Archive for November 27th, 2009
Market liquidity improves, two indexes reverse to increase
The two indexes of VN Index and HNX Index reversed to increase, closing the last session of the week with a point-gaining session. At closing time, VN Index stayed at 490.62 [...]
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Business, banking and stock market briefs November 27
* Saigon Trading Corp-Satra now has 60 member enterprises and associated companies with the 2008 revenue totalling at 21 trillion dong. * Procter & Gamble Indochina Co [...]
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Citi optimistic about Vietnam’s 2010 economic prospect
The global research and analysis wing at Citi Group has announced the annual economic report titled “Potential of financial markets and economies in 2010″ saying [...]
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Increasing basic rates in Vietnam is necessary, Goldman Sachs
On Wednesday, State Bank of Vietnam-SBV raised the basic rates from 7 to 8 percent pa, re-financing rate from 7 to 8 percent, discount rate from 5 to 6 percent, which will be [...]
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World Bank pledges to increase aid to Vietnam
At the press meeting yesterday in Hanoi, prior to Consultative Group (CG) 2009 in Vietnam, Victoria Kwakwa-new director of World Bank to Vietnam committed that WB will [...]
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HCM City leads FDI attraction
In Jan-Nov, HCM City leads the country in terms of FDI attraction with nearly 3,470 projects worth over $27.29 billion, increasing by 12 percent in project number and 6.6 [...]
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The forex rate of around 18,400-18,500 dong is logical
Talking with VnExpress.net, chair of National Financial Supervising Committee Le Duc Thuy does not believe that the monetary market is facing a crisis on the contrary he [...]
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Information technology turnover in 2009 may hit over $6.2b
National Monitoring Committee for Information Technology and Ministry of Information and Communication yesterday held a national IT conference 2009 titled “Present [...]
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State groups ordered to sell foreign currencies to SBV
Prime minister yesterday ordered PetroVietnam, Vinacomin and state corporations [that have turnover in foreign currencies] to sell foreign currencies to State Bank of Vietnam [...]
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Gold price exceeds 29m dong a tael
The world’s gold price continuously reached new high levels, approaching $1,194 an ounce, making the domestic gold price increase accordingly in the morning of 26 [...]
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Vietnam investment opportunity seminar held in Korea
Within the cooperation programme framework of 2009 between Asean and Korea, Ministry of Industry and Trade’s Trade Promotion Department in conjunction with Ministry of [...]
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Prudential Vietnam and VP Bank sign bancassurance contract
Prudential Vietnam Life Insurance Co and VPBank Commercial Joint Stock Bank have signed the bancassurance contract on November 26, in which VPBank become Prudential [...]
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Tin Nghia Bank issues ‘Van Phu Quy’ bills of exchange
From November 23 to December 30, 2009, Tin Nghia Commercial Joint Stock Bank (TinnghiaBank) would issue “Van Phu Quy” bills of exchange with the total value of 2 [...]
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VietABank raises deposit rates in US dollar
Viet A Commercial Joint Stock Bank (VietABank) announced increasing the interest rates for deposits in US dollar, starting from November 25 by 0.1-0.3 percent per year for [...]
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Eximbank opens six new transaction offices in November
In November 2009, Vietnam Export-Import Commercial Joint Stock Bank has opened and put into operation six transaction offices in HCM City and Ba Ria-Vung Tau province, [...]
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