Archive for March 25th, 2005

US dollar deposit interest rate cap increased

25-Mar-2005 Intellasia | 23/Mar/2005 Thoi Bao Kinh Te Vietnam page 1 | 2:07 PM

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 [...]
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Banks mull hiking dollar rates after US move

25-Mar-2005 Intellasia | 24/Mar/2005 Saigon Times Daily page 2 | 2:07 PM

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 [...]
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Forex rat stable despite US treasury hike

25-Mar-2005 Intellasia | 24/Mar/2005 State Bank of Vietnam | 2:06 PM

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 [...]
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Lao-Viet bank marks 5 years of operation

25-Mar-2005 Intellasia | 24/Mar/2005 Hanoi Moi page 1 | 2:06 PM

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 [...]
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ACE Life to open HCM City office

25-Mar-2005 Intellasia | 24/Mar/2005 Vietnam News page 14 | 2:05 PM

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 [...]
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Opening for more foreign investors share buys

25-Mar-2005 Intellasia | 22/Mar/2005 Vneconomy | 2:05 PM

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 [...]
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FDI estimated at US$1.5b

25-Mar-2005 Intellasia | 24/Mar/2005 Tuoi Tre page 11 | 2:03 PM

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 [...]
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Seafood exports rise 15.27%

25-Mar-2005 Intellasia | 24/Mar/2005 Hanoi Moi | 2:03 PM

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 [...]
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Thai retailer plans Vietnam expansion

25-Mar-2005 Intellasia | 24/Mar/2005 Bangkok Post | 2:02 PM

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 [...]
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Thai woos Vietnam Airlines with alliance

25-Mar-2005 Intellasia | 23/Mar/2005 | 2:02 PM

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 [...]
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Private cement firm expands business

25-Mar-2005 Intellasia | 23/Mar/2005 Kinh Te Vietnam & The Gioi page 9 | 2:01 PM

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 [...]
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Sonadezi Long Thanh Co reports pre-tax profit of 3.6b dong

25-Mar-2005 Intellasia | 23/Mar/2005 Kinh Te Vietnam & The Gioi page 8 | 2:01 PM

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 [...]
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Stationary firm licensed at Hai Phong ’96 EPZ

25-Mar-2005 Intellasia | 23/Mar/2005 Dau Tu page 3 | 2:00 PM

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 [...]
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More rice exports to Philippines due to inclement weather

25-Mar-2005 Intellasia | 23/Mar/2005 | 1:59 PM

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 [...]
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Rice exports surge despite drought

25-Mar-2005 Intellasia | 24/Mar/2005 Saigon Times Daily page 3 | 1:59 PM

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 [...]
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