Archive for December 20th, 2016

Stock market will not encounter oversupply due to the new listing in the short term

20-Dec-2016 Intellasia | Dau Tu Chung Khoan | 6:00 AM

In the coming time, the stock market will welcome the share listing of 12 state-owned enterprises (SOEs), such as Vietnam Petroleum Group (Petrolimex), PetroVietnam Oil [...]
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Deadline for public companies and equitised enterprises to trade on UPCoM

20-Dec-2016 Intellasia | Bizhub | 6:00 AM

The State Securities Commission (SSC) issued Circular 180/2015/TT-BTC on unlisted public companies, which took effect on January 1, 2016. According to new rules it laid out, [...]
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Shares set to rise on foreign capital inflow

20-Dec-2016 Intellasia | VNS | 6:00 AM

The local stock market is expected to continue advancing this week on expectations of buying by foreign investors, analysts say. “Investors were not surprised with the [...]
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Vietnam arrests blogger over anti-government videos

Vietnam arrests blogger over anti-government videos

20-Dec-2016 Intellasia | Nationmultimedia | 6:00 AM

Vietnamese police have arrested a blogger for”defaming” top government officials, state-controlled media reported Sunday. Nguyen Danh Dung was arrested in the [...]
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Vietnam: Comedian Minh Beo gets away with 18-month jail for sex with minor on audition ruse

20-Dec-2016 Intellasia | IBT | 6:00 AM

Vietnamese comedian Minh Beo has been sent to jail for 18 months after he was found guilty of sexually assaulting a 16-year-old boy during his trip to California. Beo, whose [...]
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NEC Provides Swiss Post with the Latest Mail Processing Systems

20-Dec-2016 Intellasia | NEC Corporation | 6:00 AM

TOKYO, Dec 19, 2016 – (JCN Newswire) – NEC Corporation (TSE: 6701) today announced that Swiss Post, Switzerland’s national postal service, has signed a [...]
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Honda to Begin Automobile After-Sales Business in Myanmar

20-Dec-2016 Intellasia | Honda | 6:00 AM

Yangon, Myanmar, Dec 19, 2016 – (JCN Newswire) – Honda announced today it has started its after-sales business for automobiles in Myanmar. The announcement was [...]
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Showa Denko to Establish Monofluoromethane Gas JV in South Korea

20-Dec-2016 Intellasia | Showa Denko K.K. | 6:00 AM

To Boost CH3F Gas Production to Meet Growing Demand for Semiconductor Memory TOKYO, Dec 19, 2016 – (JCN Newswire) – Showa Denko (“SDK”; TSE:4004) and [...]
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Upward trend in bank interest rates

20-Dec-2016 Intellasia | Bizhub | 6:00 AM

At the beginning of December some banks cut deposit interest rates by 0.1-0.2 percentage points. The Bank of Investment Development of Vietnam (BIDV) reduced the interest [...]
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BAC A BANK earns eminent award from International Finance Magazine

20-Dec-2016 Intellasia | VIR | 6:00 AM

Locally-owned lender BAC A BANK has just won a high-profile award of “The leading bank in social responsibility in Vietnam in 2016″ organised by Thomson [...]
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New finance firm launched, focuses on average-income people

20-Dec-2016 Intellasia | The Saigon Times | 6:00 AM

Military Bank (MB) has launched MB Finance Co Ltd (Mcredit) to offer small loans for average-income people. Headquartered in Hanoi, Mcredit has initial chartered capital of [...]
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VVF to be merged into SHB early next year

20-Dec-2016 Intellasia | The Saigon Times | 6:00 AM

The merger of Vinaconex-Viettel Finance JSC (VVF) into Saigon-Hanoi Bank (SHB) is expected to be complete early next year following the State Bank of Vietnam’s (SBV) [...]
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SHB merger with VVF approved in principle

20-Dec-2016 Intellasia | VNA | 6:00 AM

The State Bank of Vietnam has approved in principle a plan to merge the Sai Gon-Hanoi Commercial Joint Stock Bank (SHB) and the Vinaconex-Viettel Finance JSC (VVF). SHB [...]
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Fed rate hike sends exchange rate rising to upper limit

20-Dec-2016 Intellasia | The Saigon Times | 6:00 AM

The US Federal Reserve’s December 14 decision to hike interest rates led the exchange rate between the dong and the US dollar at local banks to almost touch the upper [...]
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Banks are cautious as credit demand increases in the end of the year

20-Dec-2016 Intellasia | Dau Tu Chung Khoan | 6:00 AM

Despite having good liquidity preparation for the business season in the end of the year, many banks cannot boost lending as they have used up the credit limit. On the other [...]
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