Archive for June 8th, 2012
Business Briefs June 8
* Sonadezi Long Thanh Shareholding Company (SZL)’s Board of directors decided to pay 2011 second cash dividend at VND800/share on July 2, according to the Board’s [...]
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Vietnam’s seafood export turnover forecast to exceed $6.8b in 2012
In its latest forecast on Vietnam’s seafood export turnover in 2012, Vietnam Ministry of Agriculture and Rural Development said that the country’s seafood export [...]
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Additional 4,100 enterprises shut down operations in May
Answering the press on the sidelines of National Assembly meeting (on June 7), minister of planning and investment, Bui Quang Vinh, said that in the first four months of this [...]
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Yield of G-bond slips to below 10pct pa
Hanoi Stock Exchange (HNX) on June 7 organised a tender for government-backed bonds issued by Vietnam Development Bank (VDB). Particularly, the offered volume was two [...]
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Large banks lower dong deposit and lending interest rates
Vietnam Commercial Joint Stock Bank for Foreign Trade (Vietcombank-VCB) on June 7 suddenly lowered the deposit interest rate in dong for almost all terms except demand [...]
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Vietnam central bank pumps a whopping 180tr dong in market since early 2012
Since early 2012 so far, the State Bank of Vietnam (SBV) has pumped a whopping amount of capital to the market, the central bank’s governor Nguyen Van Binh said at the [...]
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Viettel likely to set up two corporations by 2015
Viettel is likely to set up two corporations by 2015, Tong Viet Trung, deputy general director of Viettel Telecom Group was quoted as saying at the conference [...]
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Cement market gloomy as consumption experiences decline
Cement inventories have now surged to the record high of 3.5 million tonnes whereas first five-month consumption has experienced a 10 percent year-on-year decrease over 2011 [...]
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Large bank shares attracting attention of investors
Recently, much attention has been given to mergers and acquisitions between Eximbank (EIB) and Sacombank (STB), Saigon Hanoi Commercial Bank (SHB) and Habubank (HBB). Also, [...]
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Asia stocks fall sharply after recent gains
Asian shares fell sharply Friday, after China unexpectedly cut interest rates to shore up its economy and the US remained silent about the prospect of adding to its monetary [...]
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Online petitioners seek probe into China dissident death
Online petitioners stepped up pressure on China on Thursday to investigate the death in hospital of a labour activist after spending more than 22 years in jail for his role [...]
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Singapore’s Water Industry Doubles to 100 Companies
Since being identified as a strategic growth industry in 2006, Singapore’s water sector has experienced rapid growth, with the total number of companies doubling from [...]
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Electricity loss touches 11pct of total electricity production
Electricity of Vietnam Group (EVN)’s report on electricity supply situation in the first five months of 2012 stated that the electricity loss was over 5.3 billion kWh, [...]
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Bidv’s bad debts ratio at 3pct as of end of Q1/2012
Bank for Investment and Development of Vietnam (Bidv) has recently announced its consolidated fiscal statement for the first quarter of 2012 with a slight fall in net [...]
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Dong deposit rate cap to be cut to 9pct from Jun 11: Governor
The State Bank of Vietnam (SBV) will cut dong deposit interest rate cap by another 2 percent to 9 percent per annum (p.a.) from June 11, the local newswire VnEconomy cited [...]
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