Archive for September 9th, 2006
Company, bank, stock market briefs September 9
* Saigonbank has announced that they will increase their chartered capital to 700 billion dong from 600 billion dong in the fourth quarter this year by issuing extra shares [...]
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Look to joint deals, not fight foreign banks
When Vietnam joins the World Trade Organisation, banking and finance is seen as one of the service industries that will face the toughest competition for retaining market [...]
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Tax on bank savings could mean mass withdrawals
There is the strong possibility money earned from bank deposit interest will be taxable according to the draft Law on Personal Income Tax. While this is nothing odd in most [...]
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Small design error found on new polymer notes
Readers told Thanh Nien Thursday September 7 they might have found a mistake in the numeric details of the newly-issued dong 10,000 polymer currency bills. They said on the [...]
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Seminar on approaching international finance held
Conference entitled: “Approaching international capital market-key to success” was jointly held in Hanoi by the Citibank Vietnam, Moody’s Investors Service-a leading [...]
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STC warns brokers over lax reports
An official letter penalising three securities firms under the HCM City Securities Transaction Centre due to mistaken transactions was signed by the STC’s director, Tran [...]
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Vietnam targets US$34b of new FDI toward 2010
Vietnam has set a target of attracting US$34 billion in foreign direct investment (FDI) in the 2006-2010 period, focusing on high-tech industries, the Ministry of Planning [...]
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Nui Phao costs soar by one-third
Tiberon Minerals Ltd said the cost of developing its Nui Phao tungsten-fluorspar mine in Vietnam has risen by almost a third. In addition, the Canadian miner said it will [...]
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Soco H1 profits rise 72% on strong oil prices, volumes
UK oil producer Soco International PLC saw profit jump 72% in the first half, propelled by sky-high oil prices and increased volumes. Net profit in the six months to June [...]
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Cavico Corp generates US$4.3m from Nui Beo Coal Mine in H1 2006
Cavico Corp (Other OTC:CVCP.PK -News), a Vietnamese company working in the fields of infrastructure development, including the construction of hydropower facilities, dams, [...]
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Vinachem to lift capital for subsidiaries
The Vietnam Chemical Corp or Vinachem said their subsidiaries have gained good performance with high growth in revenue and profit after equitisation since the end of 2005, [...]
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Siemens opens busbar trunking factory
Siemens Automation Systems Ltd of German’s Siemens AG on September 7 opened a factory to manufacture busbar trunking systems in the southern Binh Duong Province after 15 [...]
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Honda earns US$18m from motorbike and parts exports
Honda Vietnam Co Ltd has earned nearly US$18 million from exports of motorcycles and components to Asian countries in the first eight-months this year, said a leader of the [...]
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Government to fast-track probe into million dollar land scam
Vietnam?s deputy PM has instructed relevant agencies to expedite the probe into a major land scam in central Vietnam where a man was illegally granted a land-use right [...]
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PM empowered to suspend provincial chairperson
The prime minister has the power to temporarily suspend deputy ministers and chairmen of provincial People?s Committees, according to the newly released President?s Order. [...]
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