January 23, 2010
SBV has sounded the final call for passengers to join the banking flight, placing additional pressure on lenders with chartered capital under the standard level. Local banks may face challenges when raising their chartered capital this year Local credit institutions have to submit their increased chartered capital plans to the State Bank before March 31. [...]
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December 31, 2009
LookAtVietnam – The global economic recession has slowed foreign direct investment (FDI). FDI in Vietnam for 2009 is equal to 30 percent of that in 2008. According to Thoi Bao Kinh Te Vietnam, the 10 biggest FDI investment projects in terms of registered capital in 2009 include six real estate projects, two projects in accommodation [...]
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December 29, 2009
The VN Index continuously broke records. This and more have been cited as the outstanding features of the stock market in 2009. Hanoi Stock Exchange celebrates its 1000th trading sessionVN Index breaks a lot of records Due to the 2008 financial storm and the tightened monetary policy, the stock market fell sharply in the first months [...]
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December 23, 2009
LookAtVietnam – It is expected that some 10 banks will list on the bourse in the time to come. Western Joint Stock Bank on November 18 said that it had got the approval from the Governor of the State Bank of Vietnam to list shares at the HCM City Stock Exchange (HOSE). The bank said [...]
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December 4, 2009
LookAtVietnam – Standard Chartered Bank predicts foreign capital inflow into Vietnam will increase significantly despite an export growth slowdown. The bank’s team believes domestic consumption will still be the driving force of Vietnam’s economy in 2010. The Government of Vietnam will strengthen investments in infrastructure in 2010 in order to boost economic development. However, Standard [...]
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December 1, 2009
LookAtVietnam – Vietnam is set to release a decision to lift the ceiling on foreign ownership ratio in local businesses to 49 percent. The good news for foreign investors was released by deputy chairman of the State Securities Commission (SSC) Nguyen Doan Hung on November 30 at the workshop on the capital and finance market [...]
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November 30, 2009
LookAtVietnam – International organizations have released reports lauding the decision by SBV to adjust the dong/dollar rate and basic interest rate. The International Monetary Fund (IMF) considers the move by SBV to be a positive signal about the government’s determination to tackle macroeconomic risks. “I think the decisions that they have announced … signal that they [...]
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November 27, 2009
A bank staff counts US dollar notes at an Asia Commercial Bank branch in Ho Chi Minh City The central bank has devalued the dong and raised interest rates earlier than expected in an attempt to rein in accelerating inflation and a widening trade deficit that is eroding confidence in the local currency. The State [...]
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October 30, 2009
Hotels ready for Asian Indoor Games’ guests, athletes; Ooc Om Boc fest gets going in Soc Trang Province; Russian tourists arrive on chartered flights All 45 hotels across the country designated for accommodating athletes and guests at the Asian Indoor Games III are well prepared for the regional sports event.All 45 hotels across the country [...]
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October 29, 2009
LookAtVietnam – Commercial banks are getting set to provide loans to fund electricity grid development together. According to the National Power Transmission Corporation (NPT), in 2008, the corporation had to spend 8,500 billion dong ($500 million) to invest in power network development. The required investment will increase year after year. In 2010, NPT will need 11,700 [...]
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