Archive for February 4th, 2005
US Federal Reserve hikes key rate by 25bps
The board of the US Federal Reserve last night increased the key interest rate by another quarter percentage points to 2.5% with the stated aim of curbing inflation and [...]
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Vietcombank denies ATM outage
Vietcombank has denied a rumour that its automated teller machine system broke down recently. Vietcombank said it is only making technical adjustments to its ATM system so [...]
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Vietcombank expands non-banking operations
Vietcombank said it is building a financial corporation model including a commercial bank as a central unit, expansion of non-banking financial services via the existing [...]
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Banks cash up for heavy Tet demand
The total deposit balance of HCM City based commercial banks by early February reached 152.7 trillion dong, a year-on-year increase of 30.4% of which dong deposits were 103 [...]
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Bidv awards lottery-based prizes
Bank for Investment and Development of Vietnam (Bidv) on February 3 awarded prizes for winners of the lottery based deposit programme of the first phase of last year. There [...]
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SBV interbank rate for February 3
The State Bank of Vietnam announced the average forex rate between US dollar and dong in the interbank market for February 3. One US dollar is 15,756.00 [...]
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Tourism chiefs plan marketing strategy
Despite new bird flu outbreaks and the disastrous December 26 tsunami, Southeast Asia’s tourism industry as a whole has emerged intact. Vietnam, battling with bird flu [...]
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Steel output increases 11% in January
The Vietnam Steel Association estimated that its steel output reached 247,000 tonnes in January, 11% higher than the same period last year. The association predicted that [...]
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Hai Phong records industry out boost
The northern province of Hai Phong has witnessed a year-on-year increase of 30.5% in industrial production value in January 2005 with the foreign-invested sector posting [...]
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Litigation threat against foreign supplier in bidding dispute
There is a danger that the ablest bidder won’t be chosen for construction of the items namely running line, athletes’ court of a stadium in the Vinh city of Nghe An [...]
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Geruco expands Lao arm
Vietnam Rubber Corp (Geruco) this year will newly plant 2,000 hectares of rubber out of total 10,000 hectares of rubber under the project on developing rubber material areas [...]
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Vinalines expands ship fleet
The state-run Vietnam Shipping Corp or Vinalines said is to add another 13 ships to its fleet this year at a cost of 3.12 trillion dong which is part of its fleet expansion [...]
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Clean coal output up 53%
Coal mining output in January reached 2.39 million tonnes or a year-on-year increase of 53% due to favourable weather conditions, said a source of the Ministry of Industry. [...]
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Binh Dien Fertiliser Co targets 1.15tr dong revenue
HCM City-based Binh Dien Fertiliser Co plans to produce 400,000 tonnes of fertiliser in 2005 earning revenue of 1.3 trillion dong up 15% yoy, said the company’s director Le [...]
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Dau Tieng Rubber to build IP
Binh Duong Province-based Dau Tieng Rubber Co plans to commence work on an industrial park for the rubber industry in the same province this March. Director Le Van Khoa said [...]
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