* Vietnam's money supply rose 0.98 percent this year through April 21, according to a statement on the central bank's website. Money supply dropped 0.72 percent through April 21 compared with the end of March. Credit grew 5.01 percent this year, through April 21, and rose 0.11 percent compared to end-March, the State Bank of Vietnam said. Loans in foreign currency increased 0.02 percent, while dong loans rose 0.14 percent from March.
* Toyota Motor Corp. will increase production at its Vietnam unit to 70 percent of capacity from June 6, the company said in an e-mailed statement. Production at the facility had been reduced to 30 percent April 25 due to a shortage of parts caused by the earthquake and tsunami in Japan. The unit will return to normal production levels from July 4, according to the statement.
* Vietnam's State Treasury plans to offer between VND2 trillion (US$97.2 million) to VND4 trillion of bonds at auctions every Thursday in the second quarter, according to a statement on the Hanoi Stock Exchange website, where the auctions will take place. The State Treasury also plans to offer between VND1 trillion to VND2 trillion of T-bills at auctions every Monday in the second quarter at the central bank, the statement said.
* ConocoPhillips, the third-largest US oil company, plans to sell its stake in three oil and natural gas assets off Vietnam's coast, said John McLemore, a company spokesman. The energy producer is seeking to dispose of its holdings in the projects, McLemore said. The Houston-based company plans $5 billion to $10 billion in asset sales over 2011 and 2012 as it seeks cash to fund share buybacks and growth.
* The central bank said it had stopped licensing banks to open new outlets and automatic teller machines (ATM). At the end of 2010, there were 11,700 ATMs in Vietnam, up about 20 percent from the previous year.
* Hoa Phat Group Joint-Stock Co., Vietnam's biggest listed steel producer, has been granted a license from the Laotian government to develop a gold mine in Laos, Dau Tu newspaper reported, without saying where it got the information. The gold deposit, which is in Xayaburi province in northwest Laos, may have a reserve of about 10.5 tons of the precious metal.
* Phu Nhuan Jewelry Joint-Stock Co., the only jewelry manufacturer on the Ho Chi Minh Stock Exchange, said net profit rose 48 percent to VND95.3 billion ($4.6 million) in the first quarter from a year earlier, according to a statement on the exchange's website. Revenue more than doubled to VND3.56 trillion ($172.9 million) in the same period, according to the statement.