Archive for July 11th, 2012
Business Briefs July 11
* Vietnam Bank for Social Policies failed to offer any of VND2 trillion worth of three- and five-year government-backed bonds through an auction yesterday. * Vietnam [...]
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Completed housing projects in Hanoi attracting buyers: Knight Frank
Home buyers are now mostly in the real needs and are looking for apartments worth from 800 million dong to 2.5 billion dong, covering area of 50-90 m2, according to Knight [...]
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HRC reaps 64b dong revenue in Jun
Hoa Binh Rubber Joint Stock Co (coded HRC) has recently said that June, the company sold 895 tonnes of rubber latex at an average price of nearly 71.6 million dong/tonne, [...]
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Song Da Group posts 106.3b dong profit after first six months
During the first half of this year, Song Da Group Joint Stock Co reached total business and production value of 31.486 trillion dong, or 47 percent of the year’s plan [...]
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Westernbank reduces highest saving rate to 12pct/yr
From July 10, Western Commercial Joint Stock Bank (Westernbank) continued to reduce its highest saving rate from 12.5 percent per year to 12 percent per year since launching [...]
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Licogi Corp to make equitisation in H2/2012
In the first six months of this year, Urban Infrastructure Development and Construction Corp (Licogi) reported gaining 3.616 trillion dong revenue, or 48 percent of the [...]
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HCM estimates profit of 204b dong in H1/2012
HCM City Securities Joint Stock Co (coded HCM) has said that in the first six months of this year, it gained about 330 billion dong revenue and 204 billion dong pre tax [...]
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AGR reports 67b dong after tax profit in H1/2012
Vietnam Bank for Agriculture and Rural Development (Agribank)’s Securities JSC (Agriseco-AGR) has reported its performance for the first half of this year with about 67 [...]
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VCBS estimates 35b dong profit in H1/2012
In the first six months of this year, Vietnam Commercial Joint Stock Bank for Foreign Trade (Vietcombank-VCB)’s Securities JSC (VCBS) estimated to obtain about 35 [...]
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Car import drops 4.6 pct month on month in June: VAMA
As reported by Vietnam Automobile Manufacturers’ Association (VAMA), in June, car sales reached 6,555 units, down 4.6 percent from the previous month and 43 percent [...]
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Soaring bad debts of Hanoi-based banks to hurt stability of financial system
Sky-high interest rates could discourage business expansion and soaring bad debts would hurt financial system stability, said the report on socioeconomic outlook for the [...]
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Vietnam banks increase overlap-ownership
The appointment of new general directors of three commercial banks this week has drawn much attention and also implied private ownership transfer in the banking industry. [...]
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Moody downgraded SHB’s credit ratings on merger with Habubank
The credit rating agency, Moody’s Investors Service, on July 9 remained the credit rating of Sai Gon – Hanoi Commercial Joint Stock Bank (SHB) at B2 for [...]
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Asia stocks mostly fall in choppy session
Asia stock markets traded mostly lower Wednesday, as investors digested fresh comments from Chinese Premier Wen Jiabao ahead of key economic releases, while lingering concern [...]
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SXC and Anton Kreil – ‘The First Trade in Space’
Dutch Space Tourism company, Space Expedition Corporation (SXC) and world-renowned financial markets trader Anton Kreil are about to make a giant financial leap and go one [...]
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