Archive for July 30th, 2012
Connell Brothers Invests in Three New Facilities in Asia-Pacific
Connell Brothers, the largest marketer and distributor of specialty chemicals and industrial ingredients in Asia-Pacific, has increased its infrastructure and facility [...]
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Fruit Flies Light the Way for A*STAR Scientists to Pinpoint Genetic Changes that Spell Cancer
By studying fruit flies, scientists at A*STAR’s Institute of Molecular and Cell Biology (IMCB) have successfully devised a fast and cost-saving way to uncover genetic [...]
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Business Briefs July 30
* Ben Thanh Corporation has registered to buy 110,000 shares of Hoc Mon Trade Company (HTC) from today to August 3. * The Hanoi Stock Exchange yesterday announced a delisting [...]
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ACE to pay 10pct cash dividend
Vietnam Securities Depository Centre (VSD)’s HCM City branch has recently announced about the dividend payment of An Giang Centrifugal Concrete Joint Stock Co (coded [...]
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Banks benefitting from interest rate gap
With lending interest at 15%/year and deposit interest of only 9%/year, the banks are enjoying a difference of 6%/year. According to a banking specialist, assuming that with [...]
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Interest rate may fall to 8pct/yr by end of the year: governor
If economic growth is stable and inflation remains under control, the deposit interest rate by the middle of 2013 may be at 7%/year and the lending rate would be about [...]
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Vietnam far behind other Asean nations in economic parameters
In spite of fast growth in the last 20 years, Vietnam still is still to catch up in economic parameters with other countries in the Association of Southeast Asian Nations [...]
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Need for regulations on taxation and accounting systems for open-ended funds stressed
Apparently, the Ministry of Finance’s Circular that came out in late 2011 guiding open-ended fund establishment and management has started to attract attention. Some [...]
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Insufficient safe investment channels, decreasing interest rates hit insurance companies
Insufficient safe investment channels together with decreasing interest rates have affected the insurance companies. General director of Vietnam National Reinsurance [...]
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Soaring bad debts a big problem, says Le Xuan Nghia
The statistics from the State Bank of Vietnam (SBV) revealed credit growth of as low as 0.76pct over the first half of the year whereas the year target is 15pct-17pct. Should [...]
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Hanoi to have 1,500 houses for low income earners at 300-500m dong/unit
Viglacera Corp on July 29 inaugurated nearly 1,000 apartments for low income people and is all set to start work on another 1,500 apartments for low income earners in Dang Xa [...]
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Minh Phu seafood processor gains 256.5b dong profit in Q2/2012
Minh Phu Seafood Group Joint Stock Co (coded MPC) has recently reported its unconsolidated business performance for the second quarter of 2012 with net revenue of 2.107 [...]
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SD9 targets 13.5b dong pre tax profit in Q3/2012
Song Da 9 Joint Stock Co (coded SD9) has recently announced the resolution of the director board on July 23 and reported its business results in the second quarter of 2012 [...]
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Vinamilk to pay first round dividend of 2012
Vietnam Dairy Products Joint Stock Co (Vinamilk-VNM) has recently announced the resolution of the director board about dividend payment for the first round of 2012 at 20%, [...]
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First Commercial Bank’s Hanoi branch to hike chartered capital
The State Bank of Vietnam (SBV) on July 27 issued a dispatch allowing First Commercial Bank’s Hanoi branch to increase chartered capital from $15 million to $16 [...]
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