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! ]]
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! ]]
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! ]]
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! ]]
Viet Nam earns its stripes as an Asian tiger
2008-06-09 09:27:00 The first thing you notice when you arrive in Viet Nam is the thousands of scooters on the roads, buzzing around the odd car. As you enter the centre of what many people still call Saigon, there is another surprise. Surrounded by people cleaning the streets with straw brooms gleams a shiny store - Louis Vuitton. It... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
IMF suggests steps to fix Viet Nam's 'overheating' economy
2008-06-09 09:09:00 The IMF said Friday Viet Nam should tighten monetary and fiscal policy to fix its "overheating" economy, which has been battered by double-digit inflation and a widening trade deficit. The communist government should raise interest rates, cut the budget deficit, improve oversight of the banking sector and push market... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam Stocks May Extend World's Biggest 2008 Plunge
2008-06-08 07:32:00 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 Vietnam'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! ]]
Viet Nam not devalue dong, says PM
2008-06-07 14:17:00 Viet Nam has no plans to devalue the dong within the current context of current account and the current general economic situation, affirmed Prime Minister Nguyen Tan Dung. The Prime Minister made the statement at a meeting with JP Morgan chief economist David Fernandez on June 5 to discuss issues of great concerns... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Las Vegas si Sposta in Viet Nam:Ho Tram Strip
2008-06-07 09:00:00 Las Vegas si sposta in Viet Nam grazie alla costruzione del Ho Tram Strip, un centro cittadino completo di resort di lusso da ben 4,2 miliardi di dollari. Sar la pi grande opera di costruzione dell’ intero Viet Nam e verr costruita sulle spiagge di Ba Ria, localit famosa per le sue spiagge bianche, nella ...
Land in Dist 2 for saling - Ho Chi Minh, Viet Nam
2008-06-06 13:12:00 Land in Dist 2 for saling Price: 58.320.000.000 VNĐ Discription : General Imformation: - Location: No.30, No.12 St, Binh An Ward, Dist
Viet Nam Real Estate
2008-06-06 13:11:00 You will have our considerable serving, you will have free Vietnamese real estate information and your news will be put for free through our website.
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 Vietnam?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! ]]
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! ]]
Lien Viet Bank opens branch in Hanoi
2008-06-05 12:37:00 Lien Viet Commercial Joint Stock Bank (LienViet Bank) on June 4 launched its first branch in Hanoi, and announced its "Breeding ground for LienVietBank talents" programme. At the inauguration, the bank signed comprehensive co-operation agreements with two new partners, the Hanoi Trade Corporation (Hapro) and Agribank... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Malaysia's RHB Bank upbeat on long-term prospects in Viet Nam
2008-06-04 13:01:00 RHB banking group is upbeat on Viet Nam?s long-term prospects despite the economic woes in that country. ?As with all countries with a vibrant economy, Vietnam will go through a cyclical economic challenge. Our investment in retail brokerage is a long-term vision for RHB banking group. ?We believe Viet Nam is a good... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Moody's Cuts Viet Nam Rating Outlook To Negative
2008-06-04 12:39:00 Wednesday, Moody's Investors Service said it has cut the outlook on Viet Nam's key ratings to negative from positive due to policy shortcomings in addressing inflationary and balance-of-payments pressures. The outlooks were lowered for the Ba3 long-term government foreign- and local-currency ratings and the B1... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam Dong Gains for First Day in 10, to 16,234 Per Dollar
