Vietnam Stock Market News
Shares stall as volumes decline
On the Ha Noi Stock Exchange, the HNX-Index closed down nearly 1 per cent to 149.26, as trading volume tumbled 27.7 per cent from Tuesday’s session on the northern bourse to just 11.2 million shares, worth a combined VND365.8 billion ($20.6 million).
Vincom drops most in two months on $50 mln investment plan
Hanoi-based Vincom, Vietnam’s second-largest listed property developer, will buy 88.5 million shares, worth VND885 billion, to increase its holding in Hoang Gia Property Investment & Development Joint Stock Co. to 102 million shares, or 51 percent, Vincom said in a statement after the market closed on Tuesday.
Hoa Sen Group targets to gain profit of 108b dong
Hoa Sen Group Joint Stock Co (coded HSG) has announced that the company achieved net revenue of 280 billion dong in June alone, increasing by 58 billion dong against May and earned pre-tax profit of 50 billion dong, up 37 percent against last month.
An Binh Bank exceeds expectations
At the end of June, the bank had a mobilised capital of VND11.7 trillion ($6.6 billion) and an outstanding loan of VND8.6 trillion ($4.8 billion). ABBank has 77 branches in 29 provinces and cities nationwide.
Gov’t tackles outstanding economic issues
Minister and chairman of the Government Office Nguyen Xuan Phuc told reporters in Hanoi on Tuesday that the Government had over the past few months taken appropriate measures to cope with the downturn and the risk of inflation coming back. The Government plans to hold an international seminar late next
Vietnam to outperform much of Asia: ANZ report
The Asia research team posted the expectation about Vietnam in correlation with other Asian economies in its mid-year macro review named “Emerging Asia mid-year 2009: The Shape of Things to Come”. “We forecast Vietnam growth to increase steadily in 2009 with a year average of 4.5%,” the report says. “The
Stock market’s recovery period begins
Fiachra Mac Cana, Analysis Director of HCM City Securities Company, affirmed that the stock market has entered the recovery period after continuously falling since last October. “All our technical analyses show the same result: The stock market will rise in the time to come,” he said. The stock market recovery
Foreigners Pump $120M into Vietnam Stocks in District 2
Foreign investors put back an additional US$120 million into Vietnam’s securities market in the second quarter of this year despite a period of heavy sell offs between January and March as a result from the global financial turmoil. In the first quarter, foreigners sold a combined $700 million worth of
Popular Vietnam Business News
Deposit Interest Rate Rises to 10.2 Per Cent
Although the prime rate set by the State Bank of Vietnam (SBV) was kept unchanged at 7 per cent per annum in July, many banks still revised the borrowing rate.
. After a standstill period due to bad impacts of the global economic slow down, more and more foreign companies have come to Vietnam to seek investment and business opportunities.
Leading B2B websites in Vietnam
. More than 100,000 Vietnamese firms have to date joined www.alibaba.com, one of the global leaders in business-to-business (B2B) e-commerce Websites, said China’s Alibaba Group. .About 4,000 Vietnamese small- and medium-sized
Vietnam airline market takes off
Economic recovery is set to spark demand, competition and reasonable fares on Vietnam�s air travel market, industry insiders say. Vo Huy Cuong, head of the Civil Aviation Administration of Vietnam�s
Workers quit factories for more cushy jobs, labor shortage ensues
After the Tet holidays, Tran Thi Phuong from northern Nam Dinh Province did not return to the Hanoi-based garment firm where she had worked for several years. The 28-year-old woman
Vietnam warned of inflation and trade deficit
The trade deficit is likely to prompt a further fall of the Vietnamese dong this year while food, housing and transport costs are leading inflation higher, according to a Standard
Uy Nam Construction Investment Joint Stock Co (Unicons) EPS at 16,644 dong/share in 2009
Uy Nam Construction Investment Joint Stock Co (Unicons) has recently reported audited fiscal report in 2009 with 663.01 billion dong in revenue from sales and service provision, up 24.16 percent
Vietnams export levels bear little impact from European debt crisis
According to trade experts under the Ministry of Industry and Trade, the impact of the debts crisis in Europe is not all that significant because the Vietnamese dong is still
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