Archive for April 8th, 2009
Business, banking and stock market report Apr 8
* 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
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
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
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
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%
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
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
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
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
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
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
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
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
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
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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