Archive for August 6th, 2010
Stock market ends week down
The last trading session this week (today August 6) started with blue on the electronic trading table, but it quickly turned into the red because of the weak demand and [...]
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Business briefs August 6
* State Securities Commission of Vietnam agreed Vietnam Construction and Import-Export Corporation (VCG) would offer 113.19582 million shares to the existing shareholders to [...]
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Imbalance in bank deposit and lending growth
The growth rate of total payment means, credit and mobilised capital of the commercial banking system continued to rise in July, according to the report on socio-economic [...]
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23 Banks submit plan to raise chartered capital
Twenty-three commercial banks that have capital of less than three trillion dong have submitted their plan to increase capital to the State Bank of Vietnam (SBV). These banks [...]
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Careful considerations needed when applying for instalment loans
Many banks and credit institutions have been offering various incentive programmes to promote consumer loans. However every thing is not rosy. Due to lack of information [...]
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Quality of credit should be prioritised instead of credit balance
Lending rate could not be lowered to below 12 percent per annum, said Dr Nguyen Quang A, former president of Institute of Development Studies (IDS). This is because tools to [...]
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Stock market keeps downturn
The last trading session this week (August 6) started with blue on the electronic trading table, but it quickly turned into the red because of the weak demand and strong [...]
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Cotecland to raise to 200b dong of chartered capital in October
Cotecland JSC (CLG) would issue shares to raise chartered ccapital to 200 billion dong in next October. This is part of the company’s plan to raise to one trillion dong [...]
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Thuan Thao inaugurates high ranking villa area
Thuan Thao JSC (GTT) inaugurated high ranking villa area in Resort and Spa Golden Beach with total investment capital of 350 billion dong. The 80,000 square metre-areas have [...]
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Southeast Asia biggest stainless steel mill to be built in Vietnam
Inox Hoa Binh Joint Stock Co (under Hoa Binh Group) and Bank for Investment and Development of Vietnam (Bidv)’s Cau Giay branch on August 5 signed a credit contract [...]
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Thanh Cong trade firm borrows $7m from E-Land for investments
Thanh Cong Trade Investment Garment and Textile Joint Stock Co (coded TCM)’s director board recently issued a resolution on borrowing capital from E-Land to invest in [...]
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180b dong invested in prefabricated concrete building components factory
PMU of industrial zones in the central province of Quang Ngai on August 5 granted investment certificate to Thai Bao Quang Ngai Concrete Joint Stock Co to invest in Thai Bao [...]
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Formosa group pours extra $7b in Vung Ang EZ
Taiwan-based Formosa Group will pour extra $7 billion to raise its investment in the Vung Ang Economic Zone from $16 billion to $23 billion, Ngo Quoc Hung, the group’s [...]
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CMC offers 3.16m shares
CMC Investment JSC announced to offer 3.16 million shares priced 15,000 per share on August 5. Accordingly, the company issued the shares to raise charter capital from 30.4 [...]
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Bidv insurance arm raises 129.22b dong from IPO
Hanoi Stock Exchange (HNX) has recently announced the share auction results of Bank for Investment and Development of Vietnam (Bidv) Insurance Co (BIC) held on August 5 via [...]
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