The Business Times: Police arrest three top leaders of Vietnam Construction Bank

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• Police arrest three top leaders of Vietnam Construction Bank
• Lacking skilled workers, Chinese contractors stop project
• Cheap Nokia phones still on store shelves
• Nike, Adidas eye Vietnamese market
• Vietnam asked to stabilize exchange rate to minimize risks of public/private projects
• Apartment Prices in HCMC Continue Easing: CBRE
• Property Stocks Hit $3.9Bln: MoC
• July 29: Vietnam Stocks Rebound in Late Trading, Moody Upgrade Supports
• OCB Posts VND128 Bln Pre-tax Profit in 6 Months
• ABBank Posts VND122 Bln After-tax Profit in 6 Months

Police arrest three top leaders of Vietnam Construction Bank Posted: 29 Jul 2014 07:36 PM PDT The Ministry of Public Security arrested three former senior officials at the Vietnam Bank for Construction (VNBC) for criminal investigation late Tuesday, a source told Thanh Nien. Pham Cong Danh, 49, former chairman of VNBC, Phan Thanh Mai, 43, the bank's former general director and Mai Huu Khuong, 31, former board member of the bank, […] The post Police arrest three top leaders of Vietnam Construction Bank appeared first on Vietnam Business News.

Lacking skilled workers, Chinese contractors stop project Posted: 29 Jul 2014 06:40 PM PDT Chinese contractors at the Thuong Kon Tum hydropower plant have threatened to stop the project, citing problems in worker recruitment. The Chinese contractors on July 22 sent a notice to the project investor, the Vinh Son – Song Hinh Hydropower JSC, informing them of their decision to stop the execution of one of the package […] The post Lacking skilled workers, Chinese contractors stop project appeared first on Vietnam Business News.

Cheap Nokia phones still on store shelves Posted: 29 Jul 2014 06:35 PM PDT Some retailers have announced to maintain Nokia's low-cost phones, including Nokia 105 and 106 models, on their store shelves. The retailers confirmed they would continue selling the products normally in the coming time despite rumors that Nokia phones will not be sold on the local market from next month. Microsoft Mobile has also rejected the […] The post Cheap Nokia phones still on store shelves appeared first on Vietnam Business News.

Nike, Adidas eye Vietnamese market Posted: 29 Jul 2014 05:26 PM PDT In the first half of the year, a number of the world's leading footwear makers like Nike, Adidas and Puma have shifted their orders from China and Bangladesh to Vietnam. The Vietnam Leather and Footwear Association (Lefaso) reported that Target Sourcing Services – one of the world's largest distributors – and Dansu group have conducted […] The post Nike, Adidas eye Vietnamese market appeared first on Vietnam Business News.

Vietnam asked to stabilize exchange rate to minimize risks of public/private projects Posted: 29 Jul 2014 09:42 AM PDT Vietnam is considering new policies on foreign exchange management in order to help minimize exchange rate fluctuation risks for PPP (private public partnership) project developers. Hiroshi Wantanabe, general director of JBIC, the Japan international cooperation bank, said at a meeting on July 16 with the Ministry of Planning and Investment that Vietnam should apply measures […] The post Vietnam asked to stabilize exchange rate to minimize risks of public/private projects appeared first on Vietnam Business News.

Apartment Prices in HCMC Continue Easing: CBRE Posted: 29 Jul 2014 09:35 AM PDT In the first quarter of 2014, apartment transactions in Ho Chi Minh City (HCMC) nearly doubled that of a year ago while prices continued falling in a narrow range, Vnexpress.net reported, citing information from CBRE Vietnam. Comparing with Q4/2013, transactions in Q1/2014 surged below 10%. In the past 3 months, HCMC sold about 2,600 apartments, […] The post Apartment Prices in HCMC Continue Easing: CBRE appeared first on Vietnam Business News.

Property Stocks Hit $3.9Bln: MoC Posted: 29 Jul 2014 09:34 AM PDT Vietnam's real estate stocks were estimated at VND83.52 trillion ($3.93 billion) at the end of the second quarter of this year, down VND526 billion from end of the first quarter, baohaiquan.vn reported, citing data from the Ministry of Construction. In which, apartment inventory were estimated at 17,445 units worth VND26.5 trillion, stocks of low-rise apartments […] The post Property Stocks Hit $3.9Bln: MoC appeared first on Vietnam Business News.

July 29: Vietnam Stocks Rebound in Late Trading, Moody Upgrade Supports Posted: 29 Jul 2014 09:32 AM PDT Vietnamese stocks rose in late trading with low liquidity on support of the news that Moody upgreaded Vietnam”s senior unsecured bonds to B1 from B2, citing macroeconomic stability and a strengthening in the balance of payments and external payments position of the country. The benchmark VN Index added 2.79 points or 0.47% to 592.24. Volume […] The post July 29: Vietnam Stocks Rebound in Late Trading, Moody Upgrade Supports appeared first on Vietnam Business News.

OCB Posts VND128 Bln Pre-tax Profit in 6 Months Posted: 29 Jul 2014 09:30 AM PDT Orient Commercial Joint Stock Bank (OCB) has just announced results for the first 6 months of operations, local newswire DVO reported. In the first 6 months, its profit before tax was VND128 billion, achieving 73% of the year's plan. By the end of June 2014, the bank's total assets reached VND30.873 trillion, or 91.9% of […] The post OCB Posts VND128 Bln Pre-tax Profit in 6 Months appeared first on Vietnam Business News.

ABBank Posts VND122 Bln After-tax Profit in 6 Months Posted: 29 Jul 2014 09:29 AM PDT An Binh Commercial Joint Stock Bank (ABBank) has just announced the business results of the second quarter and the first six months of the year, local newswire NDH reported. In the second quarter, the bank earned VND66.9 billion before-tax profit, down 21% from VND84 billion of the same quarter last year. The greatest impact to […] The post ABBank Posts VND122 Bln After-tax Profit in 6 Months appeared first on Vietnam Business News.

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