Vietnam Stock Market RSS News Feed by Intellasia.net

Company, bank, stock market briefs May 13

Tue, 13 May 2008 12:02:27 PST

* Indian Philips Carbon Black Ltd and Vietnamese firms signed an agreement last Friday to set up a joint venture to manufacture carbon black for use in the tire industry. The three local firms are Casumina, Da Nang Rubber and Sao Vang rubber, which contribute a combined 22% of the total invested capital of US$65 million for the project.

Stock market appears new bottom level, poised lower

Tue, 13 May 2008 11:03:00 PST

After the week early session, the stock market fell from the 500-point threshold and once again there appeared a new bottom level instead of the previous 496.64 points. The falling impetus is to be continued today and marks the seven consecutive declining session of the stock market.

Bibica confectionary firm to sell shares

Tue, 13 May 2008 07:00:00 PST

Bien Hoa Confectionary Joint Stock Corp (Bibica) recently announced the business result in the first quarter of this year with 132.16 billion dong in total revenue or 20.9% of the year's plan, over 8.1 billion dong from pre tax profit and nearly 6.4 billion dong from after tax profit, equalling to 13.6% of the year's target.

Listed firms report performance in Q1

Tue, 13 May 2008 07:00:00 PST

A slew of listed firms recently announced their performance in the first quarter of 2008 with both profit and big losses from business, typically Tan Tien Plastic Packing Joint Stock Co (coded TTP) posted a pre-tax profit of nine billion dong, falling by 24.8% against the figure of 11.9 billion dong in the last quarter of 2007 due to a sudden increase in prices of input materials for production.

One more securities broker licensed

Tue, 13 May 2008 07:00:00 PST

The State Securities Commission (SSC) on May 8 granted establishment and business license for Saigon Tourist Securities Joint Stock Co (STSC) with a chartered capital of 290 billion dong.

Company, bank, stock market briefs May 12

Mon, 12 May 2008 12:03:02 PST

* The State Securities Commission (SSC) on May 8 granted establishment and business license for Saigon Tourist Securities Joint Stock Co (STSC) with a chartered capital of 290 billion dong.

VN Index slips another 8.29 pts

Mon, 12 May 2008 11:03:23 PST

Ending the 1782nd trading session of the Vietnam's stock market, the Ho Chi Minh Stock Exchange (STC) today May 12 opened a new week by seeing another fall on the stock market when the VN Index slipped another 8.29 points or 1.65% to 492.04 pts with the total matching order trade of nearly 2,205,280 shares and fund certificates worth 102 billion dong.

Hapaco to buy back 500,000-1m fund shares

Sat, 10 May 2008 07:00:00 PST

Hai Phong Paper Joint Stock Co (Hapaco) and its subsidiaries announced that they would buy back from 500,000 to one million HAP-coded shares to make fund shares, said the listed firm's chair Vu Duong Hien.

Yen Bai Cement and Natural Minerals JSC to list on northern bourse

Sat, 10 May 2008 07:00:00 PST

Yen Bai Cement and Natural Minerals Joint Stock Co (coded YBC) will officially list on the Hanoi Securities Trading Centre from May 20. After that, the company will sell shares to strategic shareholders including Asia Commercial Bank.

Ry Ninh II hydropower firm to pay dividend of 20%

Sat, 10 May 2008 07:00:00 PST

Ho Chi Minh Stock Exchange (STC) yesterday May 8 announced that the registration deadline for Ry Ninh II Hydropower Joint Stock Co (coded RHC) to close the list of shareholders is on May 26 and the ex-interest date on May 22.

Descon construction firm to pay 15% dividend

Sat, 10 May 2008 07:00:00 PST

Descon Industry Construction Joint Stock Co (coded DCC) this year targets to reach 457.04 billion dong in revenue, 37.24 billion dong from pre tax profit, 26.322 billion dong from after tax profit and dividend of 15%.

Chuong Duong beverages firm to buy back 100,000 fund shares

Sat, 10 May 2008 07:00:00 PST

Chuong Duong Beverages Joint Stock Co (coded SCD) recently announced that within one-month from May 15 to June 15, the company would buy back 100,000 SCD-coded shares to make fund shares under the mode of order matching or negotiating, bringing the company's total fund shares to 106,950 shares.

Company, bank, stock market briefs May 09

Fri, 09 May 2008 12:03:35 PST

* Ho Chi Minh Stock Exchange (STC) yesterday May 8 announced that the registration deadline for Ry Ninh II Hydropower Joint Stock Co (coded RHC) to close the list of shareholders book to is on May 26 and the ex-interest date on May 22.

VN Index closes to 500 pts

Fri, 09 May 2008 11:00:13 PST

Ending the 1781st trading session of the Vietnam's stock market, the Ho Chi Minh Stock Exchange (STC) today May 9 continued falling on the stock market when the VN Index slipped another 7.61 points or 1.49% to 500.33 pts with the total matching order trade of nearly 2,784,140 shares and fund certificates.

Fund in the red but still upbeat on share punts

Fri, 09 May 2008 07:08:00 PST

Vietnam Asset Management Ltd (VAM) recently announced losses in the first quarter of 2008 but they confirmed to continue investing in Vietnamese stock market.

