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Gemadept delays issuing shares on market drop
2008-06-10 19:33:00 The HCM City Stock Exchange listed firm, Gemadept Corp, code share GMD, decided to postpone issuing 24.5 million shares due to the considerable drop in the domestic stock market. GMD intended to issue the shares in late 2007 or in the first quarter of 2008. GMD closed at VND43,300 per share yesterday. [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Market , Shares , Delays , Drop
PV Trans to buy more tankers
2008-06-10 19:22:00 ANZ Bank Viet Nam has made a 5.5 year interest-rate swap with listed firm on HCM City Stock Exchange, Petro Viet Nam Trans portation Corporation (PV Trans - coded PVT). PV Trans was established in 2002, and was previously wholly state-owned under the management of PetroVietnam. The company was privatised and listed on... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
11 banks mobilize VND with 16 per cent annual interest rate
2008-06-10 13:58:00 Together with AB Bank, SCB, SHB, Gia Dinh, Kien Long, Nam Viet and HD Bank, since June 9 an additional four banks have raised their VND interest rate to above 16% a year. Of these, Nam A Bank hit the highest interest rate of 16.56% a year with a three-month term, applied for customers depositing more than 5 billion... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Banks , Interest Rates , Cent , Interest , Rate
Viet Nam to Face `Turbulence' Until Inflation Slows, Fund Says
2008-06-10 13:40:00 Recent market ``turbulence'' in Viet Nam that has included rising bond yields, tumbling stocks, and a fluctuating currency is unlikely to ease until inflation slows, according to an investment fund focused on the country. Viet Nam's five-year local-currency bonds have faced ``continued selling pressure'' while the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Economy , Inflation , Face , Fund
Bonds Rise; Central Bank Raises Rates to Slow Inflation
2008-06-10 13:37:00 Bonds rose for a second day on speculation inflation will slow as the central bank increased interest rates to 14% today. Yields are near the highest since at least July 2006 after the Southeast Asian country posted inflation at the fastest in 16 years. The Vietnamese central bank today announced to increase the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Economy , Inflation , Bonds , Bank , Central
Stocks: Hoa Phat, SGH, Vincom, PetroVietnam, Doan Xa
2008-06-10 13:33:00 Vietnam's benchmark stock index fell, extending its record losing streak to 24 days, dropping to the lowest since Feb. 23, 2006. The VN Index, a measure of 151 companies on the Ho Chi Minh City Stock Exchange, fell 6.12, or 1.6%, to 373. Among companies on the index, 120 dropped, 21 advanced and 10 were... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Stocks , Phat
Viet Nam Raises Key Rate to 14% to Rein in Inflation
2008-06-10 13:03:00 Viet Nam increased the benchmark interest rate for a third time this year to rein in the fastest inflation since at least 1992 and shore up confidence in the currency and stock markets. The State Bank of Viet Nam raised the base rate to 14% from 12% to stabilize the economy, according to a statement on the central... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Economy , Inflation , Interest Rates , Rate , Viet
Hanoi bourse welcomes one more trading member
2008-06-10 12:49:00 ARTEX Securities Corporation (ART) has been officially recognised as a trading member of the Hanoi Securities Trading Centre (HaSTC) under a decision signed late last week by the director of the centre. This has brought the total number of trading members at the northern bourse to 80. ART has a charter capital of VND... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Habeco starts operating as a joinst stock company
2008-06-10 12:46:00 The Hanoi Brewery-Alcohol and Soft Drinks Corporation, Habeco, officially became a joint stock corporation after it organised its first shareholders' meeting in Hanoi on June 9. The company has a chartered capital of VND 2,318 billion. Of this, the State holds 81.79% stake. The Carlsbergs Group, the corporation's... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Company , Stock , Operating
Ocean Bank increases savings interest rates
2008-06-10 12:45:00 The Ocean Commercial Joint Stock Bank , OceanBank, has just announced new interest rates for savings deposits in both Viet Nam dong and US dollar which are effective from today June 10, becoming one of the two domestic banks with the highest savings interest rates so far. Accordingly, with deposits in Viet Nam dong of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Interest Rates , Interest , Rates
