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Statistics |
| Unique Visitors: 1012 |
| Total Unique Visitors: 1310299 |
| Visitors Out: 6287 |
| Total Visitors Out: 6287 |
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| Descon construction firm to pay 15% dividend |
| 2008-05-09 20:05:00 |
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%.
The shareholders' meeting also reported the business result of 2007 with 387.759 billion dong in...
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| Thu Duc Trading Co's Q1 revenue up 60 pct |
| 2008-05-09 20:01:19 |
Thu Duc Export Import and Trade Joint Stock Co (coded TMC) recently reported the business results in the first quarter of this year with 357.921 billion dong in revenue, up 59.4% against the same period of last year, 11.337 billion dong from after tax profit, rising 159.9% from 2007 and EPS was 2,980 dong.
This year,...
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| SaigonTel targets 225b dong profit |
| 2008-05-09 19:56:16 |
Saigon Telecom and Technology Joint Stock Co (SaigonTel - coded SGT) recently passed this year's business plan with 1.2 trillion dong in revenue and 225 billion dong from after tax profit.
The shareholders' meeting also plans to offer 18 million shares at 10,000 dong par to hike its chartered capital after paying...
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| Vincom bonds sold out |
| 2008-05-09 19:48:18 |
The Ho Chi Minh Stock Exchange (HOSE) listed firm, Vincom Joint Stock Co reported on May 7 that its first corporate bond sale gained success with two trillion dong in bonds were sold out under the consultancy of Agribank Securities Co.
The bonds issued on May 6, 2008 have a term of five years and a face value of one...
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| OceanBank to launch prominent saving product in dong |
| 2008-05-09 19:47:04 |
Starting May 12, Ocean Commercial Joint Stock Bank (Ocean Bank - OCB) will launch the prominent saving product in dong. As selecting the saving type, customers' saving will be ensured according to gold price that is not lower than value of initial deposit.
In addition, the saving rate of the product is higher than...
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| Banks' ambitions |
| 2008-05-09 19:45:26 |
With the target to become leading financial groups of Viet Nam, a slew of banks currently are speeding up setting up of subsidiary companies and member entities. Not only state large sized commercial banks, but also smaller sized banks have nurtured the ambitious plan.
But according to financiers, to become financial...
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| ACB reports 1.2tr dong profit from securities investment in 2007 |
| 2008-05-09 19:44:16 |
Up to December 31, 2007, Asia Commercial Joint Stock Bank (ACB)'s total securities investment capital was over 9.636 trillion dong including more than 8.474 trillion dong invested in bonds (T-bills, G-bonds, state commercial banks' bills of exchange and bonds, electricity bonds), 4.8 billion dong invested in Nha Be...
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| MB issues bills of exchange in US dollar for plus interest rate |
| 2008-05-09 19:42:43 |
In next two months, Military Commercial Joint Stock Bank (MB) will issue the US dollar bills of exchange for bonus interest rate from May 6 to July 6 with the payment method in cash or account transfer. The bills of exchange have a term of 3, 7 and 11 months with the minimum face value of US$100 and its multiple.
The...
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| WTO entry challenges |
| 2008-05-09 19:41:41 |
When Viet Nam entered into the World Trade Organisation (WTO), there were different warnings about the biggest challenges. At that time, trade minister Truong Dinh Tuyen said that the biggest challenge was retail sales, which, however, would happen in next several years.
Some experts said that the biggest challenge...
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| VIB Bank launches E-Savings product |
| 2008-05-09 19:39:39 |
Vietnam International Bank (VIB Bank) recently launched E-Savings product to all transaction sites nationwide whereby customers are allowed to receive a higher interest rate when their saving balance increasing respectively (progressive interest rate).
E-Savings was connected two-way automatic money delivery with...
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| MHB securities arm to issue bonds |
| 2008-05-09 19:37:54 |
Mekong Delta Housing Development Bank's securities arm MHBS recently announced that it would retail three million ensured non-convertible bonds worth 300 billion dong at 100,000 dong par and the selling price of 100,000 dong per bond for the first phase under the bank's payment guarantee.
These five-year bonds have a...
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| Chuong Duong beverages firm to buy back 100,000 fund shares |
| 2008-05-09 19:36:30 |
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.
Ending the trading...
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| Ry Ninh II hydropower firm to pay dividend of 20% |
| 2008-05-09 19:34:44 |
Ho Chi Minh City Stock Exchange (HOSE) 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.
The company will pay a dividend of 20% for 2007 on August 9, 2008.
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| Yen Bai Cement to list on Hanoi Securities Trading Center |
| 2008-05-09 19:33:41 |
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 Joint Stock Bank.
Being restructured from Yen Bai cement plant, last year the company...
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| Hapaco to buy back 500,000-1m fund shares |
| 2008-05-09 19:31:14 |
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.
