Archive for July 23rd, 2012
Business Briefs July 23
* Beton 6 Corporation (BT6) has established Beton 6 Construction Institute in Binh Duong Province with total chartered capital of VND5 billion. * Southern Seed Corporation [...]
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Review on EVN’s restructuring roadmap
Deputy prime minister Hoang Trung Hai has recently asked the Ministry of Industry and Trade (MoIT) to review the restructuring roadmap of Electricity of Vietnam Group (EVN) [...]
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Vinalines posts over 1.4tr dong loss in H1/2012
Vietnam National Shipping Lines Corp (Vinalines) has recently organised a preliminary meeting on operation situation in the first six months of this year with revenue of [...]
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TAS posts loss for sixth consecutive quarter
Trang An Securities Joint Stock Co (coded TAS) has announced its second quarter financial report in 2012 with a loss of over three billion dong, marking six straight quarters [...]
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Techcombank reduces lending interest rate for old loans
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has announced that they will lower the interest rate for all the old corporate loans to below 15 percent [...]
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VIB signs credit agreement with FMO
Vietnam International Commercial Joint Stock Bank (VIB) has recently signed a credit agreement with Netherlands Development Finance Co (FMO) whereby VIB will have more [...]
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Hanoi’s export turnover in July down 1.1pct month on month
Hanoi’s export turnover in July 2012 is estimated to have reached about $987 million, down 1.1 percent from the previous month and 0.3 percent over the same period last [...]
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About 6.6tr dong to be allocated yearly for electricity price
At the press conference held by Electricity of Vietnam Group (EVN) on late July 20, Dinh Quang Tri, EVN’s deputy general director said that about 6.6 trillion dong will [...]
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Rental of Hanoi hotels on decline
Visitors to Hanoi have apparently spent less on renting hotel rooms and the average rental has also been on the decline since 2009. The demand for Hanoi hotels has currently [...]
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Foreign capital pours into government bonds
General director of Hanoi Stock Exchange (HNX) Tran Van Dung said that the first half of the year saw remarkable increase in transaction value and volume of government bonds [...]
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Foreign exchange rate needs monitoring
Early July, the State Bank of Vietnam (SBV) again declared that this year foreign exchange rate would fluctuate between 2pct and 3pct. The deputy Governor said the [...]
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China to help overseas listed firms return home
China Development Bank (CDB) and its investment subsidiary plan to help Chinese companies listed overseas go private and relist on domestic or Hong Kong bourses. The policy [...]
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Murdoch leaving News Corp. subsidiary boards
News Corp. Chair Rupert Murdoch is resigning from several of his subsidiary boards in preparation for an eventual split of the company’s publishing entities from the [...]
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Navibank: bad debts ratio at nearly 4pct, profit at 91.5b dong in H1/2012
Nam Viet Commercial Joint Stock Bank (Navibank-NVB) has recently reported its unconsolidated business performance in the second quarter of 2012 whereby the lender’s net [...]
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Eximbank earns profit of 1.392tr dong in Jan-June period
Vietnam Export Import Commercial Joint Stock Bank (Eximbank-EIB) has recently reported its unconsolidated fiscal statement in the second quarter of 2012. Eximbank’s net [...]
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