Vietnam Business News

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• Vietnam aims to boost rice crop for food security
• Is the road for 4G service easy in Vietnam?
• 1.24 trillion dong to build specialised cement port in central
• Real estate developer starts 24b dong construction project
• Stock market continues going down November 12
• Top 50 listed firms gain good business result: Broker
• ABBank allowed to hike chartered capital
• TrustBank sets up 100b dong debt management offshoot
• Vietnam central bank calls to cool down interest rates
• Western Bank allowed to issue valuable papers

Vietnam aims to boost rice crop for food security Posted: 12 Nov 2010 12:39 AM PST Vietnam vowed to maintain current rice crop areas and boost yields to ensure supplies remain adequate in the face of demand pressures from a fast-growing population as well as the effects of climate change. Skip related content The government’s pledge of security of food supplies touched a key agenda topic at two conferences that opened in [...]

Is the road for 4G service easy in Vietnam? Posted: 12 Nov 2010 12:38 AM PST The Vietnam Post and Telecommunications Corp (VNPT) and Alltech Telecom (Russia) have signed an agreement to establish a joint venture company named RusViet Telecom, which provides fourth generation (4G) internet broadband service based on Long-term Evolution (LTE) technology. In early October, the first LTE base transceiver station (BTS) was installed and transmitted signal successfully, located in [...]

1.24 trillion dong to build specialised cement port in central Posted: 12 Nov 2010 12:36 AM PST People's Committee of Thua Thien Hue province has recently granted investment license for International Transport Development and Investment Joint Stock Co to invest 1.24 trillion dong in building Dong Lam specialised cement port in My Hoa hamlet, Dien Loc commune, Phong Dien district, in the central province of Thua Thien Hue. The 110 hectare project including [...]

Real estate developer starts 24b dong construction project Posted: 12 Nov 2010 12:30 AM PST Tan Ky Construction and Real Estate Trading Joint Stock Co (coded TKC) announced to sign the construction agreement with Truong Son Traditional Pharmaceutical Co for conducting the bidding packages of foundation, basement, framework for Truong Son high-rise building. The new building will be sited at No 155-157-159 AB Le Dai Hanh St, Ward 13, Dist 11, [...]

Stock market continues going down November 12 Posted: 12 Nov 2010 12:28 AM PST The last trading session of this week (November 12) continued witnessing another downfall of Vietnam’s stock market when the VN Index slipped to nearly 440 points and HNX at 100 point threshold. Specialists said that the macro uncertainty continued to weigh heavily on the stock market and investors remained indifferent and wait patiently for changes on [...]

Top 50 listed firms gain good business result: Broker Posted: 12 Nov 2010 12:27 AM PST Blue-chips stocks have found interest of foreign investors over the past months as most of big listed companies posted good financial indicators in three first quarters of 2010, while their stock price remained low. According to Hoa Binh Securities JSC. (HBS), the current group of 50 largest stocks accounts for 71.75 percent of the total Vietnamese [...]

ABBank allowed to hike chartered capital Posted: 12 Nov 2010 12:26 AM PST State Bank of Vietnam (SBV)'s governor on November 10 issued a Document No 8731/NHNN-TTGSNH allowing An Binh Commercial Joint Stock Bank (ABBank) to scale up chartered capital. Under it, ABBank is allowed to hike its chartered capital from over 3.48 trillion dong to over 3.83 trillion dong. Reportedly, till the end of October, ABBank gained 604.5 billion [...]

TrustBank sets up 100b dong debt management offshoot Posted: 12 Nov 2010 12:26 AM PST State Bank of Vietnam (SBV)’s governor on November 10 agreed Great Trust Commercial Joint Stock Co Bank (TrustBank) to establish Dai Tin (Great Trust) Asset Exploitation and Debt Management One-member Co. Ltd (TBA). Accordingly, TBA headquartered at No 25-27 Truong Van Bang, ward 2, Tan An city in the southern province of Long An will have [...]

Vietnam central bank calls to cool down interest rates Posted: 12 Nov 2010 12:25 AM PST With many banks raising deposit interest rates simultaneously, State Bank of Vietnam (SBV) Governor November 11 convened an urgent meeting with leaders of the members of the open market to make intervention on the market. Shortly after this SBV action, interest rates on the inter-bank market cooled down. Earlier on November 11, many commercial banks had [...]

Western Bank allowed to issue valuable papers Posted: 11 Nov 2010 10:35 PM PST Under the Decision No 2623/QD-NHNN issued by the State Bank of Vietnam (SBV) on November 8, 2010, Western Commercial Joint Stock Bank (Western Bank) has been allowed to offer long-term valuable papers in 2010 with the total face value of 500 billion dong including 400 billion dong in dong and 100 billion dong in US [...]

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