Businesses fail in securities investment

Fri, 09 May 2008 07:00:00 PST

In the difficult period of the stock market at the moment, not only many small investors but also financial institutions, investment funds and banks now have a big headache of big losses in securities business.

Song Da subsidiary to offer 3m shares

Fri, 09 May 2008 07:00:00 PST

Song Da Development and Investment Joint Stock Co (SIC)'s shareholders' meeting recently passed the plan to offer three million shares to hike its chartered capital from the current of 50 billion dong to 80 billion dong and invest in some big projects in this year through two phases.

Bac Ninh Agri-products firm to offer shares

Fri, 09 May 2008 07:00:00 PST

Bac Ninh Agricultural Product Joint Stock Co (coded DBC)'s shareholders' annual meeting recently passed the plan to offer 16.55 million shares to hike its chartered capital to 260 billion dong in two phases.

Minh Viet Securities Investment Management JSC established

Fri, 09 May 2008 07:00:00 PST

State Securities Commission (SSC) yesterday granted the establishment license to Minh Viet Securities Investment Fund Management Joint Stock Co called Minh Viet Capital with a chartered capital of 50 billion dong.

Hai Phong Cement Trading and Transportation JSC to offer shares

Fri, 09 May 2008 07:00:00 PST

The State Securities Commission on May 5 issued Decision No 301/UBCK-GCN approving Hai Phong Cement Trading and Transportation Joint Stock Co (HP CTT) to offer 1,041,558 ordinary shares at 10,000 dong par to the existing shareholders under the consultancy of Bao Viet Securities Joint Stock Co.

Song Da 9.01 subsidiary to pay dividend of 16% in cash

Fri, 09 May 2008 07:00:00 PST

Hanoi Securities Transaction Centre (HaSTC) recently announced that the registration deadline for Song Da 9.01 Joint Stock Co (coded S91) to close the list of shareholders book to is on May 16 to pay dividend of 16% in cash on June 16.

Company, bank, stock market briefs May 08

Thu, 08 May 2008 12:02:36 PST

* The State Securities Commission on May 5 issued Decision No 301/UBCK-GCN approving Hai Phong Cement Trading and Transportation Joint Stock Co (HP CTT) to offer 1,041,558 ordinary shares at 10,000 dong par to the existing shareholders under the consultancy of Bao Viet Securities Joint Stock Co.

VN Index drops 7.32 pts

Thu, 08 May 2008 11:02:01 PST

Ending the 1780th trading session of the Vietnam's stock market, the Ho Chi Minh Stock Exchange (STC) today May 8 continued falling on the stock market when the VN Index slipped another 7.32 points or 1.42% to 507.94 pts with the total matching order trade of nearly 4.4 million shares and fund certificates worth nearly 215.6 billion dong, marking the third consecutively decreasing session.

State Capital Corp wavers on pumping funds into ailing stock market

Thu, 08 May 2008 07:06:00 PST

After the Tet holiday when the stock market saw a free fall, the State Capital Investment Corp (SCIC) announced that it would pump trillions of dong to purchase some share codes to save the stock market. Nearly two months from the announcement, the stock market to date has not rallied, even slumped deeper and longer. Investors said that the SCIC's announcement made a bull trap, which caused big losses for many investors especially individuals.

136th company lists on northern floor

Thu, 08 May 2008 07:00:00 PST

Hanoi Securities Transaction Centre (HaSTC) yesterday May 6 officially welcomed the 136th share code namely Saigon Cable Joint Stock Co with the total volume of 29,742,020 CSG-coded shares.

Fines re-jigged for securities breach

Thu, 08 May 2008 07:00:00 PST

Prime minister's office on May 5 announced amended ordinance of dealing with administrative violation. Accordingly, the maximum punishment on violations relating to securities, environmental protection, construction, land, banking, intellectual property, petroleum exploration and development.

Brokers want SSC to cut fees

Thu, 08 May 2008 07:00:00 PST

Vietnam Association of Securities Business (VASB) yesterday proposed the State Securities Commission to reduce the transaction fee from the current 0.05% down to 0.01-0.02% and the expected transaction fee exemption for securities brokerages in the next time.

Hang Xanh car service provider to pay 6% dividend

Thu, 08 May 2008 07:00:00 PST

Ho Chi Minh Stock Exchange (STC) announced that May 15 is the ex-interest date of Hang Xanh Automobile Service Joint Stock Co (coded HAX) and May 19 is the deadline for the company to close the list of shareholders.

Do Thanh Technology Corp reports performance

Thu, 08 May 2008 07:00:00 PST

Do Thanh Technology Joint Stock Corp (coded DTT) reported that last year it reached over 4.1 billion dong in after-tax profit and a dividend of 7% in cash.

Company, bank, stock market briefs May 07

Wed, 07 May 2008 12:05:56 PST

* The State Securities Commission (SSC) on May 5 issued a decision to revoke the business licensee No9dated on December 21, 2006 of Agribank-VGFM Securities Investment Fund Management Joint Venture Co (AVIM).