Archive for September 9th, 2010
Painting firm to allocates bonus shares at 8:1 ratio
The management board of Dong Nai Paining Joint Stock Co (coded SDN) would issue 168,705 bonus shares by the end of Sep 2010. Accordingly, the company would allocate bonus [...]
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Business briefs Sep 9
* Thac Ba Hydropower Joint Stock Co (coded TBC) has announced to adjust the ex-dividend session for shareholders to get 2009 dividend-the second phase on Sep 24, instead of [...]
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Stock market rebounds after two correction days
After two consecutive correction sessions, the stock market returned to surge. The investors became less worried when the State Bank of Vietnam (SBV) decided to adjust the [...]
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SPM to report revenue from pharmaceutical project by mid 2011
SPM Joint Stock Co (coded SPM) announced to carry out a pharmaceutical plant in Burma with total investment capital of about $20 million. The company expected to start [...]
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US dollar/dong exchange rate may rise to 20,800 by late 2011: Standard Chartered
The Standard Chartered forecast that the US dollar/dong exchange rate may stand at 19,900 dong per US dollar by the end of this year (higher than 19,600 dong/dollar in its [...]
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PetroVietnam securities firm gains Jan-August profit of 63.5b dong
PetroVietnam Securities Joint Stock Co (HNX-listed PSI) announced to gain accumulative pre-tax profit in first eight months of this year of 63.5 billion dong, after setting [...]
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Banks ignore Govt’s directive on interest rates
In contrast to the government’s directive and the State Bank of Vietnam’s expectations, deposit rates and lending in dong were not reduced quickly, but kept [...]
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Credit growth target unlikely to be achieved
Some banking experts said it would be difficult to complete the roadmap to lower deposit rates to 10.2 – 10.5 percent per annum by late September 2010. The credit [...]
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Lending in US dollar surpasses dong
In contrast to the slow growth of foreign currency mobilisation, lending activities in foreign currencies continued increasing strongly in August 2010 and put pressure on the [...]
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SMC to auction over 6m shares Sep 29
SMC Investment and Trading Joint Stock Co (coded SMC) has announced to auction over 6 million shares to public in order to raise capital. In details, the company would offer [...]
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Muong Kim hydropower plant joins national grid
Muong Kim hydropower plant, with designed capacity of 13.5 MW officially produced commercial electricity and joined the national power grid yesterday Sep 8, 2010. This is the [...]
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About 500b dong invested in residential area
HCM City Housing Investment and Trading Joint Stock Co yesterday held the ground-breaking ceremony for construction project of Thien Phu trading and residential area in Dak [...]
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VietBank inaugurates Huynh Tan Phat savings fund
Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank) has inaugurated Huynh Tan Phat Savings Fund situated at No 785 Huynh Tan Phat St, Phu Thuan Ward, Dist 7, HCM City, [...]
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SeABank opens nine new transaction points
On the occasion of celebrating the 1,000th anniversary of Thang Long-Hanoi, on Sep 9, Southeast Asia Commercial Joint Stock Bank (SeABank) officially opened nine transaction [...]
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OCB allowed to raise chartered capital to 3.1tr dong
Orient Commercial Joint Stock Bank (OCB) has got approval from the State Bank of Vietnam (SBV) to increase chartered capital from two trillion dong to 3.1 trillion dong in [...]
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