Vietnam Business News

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• Vietnam’s Stocks to Climb 41% Amid Global Recovery, PXP Says
• Need for tight regulations on share issuance
• V15 estimates gaining 10b dong of H1 profit
• Issuing convertible bonds – good solution for capital mobilisation
• Annual Report Awards quickly gain prestige
• Hoa Phat Prices VND800 Bln 3-Year Notes -Lead Manager
• HDBank earns 132b dong profit in H1
• Vietnamese firms focus more on Cambodia
• Asia seeks to step up regional energy cooperation
• Trade deficit climbs to $7b

Vietnam’s Stocks to Climb 41% Amid Global Recovery, PXP Says Posted: 26 Jul 2010 12:13 AM PDT Vietnam stocks, Southeast Asia's worst performers this year, may climb as much as 41 percent as a global recovery prompts investors to pour money into emerging markets, according to PXP Vietnam Asset Management. The Ho Chi Minh City Stock Exchange's VN Index may climb as high as 700 "at some point during this year," and return [...]

Need for tight regulations on share issuance Posted: 26 Jul 2010 12:13 AM PDT The massive hike in share issuance and the rush to list shares on the bourse calls for tight regulations on share issuance and listing to ensure that capital mobilised is used for right purposes. Capital mobilisation on the bourse due to inaccessible bank loans The State Securities Commission granted licenses to businesses to list shares worth over [...]

V15 estimates gaining 10b dong of H1 profit Posted: 26 Jul 2010 12:09 AM PDT Construction Joint Stock Company No 15 (coded V15) estimated gaining over 60 billion dong of revenue, over 10 billion dong of pre-tax profit in Q2. In the first six months, the company’s accumulative revenue and profit were posted at 94 billion dong and 12.4 billion dong respectively, said Truong Hai Trieu, the company’s chair of management [...]

Issuing convertible bonds – good solution for capital mobilisation Posted: 26 Jul 2010 12:06 AM PDT Issuance of convertible bonds is being regarded as a good solution for capital mobilisation. Two months after listing more than 22 million convertible bonds with total face value of 1.450 trillion dong at the end of last year, Hoang Anh Gia Lai Joint Stock Company (HAG) has re-consulted its shareholders in writing about the new issuance [...]

Annual Report Awards quickly gain prestige Posted: 26 Jul 2010 12:05 AM PDT VIR's Annual Report Awards 2010 have honoured listed domestic companies' efforts towards highly professional financial reports. The third Annual Report Awards (ARAs) last week highlighted 30 companies out of more than 500 listed on Vietnam's two bourses, the Ho Chi Minh Stock Exchange (HoSE) and Hanoi Stock Exchange (HNX), which turned out outstanding work in their [...]

Hoa Phat Prices VND800 Bln 3-Year Notes -Lead Manager Posted: 26 Jul 2010 12:04 AM PDT Vietnam’s Hoa Phat Group Joint Stock Co. (HPG), the manufacturing and trading company, has priced a three-year VND800 billion (US$43.14 million) bond issue, lead manager ANZ Bank said Monday. The notes carry a fixed coupon of 14.5% for their first year and a floating rate of 3.50% over the 12-month deposit rate thereafter and will be [...]

HDBank earns 132b dong profit in H1 Posted: 26 Jul 2010 12:02 AM PDT HDBank gained 132 billion dong of pre-tax profit in first six months, fulfilling 44 percent of the year plan, up 5 percent year-on-year. Up to June 30, the bank raised its assets up to 22 billion dong, meeting nearly 90 percent of the year plan and rising 52.39 percent year-on-year. The bank has working capital of 19.636 [...]

Vietnamese firms focus more on Cambodia Posted: 25 Jul 2010 09:37 PM PDT Vietnam's business groups have revved up investment in Cambodia and actively contributed to the local social security programmes, said the Association of Vietnamese Investors in Cambodia (AVIC). At a review meeting in Siem Reap city on July 25, the AVIC said Vietnam has become the third largest foreign investor in Cambodia, after China and the Republic [...]

Asia seeks to step up regional energy cooperation Posted: 25 Jul 2010 08:31 PM PDT Southeast Asia, China, Japan and South Korea will step up cooperation in areas such energy-security, oil stockpiling, natural gas, renewable energy and conservation, regional statements said on Friday. The 10-state Association of South East Asian Nation and China, Japan, South Korea and New Zealand will jointly “monitor the price-hike effect of the recent recovery in energy [...]

Trade deficit climbs to $7b Posted: 25 Jul 2010 08:22 PM PDT The country’s trade deficit is expected to hit nearly US$7 billion in the first seven months of the year, accounting for 19.8 per cent of total export revenue, according to Viet Nam General Department of Customs. Export revenue in the first seven months of the year reached $35.21 billion, an increase of 18.2 per cent compared [...]

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