June 10, Stock market witnesses deeper plunge
2008-06-10 12:24:00 Ending the session on June 10, the VN-Index of Ho Chi Minh City Stock Exchange (HOSE) stood at 373 points after falling by 6.12 pts or 1.61% with the total matching order trade of over 1,199,200 shares worth 30 billion dong. Among 151 shares and fund certificates being listed on the southern bourse, the stock market... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Stock Market , Market , Witnesses
Firms buy back shares for wrong reasons
2008-06-10 12:21:00 The country is undergoing an unfortunate trend where listed enterprises have started buying back shares for the wrong reasons and without enough money. After seeing the benefit of buybacks in helping to stabilise stock prices when the market falls, listed firms are using different sources of capital to undergo the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Back , Reasons , Wrong , Shares , Firms
Nam Viet Co to buy 40,000 extra tonnes of tra catfish
2008-06-10 08:07:00 The HCM City Stock Exchange listed firm, Nam Viet Seafood Export Joint Stock Co (Navico - coded ANV) on June 9 signed new contracts to buy tra catfish from hundreds of farmers. To increase the amount of tra catfish that they buy from existing stocks in the Mekong Delta region, the company has raised the processing... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Catfish , Extra
JPMorgan's Fernandez Says Foreigners Buying Vietnamese Stocks
2008-06-10 07:56:00 David Fernandez , head of emerging markets research at JPMorgan Chase & Co. in Singapore, comments on Vietnamese stocks. Fernandez spoke in a Bloomberg Television interview today. The VN Index, a measure of 151 companies on the Ho Chi Minh City Stock Exchange, fell 1.61% to 373 today, the lowest since Feb. 23, 2006.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Buying , Stocks , Foreigners
Who will be strategic shareholders of MobiFone?
2008-06-10 06:31:00 Unstopped slump of the stock market did not affect to the desire of the world's leading telecommunication groups to become strategic shareholders of Viet Nam's MobiFone-the first mobile telecom service provider making equitisation. A source from MobiFone said that without an exact equitisation schedule, but there... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Shareholders , Strategic , Initial Public Offering
Hapaco's Jan-May profit reaches 39.371b dong
2008-06-10 06:08:00 Hai Phong Paper Joint Stock Co (Hapaco - coded HAP) recently reported that in May it reached the revenue of 39.371 billion dong and 1.681 billion dong in profit, bringing the total figures during the first five months of the year to 159.693 billion dong and 33.44 billion dong respectively. The company's EPS was 2,310... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Profit , Dong
PG Bank launches saving product with flexible principal withdrawal
2008-06-10 06:05:00 Petrolimex Gasoline Commercial Joint Stock Bank (PG Bank) recently launched the saving product with flexible principal withdrawal for short-term deposits of individual customers. Particularly, deposits worth less than 100 million dong will get the yearly interest rate of 10%, 100-500 million dong at 10.5%, 500... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Product , Principal , Saving , Flexible
Moody's praises Techcombank
2008-06-10 06:01:00 The global well-known credit rating agency Moody's on June 4 released the latest report in which Techcombank still was highly appreciated in terms of domestic financial strength, especially the ability to maintain a good transparency in the difficult context at present. This was shown clearly by the bank's ratio of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Tougher rule on foreign currency speculation
2008-06-10 06:00:00 On June 5, the State Bank of Viet Nam announced the forex rate of 16,117 dong/US dollar but the black market (that is a market consisting of all commerce on which applicable taxes and/or regulations of trade are being avoided) recorded the forex rate being pushed to 18,400 dong per US dollar, higher 14% than SBV's... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Economy , Currency , Foreign , Rule
DongA Bank signs cooperation deal with Binh Phuoc Post Office
2008-06-10 05:57:00 Eastern Asia Commercial Joint Stock Bank (DongA Bank or EAB)'s Binh Phuoc transaction office recently signed the contract of automatic telecom cost payment with Vietnam Post and Telecommunication Group (VNPT) through EAB multi-functional card connected with Binh Phuoc Provincial Post Office . Through the contract,... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Cooperation , Signs , Deal
