Archive for August 16th, 2012
Clavister Appoints VADIS Systems as Australia-New Zealand Distributor
Swedish network security specialist Clavister, recently announced it has appointed VADIS Systems as its new distributor for the Australia-New Zealand (ANZ) market. VADIS [...]
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Business Briefs August 15
* The State Securities Commission plans to set up an audit council to examine audited financial reports lacking transparency. * Bank for Foreign Trade of Vietnam has launched [...]
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Gasoline trade deficit at $572m in Jul
Statistics from the general Department of Vietnam Customs on export import situation in July showed that Vietnam exported nearly 1.25 million tonnes of crude oil in a month, [...]
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SHB plans to set up subsidiary in Laos
On August 15, 2012, Saigon – Hanoi Commercial Joint Stock Bank (SHB) inaugurated its first branch in Pakse, Cahmpasak province, Laos. With an initial chartered capital [...]
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Vietnam enjoys trade surplus of $88m in Jan-Jul: Customs
Statistics from general Department of Vietnam Customs showed that Vietnam’s total export import turnover of goods till the end of July 2012 reached $127.01 billion, [...]
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DWS fund invests $10m in VTC Online
VTC Telecommunications JSC Online (VTC Online)’s director board has recently made a long term target that VTC Online will have to be eligible to make an initial public [...]
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BIC Vietnam to build 7 12-18 storey condominium buildings in Linh Dam
Hanoi city People’s Committee has assigned BIC Vietnam JSC (BIC) to construct social housing and low-income housing projects with 20 percent of the total land area in [...]
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Shrimp export to Australia increases over 60pct in H1/2012
In H1/2012, Vietnam’s shrimp export revenue to Australia reached over $44.2 million, up 62.5 percent on year. Vietnam prawn export revenue in H1 reached nearly $30 [...]
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VCG posts to earn 154.5b dong of consolidated profit
Vietnam Construction and Import – Export Joint Stock Corporation (coded VCG) has announced its consolidated financial statements for Q2/2012. In Q2/2012, VCG reached [...]
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Techcombank’s standalone credit rating at E+ given by Moody’s
Standalone credit rating at E+ given by Moody’s for Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is equal to the Rating b1 of long term scale. [...]
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BVH incurs 227b dong loss from insurance segment in H1/2012
Southern bourse-listed Bao Viet Holdings (coded BVH) has announced its consolidated business performance in the second quarter of this year with a consolidated profit from [...]
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PVI posts consolidated profit of 235b dong after six months
PetroVietnam Insurance Joint Stock Corp (coded PVI) has announced its consolidated fiscal statement in the second quarter of 2012 with net revenue of 1.461 trillion dong, [...]
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Interbank trading value decreases nearly 15pct
The State Bank of Vietnam (SBV)’s report on banking operations for the week between August 6 and 10 stated that the total trading value on the interbank market in the [...]
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Tokyo stocks shine in mostly higher Asia
Asian markets mostly gained on Thursday, with higher oil prices broadly supporting the energy sector and Japanese shares getting an extra lift from a weaker yen. [...]
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SBV gives nod to WesternBank-PVF merger
Earlier last week, the State Bank of Vietnam gave the nod to the merger between Habubank and SHB. Accordingly, SHB then would enjoy the charter capital of 8,865.79 billion [...]
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