Archive for March, 2009
Business, banking and stock market report Mar 31
* Hoang Quy Private Enterprises in the Mekong Delta’s Ben Tre Province has exported 20 tonnes of green-skin pomelos and coconuts to Germany and the Czech Republic. This [...]
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Downturn of stock market curbed as VN Index falls 1.71 pts on Mar 31
Ending the session of March 31, VN Index fell 1.71 points slightly or 0.61% from yesterday to close at 280.67 marks with total recorded matching order trade of nearly 22.7 [...]
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International arrivals to Vietnam plunge 16%
In the first quarter of 2009, the number of international tourists arriving in Vietnam reached 992,200 arrivals, falling by 16% against the same period of 2008, reported [...]
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PIT exemption for individuals working for UN in Vietnam
Ministry of Finance has issued Circular No 57 guiding the CIT exemption for Vietnamese individuals working for the representative office of United Nations in Vietnam. [...]
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Viet-Italy steel marker holds AGM, announces 15% dividend
The AGM of Viet Italy Steel Joint Stock Co (VIS) was held on 28 March to summarise the economic performance of 2008 and approve the 2009 business plan. Last year, the steel [...]
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Fisheries firm Aquatex Ben Tre releases audited fiscal report
Ben Tre Fisheries Import Export Joint Stock Co (Aquatex-coded ABT) only reached 24.13 billion dong in revenue according to the audited report of Q4 of 2008, decreasing by [...]
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Mixed blessings from rising forex rate
In the fourth quarter of 2008, Binh Thanh Import-Export Production and Trade Joint Stock Co (Gilimex) saw an unexpected business result when the company’s revenue rose [...]
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Local banks review foreign strategic partnerships
While many banks around the world are being hammered by the world’s economic crisis banks in Vietnam are still considered safe bets because Vietnam’s banking [...]
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Enterprises rush to buy Vietinbank’s shares
A line-up of big companies in such sectors of electricity, telecommunication and 20 other institutions are queuing to register to buy 44.22 million shares of Vietnam [...]
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VIB targets to earn 400b dong profit in ’09
Vietnam International Commercial Joint Stock Bank or VIB Bank targets to reach 400 billion dong in pre-tax profit, and a dividend of 10% in 2009. Also, the bank plans to [...]
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VNPAY licensed to pilot payment service
State Bank of Vietnam’s (SBV) governor on March 30 issued Decision No 675/QD-NHNN allowing Vietnam Payment Solution Joint Stock Co (VNPAY) to pilot the supply of VnMart [...]
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LienVietBank to pay 9% dividend for Q1 of 2009
Lien Viet Commercial Joint Stock Bank (LienVietBank) plans to raise the chartered capital by 350 billion dong from the current 3.3 trillion dong to 3.650 trillion dong and [...]
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ABBank to provide service to Deutsche Bank
An Binh Commercial Joint Stock Bank (ABBank) will supply payment services to Deutsche Bank, according to the cooperation agreement signed between the banks last weekend. [...]
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EVN to sell electricity to Cambodia
Electricity of Vietnam (EVN) and Electricity of Cambodia (EDC) will put into operation the Chau Doc-Takeo 220 kV power line on March 30, an important step towards effecting [...]
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Brokers ordered to report gold trades
The State Securities Commission ordered securities companies to report any new operations with gold trading centres, acknowledging the recent rush of brokerages to the gold [...]
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