2008-06-04 07:46:00 Viet Nam's dong advanced for the first time in 10 days. The Viet Nam currency rose 0.13% to 16,234 per dollar, as of 11:30 a.m. in Hanoi, according to data compiled by Bloomberg. The State Bank of Viet Nam set a reference rate of 16,107 a dollar, compared with 16,099 yesterday, according to its Web site. The currency... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Prudential Viet Nam Finance to Increase Capital
2008-06-04 06:52:00 Prudential Viet Nam Finance Co. will raise its registered capital to $23.1 million from $7.5 million to expand consumer finance services in Viet Nam, citing a company statement. The investment will come from the company's U.K.-based parent company, Prudential Plc. Prudential Finance plans to offer credit cards, car... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Foreign capital expert optimistic about Viet Nam market
2008-06-03 15:29:00 An international expert predicted a capital market acceleration in late 2008 or early 2009 during the Mid-term Viet Nam Business Forum in Hanoi on June 2. Dominic Scriven from the Capital Markets Working Group told Viet Nam News Agency that his optimistic forecast is based on the fact that the Vietnamese capital... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
HSBC: Stock prices in Viet Nam now attractive
2008-06-03 13:02:00 The Hong Kong and Shanghai Banking Corporation (HSBC) has released its latest monthly report about Vietnam?s economy, which advises investors not to sell at this moment, and those who are going to join the market, to wait for some more time to buy stocks at lower prices. In the previous report, HSBC?s experts said... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Investors say Viet Nam still attractive
2008-06-03 08:27:00 Investors and businesses have expressed concern at the macro-economic situation but say the country still remains an attractive destination for foreign investment. Speaking at the Viet Nam Business Forum (VBF) in Hanoi Monday, Michael Pease, chairman of the American Chamber of Commerce in Viet Nam, said, ?It is safe... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam Keeps Benchmark Lending Rate at 12%, Central Bank Says
2008-06-03 04:41:00 Viet Nam will keep its benchmark interest rate at 12% this month after raising it in May, the Southeast Asian nation's central bank said. The discount rate will also remain at 11%, while the refinance rate will stay at 13%, the State Bank of Viet Nam said in a statement posted on its Web site late yesterday. ``Two... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
TAYA Viet Nam targets 1.476tr dong revenue in 2008
2008-06-03 04:28:00 Listed firm on HOSE, Taya Electrical Wire and Cable Joint Stock Co (TAYA Viet Nam - coded TYA) targets to reach 1.476 trillion dong in revenue, 51.576 billion dong in after-tax profit and a dividend of 15% in 2008. With the chartered capital of 265.73 billion dong, last year the firm posted total unallocated profit... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Japanese Investors Upbeat about Viet Nam's Stock Market
2008-06-02 21:12:00 Japanese securities investors still pin high hope on the potential of Viet Nam?s stock market, saying it is changing and becoming more professional, and now is a good time to buy in shares before the VN-index bounces back, the New Hanoi newspaper reported. The local market is supported by many factors for further... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Doubts and hopes about Viet Nam?s economy both prevailing
2008-06-02 13:15:00 While some foreign reports are negative about Viet Nam?s economy, other reports say that there are many reasons to be optimistic. A series of reports were released by international financial institutions in May which reflected worries about the securities market, monetary policies, inflation and growth rate in Viet... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
How many banks are enough for Viet Nam?
