Saturday, July 12, 2014

The Business Times: HOSE sees busy year for securities trading

The Business Times: HOSE sees busy year for securities trading

Link to Vietnam Business News

HOSE sees busy year for securities trading

Posted: 11 Jul 2014 09:02 PM PDT

HCM City Stock Exchange expects securities trading to thrive till this year-end, riding on initial public offerings by State-owned enterprises and the operation of the first domestic exchange-traded fund. According to Tran Anh Dao, the bourse”s Deputy Director, Viet Nam National Textile and Garment Group (Vinatex) and Viet Nam Vegetable Oils Industry Corporation (Vocarimex) would […]

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Vietnam’s first exchange-traded fund makes debut

Posted: 11 Jul 2014 09:02 PM PDT

The Vietnam Fund Management Company (VFM) has launched an exchange-traded fund (ETF) which tracks the VN30 index of the southern bourse. The ETF VFMVN30, the first of its kind in Vietnam, was granted an initial public offering (IPO) certificate by the State Securities Commission (SSC) on July 4. The fund is managed by VFM and […]

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Hanoi real estate prices increase in second quarter

Posted: 11 Jul 2014 08:59 PM PDT

With rising sales, the prices of villas/townhouse and apartments in Hanoi are also escalating in the second quarter of this year. According to a quarterly report released on July 9 by Savills Vietnam Ltd Company, on the Hanoi property market in Q2, the average primary price was approximately 41.7 million VND (1,966 USD) per square […]

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SBV Governor: Big banks also to be restructured

Posted: 11 Jul 2014 08:37 PM PDT

Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh said that from now to the year’s end, the SBV will begin restructuring big commercial joint stock banks, as was done with small banks. Speaking at a meeting to review the banking sector during in the first six months of this year, Governor Binh […]

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Super rich in Vietnam triple in past decade: WB report

Posted: 11 Jul 2014 08:09 PM PDT

World Bank (WB) senior economist Gabriel Demonbynes on July 8 unveiled at a press conference in Hanoi that the number of super rich in Vietnam has tripled over the past decade. Super rich, inflation, oil rig Haiyang 981 Additionally, according to global real estate giant Knight Frank, the country had roughly 110 "ultra high net […]

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US adjusts import tariff on Vietnamese Pangasius fish

Posted: 11 Jul 2014 08:01 PM PDT

The US Department of Commerce (DOC) has announced its preliminary determination adjusting tariffs on Vietnamese frozen tra (Pangasius) fillets imported into the US. According to the US-based Vietnam Trade Office (VTO), the DOC decided to impose import tariffs from zero to US$2.39 per kilogram on Vietnamese Pangasius fillets in the 10th administrative review (POR 10) […]

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PetroVietnam has new chairman

Posted: 11 Jul 2014 07:51 PM PDT

Deputy General Director Nguyen Xuan Son has been appointed as chairman of the Vietnam Oil and Gas Group (PetroVietnam), replacing Mr. Do Van Hau. According to the Prime Minister's decision, Son assumed the new post on July 8. The selection of the new chair for PetroVietnam began in mid-June. Son was the only candidate recommended […]

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Businesses urged to avoid overdependence on China

Posted: 11 Jul 2014 07:48 PM PDT

The value of Vietnam exports outpaced the GDP growth rate by threefold in the first six months of the year, jumping up 15% over last year's same period to US$71 billion. While these statistics bode well for booming economic prospects in the short-term, leading economists caution more market diversification in exports is needed to pave […]

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Banks are victims of Chinese counterfeit-card crimes

Posted: 11 Jul 2014 07:48 PM PDT

The Vietnamese police have warned that banks have become targets of international card crimes, with most of them originating in China. PC50, the police department that fight hi-tech crimes, has discovered a ring of Chinese criminals who use counterfeit credit cards to withdraw billions of dong from big Vietnamese banks. Police said the Chinese suspects […]

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Fruit and vegetable exports enjoy fertile growth

Posted: 11 Jul 2014 07:47 PM PDT

Fruit and vegetable exports have outpaced the national average in recent times, making agriculture one of the leading export sectors. Fruit and vegetables grossed US$658 million from exports in the first half of 2014, an increase of 132% against the same period last year, meeting 54.83% of this year's plan. Last year, their export value […]

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