Friday, December 27, 2013

The Business Times: Commission certifies open-ended fund

The Business Times: Commission certifies open-ended fund

Link to Vietnam Business News

Commission certifies open-ended fund

Posted: 26 Dec 2013 11:58 PM PST

The State Securities Commission (SSC) has officially granted Vietcombank Fund Management (VCBF) a certificate to register and establish the VCBF Tactical Balanced Fund. The first trading date of the VCBF Tactical Balanced Fund will be January 2. The VCBF Tactical Balanced Fund is the first open-ended fund from VCBF which is a joint venture of […]

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Mobiles join e-commerce boom

Posted: 26 Dec 2013 11:56 PM PST

E-Commerce on mobile phones is forecast to see strong growth next year, allowing customers to easily make online purchases, according to Bizweb Viet Nam. A recent survey conducted by the website, with more than 3,500 customers on their online selling software, showed that online trading has been on the upswing this year. These industries include […]

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Property sales increase at year-end

Posted: 26 Dec 2013 11:54 PM PST

Many real estate investors have been racing to launch apartment and land lot projects onto the market in a bid to attract homebuyers at the end of the year. Nam Long Investment Joint Stock Company over a week ago introduced EHome 5 The Bridgeview in HCMC's District 7, offering 592 apartments at around VND1 billion […]

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2013 – a booming year for Vietnamese exports to US

Posted: 26 Dec 2013 11:52 PM PST

A senior trade official has hailed 2013 as a successful year for Vietnamese exporters in general, especially those ship goods to the US. Dao Tran Nhan, Minister Counsellor for Trade and head of the Vietnam Trade Office in the US, said on the fringes of the recent trade counselors' conference that Vietnam will run a […]

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State’s stakes go for a good price

Posted: 26 Dec 2013 11:49 PM PST

 Investors have arranged big money ready to disburse for the big investment deals once the State sells its stakes in some enterprises. Analysts have commented that the gloomy stock market does not mean the unattractiveness of shares or the investors' financial problems. Investors have a lot of money in their pockets, but they want to […]

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Hanoi’s most luxurious shopping center sumptuous and deserted

Posted: 26 Dec 2013 11:44 PM PST

 Trang Tien Plaza, the most luxurious shopping center and amusement park in Hanoi has also been hurt by the economic crisis, though a bright prospect was projected for it on the day of opening. Located in the central area of Hanoi, close to the legendary Hoan Kiem Lake, designed to be luxurious, Trang Tien Plaza […]

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New decree on use of foreign exchange in Vietnam

Posted: 26 Dec 2013 08:25 PM PST

The State Bank of Vietnam (SBV) has just issued Circular 32/2013/TT-NHNN guiding the implementation of regulations on restricting the use of foreign exchange in the territory of Vietnam. The Circular states that, in the territory of Vietnam, except for the cases allowed to use foreign exchange in accordance with the regulations, all transactions, payments, quotations, […]

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Vietnam c.bank net injects vnd3 bln via OMO on december 26

Posted: 26 Dec 2013 08:23 PM PST

The State Bank of Vietnam (SBV) pumped VND1,003 billion through open market operation (OMO) while withdrew VND1,000 billion, resulting in net injection of VND3 billion on Dec 25, 2013, local newswire NDH reported, citing data from SSI Research. As of December 26, the total outstanding loans on OMO were VND16,173 billion. On the day, SBV […]

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Danang suggests bond issuance

Posted: 26 Dec 2013 08:22 PM PST

Danang City's government has sought approval from the Government to issue VND3.5 trillion worth of municipal bonds after the Ministry of Finance had earlier requested the city to stop the bond issue scheme. The central coastal city is facing capital shortage, especially for basic construction. Last year, Danang issued VND1.5 trillion and expects to sell […]

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Enough cash for Tet: SBV

Posted: 26 Dec 2013 08:21 PM PST

The State Bank of Vietnam (SBV) has pledged sufficient cash to cater the demand which often skyrockets on the approach of the traditional Lunar New Year (Tet). At a press briefing in Hanoi on December 25, Deputy Governor Dao Minh Tu said the Central bank has directed localities having high demand such as Hanoi , […]

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