Archive for December, 2008

Business briefs December 31

Business briefs December 31

31-Dec-2008 Intellasia | | 8:41 PM

* Ho Chi Minh Stock Exchange (STC) on December 29 approved Tan Binh Culture Joint Stock Co (coded ALT) to list 938,780 additional shares at 10,000 dong par with the total [...]
» More

Stock market closes a year with a slight fall

31-Dec-2008 Intellasia | AtpVietnam | HaSTC | 8:36 PM

Ending the last session of the year 2008, the Vietnam’s stock market today December 31 slipped slightly after three consecutive increases. Opening the session, with the [...]
» More

Capital mobilisation channel of bonds encouraged

31-Dec-2008 Intellasia | Dau Tu Chung Khoan | 7:34 PM

The government plans to raise a huge volume of capital through the bond market and guarantee businesses’ capital mobilisation via issuing corporate bonds in 2009. The [...]
» More

UK-based enterprises interested in Vietnamese market

31-Dec-2008 Intellasia | Vietstock | 7:33 PM

With a strong impact of the global financial crisis and difficult economic conditions, UK-based enterprises are still attracted towards Vietnamese market and the bilateral [...]
» More

Vietnam-Korea bilateral trade fulfils targets for 2010

31-Dec-2008 Intellasia | Vietstock | 7:32 PM

During the year 2008, the bilateral trade between Vietnam and Korea reached nearly US$10 billion, fulfilling the target set until 2010. Until the end of November, the two-way [...]
» More

Insurance premium posts over 21t dong in 2008

31-Dec-2008 Intellasia | 30/Dec/2008 Thoi Bao Kinh Te Vietnam | Hanoi Moi | 7:32 PM

The global financial crisis can cause many difficulties for insurance sector in 2009. However, it would also be a chance for insurance companies to expand market. Because of [...]
» More

Bank’s outstanding loans surge 22%

31-Dec-2008 Intellasia | Saigon Economic Times | 7:31 PM

State Bank of Vietnam (SBV) reported at the conference held yesterday in Hanoi that the banking system’s outstanding loans in 2008 have grown by 21-22% from the end of [...]
» More

Agribank cuts interest rate to offer lower lending rates under govt’s stimulus

31-Dec-2008 Intellasia | CafeF | 7:30 PM

From January 1, Vietnam Bank for Agriculture and Rural Development (Agribank) will reduce the lending rate of old contracts down to 1.06% per month (or 12.72% per year). [...]
» More

EVN’s finance arm inks deal with VietinBank

31-Dec-2008 Intellasia | Thoi Bao Kinh Te Vietnam page 3 | 7:29 PM

Electricity of Vietnam (EVN)’s Finance Joint Stock Co (EVNFC) and the Bank for Industry and Trade of Vietnam (VietinBank) on December 29 signed a cooperation agreement [...]
» More

SCIC a cooperation deal with PetroVietnam

31-Dec-2008 Intellasia | VnExpress | 7:29 PM

State Capital Investment Corp (SCIC) yesterday signed a cooperation deal with Vietnam Oil and Gas Group (PetroVietnam) to co-launch oil exploration and drilling studies with [...]
» More

Bosch establishes 55m euro automobile power line plant in Long Thanh IS

31-Dec-2008 Intellasia | Dien Dan Doanh Nghiep | 7:28 PM

The German firm Bosch has set up a 100% foreign owned branch in Vietnam and also broke ground for the high tech automobile power line manufacturing plant with a total [...]
» More

Ha Tinh-based School Equipments Books JSC to pay 12% dividend in cash

31-Dec-2008 Intellasia | 30/Dec/2008 Thoi Bao Kinh Te Vietnam | 7:28 PM

The Securities Depository Centre recently announced that January 15, 20009 would be the registration deadline for HaSTC-listed Ha Tinh-based School Equipments and Book Joint [...]
» More

Deutsche Asset Management (Asia) reduces holding into Savimex to 4.61%

31-Dec-2008 Intellasia | CafeF | 7:27 PM

Savimex Economic Cooperation and Import-Export Joint Stock Co (Savimex-coded SAV) recently announced that its big shareholder-Deutsche Asset Management (Asia) Limited, [...]
» More

SGI Capital increases holding into Kinh Bac urban development firm

31-Dec-2008 Intellasia | CafeF | 7:26 PM

SGI Investment Fund Management Joint Stock Co (SGI Capital) recently finished purchasing two million KBC-coded shares of Kinh Bac Urban Development Joint Stock Co from [...]
» More

Cam Ranh ship builder continues building big tonnage ships

31-Dec-2008 Intellasia | Vietstock | 7:26 PM

After successfully building and launching the Vinashin Southern 6 ship with the tonnage of 20,000 tonnes, Cam Ranh Shipbuilding Factory (Nha Trang Shipbuilding Industry Co) [...]
» More