Archive for June 10th, 2010

Business briefs Jun 10

10-Jun-2010 Intellasia | | 8:35 PM

* Ho Chi Minh Stock Exchange (STC) announced on June 8 to receive the application profile from Vimedimex Medical and Pharmaceutical Joint Stock Co to list shares for the [...]
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VN Index regains 500pts

10-Jun-2010 Intellasia | AtpVietnam | 8:33 PM

The VN Index regained the threshold of 500 points at the closing time of trading session. The market transaction situation became quiet. Meanwhile, many investors were [...]
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Steel price down another 300,000 dong/tonne

10-Jun-2010 Intellasia | Tuoi Tre | 6:16 PM

Vietnam Steel Corp (VNSteel) southern headquarters and Viet Steel JSC (Pomina) continued reducing the steel price by 300,000 dong per tonne for rolled steel and steel bar [...]
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Global Emerging Markets commits to invest $30m in Alphanam

10-Jun-2010 Intellasia | ALP | 6:15 PM

Global Emerging Markets (GEM) has signed a term sheet to committee a $30 million investment in local firm Alphanam Joint Stock Co. The investment process is broken into many [...]
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ABBank helps build products for big companies

10-Jun-2010 Intellasia | Nguoi Lao Dong | 6:15 PM

An Binh Commercial JS Bank (ABBank) on Tuesday announced that from April, it has launched the financial solution for gold-level companies to aim at Top 500 companies (Top VNR [...]
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Vietnam’s foreign exchange reserves are rising

10-Jun-2010 Intellasia | VnExpress | 6:15 PM

A representative of the State Bank of Vietnam has corrected the figures of International Monetary Fund (IMF) on Vietnam’s foreign currency exchange reserves as he [...]
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SRA joins venture to develop Mobile Payment service

10-Jun-2010 Intellasia | Vietstock | 6:13 PM

Korea’s Sian Holdings and Sara Vietnam Joint Stock Co (HNX listed SRA) on June 4 signed a joint venture cooperation deal to invest and develop “Mobile [...]
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Cocoa plantation area estimated at 60,000ha by 2015

10-Jun-2010 Intellasia | Lao Dong | 6:13 PM

Vietnam Cocoa Development Commission under Ministry of Agriculture and Rural Development has allowed the lower-authority agencies to build the cocoa plantation project in the [...]
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Cotton import jumps 150pct

10-Jun-2010 Intellasia | Tuoi Tre | 6:12 PM

Production companies have imported 164,000 tonnes of cotton worth $269 million over the past five months, jumping 154 percent in value and nearly 100 percent in volume [...]
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Phap Van-Cau Gie road to be upgraded into expressway

10-Jun-2010 Intellasia | CafeF | 6:12 PM

Vietnam Expressway Investment and Development Corp (VEC) have lately submitted to Ministry of Transport a proposal of upgrading Hanoi’s Phap Van-Cau Gie road into an [...]
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Coteccons becomes main contractor of Tricon Towers project

10-Jun-2010 Intellasia | Vietstock | 6:11 PM

Cotec Construction Joint Stock Co (coded CTD) announced to become the contractor for Tricon Towers, a real estate project that Minh Viet Investment Joint Stock Co was the [...]
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Saigon Metropolitan to become wholly foreign invested firm

10-Jun-2010 Intellasia | Thoi Bao Kinh Te Sai Gon | 6:11 PM

Saigon Metropolitan Limited (SML) from British Virgin Island, foreign partner in developing Saigon Metropolitan building has announced that it would buy 30 percent stake of [...]
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Van Phat Hung earns 80b dong from transferring Tan Tao A project

10-Jun-2010 Intellasia | Vietstock | 6:10 PM

Van Phat Hung Joint Stock Co (STC listed VPH) reported earning about 155 billion in revenue and 80 billion dong in profit from transferring the contributed capital in Tan Tao [...]
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Dragon Capital restructures investment portfolio

10-Jun-2010 Intellasia | Tuoi Tre | 6:10 PM

A group of investors represented by Dominic Scriven, director of Dragon Capital cum member of Sacombank’s director board registered to sell 19 million STB coded shares [...]
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OCB gains 140b dong in Jan-May pre-tax profit

10-Jun-2010 Intellasia | OCB | 6:09 PM

Orient Commercial Joint Stock Bank (OCB) reported it earned 140 billion dong in pre-tax profit, total assets of 11.777 trillion dong, and total outstanding loans of 9.451 [...]
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