EuroCapital securities broker joins HOSE
2008-06-10 05:55:00 Ho Chi Minh Stock Exchange (HOSE) on June 5 recognised the trading membership status of EuroCapital Securities Joint Stock Co on the southern bourse. Earlier, EuroCapital became Hanoi Securities Trading Centre (HaSTC)'s member from May 15. EuroCapital addressed at Floor 2, Thanh Cong Tower at 25 Lang Ha, Hanoi's Ba... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Hose , Broker
Saigon Bank subject to BOE issuing time extension
2008-06-09 19:16:00 The State Bank ?s Governor has issued Decision 1279/QD-NHNN which will allow the Saigon Joint Stock Commercial Bank (SCB) to extend the issuance of par value termed bonds worth VND 3 trillion until July 4th, 2008. Interest rates in Vietnamese Dong were fixed in the Decision 16/2008/QD-NHNN issued on May 16th, 2008 by... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Time , Bonds , Extension
Vietnam's Bonds Gain on Optimism Over Reserves; Dong Weakens
2008-06-09 15:20:00 Government bonds rose after Prime Minister Nguyen Tan Dung said the nation's foreign- exchange reserves are sufficient to help it intervene to maintain the currency's value. The dong declined. Benchmark five-year notes rallied after Dung said the country had a currency surplus of $1 billion in the first five months... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Bonds , Optimism , Dong , Reserves
VIB Bank rolls out new MasterCard
2008-06-09 15:08:00 The Viet Nam International Commercial Joint Stock Bank (VIB Bank) has begun issuing a new type of MasterCard that uses the latest chip technology and has a credit limit of up to 150 million VND. Using modern chip technology, the VIB Chip MasterCard is made to help keep information secure, limit the production of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Mastercard
Securities market lures more foreign investor
2008-06-09 15:01:00 The Securities Depository Centre has reported that 1,239 foreign investors were granted trade codes in the second quarter of this year. They include 112 organisations and 1,127 individual investors. As of June 2, there were 712 organisations and 10,347 individual investors issued with trading codes at the centre. In... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Market , Investor , Foreign
KBC and SAP to issue additional shares
2008-06-09 14:59:00 The Ha Noi Securities Trading Centre has allowed Kinh Bac Urban Development (KBC) to list an additional 2.7 million shares from June 9, 2008. The shares will have a face value of VND10,000, and the total issuance will be worth VND27.2 billion. On the same day, HASTC allowed the Textbook Printing Company in HCM City... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Shares , Issue
SCIC wants consultancy service
2008-06-09 14:58:00 Phần State Capital Investment Corporation (SCIC) has requested bids from private securities firms to help it with equitising State capital. Securities companies are required to send their full proposals to SCIC before June 20, outlining their profiles, business networks and consultancy fees. Companies are also asked... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Service , Consultancy
Tan Hoa Plastics to list on HOSE bourse
2008-06-09 14:57:00 Tan Hoa Plastics Joint Stock Co, (share code VKP), will officially list on the HCM City Stock Exchange (HOSE) on June 19. Tan Hoa Plastics company is based at 101 Tan Hoa, in HCM City’s District 6. Around 8 million shares will be listed on the bourse with a face value of VND10,000 per share. The reference price on... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: List , Hose
Viet Nam May Intervene to Maintain the Value of Dong
2008-06-09 13:13:00 Viet Nam's foreign exchange reserves are sufficient for the government to step in to help maintain the value of the dong, said Prime Minister Nguyen Tan Dung, damping concern the currency will collapse. ``With the foreign-currency surplus, the government will be able to intervene to maintain the dong's value and... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Viet , Dong
Stocks Analysis: Tan Tao, NSC, Bien Hoa, RIC
More articles from this author:2008-06-09 13:03:00 Viet Nam's benchmark stock index fell, extending its record losing streak to 23 days, dropping 1.33% to the lowest level since Feb. 24, 2006. The VN Index, a measure of 151 companies on the Ho Chi Minh City Stock Exchange, fell 5.12, or 1.33%, to 379.12. Among companies on the index, 132 dropped, 12 advanced and 7... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] More About: Stocks , Analysis 1, 2, 3, 4, 5, 6, 7 |
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