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| Business, banking and stock market briefs July 1 |
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01/Jul/2009 Intellasia |
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1 Jul, 2009 - 1:25:59 PM |
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* Dong Nai Port Joint Stock Co will invest 126 billion dong to upgrade one of its wharfs and purchase loading cranes for its facility in Bien Hoa City's Long Binh Tan Ward to meet up with rising cargo clearance demand there. The provincial port was ranked sixth out of 48 ports nationwide by the Vietnam Seaport Association last year.
* Construction and Investment Joint Stock Co No 515.9 will join hands with the management board of Bo Y International Border Gate Economic Zone to begin work on the second phase of the NT 18 Road linking the border gate and the economic zone with Ho Chi Minh Road worth 400 billion dong to boost local socioeconomic development and lure wore investors to the zone.
* Tan Phu Transportation Service Cooperative has invested 10 billion dong to buy 20 buses of 27 seats for the inauguration of the 105-kilometer bus route from Dong Nai Province's Tan Phu District to Di Linh District in the Central Highlands' Lam Dong Province, operating daily from 5:00 a.m. to 5:30 p.m. with fares at 25,000 dong per passenger, quoting Nguyen Duc Hoc, chair of the cooperative.
* Saigontourist Travel Service Co will today welcome nearly 1,300 international tourists and crewmembers onboard the Costa Allegra cruise ship of the Italian cruise line Crociere S.P.A. The cruise ship will complete its visit in Vietnam on Friday and leave for Hong Kong.
* Hung Nhon Joint Stock Co late last week opened the second phase of its chicken farm and a manure plant in Thuan Phu Commune in the southern province of Binh Phuoc's Dong Phu District. The company has invested some 120 billion dong to develop the two new projects.
* Song Da 7.04 Joint Stock Co with four million S74 coded shares will officially be traded on Hanoi bourse for the first session from July 2.
* Phuoc Hoa Rubber Joint Stock Co will close the shareholders shortlist at 4pm July 6 to register securities depository for forthcoming listing on Ho Chi Minh Stock Exchange (STC).
* In the first trading session on June 30, VCB coded shares were traded at 60,000 dong per share, marking a ceiling price against the comparative price of 50,000 dong per share. After the session finished, 294,070 VCB coded shares were matched order while the buying order was for over 4 million shares in surplus. Market capitalisation of VCB share code reached more than 6.737 trillion dong for the listed shares and 72.60 trillion dong for all shares of this bank.
* Sieu Thanh Co (ST8) has announced July 6 as the ex-dividend date for shareholders to receive dividend of 5 percent in shares. The bank will issue 448,000 shares this time.
* Song Da Urban and Industrial Zone Investment and Development Co (Sudico) has registered to sell 2.26 million shares of Vietnam- Italy Steel Co. (VIS) within three months from July 1 to decrease its ownership from 26.1 percent to 11.05 percent.
* Vietnam Investments Fund I LLP has sold 88,000 shares of Vinafco Co (VFC) to decrease its holdings to 2.78 million shares.
* PetroVietnam Drilling Chemical Joint Stock Co (coded PVC) would close the list of shareholders on July 10 for paying 2008 dividend in shares and cash. The ex-interest transaction date will be July 8. The dividend rate will be 20 percent, in which 10 percent will be paid in cash or 1,000 dong per share and the rest 10 percent in shares.
* The construction project of Hanoi-Nghe An Brewery was officially started in Zone B, Nam Cam Industrial Park, Nghi Loc Dist, Nghe An Province on June 30. The factory's designed capacity – phase 1 will be 50 million litres of beer per year, and may be extended to 100 million litres per year.
* Binh Chanh Investment and Construction Joint Stock Co (coded BCI) officially kicked off the construction project of BAI-Tan Tao 1 Apartment Complex. The total site of the project is 12,621 square metres with the total construction flooring area of 57,868 square metres. The project will include four 16-storey blocks with number of apartments to be built at 480 units.
* The representative office of Sumitomo Mitsui Banking Corp in Hanoi will be closed because its operating license granted in 2004 has expired, says the central bank.
* Saigon Commercial Bank (SCB) has mobilised over 5.6 trillion dong, 3.6 trillion dong higher than expected, via its promotion of giving cash for depositors sending money for one-to six-month terms. Therefore, the bank has decided to extend the promotion to July 31 instead of June 31.
* Asia Commercial Bank (ACB) yesterday inaugurated one branch and one transaction office in HCM City to expand its network to 200 banking units nationwide.
* EAB has cooperated with Vietnam Post and Telecommunication Group (VNPT) to allow customers in Dak Lak Province to settle telephone and Internet bills via accounts. The bank last week opened a branch in My Tho City in Tien Giang Province to increase its number of banking units to 169 units nationwide.
* Maritime Commercial Joint Stock Bank (Maritime Bank) has signed a cooperation contract with Sao Bac Dau Group in which the group would provide local network equipment and security systems for the bank. This is one part of Maritime Bank's project of banking modernisation and payment system – phase 2 sponsored by World Bank.
* From today July 1, Saigon Hanoi Commercial Joint Stock Bank (SHB) started to apply the new interest rate benchmark with the highest rate of 9.45 percent pa for the term of 36 months.
* Maritime Bank today is to launch the preferential programme for saving senders who will enjoy gifts in cash of plus deposit rate.
* Tien Phong Commercial Joint Stock Bank (TienPhongBank) has cooperated with FPT Securities Co (FPTS)-HCM City branch to provide the mortgage lending for listed shares.
* Tien Phong Commercial Joint Stock Bank (TienPhongBank) and AIA Vietnam Life Insurance Co Ltd have signed cooperation contract for distributing insurance products in order to carry out insurance model via bank.
* Petrolimex Gasoline Commercial JS Bank or PG Bank reported gaining 8.674 trillion dong of total assets, 3.451 trillion dong in outstanding loans, and 50 billion dong in pre-tax profit during the first five months of this year.
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