The company's shareholders' meeting also released the business result during the first four months of the year...
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| US stocks decline as AIG reveals need for cash, oil surges |
| 2008-05-09 17:17:28 |
Wall Street ended the week with a big decline as investors grappled with two of the biggest threats to the economy: fallout from turmoil in the credit market and surging energy prices. All three major indexes suffered losses for the week.
Insurer American International Group Inc. helped send the Dow Jones industrial...
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| SE Asian Stocks - Mostly higher on week but Singapore falls |
| 2008-05-09 16:06:03 |
Most Southeast Asian stock markets gained this week as surging oil prices lifted commodity plays such as Malaysia's Sime Darby, but Singapore fell as financials such as Singapore Exchange floundered.
The region's markets closed on Friday mostly flat. Malaysia .KLSE and the Philippines .PSI edged up 0.38 and 0.68% on...
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| Mobifone to build additional transceiver stations |
| 2008-05-09 15:54:50 |
To maintain the title of the best mobile network in Vietnam, the Mobile Telecom Services Company (VMS MobiFone) plans to build an additional 6,000 base transceiver stations (BTS) nationwide, bringing the total number of its BTS to nearly 10,000 by late 2008, said the company on May 5.
The company also plans to...
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| Foreigners Net Buyers Of VND51.6 Billion Of Shares |
| 2008-05-09 06:04:03 |
Foreign investors were net buyers of VND51.6 billion ($3.2 million) of Vietnamese stocks Friday out of a total VND127 billion traded, the Ho Chi Minh Securities Trading Center said.
Volume was 2.78 million shares, with foreigners accounting for 37.1% of the total, according to the stock market operator. (Dow Jones)
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| Securities companies cut staffs |
| 2008-05-09 05:58:48 |
The golden age of securities companies is over. This time last year, companies were trying to recruit more staffs, while they are trying to cut staffs now.
The director of the HCM City branch of a securities company, who asked to remain unnamed, said that the income of the company is not enough to pay staffs.
He...
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| Habubank links up with Banknetvn |
| 2008-05-09 05:51:41 |
The Hanoi Building Commercial Joint Stock Bank (Habubank) yesterday celebrated its link up with the Vietnam National Financial Switching Joint Stock Co (Banknetvn).
Habubank’s customers who use debit cards will be able to do transactions at 2,000 ATMS belonging to Banknetvn members, including Agribank, BIDV,...
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| City to hold investor convention |
| 2008-05-09 05:50:01 |
A three-day financial seminar and exhibition will begin in HCM City on May 30 as part of co-operation between Singapore’s NextVIEW Group and the HCM City Stock Exchange.
"This year’s Asia Trader&Investor Convention (ATIC) is more evidence of our commitment to HOSE and Viet Nam to provide investor education, data...
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| Merging small banks to curb inflation? |
| 2008-05-09 05:13:07 |
Merging small banks to form bigger ones, loosening the conditions for bank refinancing and removing the ceiling interest rate are the three things suggested by experts to solve banks’ problems.
Dr Nguyen Chung Binh, lecturer at Harvard University:
The channels of distributing capital to the national economy are...
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| SBV warns against online money trading |
| 2008-05-09 05:08:05 |
The State Bank of Viet Nam has alerted people to the appearance of a lot of Money">online money trading companies, and warned people about that kind of trading.
According to the State Bank of Viet Nam, in the last time, several companies, which only had the functions of giving consultancy and brokerage services, have set up...
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| Small investors learn expensive lesson |
| 2008-05-09 03:03:26 |
Low-income groups are realising that the securities market wasn't the safest bet, as the figures continue to crash and they find themselves in debt.
"It's not only qualified, experienced people, but all of society who went crazy with the market. Lower income groups are suffering the most," said Vu Duc Nghia, vice...
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| May 05, Foreigners Net Buyers Of VND44.3 Billion Of Shares |
| 2008-05-05 06:55:20 |
Foreign investors were net buyers of VND44.3 billion ($ 2.77 million) of Vietnamese stocks Monday out of a total VND227.4 billion traded, the Ho Chi Minh Securities Trading Center said.
Volume was 4.8 million shares, with foreigners accounting for 24.4% of the total, the stock market operator said. (Dow Jones)
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| Viet Nam to curb credit growth to battle inflation |
| 2008-05-05 06:47:40 |
Viet Nam's central bank said it would try to rein in inflation by limiting loans to consumers and stock and property investors as the country faces the prospect of a credit ratings downgrade over fears its economy is overheating.
Standard & Poor's cut its outlook on Viet Nam's sovereign rating to negative from stable...
