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* The US Export-Import Bank signed an agreement with Vietnam Development Bank to lend Vietnam US$1 billion to build a wind-power plant in the Mekong Delta, according to a statement on the Vietnamese government's website.

* Commonwealth Bank of Australia, the nation's biggest lender, paid VND1.15 trillion ($54.9 million) for an additional 5 percent stake in Vietnam International Commercial Joint-Stock Bank, known as VIB, taking its stake in the Vietnamese lender to 20 percent.

* State-owned utility Electricity of Vietnam has asked the Ministry of Industry and Trade to raise power prices by between 10 and 13 percent. After the latest hike in March, the average retail price stands at VND1,242, or around 6 cents, per kilowatt-hour. The company can only break even when the price is raised to VND1,350 per kilowatt-hour, it said. A source told Thanh Nien the Ministry of Industry and Trade is considering an increase of 11 percent.

* Vietnam may restrict deposit insurance to local currency deposits only, the National Assembly said in a draft law document released at a briefing in Hanoi on Wednesday.

* TNK-BP received an investment license to operate offshore gas block 06.1 in Vietnam from the Investment and Trade Ministry, the Russian oil venture said Wednesday in a statement. TNK-BP, half owned by BP Plc, bought 35 percent of the block, part of the Nam Con Son gas-to-power project, from the UK explorer this year.

* Vietnam's rice exports fell 40.5 percent to 454,518 tons in September from a month earlier, according to a report on General Customs' website Wednesday. Exports in the first nine months gained 10.3 percent to 5.93 million tons from a year earlier, according to the report.

* Coffee exporters in Vietnam, set to ship a record harvest, are being urged not to sign so-called forward contracts unless they have beans in hand after some companies didn't honor deals earlier this year as prices jumped. "We have told state-owned coffee companies to not sell forward when they don't have actual coffee," Deputy Minister for Agriculture and Rural Development Diep Kinh Tan told Bloomberg on Wednesday.

* State lender BIDV has decided to cut dong lending rates by up to 2 percentage points from October 20, from 18-19 percent a year. This is the bank's third rate cut within two months, the central bank said in a report.

* Vietnam will continue implementing the inflation-fighting strategy known as Resolution 11 until "we bring macroeconomic indicators back to normal," Deputy Minister of Planning and Investment Dang Huy Dong, said at the Vietnam Investment Summit in Ho Chi Minh City Wednesday. That means "inflation will have to be brought down to a single digit, gradually," Dong said.

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