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Nam Bay Bay Co reports Q1 performance
2008-06-07 03:35:00 Nam Bay Bay Joint Stock Co (coded NBB) recently reported the business result during the first quarter of the year with 26.551 billion dong in net revenue from sales and service provision, rising 13.74% against previous year. In addition, the company gained 1.467 billion dong from financial revenue, a higher figure... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Performance
Military Bank licensed to launch domestic factoring service
2008-06-07 03:35:00 Military Commercial Joint Stock Bank (Military Bank) recently was licensed to carry out the domestic factoring specification (meaning the buying of trade debt of a manufacturer, assuming the task of debt collection and accepting the credit risk, provide manufacturer with working capital) according to State Bank of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Military , Service , Domestic , Launch
One-day deposit programme at ABBank launched
2008-06-07 03:32:00 An Binh Commercial Joint Stock Bank (ABBank) recently launched the one day saving product for depositors with 50 million dong and higher whereby customers can receive a deposit rate of 11% per annum for a deposit of 50-500 million dong, 11.5% pa for deposits worth 500 million to one billion dong and 12% per annum for... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Launched , Programme
Sacombank continues increasing dong deposit rates
2008-06-07 03:32:00 Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) on June 5 officially applied new interest rate benchmark of dong deposits. Particularly, the interest rate being applied on dong deposits with terms of one-month and over six months is 14.7% per year or 1.225% per month and from two months to six months 15%... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Rates , Dong
Ocean Bank opens 11 transaction offices
2008-06-07 03:30:00 Ocean Commercial Joint Stock Bank (Ocean Bank) recently inaugurated 11 transaction offices just in May in Hanoi and Ha Tay province's Ha Dong City, bringing the whole network to 40. Those transaction offices all operate in all fields of capital mobilisation, receiving demand and term deposits, mandated capital and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Ocean , Offices
SCIC proposes diversification of share sales
2008-06-07 03:27:00 State Capital Investment Corp (SCIC) is proposing higher authorities to allow the diversifying of the plan to sell state owned shares in enterprises by adding negotiated method and selling entire a lot of shares. The sale of entire share lot (as for small companies) will be defined under a consultant. Hoang Nguyen... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Sales , Share , Diversification
Gold opportunity for spirited investors
2008-06-07 03:26:00 The May 31 report of Bao Viet Securities Co (BVSC) showed that the price to earning (P/E) ratio of Vietnamese stock market is fairly competitive as compared with regional countries'. The report was presented before over 40 investors from investment funds of Singapore, Malaysia, Hong Kong, Japan, US, Switzerland and EU... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Gold , Opportunity , Investors
Bao Long Insurance firm to pay 10% dividend in cash
2008-06-07 03:23:00 Bao Long Insurance Joint Stock Co recently announced that it would pay the 2007 dividend of 10% in cash, which will be broken into two phases. In the first phase, the company would pay a 5% dividend in advance from June 2. The second one with the remaining 5% will be implemented according to the resolution of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Cash , Dividend
Idico urban and housing developer mobilises idle capital from shareholders
2008-06-07 03:23:00 Idico Urban and Housing Development Investment Joint Stock Co (coded UIC) recently passed the plan to mobilise capital from the 2007 dividend payment and idle capital from shareholders. Last year, UIC made a total revenue of 510.781 billion dong and 14.265 billion dong from pre tax profit, which is expected to be 705... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Developer , Shareholders , Capital
Stocks Drop, Extending Record Losing Streak to 22 Days
2008-06-06 13:08:00 Viet Nam's benchmark stock index fell, extending the record losing streak to 22 days, as Merrill Lynch & Co. predicted a delay before the market rebounds. The Ho Chi Minh Stock Index fell 1.5% to 384.24 today, capping a record 22-day losing streak, on concern a widening trade deficit and inflation at a 16-year high... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Stocks , Days , Record , Drop
