Archive for April, 2006

VN Index dips 4.4% as supply matches demand

29-Apr-2006 Intellasia | 28/Apr/2006 Thoi Bao Kinh Te Vietnam | Lao Dong | 8:37 AM

Investors experienced an unexpected adjustment in the share supply-demand on April 27 when massive share sell offs were taken by individual traders profit taking analysts [...]
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Bankcard market to have 19th member

29-Apr-2006 Intellasia | 27/Apr/2006 Thoi Bao Kinh Te Vietnam | 8:37 AM

The State Bank of Vietnam (SBV), the country’s central bank has officially given go ahead to Vietnam Bank for Private Enterprises or VPBank to provide and pay domestic and [...]
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Tough competition to join banking 1tr dong club

29-Apr-2006 Intellasia | Thoi Bao Ngan Hang | 8:37 AM

Nowadays it seems the chartered capital hike is the key competition target of most banks in Vietnam. And the destination that joint stock banks in HCM City, the country’s [...]
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Asean duty cuts rolled back three years

29-Apr-2006 Intellasia | 27/Apr/2006 Vietnamnet | VnExpress | 8:36 AM

Import duties on cars and motorbikes imported from Asean countries will be gradually cut from 2007, and for total removal in 2018 instead of 2015 as previously scheduled. [...]
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National holiday mulled for founding king

29-Apr-2006 Intellasia | 27/Apr/2006 Thanh Nien | 8:36 AM

Vietnam will have one more holiday to mark the death of King Hung 4,000 years ago in if the National Assembly approves the proposal by three ministries at its upcoming [...]
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Italy funds training for government policy makers

29-Apr-2006 Intellasia | 27/Apr/2006 Thanh Nien | Agenzia Giornalistica Italia | 8:35 AM

The Italian government has given the go ahead to a project to help Vietnam train officials in economic policy making, said foreign ministry spokesman Pasquale Terracciano in [...]
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MPI calls to cut coal exports to China

29-Apr-2006 Intellasia | 28/Apr/2006 Saigon Times Daily page 1 | 8:35 AM

The Ministry of Planning and Investment has proposed the government to reduce coal export to China, saying that the high export volume will have negative impact on the [...]
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All banknotes to be Australian-made polymer bills

29-Apr-2006 Intellasia | 27/Apr/2006 Thoi Bao Kinh Te Saigon page 29 | 8:35 AM

The State Bank of Vietnam’s money issuance department is waiting for government office approval for the SBV to issue Australian-made polymer banknotes of 10,000 and 20,000 [...]
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Orient Commercial Bank to double chartered capital

29-Apr-2006 Intellasia | 27/Apr/2006 Thoi Bao Kinh Te Saigon page 29 | 8:33 AM

Orient Commercial Bank has officially announced that it would increase its chartered capital from the current 300 billion dong to 630 billion dong in 2006. This plan was [...]
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Maritime Bank raises chartered capital

29-Apr-2006 Intellasia | 28/Apr/2006 Thoi Bao Kinh Te Vietnam page 2 | 8:33 AM

Vietnam Maritime Commercial Joint Stock Bank (MSB) yesterday April 27 officially received the approval of the State Bank of Vietnam (SBV) to raise its chartered capital to [...]
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Citigroup awards Techcombank

29-Apr-2006 Intellasia | | 8:31 AM

The Hanoi-based Technological and Commercial Joint Stock Bank (Techcombank) on April 26 received the certificate for the outstanding international payment bank of the fiscal [...]
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Vietnam companies invest US$34m abroad

29-Apr-2006 Intellasia | 28/Apr/2006 Dau Tu page 3 | 8:31 AM

The Ministry of Planning and Investment reported Vietnamese companies have invested five projects worth about US$34.5 million in United States, Singapore, Malaysia, Lao and [...]
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Seminar held to bolster domestic brand names

29-Apr-2006 Intellasia | 26/Apr/2006 Nguoi Lao Dong | 8:30 AM

Being considered the most attractive retail market in the world until 2020, Vietnam has become a destination for many leading retail groups in the world. At a seminar on the [...]
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NYK invests in Vietnam Ocean Shipping Agency

29-Apr-2006 Intellasia | 27/Apr/2006 Logistics Management | 8:30 AM

Singapore: NYK Group South Asia Pte. Ltd, NYK’s subsidiary in Singapore, acquired a 2.75% stake (320,000 shares) in the Vietnam Ocean Shipping Agency (VOSA) when the Agency [...]
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CII to sell convertible bonds after listing

29-Apr-2006 Intellasia | 28/Apr/Saigon Times Daily page 2 | 8:29 AM

HCM City Infrastructure Investment Joint Stock Co (CII) will issue convertible bonds after it lists shares on the local bourse as told by the State Securities Commission. CII [...]
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