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Vietnam Economic Highlights: 24 September 2014

September 24, 2014 (ILC) — Daily economic highlights by InvestLink Canada are as follows.

* VNIndex and HNX Index decrease to 603.59 (-1.11%) and 87.71 (-0.05%). Total trading volume is nearly 200.6 million shares, worth more than VND3,939.92 billion (US$188 million) – as same as that of Sept. 23. 132.7 million shares are traded in HOSE while 67.9 million shares in HNX (Vietfin, Sep. 24).

* The Viet Nam Association of Foreign-Invested Enterprises cooperated with the Small and Medium-sized Enterprises Association in the South to launch the Trade Capacity Enhancement Project (TRACE II). The project will be invested with €525,000 (US$672,000), of which €472,000(US$604,160) is sponsored by the EU (VOV, Sept. 23).

* Deputy Director of Hanoi Department of Trade and Industry confirmed that in the future, the Capital City will have about 999 supermarkets, 64 trade centers. Annual investment from now to 2020 will be VND6,000 billion (US$285 million)/year and VND10,000 billion (US$476 million)/year after 2020 (Cafef, Sept. 24).

* Indonesia’s state logistics agency BULOG has done a deal with the Vietnam Food Association to purchase 200,000 tonnes of rice. According to the deal, Vietnam will supply 50,000 tonnes of 5% broken rice at $443.5 per tonne, fob basis, and 150,000 tonnes of 15% broken rice at 4421 per tonne (Cafef, Sept. 24).

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