Archive for July 12th, 2012
Business Briefs July 12
* The Hochiminh Stock Exchange has told Fecon Foundation Engineering & Underground Construction Joint Stock Company to complete necessary listing procedures to trade over [...]
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mergermarket League Tables of PR Advisers H1 2012
• Global M&A in H1 2012 at $ 968.5bn, down 18.3 percent on same period last year • Q2 2012 total of $ 536.3bn, reverses five consecutive quarterly declines • US H1 [...]
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Bad debts at HCM City-based banks on the rise
Non-performing loans (NPLs) ratio at HCM City-based banks in the first six months of this year was 6.3 percent (it was 5.3 percent in April), much higher than that in the end [...]
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Difficult first half of 2012 for Vietnamese economy
Vietnam ended the first half of 2012 with GDP growth rate of only 4.38 percent with the deflation fear. However there are some bright spots. At the end of the first six [...]
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SBV’s directive on bad debts infective
In the context of rising bad debt, from the end of April, 2012, the State Bank of Vietnam (SBV) has instructed commercial banks to restructure debts in order to escape from [...]
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HSBC: Vietnam enterprises’ trade reliability index stable
The e international bank HSBC in the latest report on 10 July noted that index of trade reliability of Vietnamese enterprises remained stable at 115 points. As 80pct of the [...]
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IMF urges Vietnam to speed up restructuring of banking sector
The International Monetary Fund (IMF)’s Managing Board highly praised efficiency of the government’s austerity macroeconomic policies as well as increased [...]
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Interest rates of existing loans lowered to 15pct at most
Several commercial banks announced early on 11 July interest rate relaxation for existing loans as per Governor of the State Bank of Vietnam (SBV)’s request. VietinBank [...]
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SBV calls for concentrating on capital disbursement in Q3
As directed by the State Bank of Vietnam (SBV), it is necessary to ensure the reasonable disbursement of public investment capital, concentrating more on clearing the [...]
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Banks working out strategies to achieve 8-10 pct credit growth
One of the key missions of banking industry in the last 6 months is how to reach 8-10 percent credit growth. It means that from now on, the monthly credit growth must reach [...]
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Asia stocks fall ahead of BOJ decision, China data
Asia stock benchmarks fell Thursday, as hopes of fresh stimulus efforts from the US diminished, and investors remained cautious ahead of key growth data from China on Friday. [...]
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SGX and LSE Sign Cross Trading Agreement
Singapore Exchange (SGX) announced today that it has signed a Memorandum of Understanding (the “Agreement”) with London Stock Exchange (LSE) to jointly develop [...]
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Mao Khe thermo power plant joins national grid
The first turbine of Mao Khe thermo power plant with an expected capacity of 220 MW has officially joined the national grid, according to the management board of Mao Khe [...]
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PAN raises holding in AGF to 10.58pct stake
From July 10, Pan-Pacific Joint Stock Co (coded PAN) holds 1.36 million AGF-coded shares of An-Giang Fishery Import & Export Joint Stock Company (AGIFISH), equalling to [...]
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Lending interest rate for old loans remains high
As reported by many enterprises, the lending interest rates for old loans are still at 17-20 percent per year and it has not been adjusted down yet. Recently, many banks [...]
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