Archive for August 8th, 2011

VN Index slips to 396pts August 8

08-Aug-2011 Intellasia | HSX | HNX | 8:40 PM

After two gains, the VN Index of Hochiminh Stock Exchange (STC) returned to fall 4.47 points or 1.12 percent to 396.41 pts. The market saw 190 losers, 59 gainers and 52 [...]
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Sao Ta reaches $43.7m sale turnover in Jan-Jul

08-Aug-2011 Intellasia | FMC | 6:38 PM

Sao Ta Foods Joint Stock Co (FMC) has announced the business results for July and the first seven months of this year. Accordingly, in July, it processed 877 tonnes of frozen [...]
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SHTP attarcts 53 projects

08-Aug-2011 Intellasia | Cong An HCM City | 6:37 PM

In the first six months of this year, HCM City has granted licenses for seven new projects worth over $102 million and total additional capital for existing projects was $5 [...]
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Vietnam imports over 4m tonnes of steel in Jan-Jul

08-Aug-2011 Intellasia | Tuoi Tre | 6:37 PM

The country’s trade deficit of steel has no sign of improvement though the export turnover of steel in the first seven months of this year increased up to 44.2 percent [...]
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Techcombank assigned to serve $175m project

08-Aug-2011 Intellasia | SBV | 6:36 PM

The State Bank of Vietnam (SBV) on August 5 issued a decision assigning Vietnam Technological Commercial Joint Stock Bank (Techcombank) to serve “urban transport [...]
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Margin rates not to above 150pct of basic interest rate

08-Aug-2011 Intellasia | VTV | 6:31 PM

The State Securities Commission of Vietnam (SSC) held a meeting with securities companies on August 4 to finalise the draft regulations on margin trading which have been [...]
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FDI inflows to Vietnam shift to realty projects

08-Aug-2011 Intellasia | Dau Tu | 6:30 PM

Foreign direct investment (FDI) is now believed to be the only escape for Vietnamese businesses in real estate sector. Plenty of world’s large corporations are seeking [...]
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Monetary tightening should not stay for long

08-Aug-2011 Intellasia | VnEconomy | 6:28 PM

Drastic and comprehensive efforts missing in the fight against inflation, proposal for short-term implementation of monetary tightening and the like are among the most [...]
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Liberty to hike chartered capital to 649b dong

08-Aug-2011 Intellasia | Dau Tu Chung Khoan Page 18 | 5:43 PM

Shareholders’ extraordinary meeting of Que Huong Liberty Joint Stock Co (Liberty) recently agreed a plan to scale up its chartered capital from 320 billion dong to 439 [...]
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Vietnam’s rubber exports up 69 pct in value in first 7 months

08-Aug-2011 Intellasia | Vietnam News Agency | SME | 5:43 PM

During the first seven months of this year, Vietnam has exported 349,000 tonnes of rubber, earning $1.5 billion, rising 6.6 percent in quantity and 68.9 percent in value from [...]
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TienPhongBank posts over 180b dong pre tax profit in H1

08-Aug-2011 Intellasia | Dau Tu Chung Khoan Page 6 | 5:42 PM

Tien Phong Commercial Joint Stock Bank (TienPhongBank) has recently said that in the first six months of this year, it gained over 180 billion dong pre tax profit, up 16 [...]
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Singaporean investors invest over $23b in Vietnam in Jan-Jul

08-Aug-2011 Intellasia | Vietnamplus | 5:41 PM

As of July 2011, Singaporean investors have invested $23.2 billion in Vietnam and became the third largest foreign investor in the country. The figure was given at ceremony, [...]
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Asia stocks fall after US downgrade

08-Aug-2011 Intellasia | Market Watch | 5:04 PM

Asian shares dropped on Monday, with investors shaken after a US government debt downgrade, but stocks were off early lows amid signs that policy markers were willing to act [...]
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Seven killed in Cameron Highlands landslide in Malaysia

Seven killed in Cameron Highlands landslide in Malaysia

08-Aug-2011 Intellasia | AFP | 4:54 PM

The death toll from a landslide near Malaysia’s Cameron Highlands tourist spot rose to seven on Monday after the bodies of the last four missing victims were found, [...]
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2nd UPDATE: G-7 Pledges Coordinated Steps To Calm Financial Markets

08-Aug-2011 Intellasia | Wall Street Journal | Dow Jones | 4:52 PM

The Group of Seven industrial nations pledged Monday to take coordinated steps to ensure financial markets have sufficient liquidity and operate properly, seeking to quell an [...]
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