Archive for February 2nd, 2009
Business briefs February 02
* The State Securities Commission (SSC) on January 22 issued Dispatch No 122/UBCKNN-QLKD to revoke the business license of Thien Phu Securities Joint Stock Co Earlier, the [...]
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VN Index slips 1.88% to 297.52 pts Feb 2
After a long holiday for Lunar New Year, Vietnam’s stock market today February 2 reopened with another fall and lost the 300 point threshold again. Right in the opening [...]
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EU wants to conduct private FTA negotiations with Vietnam, Thailand and Singapore
Philippe Meyer, Head of the EU’s Free Trade Agreement negotiation mission, during his recent visit to Thailand on January 27 stated that EU wants private negotiations [...]
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January export tumbles, records trade deficit of US$300m
General Statistic Office (GSO) recently reported that the trade deficit in January 2009 was about US$300 million, much lower than US$2.3 billion in last January. The export [...]
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Song Da transportation trade firm to list 5m shares at 10,000 dong par
Hanoi Securities Trading Centre (HaSTC) on January 23 approved in principle Song Da Transportation and Trade Joint Stock Co to list five million ordinary shares at 10,000 [...]
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Thien Phu securities broker’s business license to be revoked
The State Securities Commission (SSC) on January 22 issued Dispatch No 122/UBCKNN-QLKD to revoke the business license of Thien Phu Securities Joint Stock Co. Earlier, the [...]
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Fuel retail price increases 20,000 dong per 12-kilogram cylinder in Feb
Domestic gasoline retailers forecasted that the fuel retail price could increase by 20,000-30,000 dong to 210,000-215,000 dong per 12-kilogram cylinder in February. [...]
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PetroVietnam posts 250t dong revenue in 2008
The Vietnam National Oil and Gas Group (PetroVietnam-PVN) recently reported gaining over 250 trillion dong in revenue in 2008, US$11.15 billion in export turnover, achieving [...]
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PV Drilling reports 927b dong profit in 2008
In the fourth quarter of last year, listed firm PV Drilling for the first time surpassed the one trillion dong revenue threshold but its profit fell strongly against the [...]
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Government considering a 600MW thermo power plant in Phu Tho province
Deputy prime minister Hoang Trung Hai assigned Ministry of Trade and Industry to consider and approve a 600 MW thermo power plant project in Phu Tho province under the [...]
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Mobile phone cost will decline
All five mobile telecom providers namely VinaPhone, MobiFone, Viettel, S-Fone and EVN Telecom confirmed that in 2009, the cost for basic services such as SMS, call and extra [...]
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Savings rates go down, banks launch promotional programmes to attract depositors
From February 1, the dong basic rate was reduced from 8.5% per annum to 7% pa, resulting in the maximum dong lending rate of credit institutions to come down from 12.75% pa [...]
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Lending rate falls to 6% pa
After the State Bank of Vietnam (SBV)’s decision of reducing the basic rate to 7% a year, Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank) announced adjusting [...]
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FDI attraction reaches over US$200m in Jan
In January, this year, Vietnam attracted only US$200 million of newly registered foreign direct investment (FDI) capital, a 8.5 fold decrease from the same period last year [...]
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Vietnam’s oil production output targeted at 24m tonnes in 09
PetroVietnam targets to reach an oil production output of 14 million tonnes in 2009, including 16 million tonnes of crude and condensate oil, and 8 billion cubic metres of [...]
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