Archive for September 9th, 2006

Company, bank, stock market briefs September 9

09-Sep-2006 Intellasia | | 10:01 AM

* 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

09-Sep-2006 Intellasia | 8/Sep/2006 Dau Tu page 7 | 9:40 AM

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

09-Sep-2006 Intellasia | 8/Sep/2006 Dau Tu page 7 | 9:39 AM

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

09-Sep-2006 Intellasia | 07/Sep/2006 Thanh Nien | 9:31 AM

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

09-Sep-2006 Intellasia | 08/Sep/2006 Kinh Te Vietnam & The Gioi page 2 | 9:31 AM

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

09-Sep-2006 Intellasia | 08/Sep/2006 Thoi Bao Kinh Te Vietnam page 3 | 9:30 AM

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

09-Sep-2006 Intellasia | 08/Sep/2006 Saigon Times Daily | 9:29 AM

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

09-Sep-2006 Intellasia | 07/Sep/2006 Mining Journal Online | 9:28 AM

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

09-Sep-2006 Intellasia | 07/Sep/2006 AFX | 9:28 AM

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

09-Sep-2006 Intellasia | 07/Sep/2006 Market Wire (press release) | 9:27 AM

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

09-Sep-2006 Intellasia | 08/Sep/2006 Kinh Te Vietnam & The Gioi page 8 | 9:26 AM

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

09-Sep-2006 Intellasia | 07/Sep/2006 Saigon Times Daily page 1 | 9:26 AM

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

09-Sep-2006 Intellasia | 07/Sep/2006 Saigon Times Daily page 2 | 9:25 AM

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

09-Sep-2006 Intellasia | 07/Sep/2006 Thanh Nien | 9:24 AM

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

09-Sep-2006 Intellasia | 07/Sep/2006 Vietnamnet | VnExpress | 9:24 AM

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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