Archive for August 9th, 2012
Asian Defensive Stocks Outperformed Dynamic for 2012 YTD as of 8/6 as Measured by the Russell Asia Pacific Defensive & Dynamic Indexes
The Russell Asia Pacific Index returned +6.4 percent for the year-to-date as of August 6th, with the Russell Asia Pacific Defensive Index (+10.1 percent) outperforming the [...]
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Business Briefs August 9
* Hanoi Housing Investment and Development Corporation has registered to sell over 1.2 million shares of Hoa Binh Securities Company (HBS) between August 10 and September 8. [...]
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VNM tops investment portfolio of Dragon Capital
As per an updated report on operations of VEIL and VGF funds-two largest stock investment funds run by Dragon Capital, as of July 26, the total net asset value (NAV) of these [...]
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HDBank continues to lower lending interest rate to 12-12.5pct/yr
HCM City Development Commercial Joint Stock Bank (HDBank) on August 8 announced to continue to further lower the lending interest rates for both individual and business [...]
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Techcombank wins two awards from Finance Asia
Vietnam Technological and Commercial Joint Stock Bank (Techcombank) on August 1 received two international awards from Finance Asia magazine, including “The best [...]
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SHB and HBB to close shareholders book on August 21 for share swap
Saigon-Hanoi Commercial Joint Stock Bank (SHB) on August 9 officially announced the completion of the merger between Hanoi Housing Commercial Joint Stock Bank (Habubank-HBB) [...]
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VPBANK to offer 2tr dong soft loans for SMEs
According to Vietnam Prosperity Joint Stock Commercial Bank (VPBank), from August 01 to December 31, 2012, it is carrying out “SME Success” programme – [...]
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Big realty firms’ stock prices still on the increase
While small and medium real estate companies are suffering heavy loss due to highly unsold products, large scaled realty firms still maintained profit and their share prices [...]
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Social and health insurance arrears hit nearly 7.5tr dong
Statistics from Vietnam Social Insurance Agency showed that the situation of social insurance arrears is taking place commonly. Accordingly, from early this year so far, [...]
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Average lending interest rate at 13.9pct/yr from August 2
Relatively prolonged negative credit growth and very low credit growth in Jan-July is one of the major bottlenecks to economic growth right now. This has contributed to [...]
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Bad debts hit profit after tax of 8 banks
Profit after tax of eight listed banks in the second quarter of 2012 decreased by 24 percent year-on-year due to an increase in bad debts. These banks are divided into 2 [...]
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Technology giants signal weakness
The majority of local technology giants such as FPT, CMC and HIPPT have experienced unsatisfactory performance and signalled weakness. Despite the 26.6 percent revenue growth [...]
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Housing projects wooing buyers by offering price reductions, interest rate privileges
Recent days have witnessed many existing property projects together with brand new ones offering tempting conditions such as price reduction, interest rate privileges amid [...]
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Alluring interest rates for property loans
Real estate credit loosening has come since April when a range of promotion programmes for property lending have been launched with interest rates of as low as 6pct-8pct, [...]
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Indonesia warns of further South China Sea tension
Indonesia warned Wednesday of a “risk of further tensions” between nations with overlapping claims to swathes of the South China Sea if a “collective and [...]
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