Vietnam Business News
Vietnam Business News |
- Vietnam targets VND95.567Tln insurance revenue in 2011
- Proportion of foreign debts in US dollars rise rapidly in first half of 2010
- Huge supplies threaten stock market: experts
- Vietnam may adjust VND/USD FX rate during Tet
- Most investment funds make loss in Vietnam
- Techcombank gains profit of 2.75tr dong in 2010
- Commodity Exchange for Vietnam
- Tourism sector has new logo
- Jan 28: Vietnam gold plunges to VND35.1Mln/tael, Dollar flat
- Kien Long bank posts VND258Bln pre-tax profit in 2010
| Vietnam targets VND95.567Tln insurance revenue in 2011 Posted: 28 Jan 2011 08:02 AM PST Vietnam targets to achieve total insurance revenue of VND95.567trillion in 2011, Vietnam News Agency reported, citing Decision 171 on the state's targets of insurance revenues and expenses in 2011. Of the sum, Vietnam targets to collect VND52.042trillion of compulsory social insurance, VND150billion of voluntary social insurance, VND4.671trillion of unemployment insurance, VND26.704 of health insurance, and VND12trillion [...]
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| Proportion of foreign debts in US dollars rise rapidly in first half of 2010 Posted: 28 Jan 2011 08:02 AM PST The proportion of foreign debts in US dollars rose rapidly in the first half of 2010. The Ministry of Finance has officially published the Newsletter No.6 on foreign debts. Highlights of this newsletter include the insignificant increase of new debts, but government debts accounted for majority; the sharp increase of high interest rate debts; and the [...]
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| Huge supplies threaten stock market: experts Posted: 28 Jan 2011 08:02 AM PST Local securities experts predict that market pressure from huge stock supplies would continue this year as many enterprises are expected to list stocks or issue shares to increase capital Local securities experts predict that market pressure from huge stock supplies would continue this year as many enterprises are expected to list stocks or issue shares to [...]
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| Vietnam may adjust VND/USD FX rate during Tet Posted: 28 Jan 2011 08:02 AM PST On January 27, the VND/USD exchange rate on the free market in Hanoi traded at 20,930 – 21.000 dong/US dollar (bid and ask), according to Lao Dong newspaper. Compared with the exchange rate that was quoted on the banking system at 19.500 dong/US dollar, the exchange rate on the free market is now higher than 10.7 [...]
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| Most investment funds make loss in Vietnam Posted: 28 Jan 2011 08:02 AM PST With 384.066 billion dong loss of three investment funds VF1, VF4, VFA in 2010, many investors have questioned the management of Vietnam Fund Management Company (VFM). With total net asset value (NAV) in late 2010 was estimated at 3.087 trillion dong, the loss in 2010 was 384.066 billion dong, equivalent to the reduction rate of the [...]
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| Techcombank gains profit of 2.75tr dong in 2010 Posted: 28 Jan 2011 03:32 AM PST By the end of 2010, Vietnam Technological Commercial Joint Stock Bank (Techcombank) reported maintaining high growth rate among the group of commercial joint stock banks. In details, the bank announced to reach total pre-tax profit of 2.75 trillion dong, total asset value of 150 trillion dong, a year-on-year increase of 62 percent. The lender reported raising [...]
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| Commodity Exchange for Vietnam Posted: 28 Jan 2011 03:26 AM PST Commodity exchanges are popular around the world but a fresh concept for Vietnam. Vietnam Commodity Exchange (VNX) general director Nguyen Duy Phuong explains the benefits to VietnamInvestment Review. Could you give us some brief introduction to VNX? The Vietnam Commodity Exchange is the first of its kind in Vietnam licenced by the Ministry of Industry and Trade [...]
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| Posted: 28 Jan 2011 03:25 AM PST The Vietnam National Administration of Tourism on January 26 selected a new logo with a star, five colors, and a slogan "Vietnam – A different orient" as the new symbol of the Vietnamese tourism industry. The winning entry will be used for the 2011-2015 period, replacing the existing slogan "Vietnam – the Hidden Charm". Cowan Vietnam Company [...]
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| Jan 28: Vietnam gold plunges to VND35.1Mln/tael, Dollar flat Posted: 28 Jan 2011 03:19 AM PST Local gold prices on January 28 plunged to VND35.1million/tael, down over VND300,000 from yesterday as global gold hit the four-month low of $1,308 an ounce. Meanwhile, dollar prices held steady at VND21,000 in the free market. At 2 p.m., Sacombank-SBJ in Ho Chi Minh was listed at VND35.04million/tael and VND35.07 million/tael for bid and ask, respectively. Bid [...]
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| Kien Long bank posts VND258Bln pre-tax profit in 2010 Posted: 28 Jan 2011 03:18 AM PST Kien Long Joint Stock Commercial Bank has posted a pre-tax profit of over VND258billion in 2010, meeting its year-target, the state-run online newspaper VnEconomy reported January 28. Last year, the unlisted bank achieved a total asset of nearly VND12.628billion, up 69% from 2009, the state media reported. Kien Long bank has raised its charter capital to VND3trillion [...]
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