented version of the Law on Insurance Business will be presented to the National Assembly this year in its eighth meeting, said the Insurance Control and Supervision Department.
-- ACB said its first-quarter gross profit rose 25 percent from the same period last year to 578 billion dong ($30.5 million).
THANH NIEN
-- The State Securities Commission is conducting a poll on a draft circular which increases the penalties imposed on internal transaction violations and price manipulation and adds that those activities could be treated as criminal affairs.
VIETNAM INVESTMENT REVIEW
-- Foreign organisations' interest in bonds, except government bonds, and certificates of deposit will be taxed at 10 percent, the Finance Ministry said.
-- Around 36 percent of 2,500 surveyed small- and medium-sized enterprises reinvested in technology, equipment and products in 2009, down from 73.5 percent in 2007, the Central Institute for Economic Management said.
-- High dollar loan growth rates in recent months are raising concerns about negative pressure on the foreign exchange market, which is currently stable, bankers said.
($1 = 18,960 dong)
(Reporting by Hanoi Newsroom)
((hanoi.newsroom@reuters.com; +844 3825 9623)) Keywords: VIETNAM PRESS (If you have a query or comment on this story, send an email to news.feedback.asia@thomsonreuters.com) COPYRIGHT Copyright Thomson Reuters 2010. All rights reserved. The copying, republication or redistribution of Reuters News Content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters.
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