Archive for February 4th, 2005

US Federal Reserve hikes key rate by 25bps

04-Feb-2005 Intellasia | 3/Feb/2005 Thoi Bao Kinh Te Vietnam | 2:24 PM

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 [...]
» More

Vietcombank denies ATM outage

04-Feb-2005 Intellasia | 02/Feb/2005 Thoi Bao Kinh Te Vietnam | 2:23 PM

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 [...]
» More

Vietcombank expands non-banking operations

04-Feb-2005 Intellasia | 03/Feb/2005 Thoi Bao Kinh Te Vietnam page 7 | 2:23 PM

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 [...]
» More

Banks cash up for heavy Tet demand

04-Feb-2005 Intellasia | 03/Feb/2005 Kinh Te Vietnam & The Gioi page 6 | 2:22 PM

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 [...]
» More

Bidv awards lottery-based prizes

04-Feb-2005 Intellasia | 03/Feb/2005 Thoi Bao Kinh Te Vietnam page 2 | 2:21 PM

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 [...]
» More

SBV interbank rate for February 3

04-Feb-2005 Intellasia | 03/Feb/2005 State Bank of Vietnam | 2:21 PM

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 [...]
» More

Tourism chiefs plan marketing strategy

04-Feb-2005 Intellasia | 03/Feb/2005 Vietnam New page 5 | 2:20 PM

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 [...]
» More

Steel output increases 11% in January

04-Feb-2005 Intellasia | 03/Feb/2005 Vietnam New page 14 | 2:18 PM

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 [...]
» More

Hai Phong records industry out boost

04-Feb-2005 Intellasia | 02/Feb/2005 Dau Tu page 3 | 2:18 PM

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 [...]
» More

Litigation threat against foreign supplier in bidding dispute

04-Feb-2005 Intellasia | 31/Jan/2005 Dau Tu pag 15 | 2:17 PM

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 [...]
» More

Geruco expands Lao arm

04-Feb-2005 Intellasia | 02/Feb/2005 Nong Thon Ngay Nay page 2 | 2:13 PM

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 [...]
» More

Vinalines expands ship fleet

04-Feb-2005 Intellasia | 1/Jan/2005 Thoi Bao Kinh Te Vietnam | 2:12 PM

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 [...]
» More

Clean coal output up 53%

04-Feb-2005 Intellasia | 02/Feb/2005 Kinh Te Vietnam & The Gioi page 2 | 2:12 PM

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. [...]
» More

Binh Dien Fertiliser Co targets 1.15tr dong revenue

04-Feb-2005 Intellasia | 01/Feb/2005 Nguoi Lao Dong | 2:11 PM

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 [...]
» More

Dau Tieng Rubber to build IP

04-Feb-2005 Intellasia | 03/Feb/2005 Saigon Times Daily page 2 | 2:10 PM

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 [...]
» More