Archive for June 14th, 2012
Business Briefs June 14
* Vietnam Securities Investment Fund (VFMVF1) has announced its net asset value per unit by June 7 at VND15,814, rising by VNDl50 against the previous week. * Ninh Hoa Sugar [...]
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VPBank earmarks 1.9tr dong to lend for house and car purchases
Vietnam Prosperity Commercial Joint Stock Co (VPBank) has recently announced to reduce the lending interest rate to 12 percent per year for all loans to buy car and house. [...]
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SCB raises dong deposit interest rate by 2pct/yr for long terms
Since the afternoon June 13, Saigon Commercial Joint Stock Bank (SCB) adjusted up dong deposit rate by additional 2 percent per year for long terms whereby the highest level [...]
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Dong deposit rate hits 13.5pct/yr mark
In Western Commercial Joint Stock Bank (Western Bank)’s common deposit interest rate benchmark, effective from June 14, 2012, the highest saving rate in dong is up to [...]
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Gold deposit rate dips sharply
Commercial banks have synchronously lowered strongly gold saving rate and cut down saving terms although banks are forced to terminate gold mobilisation operations from [...]
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Interbank interest rates surge sharply
Data of Reuters showed that on June 13, the interbank interest rate continued strong increases whereby the overnight interest rate surged to 5.5 percent per annum (p.a.), [...]
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Vietnam’s Jun CPI likely to fall after 40-month rise
Vietnam’s consumer price index (CPI) in June is forecast to fall from the previous month, according to the local newswire NDHMoney. Thus, CPI may fall after about 40 [...]
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VNPT awaits prime minister’s decision on restructuring
Reorganisation of Vietnam Posts and Telecommunications Group (VNPT) is yet to be kicked off awaiting the prime minister’s decision on corporation restructuring, said [...]
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Interest rate cuts help real estate projects to re-start
Continued interest rate cuts along with soft policies on capital channelling into the economy have breathed new life into the property market. Recently, several HCM [...]
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Four giants’ hold stocks worth 29.505tr dong, much higher than bailout package
Four giants on the stock market now hold stocks worth of some 29,505 billion dong which is much bigger the government’s fiscal and monetary bailout package to ease [...]
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Asia stocks retreat ahead of key Europe events
Asian shares staged a retreat on Thursday, with Italy due to auction more debt later in the day, Spain under the threat of more downgrades, and weekend elections in Greece [...]
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8 dead, 63 missing as typhoon approaches Philippines
Eight people have been confirmed killed and 63 more are missing as Tropical Storm Guchol moved nearer to the Philippines on Thursday. As of 5 a.m., “Guchol” was [...]
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The Technology Marketplace Where Vietnam Retools for the Future
Established since 2005, MTA VIETNAM has been manufacturers’ choice procurement ground as the event provides an essential platform for key industry players to explore [...]
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Phong Phu Corp to offer 10m shares
The State Securities Commission (SSC) on June 12 granted certificate to Phong Phu Joint Stock Corp to offer 10 million shares at the face value of 10,000 dong per share. Of [...]
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Vietcombank offers car loans at 15.8pct/yr
From now till September 15, 2012, individual customers wishing to buy cars at Truong Hai Co can borrow capital at Vietnam Commercial Joint Stock Bank for Foreign Trade [...]
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