Archive for April 8th, 2009

Business, banking and stock market report Apr 8

Business, banking and stock market report Apr 8

08-Apr-2009 Intellasia | | 7:22 PM

* In Jan-March, Nui Ceo Coal Joint Stock Co (coded NBC) reached revenue of 347.69 billion dong that is expected to be 137.47 billion dong in April alone. The coal miner [...]
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VN Index falls down to 313.76 pts on Apr 8, market trade jumps to 55m units

08-Apr-2009 Intellasia | Atp | CafeF | HASTC | STC | 7:19 PM

After four consecutive increasing sessions with a huge market trade, the Ho Chi Minh Stock Exchange (STC) today April 8 saw the first correction session as the VN Index [...]
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Steel billet import falls

08-Apr-2009 Intellasia | Tuoi Tre | 7:15 PM

Steel markers only spent US$121 million importing 282,000 tonnes of steel billet in the first quarter of 2009, equalling to 27.5% in output and 18.3% in value of the same [...]
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1.95tr dong to build pulp mill

08-Apr-2009 Intellasia | Tuoi Tre | 7:14 PM

Quang Ngai provincial People’s Committee yesterday licensed Dong Nai based Tan Mai Paper Group to build a pulp mill in Binh Long commune, Binh Son Dist. Work on the [...]
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Work Construction JSC’s 2008 profit nearly doubles

08-Apr-2009 Intellasia | Dau Tu Chung Khoan page 17 | 7:13 PM

Work Construction 545 Joint Stock Co (CECO 545) has released the 2008 fiscal report with total revenue of 171.096 billion dong, a year-on-year growth of 30.02% and the [...]
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WB forecasts Vietnam ’09 economic growth at 5.5%

08-Apr-2009 Intellasia | Thoi Bao Kinh Te Vietnam page 1 | 7:11 PM

The World Bank forecast that Vietnam’s economic growth in 2009 would be 5.5% and the government’s fiscal policies will play an important role, the WB said at a [...]
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Treasury upbeat on G-bond plans

08-Apr-2009 Intellasia | Thoi Bao Kinh Te Vietnam | 7:11 PM

Standard Chartered Bank’s research group has announced the report on Vietnamese bond market, concerning some adequacies and giving explanation and analysis on movements [...]
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Banks expected to pull forex deposits from central bank

08-Apr-2009 Intellasia | 06/Apr/2009 Dau Tu Chung Khoan page 29, 33 | 7:09 PM

A commercial bank has recently announced that it would withdraw over US$500 million worth of foreign currency deposits that exceeds the compulsory reserve at the State Bank [...]
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Profit put as second priority after safety target

08-Apr-2009 Intellasia | 07/Mar/2009 Dau Tu Chung Khoan page 30 | 7:08 PM

The credit growth is a recovery sign of the banking sector in the first quarter however particularly amidst the on-going global financial crisis, profit is always less [...]
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Banks barred from opening gold trading floor

08-Apr-2009 Intellasia | VnExpress | 7:07 PM

State Bank of Vietnam (SBV) recently ordered banks to report about operation of their gold trading floor and banned them to open new gold floors until a particular guidance [...]
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10 more sectors set for interest rate subsidisation

08-Apr-2009 Intellasia | CafeF | 7:06 PM

State Bank of Vietnam’s (SBV) governor yesterday issued a circular ruling on supporting interest rates of medium and long-term loans for new production and business [...]
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SSC issues guidance on M&As of brokerages

08-Apr-2009 Intellasia | Vietnamnet | 7:05 PM

State Securities Commission (SSC) has introduced the draft guiding on merger and acquisitions of securities trading companies. Under it, securities businesses only are [...]
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ADB finances Vietnam US$151m to build hydropower plant

08-Apr-2009 Intellasia | CafeF | 7:05 PM

Asian Development Bank (ADB) announced that it would provide another loan of US$151 million to Vietnam for improving power supply services to the poor in remote and [...]
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Ficombank plans to raise capital

08-Apr-2009 Intellasia | Dau Tu Chung Khoan page 17 | 7:04 PM

First (De Nhat) Commercial Joint Stock Bank or Ficombank-FCB announced that it would issue extra 39,041,260 shares with a selling price equalling to the face value in order [...]
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VietBank signs deal with AIG Life

08-Apr-2009 Intellasia | Dau Tu Chung Khoan page 26 | 7:03 PM

VietBank and AIG Life (Vietnam) signed a memorandum of understanding on cooperation at the inauguration ceremony of VietBank’s new branch at No 5 Tran Hung Dao St of [...]
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