Archive for November 23rd, 2009
Business, banking and stock market briefs November 23
* Saigon Palm Co Ltd has shipped two containers of furniture made from water hyacinths worth about $14,000 to Australia and New Zealand, Tuoi Tre quoted company deputy [...]
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VN Index and HNX Index continue falling deeper Nov 23
Following the decreasing impetus from the last session of the previous week, the indexes on Vietnam’s two largest bourses kept dropping sharply during today’s [...]
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BVSC gains Jan-October profit of 245b dong
Bao Viet Securities Joint Stock Co (BVSC) has announced that up to the end of October, the company has gained progressive pre-tax profit of 245 billion dong. Bao Viet [...]
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Vissan food processing complex projected
At the 39-year establishment anniversary held on November 20, Vissan food processor announced that it targets to reach 3.1 trillion dong in 2009 revenue, higher four times [...]
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Biggest cement factory nears completion
Work on Binh Phuoc cement plant with total investment capital of over eight trillion dong and a designed capacity of two million tonnes a year has been basically completed. [...]
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Nam Trieu shipbuilder launches 56,200-tonne cargo ship
Nam Trieu Shipbuilding Industry Corp under Vinashin last Friday launched the 56,200 tonne cargo ship in Tan Hung commune, Thuy Nguyen Dist, Hai Phong City. The ship is 190 [...]
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VMS MobiFone and Nokia Siemens Networks cooperates to launch 3G services
VMS MobiFone has announced about its cooperation relationship with Nokia Siemens Networks for upgrading and modernising its networks into 3G and launching a new IP axis, in [...]
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Vietnam encourages development of new energy
Vietnam is encouraging development and usage of new and recycled energy by funding studies, researches, trial manufacturing, development of typical case studies of new and [...]
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Expensive lessons on developing automobile industry
With the intial plan to develop the country’s authomobile industry rapidly along wiht the intelligent calculation of foreign investors about consumption market, within [...]
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Short term deposits carry super interest rates
Since the middle of November, all joint stock banks hiked short term saving rates whereby the below 3-month savings carry the most attractive interest rates. At present, [...]
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KMF, KMR to be merged and listed on Korean stock exchange
On November 20, Mirae Joint Stock Co (STC listed KMR) in coordination with Ban Viet Securities JSC (VCSC) co-organised the merger plan with Mirae Fiber JSC (HNX listed KMF) [...]
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Stock market capitalisation accounts for 55 pct of GDP
State Securities Commission reported that till late October, the Vietnamese stock market has 729,592 accounts of investors. Of which 726,639 are of individual investors [...]
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Vietnam’s apparel export to Japan may earn $1b
Vietnam’s apparel export to Japan in 2009 may earn $900,000-1 million, a year-on-year rise of 18-20 percent, Vietnam Textile and Garment Association said. After [...]
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Vietnam’s per capita income targeted at $2,100/person in 2015
Ministry of Planning and Investment targets to reach GDP growth of 7-8 percent a year and an average income of $2,100/person a year by 2015 along with the poor household [...]
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2009 overseas remittance will not reduce like previously estimated
According to the forecast of Ministry of Finance, this year’s inward remittance could reach $6.8 billion, and the majority of the amount will be transferred into [...]
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