Archive for August 23rd, 2010

Business Briefs August 23

23-Aug-2010 Intellasia | | 8:07 PM

* Thanh Cong Textile Garment Investment Trading Joint Stock Company (coded TCM) announced trading shares of company’s shareholders. Accordingly, E-Land Asia Holding [...]
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Gloomy transaction, VN Index loses threshold of 450pts

23-Aug-2010 Intellasia | AtpVietnam | 8:05 PM

The markets continued its downtrend during August 23 session when the VN Index lost the threshold of 450 points for the second time in the past two weeks. The previous [...]
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SBV’s exchange rate adjustment may help in curbing trade deficit

23-Aug-2010 Intellasia | Lao Dong Online | 8:04 PM

From August 18, 2010, the State Bank of Vietnam (SBV) adjusted the dong/dollar exchange rate from 18,544 to 18,932 dong per US dollar (dong was devalued by 2.1 percent [...]
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Some banks break the consensus level on deposit rates

23-Aug-2010 Intellasia | Lao Dong Online | 8:03 PM

Not only massively launching high-value promotion programmes to attract capital into banks, some banks also quietly increased deposit rates and crossed the previously agreed [...]
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Thermal power firm posts 9.4b dong of progressive profit in July

23-Aug-2010 Intellasia | Dau Tu Chung Khoan page 6 | 6:19 PM

Ninh Binh Thermal Power Joint Stock Company announced earning 58.5 billion dong in revenue and 9.4 billion dong in pre-tax profit in July, said Nguyen Tho Tiem, announcer of [...]
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Korean licensed to build $12m textile factory

23-Aug-2010 Intellasia | Dau Tu page 2 | 6:19 PM

Thanh Hoa province people’s committee granted an investment licence to Korean-based SAE-A Co Ltd to construct Winners Vina textile factory in an area of 80,000 square [...]
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Vinaconex12 targets gaining 4b dong in Q3

23-Aug-2010 Intellasia | Dau Tu Chung Khoan page 6 | 6:18 PM

Construction Joint Stock Company No 12 (Vinaconex – coded V12) plans to gain over four billion dong in the third quarter of this year, said Nguyen Huu Toi, director [...]
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Vinavico to list 8m shares on HNX

23-Aug-2010 Intellasia | Dau Tu Chung Khoan page 18 | 6:18 PM

The northern bourse has got in principle for listing eight million shares of Vinavico Mining and Construction Investment Joint Stock Co (coded CTM) with total value of 80 [...]
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Hanoi to fund 2tr dong for establishing Land Development Fund

23-Aug-2010 Intellasia | Thoi Bao Kinh Te Vietnam page 3 | 6:17 PM

Hanoi City People’s Committee has approved the contents of establishing the city’s land development fund with total capital of five trillion dong within the [...]
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Hanoi intl’ trade dips in August

23-Aug-2010 Intellasia | Thoi Bao Kinh Te Vietnam page 1 | 6:17 PM

Hanoi’s import-export turnover in August was announced to slightly drop by 0.1 percent over the previous month. Among the groups of commodities for export, coffee saw [...]
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Construction of National Highway No 6 Tuan Giao-Lai Chau starts

23-Aug-2010 Intellasia | Dau Tu page 2 | 6:16 PM

Ministry of Transport has announced that from now up to the end of August, 14 of the 15 bidding packages of the construction and upgrading National Highway No 6, from Tuan [...]
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Berjaya Land Berhad not to offload shares of a five-star hotel

23-Aug-2010 Intellasia | Dau Tu page 1 | 6:15 PM

The Malaysian real estate trader of Berjaya Land Berhad Co has decided not to sell 75 percent of the shares in the five-star hotel of Intercontinental Hanoi Westlake after a [...]
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Tate & Lyle Group to withdraw investment from Vietnam

23-Aug-2010 Intellasia | Dau Tu page 1 | 6:15 PM

The UK-based Tate & Lyle Group has revealed that it would withdraw investment from Vietnamese markets in the near future. At present, the group is making capital [...]
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Vinatex to invest $58.5m for upgrading technologies

23-Aug-2010 Intellasia | Dau Tu | 6:15 PM

Vietnam Garment and Textile Group (Vinatex) plans to invest $58.5 million or nearly 1.1 trillion dong in upgrading the technologies, in order to create dramatic changes in [...]
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VIB funds 1.5tr dong for wooden processing firms

23-Aug-2010 Intellasia | Dau Tu page 3 | 6:14 PM

Vietnam International Commercial Joint Stock Bank (VIB) has conducted supporting programme with preferential terms for enterprises in wood-processing sectors in order to [...]
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