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Update news HSBC

BUSINESS IN BRIEF 10/11

 State bank auctions more gold, demand stays high; $35 million factory to make automobile parts; Vinacomin coal exports decline after tax hike; Pepper Association urges caution before signing export contracts

BUSINESS IN BRIEF 26/7

 Tax policy changes hit plastic industry; PV Gas posts hefty profit; Phu Quoc needs special mechanism for takeoff; E-tax service to spread wings farther

Manufacturing purchasing index continues to fall

 VietNamNet Bridge – The Viet Nam manufacturing sector was hit by marked downturns in output and new orders in June, leading companies to cut employment and purchasing,

Everything is half-done

 VietNamNet Bridge – Although the Government has made many efforts to restructure the economy, all of them are still half-done,

Vietnam’s stock market to prosper in 2013: analysts

Analysts all keep optimistic when giving predictions about the stock market performance in 2013 after several years of staying gloomy.

HSBC to pay $1.9 bn to settle US claims: report

 US authorities plan to announce a record $1.9 billion settlement with British bank HSBC to end allegations of money laundering, The Wall Street Journal reported on its website.

Foreign bankers discuss Vietnam’s non-performing loans

VietNamNet Bridge - Given that the bad debt situation in Vietnam is not considered as a "tragedy," foreign experts suggested the Vietnamese government to take rapid and drastic solutions to deal with it.