Archive for July 24th, 2012
Business Briefs July 24
* The State Treasury will auction VND5.5 trillion worth of two, three, five and 10-year government bonds on July 27. Meanwhile, Vietnam Bank for Social Policies could not [...]
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Ben Thanh Corp reduces holding in HTC
Hoc Mon Trade JSC (coded HTC) has recently announced the trading results of its majority shareholder namely Ben Thanh Group (BTG) whereby BTG sold 110,000 shares of the total [...]
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MBS’s accumulated loss touches 550b dong in H1/2012
MB Securities JSC (coded MBS) has recently announced its business results for the second quarter of 2012 with revenue of 76.7 billion dong, down 65pct compared with the same [...]
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SaigonBank to offer 46.6m shares
State Securities Commission of Vietnam (SSC) on July 23, 2012 issued Certificate No 29/GCN-UBCK allowing Saigon Bank for Industry and Trade (Saigonbank) to offer 46.6 million [...]
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Foreign majors eye e-commerce sector
If there are no effective supporting policies, E-commerce sector in Vietnam can be the playground for foreign investors in the next three years. Some brand names like eBay, [...]
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Total NAV of three VFM funds surges over 75b dong in Q2/2012
Vietnam Fund Management Joint Stock Co (Vietfund Management-VFM) has recently reported the operation performance of Vietnam Securities Investment Fund (VFMVF1), Vietnam [...]
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Non-state enterprises make up 50pct of economy’s tax debts
The general Department of Taxation of Vietnam said non-state enterprises accounted half of the total 51,024 billion dong tax debts of the whole economy, up 37pct over the end [...]
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ACB adjusts lending interest rate for customers
Since July 15, 2012, Asia Commercial Joint Stock Bank (ACB) has started adjusting down the lending interest rate for old loans to the maximum 15 percent per year. Till July [...]
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Three banks likely to achieve big credit growth
Despite the modest 0.76 percent credit growth over the six beginning months against the end of last year, many credit institutions have met the targets and even enjoyed [...]
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Mounting business difficulties and modest profits may hit salaries of bank clerks
Among eight listed commercial banks, employees at ACB have enjoyed the highest monthly income of above 15.6 million dong, followed by Vietcombank’s. Given the after-tax [...]
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Excessive injection for public investment can trigger inflation
Minister, Chair of the Office of the government Vu Duc Dam affirmed at the government’s periodical meeting May 2012 that the currently enormous room for public [...]
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ANZ predicts economic recovery in second half of this year
ANZ has forecast rosy picture for Vietnam with likely recovery in the second half of 2012 thanks to improved credit growth on interest rate relaxation in the early months. [...]
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Asian Hospital Management Awards 2012 Finalists Announced
The Ministry of Health Vietnam in cooperation with the organisers, announced today the 35 finalists of the Asian Hospital Management Awards. The finalists were chosen out of [...]
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Dot Commodity to Enhance Low Latency Access to TOCOM on X_TRADER(R) Platform
Dot Commodity, Inc. (Dot), Japan’s premier commodity futures broker, is pleased to announce the launch of a low latency connectivity service to the Tokyo Commodity [...]
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DTZ Research: Ho Chi Minh property market to soften through 2012
Demand for office space has remained largely stable over Q1 and Q2, but pipeline supply and slower economy forecast to depress rents Pipeline supply of retail space and [...]
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