* Vietnam Joint-Stock Commercial Bank for Industry & Trade, known as VietinBank, has received a license to open a branch in Frankfurt, Germany, according to a statement on the Ho Chi Minh Stock Exchange's website.
* Imports of 500,000 tons of rice from Vietnam will arrive in Indonesia this month to replenish state inventory, Bulog, the Indonesian state food company, said in a statement posted on its website Tuesday. Vietnam's rice imports will boost Bulog's stockpiles to cover seven months of consumption, President Director Sutarto Alimoeso said in the statement.
* The State Treasury plans to offer between VND2 trillion (US$97.2 million) and VND4 trillion of bonds at auction every Thursday in the third quarter, according to a statement on the website of the Hanoi Stock Exchange, where the auctions will take place. The Treasury also plans to offer between VND1 trillion and VND2 trillion of T-bills at auction every first and third Monday in the third quarter via the central bank, the statement said.
* Vietnam will raise its coal export tax to 20 percent from 15 percent from September 11, a move aimed at limiting outflows of the fuel, Tuoi Tre newspaper reported, citing an unidentified official from the Ministry of Finance.
* Fisheries output fell 12 percent year-on-year in the first half of 2011 because of unfavorable climate conditions and disease outbreaks, Habubank Securities said in a new report. The Mekong Delta, Vietnam's leading fisheries production region, has had shrimp die in large numbers for reasons as yet unknown, it said.
* PetroVietnam has launched the 2011 licensing round for nine oil and gas blocks offshore Vietnam, the first since 2007 and the most in recent years. The licensing round lasting between August 1 and January 5, 2012 covers nine blocks in Nam Con Son, Phu Quoc and Malay-Tho Chu basins, state oil and gas PetroVietnam group said in a statement on Tuesday.
* The Ministry of Finance signed a circular which will impose a 10 percent export tax on jewelry that has more than 80 percent gold content, Thoi Bao Kinh Te Vietnam newspaper reported, without specifying when it will take effect. The tax previously applied to jewelry containing more than 99 percent gold, according to the report.
* State utility Electricity of Vietnam owes a combined VND10 trillion ($486 million) in debt to state oil and gas group PetroVietnam and top coal miner Vinacomin, Deputy Industry and Trade Minister Hoang Quoc Vuong said. The group faced losses of VND3.5 trillion in the first half of 2011 after losing VND8.19 trillion in 2010, he said.