Viet Nam will surely overcome difficulties: Deputy PM
2008-06-06 13:05:00 Inflation, reducing public spending and public investment are burning issues at the midterm Consultative Group Meeting (CG) in Sapa, Lao Cai province today. Minister of Planning and Investment Vo Hong Phuc said Viet nam?s GDP growth rate in the first quarter of 2008 was 7.4%, which is still considered ?high?, but is... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Economy , Overcome
Heat taken out of dollar trades
2008-06-06 12:32:00 Greenback speculation on the black market has cooled following the State Bank?s strong messages to the public and large-scale selling to local commercial banks. Early last week, the public?s demand for the greenback went up dramatically, pushing the exchange rate on the black to record levels over the last few years.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Economy , Dollar , Heat
SBV considering reigning in banks? loaning fees
2008-06-06 11:53:00 The State Bank of Vietnam is considering prohibiting banks from collecting loaning fees from clients, or limiting the fees. And this is not good news for commercial banks. Currently, commercial banks? lending interest rates must not be higher than 18% (the basic interest rate announced by the State Bank for June is... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Economy , Banks , Fees
Merrill's Matthews Expects Delays Before Viet Nam Stocks Rebound
2008-06-06 09:15:00 Mark Matthews , head of Asia-Pacific equity strategy at Merrill Lynch & Co. in Hong Kong, comments on his outlook for Viet Nam's stocks. The Ho Chi Minh Stock Index extended a record losing streak to 21 days yesterday on concern a widening trade deficit and inflation at a 16-year high will prompt overseas funds to... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Stocks , Delays
Dong May Decline 10 Percent by Year-End, Calyon Says
2008-06-06 09:09:00 Viet Nam's dong may fall 10% by year-end as the government seeks a gradual depreciation to avoid a ``currency crisis'' and a sudden devaluation, according to Calyon , the investment banking arm of Credit Agricole SA. Accelerating inflation, a widening trade deficit and a near 60% slide in local stocks this year have... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Economy , Year , Dong
Vietnamese Stocks May Not Rebound From 58% Plunge, Merrill Says
2008-06-06 09:05:00 Vietnamese stocks may extend this year's worst slump among global markets as the government raises interest rates to quell inflation, Merrill Lynch & Co. said. Higher borrowing costs will restrain earnings growth and prevent a ``huge bounce'' in Viet Nam's equities, Mark Matthews, Asia Pacific head of equity strategy... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Stocks , Vietnamese
Eximbank boosts capital base by one-third
2008-06-06 08:59:00 Viet Nam's Export Import Commercial Bank, 15% owned by Sumitomo Mitsui Financial Group Inc, said on Friday it has raised its capital base by one-third after ending its share sales to foreign investors. Eximbank, Viet Nam's eighth-largest lender by assets, said in a statement its registered capital rose 33.3% to 3.73... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Capital , Base
June 06, Stock Market Continues Drop One More Week
2008-06-06 08:49:00 The weekend trading session on June 6, the Vietnamese stock market continued going down with free fall impetus during over last month. Closing the 1798th session, the index of the Ho Chi Minh City Stock Exchange (HOSE) stood at 384.18 points after falling 5.9 pts or 1.51% with the total matching order trades of 1.674... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Stock Market , Market , Week
LienVietBank inks three-way deal
2008-06-06 08:30:00 The Hau Giang-based Lien Viet Commercial Joint Stock Bank (LienVietBank) signed contracts on June 4 with local leading vendor Hapro ans Agribank Jewellery Company (AJC)to expand its business to the North. Under the deal, Hapro anf AJC committed to creating favourable conditions to use LienVietBank financial services... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Deal
LienViet Bank inaugurates Hanoi branch
2008-06-06 02:40:00 Lien Viet Commercial Joint Stock Bank (LienViet Bank) yesterday June 4 officially inaugurated Hanoi branch at No 50 Kim Lien St, Hanoi's Dong Da Dist. The Hanoi branch will have full ranges of banking sector like capital mobilisation, credit operation, payment and budgetary services. So far, LienViet Bank's total... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Branch
