Archive for July 2nd, 2012
Business Briefs July 2
* SSI Asset Management Co., Ltd (SSIAM), a major shareholder of Vietnam Blue-chips Fund (VFMVF4), failed to trade 2 million fund certificates by June 27 due to unmatched [...]
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Nam Cuong Group to build 32.2ha resort area
Nam Cuong Group Joint Stock Co has recently got approval from People’s Committee of the southern province of Kien Giang to invest in Phu Quoc-Nam Cuong high-class [...]
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Gas price drops 36,000 dong/12kg cylinder from July 2
From early morning July 2, local gas retail price dropped 36,000-37,000 dong/12kg cylinder, following the sharp downward trend of gas price in the world market, according to [...]
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Vietnam’s cashew export earns $666m in H1/2012
In June alone, Vietnam exported additional 20,000 tonnes of cashew, lifting the total export volume in Jan-Jun to 97,000 tonnes, earning an export turnover of $666 million [...]
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Another foreign fund sees NAV fall in May
Till May 31, 2012, the net asset value (NAV) of Deutsche Bank-managed DWS Vietnam Fund declined 2.6%, to reach $239.13 million, equalling to $0.4911 per fund certificate and [...]
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Indonesia-based Mandiri Bank plans to open branch in Vietnam
Indonesia-based Mandiri Bank is planning to open its branches in three member countries in Association of Southeast Asian Nations (Asean) namely Vietnam, Burma and Thailand, [...]
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Vietnam’s export to Burma surges 30.2pct in Jan-May
Figures from general Department of Vietnam Customs showed that bilateral trade between Vietnam and Burma in Jan-May was estimated at $90 million, rising 35.8 percent from the [...]
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Inventory index up 26pct y-o-y in first six months
Vietnam’s inventory index in the first six months of this year is estimated to have risen 26 percent over the same period last year due to economic slowdown (the [...]
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Foreign direct investment witnesses year-on-year decline
Foreign direct investment (FDI) has recently witnessed a year-on-year decline that may be inevitable given the global gloomy economic outlook and the ambition to raise [...]
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Enterprises anticipate business shrink due to weak domestic demand
86.3pct of surveyed enterprises said that the acceptable interest rate would not exceed 15pct per year and 72.2pct of asked firms would admit the maximum lending rate of only [...]
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Importance of a debt trading company underlined
“Temporary issuance of 100 trillion dong that would be withdrawn from circulation after completing debt collection, should not be approved”, said MA. Nguyen Xuan [...]
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Asia stocks gain but trade off early highs
Asian shares rose Monday, buoyed by lingering upbeat sentiment around Europe’s bank plans and subsequent US gains, but with many markets off their earlier highs. [...]
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Vietnam’s seafood export to Japan surges sharply in Jan-May
Recently announced statistics from general Department of Vietnam Customs stated that in the first five months of this year, Vietnam’s seafood export turnover to Japan [...]
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DNP aims profit of 6.8b dong in 2012
Dong Nai Plastic Joint Stock Co (coded DNP) held the annual general meeting (AGM) on June 30, 2012, in which the management board released the 2012 business plan with [...]
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Over 19m VIS-coded shares to be floated on STC
Hochiminh Stock Exchange (STC) has lately released announcement No 618/2012/TB-SGDHCM dated June 29, 2012 regulating listing and trading the additional shares of Vietnam [...]
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