Archive for January 19th, 2009

Business briefs January 19

Business briefs January 19

19-Jan-2009 Intellasia | | 8:51 PM

* The State Securities Commission (SSC) on January 16 issued Decision No 103/UBCK-GP granting establishment and operation license to Hoa Anh Dao (Sakura) Securities Joint [...]
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VN Index reverses to fall to 304.98 pts with low transparency Jan 19

19-Jan-2009 Intellasia | AtpVietnam | HaSTC | 8:46 PM

The Vietnam’s stock market today January 19 opened a new week with a gloomy session and low transparency. Closing the opening phase, the index of Ho Chi Minh Stock [...]
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Stock market ignores government’s 17t dong demand stimulus package

19-Jan-2009 Intellasia | Lao Dong | 8:35 PM

During the last two weeks, both Hanoi Securities Trading Centre (HASTC) and Ho Chi Minh Stock Exchange (STC) grew by less than 1.5% in each session. On January 16 when the 17 [...]
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BIC’s revenue grows 78% y-o-y

19-Jan-2009 Intellasia | Dau Tu Chung Khoan page 20 | 8:34 PM

Bidv Insurance Co (BIC) last year reached 290 trillion dong from insurance premiums, growing by 78% year-on-year. In which, the premium from principal insurance accounted for [...]
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Song Da 10 posts nearly 540b dong revenue

19-Jan-2009 Intellasia | Dau Tu Chung Khoan page 7 | 8:33 PM

Song Da 10 Joint Stock Co (coded SDT) last year posted total revenue of nearly 540 billion dong and profit of over 53 billion dong. The company’s ratio of profit and [...]
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Vincom gains 162b dong profit in 2008

19-Jan-2009 Intellasia | 17/Jan/2009 CafeF | 8:32 PM

Vincom Joint Stock Co (coded VIC) recently reported gaining over 647 billion dong in total revenue and 162 billion dong in profit in 2008. Of which, the company obtained 286 [...]
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Song Hong Steel lamination mill inaugurated

19-Jan-2009 Intellasia | 17/Jan/2009 Hanoi Moi | 8:31 PM

Song Hong (Red River) Steel Joint Stock Co under the Song Hong Corp on January 17 organised an inauguration ceremony for Song Hong Steel lamination mill. With an investment [...]
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EVN to invest nearly 50t dong in power projects

19-Jan-2009 Intellasia | 17/Jan/2009 Thoi Bao Kinh Te Vietnam | 8:31 PM

Electricity of Vietnam (EVN) recently announced its plan of investing 49.989 trillion dong in power projects in 2009. Of which, 42.454 trillion dong will be net investments, [...]
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Work on 9th Metro Cash & Carry starts in Vietnam

19-Jan-2009 Intellasia | 17/Jan/2009 Thoi Bao Kinh Te Vietnam | 8:30 PM

Metro Cash & Carry firm on January 16 started construction on the ninth outlet named Cash & Carry in the southern province of Dong Nai’s Bien Hoa city. The [...]
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VNPT to invest 30t dong in telecommunication network development

19-Jan-2009 Intellasia | 17/Jan/2009 Saigon Giai Phong | 8:29 PM

Vietnam Post and Telecommunications Group (VNPT) recently said that in 2009 it would invest some 30 trillion dong in telecommunication platform and network development. Of [...]
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VinaPhone announces 14t dong revenue in 2008

19-Jan-2009 Intellasia | Thoi Bao Kinh Te Vietnam | 8:28 PM

VinaPhone mobile telecom provider last Friday reported gaining 14 trillion dong of revenue in 2008, growing by 35% from 2007. The firm reported additional 7.5 million real [...]
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Interest rate bottom unfathomable again

19-Jan-2009 Intellasia | 16/Jan/2009 Dau Tu Chung Khoan page 26 | 6:26 PM

State Bank of Vietnam’s policy of reducing the basic interest rate quickly and sharply resulted in strong changes of interest rates in the market, which has created [...]
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Difference between dong and US dollar deposit rate narrows to 3-4%pa

19-Jan-2009 Intellasia | 16/Jan/2009 Dau Tu Chung Khoan page 27 | 6:25 PM

The rapid reduction of dong interest rate has narrowed the difference between dong and US dollar deposit interest rates to 3-4% a year. The narrowed difference has prompted [...]
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Banks preparing for new interest rate increase

19-Jan-2009 Intellasia | Dau Tu Chung Khoan page 31 | 6:24 PM

Although the growth in lending activities of HCM City based banks was higher than the growth in capital mobilisation, banks have continued reducing interest rates. According [...]
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Banks report good performance despite a difficult 2008

19-Jan-2009 Intellasia | Dau Tu | 6:23 PM

Despite going through a difficult year, banks posted satisfactory businesses results in 2008. Some joint stock banks reported impressive profits. Asia Commercial JS Bank [...]
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