SCB licensed to extend issue of bills of exchange to July 4
2008-06-06 02:36:00 State Bank of Viet Nam recently approved Saigon Commercial Joint Stock Bank (SCB) to extend the deadline of issuing book entry bills of exchange in the dong with a total issue value of three trillion dong until July 4, 2008, according to the SBV governor's Decision No 1279/QD-NHNN dated June 3, 2008. The decision was... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Exchange , Bills , Issue
HOSE to welcome fourth fund certificate
2008-06-06 02:28:00 Ho Chi Minh City Stock Exchange (HOSE) recently approved the Viet Nam Blue-chips Fund (VFMVF4) to list on the southern bourse. VFMVF4 is managed by Viet Nam Securities Investment Fund Management Co (VFM) and supervised by Hong Kong Shanghai Banking Corp (HSBC)'s HCM City branch. VFMVF4 with a chartered capital of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Hose
Lilama 45.3 to go public
2008-06-06 02:23:00 The Hanoi Securities Trading Center (HaSTC) recently announced that shares of Lilama 45.3 Joint Stock Co would be officially traded on the northern bourse from June 11, marking the Viet Nam Machinery Installation Corp (Lilama)'s third subsidiary share code put into transactions on the northern floor and second... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Public , Initial Public Offering
Tan Tien Textile firm to auction remaining shares
2008-06-06 02:20:00 The Ho Chi Minh City Stock Exchange (HOSE) recently announced that it would hold the second auction for 3,283,800 shares at 10,000 dong par of Tan Tien Textile factory on June 27 with the initial price of 10,010 dong per share to change the firm's operation model to a joint stock company. The time to register and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Auction , Shares
Sieu Thanh Co to pay 10% dividend in shares
2008-06-06 02:18:00 The Ho Chi Minh City Stock Exchange (HOSE) recently announced that June 16 will be the registration deadline for Sieu Thanh Joint Stock Co (coded ST8) to close the list of shareholders receiving a dividend for the second phase of 2007. Under it, the company would issue 820,000 ST8-coded shares to pay dividend of 10%... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Shares , Dividend
Techcombank raises deposit rates in dong and US dollar
2008-06-06 02:16:00 Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) announced to raise the deposit rates of both dong and US dollar whereby the dong deposit rate was increased to 15.8% per annum. Deposits with terms of 1-3 months carry an interest rate ranging 15.35-15.45% per annum, 6-12 months at 15.55% per... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Interest Rates , Dollar , Rates , Dong
Military Bank applies maximum deposit rate of 15.2% per year
2008-06-06 02:15:00 From June 3, Military Commercial Joint Stock Bank (MB) officially adjusted dong deposit rates whereby the new interest rate was raised by 0.7% to 1% per year for all terms. In particular, the maximum deposit rate of 15.2% per year is applied on terms of 12 months and 24 months, from 3, 6 and 9 months 15.1% per year... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Interest Rates , Year , Rate
PTSC to provide services to fertiliser maker
2008-06-06 02:08:00 The PetroVietnam Technical Services Co (PTSC) reached an agreement with PetroVietnam Fertiliser and Chemicals Co (PVFCCo) to provide services for PVFCCo at the Phu My petroleum complex port. Under the agreement, PTSC will build a wharf, a 2,400sq.m warehouse, and provide other loading services. So far this year,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Maker
GP Bank to set up securities brokerage company
2008-06-05 19:44:00 The Global Petroleum Commercial Joint Stock Bank (GP Bank) will establish a securities brokerage company under a decision by the State Bank of Viet Nam (SBV) Governor. The decision, signed on June 4, indicates that the Global Petroleum Securities Brokerage Company has a chartered capital of 35 billion VND and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
HCM City Stock Exchange encourages safeguards
More articles from this author:2008-06-05 14:54:00 The Ho Chi Minh City Stock Exchange has urged listed firms to set up provisional funds to insure financial investments. Companies will open provisional funds using part of their profits. "The fund will help listed firms compensate for possible losses from financial investment," deputy director of HOSE Le Nhi Nang... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Stock Exchange 1, 2, 3, 4, 5, 6, 7 |
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