2008-06-02 13:13:00 How many operational banks are there in Viet Nam and how many banks are enough for Viet Nam? The State Bank of Viet Nam has kicked off research on the issue. Statistics show that the number of operational banks in Viet Nam is small compared to developed countries. However, experts say that there are too many for an... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam keeps 12 pct base rate unchanged
2008-06-02 08:35:00 Viet Nam's central bank said on Monday it was keeping unchanged the base rate used for banks to calculate their own rates on dong deposits and lending at 12%. The central bank imposed the base rate on May 19 and said banks can fix their own rates for deposits and lending at up to 150% of the base rate. The rate would... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam Stocks, Led by Dairy Products, Fall to Two-Year Low
2008-06-02 07:03:00 Vietnamese stocks fell for an 18th day, the longest losing streak in 4 1/2 years, because of concern that accelerating inflation and a widening trade deficit will erode company profits. The benchmark VN Index dropped 6.16, or 1.5%, to 407.94 at 10:45 a.m. in Hanoi, the lowest since Aug. 2, 2006. Vietnam Dairy... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Merrill Lynch analyses inflation in Viet Nam
2008-06-02 03:50:00 The US-based Investment Merrill Lynch Bank has released an Asian economic report where Vietnam was chosen as the key focus to analyse the region's escalating inflation. In the report titled "Viet Nam: Anatomy of an inflation shock", Merrill Lynch's experts said that Viet Nam's inflation fight presented many important... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam may be first domino among Asian economies
2008-06-01 07:46:00 Fitch?s lowering of its outlook on Vietnam?s sovereign rating Thursday could be a sign of more weakness to come for many of Asia?s economies and currencies, as record oil prices complicate efforts to control inflation. Fitch Ratings lowered the outlook on Vietnam?s BB-minus rating to negative from stable, saying that... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam Stocks Turn Into World's Worst on Inflation
2008-05-30 08:40:00 The worst may not be over for Viet Nam's stock market, the world's biggest decliner, as shares resumed declines after the exchange returned to business following a computer breakdown that halted trading for three days. The benchmark VN Index fell 1.5% to 414.10, extending this year's 55% retreat, after a government... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam to Focus on Inflation, Not Dong, Dragon Says
2008-05-30 08:00:00 Viet Nam's central bank will shift its monetary policy focus to curbing inflation from managing the dong, said Dragon Capital, the nation's biggest fund manager with $2 billion of assets. The currency has slipped to the lowest in nine months as Fitch Ratings cut Viet Nam's debt-rating outlook this week and Morgan... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Japanese investors optimistic about Viet Nam?s securities
2008-05-29 12:33:00 Japanese stock investors remain optimistic about Viet Nam?s stock market, saying it is constantly becoming more professional and now is a good time to transact despite a decline in the VN-index. The Vietnamese stock market has undergone many changes and continues to gather skilled labour and consumption capacity... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam Approves Maybank's Purchase of Holding in An Binh Bank
2008-05-29 12:13:00 Viet Nam's central bank has approved the purchase by Malayan Banking Bhd., Malaysia's biggest bank by assets, of a 15% stake in An Binh Bank Commercial Joint Stock Co. Maybank may increase its holding to 20% in 2009, pending Vietnamese government approval, according to an e-mailed statement today from An Binh Bank.... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Fitch Ratings lowers Viet Nam outlook to negative
2008-05-29 07:21:00 Fitch Ratings lowered the outlook on Viet Nam's BB-minus sovereign rating to negative from stable on Thursday, citing rising inflation, which it described as a serious problem for the southeast Asian country. Fitch affirmed a BB-minus foreign currency rating and the BB local currency rating. "The policy response has... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Bien Viet Securities broker introduces two new indexes
2008-05-29 02:19:00 Bien Viet Securities Joint Stock Co (CBV) recently released two new indexes namely combined index for bonds and shares (CBV Vietnam Equity/Fixed Income Composite Index) and strategic index. Earlier, the company launched a series of other indexes like CBV-Total, CBV-LargeCap, CBV MidCap and CBV-SmallCap that have been... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam dong falls to 3-mth lows, tumbles offshore
2008-05-28 13:56:00 Viet Nam's dong fell to its lowest in more than three months on Wednesday, while the offshore forwards market priced in a 30% depreciation in the currency on worries over inflation and a widening trade deficit. The dong's spot rate stood at 16,216 to 16,221 per dollar by 0413 GMT, after the central bank, set the... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Standard Chartered Not Informed of Viet Nam Dong Band Widening
