Archive for December 29th, 2010

Molycorp shares yoyo on China rare earth quota cut

29-Dec-2010 Intellasia | Reuters | 9:03 PM

Shares of rare earth mining company Molycorp Inc (MCP.N) rose as much as 11.6 percent on Tuesday after China announced new cuts in exports of the minerals, the latest step in [...]
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Lynas shares jump Over 10 pct on Chinese rare earths quota cut

29-Dec-2010 Intellasia | Reuters | 9:02 PM

Shares of Australian rare earths miner Lynas Corp jumped over 10 percent in early trade on Wednesday after China cut its export quotas for rare earth minerals by more than 11 [...]
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Petrovietnam to build $1.2b thermal power plant

29-Dec-2010 Intellasia | Reuters | 9:00 PM

Vietnam’s state oil and gas group Petrovietnam said it would start building a $1.2-billion coal-fired power plant in early January in the country’s southern [...]
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Red colour returns on both northern and southern floors

29-Dec-2010 Intellasia | AtpVietnam | 8:40 PM

Despite starting the trading session with positive signals, both northern and southern floors ended today session in red colours, witnessing a point-losing trading session. [...]
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PVI Invest starts new projects in 2011

29-Dec-2010 Intellasia | Dau Tu Chung Khoan page 6 | 8:39 PM

Le Hong Ha, vice general director of PVI Investment and Development Joint Stock Co (PVI Invest) has lately announced that in 2010, the company reported reaching accumulative [...]
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Vietnam bank credit growth concentrates on SMEs in 2010

29-Dec-2010 Intellasia | Thoi bao Kinh Te Vietnam | 8:39 PM

In 2010, the credit growth of the Vietnamese banking system is estimated to have reached 27.65 percent (excluding the increases of exchange rates and gold price), according [...]
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VRC expects to gain 2010 profit of 96b dong

29-Dec-2010 Intellasia | Dau Tu Chung Khoan page 5 | 8:38 PM

Vung Tau Construction and Real Estate Joint Stock Co (coded VRC) estimated to reach over 96 billion dong of pre-tax profit in 2010, equivalent to 120 percent of the year [...]
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Deutsche Bank AG becomes shareholder in pharmaceutical firm

29-Dec-2010 Intellasia | Thoi Bao Kinh Te Vietnam page 10 | 8:37 PM

Hochiminh Stock Exchange (STC) announced on December 27 that Deutsche Bank AG London officially became the large shareholder in Vien Dong Pharmaceutical Joint Stock Co (coded [...]
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Mineral firm advances first round dividend in cash

29-Dec-2010 Intellasia | Thoi Bao Kinh Te Vietnam page 10 | 8:37 PM

The northern bourse-listed Ha Giang Mechanical and Mineral Joint Stock Co (coded HGM) announced to close the shareholders list on December 31, 2010 for advancing first round [...]
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Vietnam central bank proposes tasks for banking sector in 2011

29-Dec-2010 Intellasia | State Bank of Vietnam | 8:37 PM

The State Bank of Vietnam has issued a press release about the banking operation report of the banking sector in 2010 and tasks in 2011. According to SBV, the evolution of [...]
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Should there be gold-denominated bonds?

29-Dec-2010 Intellasia | Dau Tu Chung Khoan | 8:36 PM

Gold, in Vietnam, has long been considered as a storage asset of most people. Therefore, before the rise of gold price and exchange rates in the recent time, as well as the [...]
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Foreign insurers dominate local ones

29-Dec-2010 Intellasia | Lao Dong | 8:35 PM

Foreign firms are dominating insurance market, including life insurance and non-life insurance areas. Notably, this is also the tendency of the coming years, which means this [...]
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Thuan Thao JSC invests 200b dong in Cau River northeast IZ

29-Dec-2010 Intellasia | Vietstock | 8:34 PM

Southern bourse-listed Thuan Thao Joint Stock Co (coded GTT) has recently received approval to carry out a project of building infrastructure for Cau River northeast [...]
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Ma San group to buy nearly 6m Techcombank’s convertible bonds

29-Dec-2010 Intellasia | Vietstock | 8:34 PM

Hochiminh Stock Exchange-listed Ma San Group Joint Stock Co (coded MSN)’s director board recently approved a plan to buy 5,964,491 convertible bonds issued by Vietnam [...]
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Indovina Bank hikes chartered capital to $165m

29-Dec-2010 Intellasia | Vietstock | 8:33 PM

The State Bank of Vietnam (SBV) on December 27 issued a decision allowing Indovina Bank Ltd to increase its chartered capital from $125 million to $165 million. Of which, the [...]
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