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| VPBank increase interest rates for deposits in Vietnamese dong |
| 2008-05-05 06:31:32 |
The Viet Nam Commercial Joint Stock Bank for Private Enterprises (VPBank) has just made public new Rates">interest rates for deposits in Vietnamese dong. Accordingly, interest rate for 7-36 month term deposits is 12% a year and for six month terms and below is 11.5% a year.
Interest rate for deposits in US dollars will be...
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| Regulators ban new stock brokerages, fund managers |
| 2008-05-05 06:24:07 |
Viet Nam has too many stock brokerages according to SJC Securities Joint Stock Co general director Huynh Anh Tuan.
"With the current small size of the stock market, the number of existing securities companies is too much," said Tuan.
"In recent months, the number of newly-founded securities firms has been higher...
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| May 05, Stock market sees slight decline in first trading session in May |
| 2008-05-05 06:23:05 |
After a long holiday, the domestic stock market dropped on the first trading session in May today with the market indicators as well as trading volumes and values on both bourses dropping and a majority of listed stocks suffering losses.
Ending the third order matching phase today, the VN-Index today lost 1.08 points...
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| Foreign ownership: more room will be provided, but how much? |
| 2008-05-05 06:13:45 |
There are many signs that show that more room will be provided for foreign investors in local companies. However, it remains unclear how large the rooms will be.
Decision No 745 by the Ministry of Finance on the action programme to stabilise the market and curb inflation in 2008 stipulated that the Department for...
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| Foreseeable losses for banks’ financial investments |
| 2008-05-05 06:01:40 |
A lot of securities companies and commercial banks have reported losses on their securities investments as the stock market has been falling since the end of 2007.
The Refrigeration Engineering Enterprise (REE), which reaped several hundred billions VND from securities investments in 2005, 2006 and the first three...
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| Standard Chartered ups stake in Asia Commercial Bank to 15% |
| 2008-05-05 05:59:57 |
Standard Chartered Bank has increased its stake in Asia Commercial Bank to 15%.
Standard Chartered acquired a 6.16-per-cent interest from the International Finance Corporation (IFC), raising its holdings from 8.84% to the maximum of 15% allowed to be held by a single foreign strategic investor.
Under the deal, the...
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| Vietnamese firms chomp at bit to list |
| 2008-05-05 00:29:19 |
Around 30% of privately-owned companies in Viet Nam expect their business to be up for public listing in the next three years, according to a report produced by Grant Thornton.
Only China, India and Malaysia have a higher rate, according to the recent annual International Business Report.
The survey was conducted on...
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| Ha Tien 1 Cement to buy back shares |
| 2008-05-04 12:25:00 |
Listed firm on the Ho Chi Minh City Stock Exchange, Ha Tien 1 Cement Joint Stock Co has said it will commission the Bao Viet Securities Joint Stock Co to buy back 300,000 shares from May 5 to July 5.
The capital used to initiate the buyback will be mobilised from the company’s investment and development fund.
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| POT’s Q1 profit plunges 94.5% |
| 2008-05-04 12:22:27 |
Listed firm on the Hanoi Securities Trading Center, the Post and Telecommunication Equipment Joint Stock Co has revealed a post-tax profit of VND258 million (US$16,100) from the first quarter of the year, a plummet of 94.5% against the same period in 2007.
The company, capitalised at VND194.4 billion, pledges to...
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| Song Da No.11 earns $278,000 in Q1 |
| 2008-05-04 12:20:43 |
Song Da No.11 Joint Stock Company, a listed electrical company on the Hanoi Securities Trading Center has announced a post-tax profit of VND4.45 billion (US$278,000) in the first three months of the year, an increase of 26.3% year-on-year.
Shares in the company, coded SJE, closed at VND22,900 on Tuesday.
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| Hoa Phat earns $144 million |
| 2008-05-04 12:19:13 |
The Hoa Phat Group announced a total revenue of VND2.3 trillion (US$144 million) from the first quarter of this year, 30% of its target for the entire year.
The company expects to earn a post-tax profit of more than VND451 billion, 60% of its target figure. Hoa Phat is mainly involved in the trade and production of...
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| Bao Viet Securities to issue 30m shares |
| 2008-05-04 12:17:40 |
Bao Viet Securities Joint Stock Co, code share BVS, will issue an additional 30 million shares worth VND300 billion (US$18.7 million) on May 6 at the Ha Noi Securities Trading Centre.
The company said it intends to offer the shares to its existing shareholders at a price of VND32,000 a piece.
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| REE come to Can Tho garden party |
| 2008-05-04 12:16:40 |
Refrigeration Engineering Joint Stock Co (REE), the Sai Gon Agricultural Joint Stock Co and Siam Orchids Thailand Co will create a tropical flower garden in the Cuu Long (Mekong) Delta City of Can Tho.
The garden, covering 200ha, will be built at a cost of VND150 billion (US$9.37 million), with completion expected in...
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