Archive for January 5th, 2017

South Korea Constitutional Court holds hearings in president’s impeachment trial

South Korea Constitutional Court holds hearings in president’s impeachment trial

05-Jan-2017 Intellasia | Presstv.ir | 1:37 PM

The Constitutional Court in South Korea is continuing hearings in the impeachment trial of the country’s President Park Geun-hye over a major corruption scandal. On [...]
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Stocks up in first trading day of 2017

05-Jan-2017 Intellasia | The Saigon Times | 12:56 PM

Vietnam’s equity market got off to a good start in the new year as the VN Index of the HCM City exchange added over seven points (1.07 percent) at 672.01 points on [...]
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VN30-Index falls as others gain ground

05-Jan-2017 Intellasia | Vneconomictimes | 12:55 PM

STB and VCB make dent in VN30-Index on otherwise positive January 4. Only the VN30-Index lost ground as other main indexes on Vietnam’s stock market closed higher on [...]
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Oil stocks lead market for second day

05-Jan-2017 Intellasia | VNA | 12:54 PM

Shares rose for the second day on January 4, boosted by strong gains in the oil and gas sector and investors’ continued faith in optimistic market prospects. On the HCM [...]
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Business Briefs January 5, 2017

05-Jan-2017 Intellasia | | 12:53 PM

* Tam Hy Company will be selling 10 million shares of Hoa Sen Group (HSG) to reduce its stake in HSG to 500,000 shares (0.25 percent) between January 3 and February 1. * [...]
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VIB to trade 564.4m shares on UPCoM

05-Jan-2017 Intellasia | VNS | 6:00 AM

Vietnam International Joint Stock Bank (VIB) will trade 564.4 million shares on the Unlisted Public Company Market (UPCoM) on January 9, the Hanoi Stock Exchange announced. [...]
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78pct of credit flows into production, trading in HCM City

05-Jan-2017 Intellasia | Saigon-Gpdaily | 6:00 AM

Total outstanding loans in HCM City neared VND1,500 trillion (US$66 billion) in 2016 with 78 percent of the funds going to production and trading, reported To Duy Lam, [...]
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HCM City sees record 18 per cent credit growth

05-Jan-2017 Intellasia | VNS | 6:00 AM

Commercial banks in HCM City saw record credit growth of 18 per cent in 2016, according to the State Bank of Vietnam (SBV). To Duy Lam, director of SBV’s HCM City [...]
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Bank restructuring on the right path heading into the New Year

05-Jan-2017 Intellasia | VOV | 6:00 AM

In response to the global banking crisis, the finance ministers of the G20 countries have agreed on stricter regulation of the banking system, with stronger capital [...]
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Banks ensure sufficient cash for yearend surging demand

05-Jan-2017 Intellasia | Saigon-gpdaily | 6:00 AM

The State Bank of Vietnam (SBV) has in writing instructed credit institutions to ensure sufficient cash supply to meet increasing demand ahead of the Tet holiday, said deputy [...]
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Access to credit tough for SMEs

05-Jan-2017 Intellasia | The Saigon Times | 6:00 AM

SMEs always find it hard to gain access to credit at banks, according to the Vietnam Association of Small and Medium Enterprises (VINASME). VINASME statistics showed around [...]
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Bad debts continue to squeeze banks’ profits

05-Jan-2017 Intellasia | VNA | 6:00 AM

In the third quarter of 2016, Kienlongbank’s gross profit decreased by nearly 12 percent. As a result, in the first nine months of the year Kienlongbank’s pre-tax [...]
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Bank restructuring process continues to take place strongly in 2017

05-Jan-2017 Intellasia | Bao Dau Tu | 6:00 AM

The waves in bank restructuring has still been ongoing and is said to be stronger in 2017. There will be bankruptcies of credit institutions (CIs), mergers and acquisitions [...]
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Disbursement of housing stimulus on time

05-Jan-2017 Intellasia | VIR | 6:00 AM

The disbursement of the housing stimulus package, valued at VND30 trillion (US$1.4 billion) in preferential loans, will finish on schedule, according to the State Bank of [...]
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‘Lucky money’ in demand ahead of Tet

05-Jan-2017 Intellasia | Bizhub | 6:00 AM

The popular practice of exchanging new or special banknotes for a fee kicked off several weeks ago in many big cities, with one month to go before the start of Tet (Lunar New [...]
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