2008-05-28 13:25:00 The State Bank of Viet Nam has not made any official announcement on a wider dong trading band starting today, according to Standard Chartered Plc, which this year won a licence to open bank branches across the nation. The Wall Street Journal reported today that the central bank has widened the currency's daily... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam Faces `Currency Crisis,' Morgan Stanley Says
2008-05-28 13:10:00 Viet Nam is heading for a ``currency crisis,'' similar to that of Thailand's baht in 1997, because the central bank has kept the dong too strong as inflation soars and the trade deficit widens, said Morgan Stanley. Twelve-month non-deliverable forwards show traders are betting the currency will drop 39 percent... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Tan Viet Securities to manage SCB shares
2008-05-28 10:15:00 Saigon Commercial Joint Stock Bank (SCB) said it has authorised Tan Viet Securities Inc (TVSI) to become a depository, manager and broker of the bank?s share. The company will also exercise the bank?s shareholders? rights related to its shares. Shareholders will begin depositing shares at TVSI from June 2. The bank... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam to Ensure Dong Rate as Dollar Demand Gains
2008-05-27 14:06:00 Viet Nam's central bank said it has the ability to ensure an orderly exchange rate after a jump in demand for dollars widened the gap between the official value of the currency and the so-called free-market rate. ``The demand for U.S. dollars is accelerating,'' Nguyen Quang Huy, director of the banking-management... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Leading state bank - Vietcombank turned into joint-stock
2008-05-26 17:25:00 The Viet Nam Foreign Trade Bank, Vietcombank, has received a licence to become a joint-stock bank from its previous state-owned commercial status. Under the licence recently signed by the State Bank of Vietnam (SBV) Governor, Vietcombank has a charter capital of more than 12.1 trillion VND and an operation term of 99... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam Bonds, Currency Decline as Investor Confidence Wanes
2008-05-26 13:17:00 Viet Nam's five-year government bonds dropped for a fourth day as a slump in the nation's stock market eroded investors' confidence. ``The bond market now is like the stock market,'' said Le Duc Tho, head of the investment department at Industrial & Commercial Bank of Vietnam. ``There are almost no... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam Investment Limited fined for violations of Securities Law
2008-05-26 13:10:00 The chief inspector of the State Securities Commission (SSC) today signed a decision on administrative penalty on Viet Nam Investment Limited for violations of the Securities Law. According to the Hanoi Securities Trading Centre (HASTC), from January to March 2008, Viet Nam Investment Limited, a major shareholder of... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam to Re-check Foreign Indirect Investment
2008-05-23 18:16:00 The Ministry of Finance has proposed the State Bank of Viet Nam (SBV) coordinate with the ministry in re-checking total foreign indirect investment capital to help complete the draft regulation on foreigners? transactions in Viet Nam?s stock market. In an effort to foster the plunging stock market, the Finance... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Viet Nam Banks More Cautious, HSBC Country Head Says
2008-05-23 08:00:00 Vietnamese banks are becoming more cautious in lending to industries such as real estate as rising interest rates increase the risk of defaults, said the head of HSBC Holdings Plc's operations in the country. ``With interest rates going up, liquidity being tight, it's only prudent to constrain lending to those with... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Foreign banks buying up foothold in Viet Nam
2008-05-23 04:27:00 Foreign banks are gaining a strong foothold in the Vietnamese market by buying up domestic bank shares at a time when prices are at an all-time low. Many foreign banks with contracts to purchase local bank shares are using the opportunity to increase their stakes to 15%, a level capped by the government. The OCBC... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
Korea Times: Viet Nam Fund Investors Sustain Big Loss
2008-05-21 13:45:00 Investors in Viet Nam equity funds are having sleepless nights as the Vietnamese bourse has dropped around 60% from its peak last year. Analysts advise investors to keep in mind that investment in emerging markets such as Viet Nam entails risk. Funds investing in the Vietnamese bourse have been popular here from... [[ This is a content summary only. Visit my website for full links, other content, and more! ]]
E-Viet Securities broker licensed
2008-05-21 02:44:00 The State Securities Commission (SSC) on May 16 granted establishment and business license for E-Viet Securities Joint Stock Co (EVS) with a chartered capital of 42 billion dong and legal capital of 35 billion dong. The company with the headquarters on the seventh floor in Minexport building at 28 Ba Trieu S trillion... [[ This is a content summary only. Visit my website for full links, other content, and more! ]] |
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