Archive for March 25th, 2005
US dollar deposit interest rate cap increased
The US dollar interest rate cap that credit organisations pay on deposits will increase by 0.2-0.3% compared to current levels to 0.3% for demand deposits, 0.7% for less than [...]
» More
Banks mull hiking dollar rates after US move
Local banks are weighing to raise interest rates for US dollar deposits after the Federal Reserve on March 22 lifted the benchmark federal funds rate by another quarter point [...]
» More
Forex rat stable despite US treasury hike
As anticipated, the US Federal Reserve on March 22 continued raising the US dollar basic interest rate for the seventh consecutive time by 0.25% to 2.75%. Following such move [...]
» More
Lao-Viet bank marks 5 years of operation
Lao-Viet Joint Venture Bank-Hanoi branch on March 23 celebrated its fifth anniversary and was awarded the Third Grade Labour Medal by the Laos government. After five years of [...]
» More
ACE Life to open HCM City office
ACE Life, the international life insurance division of ACE INA, announced on March 23 that it has received formal permission from the Ministry of Finance (MoF) to open an [...]
» More
Opening for more foreign investors share buys
Under Instruction 04/CT-TTg dated March 17, 2005 on speeding up the equitisation of state owned enterprises (SOE) by the prime minister, foreign investors will be allowed to [...]
» More
FDI estimated at US$1.5b
Since the start of this year, foreign investment capital has reached more than US$1.562 billion, doubling that of the same period last year of which total new approved [...]
» More
Seafood exports rise 15.27%
Seafood exports in the January-March period reached some US$445 million, a year on year increase of 15.27%, according to the agricultural economic department under the [...]
» More
Thai retailer plans Vietnam expansion
Central Retail Corp (CRC), Thailand’s largest retailer, is putting into fast forward plans to launch its flagship Central Department Store brand in a number of Asean [...]
» More
Thai woos Vietnam Airlines with alliance
Thai Airways has approached Vietnam Airlines to form an alliance covering code-share flights and the use of TG’s maintenance services. Vietnam Airlines’ head, Nguyen Xuan [...]
» More
Private cement firm expands business
Dong Truong Son Co of the central province of Quang Tri has spent 33 billion dong on upgrading Dong Truong Son hotel into three-star hotel, which is expected to come on line [...]
» More
Sonadezi Long Thanh Co reports pre-tax profit of 3.6b dong
After over one-year of operation, Long Thanh Industrial Park Development Holding Co, (Sonadezi Long Thanh), which is the first developer of industrial park in the southern [...]
» More
Stationary firm licensed at Hai Phong ’96 EPZ
Management Board of export processing zones and industrial parks in the northern province of Hai Phong has licensed QILI Vietnam Stationery Limited Liability Co to invest in [...]
» More
More rice exports to Philippines due to inclement weather
Citing the spate of typhoons that hit several parts of Luzon last year, the National Food Authority (NFA) has reported a decline in rice production pointing a shortage of the [...]
» More
Rice exports surge despite drought
The Vietnam Southern Food Corp, or Vinafood 2, is expected to have shipped 620,000 tonnes of rice by the end of this month so far this year, accounting for 70% of [...]
» More
