Posts Tagged ‘ Full Year ’

Vietnam growth holds near 6 pct as higher rates counter exports 

January 3, 2012
Vietnam growth holds near 6 pct as higher rates counter exports 

A street vendor walks past a Chanel SA store inside the Rex Hotel in downtown Ho Chi Minh City, Vietnam, on Tuesday, Dec. 27, 2011. Vietnam’s growth held near 6 percent this quarter, reducing the pressure for further monetary tightening after higher interest rates limited the boost to the economy from exports and domestic consumption. [...]

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Higher rates hurting economy 

December 11, 2010
Higher rates hurting economy 

The Hanoi-based Southeast Asia Commercial Joint Stock Bank (SeABank) on Thursday raised deposit interest rates to 18 percent early Wednesday before reduced them to 13.5 to 14 percent. Interest rates in Vietnam have soared over the past few weeks after the central bank signaled tighter monetary policies to curb inflation and stabilize the foreign exchange [...]

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Dubai’s DP World opens Vietnam container terminal

February 1, 2010
Dubai’s DP World opens Vietnam container terminal

Thousand TEU is the storage capacity available in the first phase of the Saigon Premier Container Terminal operated by DP World in Vietnam Port operator DP World, part of the Dubai World conglomerate, said on Sunday it has opened a container terminal in Vietnam, as it looks to meet demand in the intra-Asia market and [...]

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Vietnam was ‘pro-active’, ‘forceful’ on rate moves, ANZ says

January 21, 2010
Vietnam was ‘pro-active’, ‘forceful’ on rate moves, ANZ says

The State Bank of Vietnam building in Ly Thuong Kiet St., Hanoi Vietnam’s central bank was “pro- active” and “forceful” in raising interest rates last year, which may limit the extent of further increases in borrowing costs in 2010, Australia & New Zealand Banking Group Ltd. said. The Southeast Asian nation’s central bank boosted its [...]

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Vietnam growth far stronger than expected, Citigroup says

January 9, 2010
Vietnam growth far stronger than expected, Citigroup says

Vietnam’s shipments of electronic products and garments are rebounding Vietnam’s fourth-quarter growth exceeded market expectations and the country’s full-year expansion was “far more resilient” than the rest of Asia with the exception of China, Citigroup Inc. said. The economy expanded 6.9 percent on-year in the fourth quarter, up from a revised 6.04 percent in the [...]

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Vietnam growth was far stronger than expected, Citigroup says

January 7, 2010
Vietnam growth was far stronger than expected, Citigroup says

Vietnam’s fourth-quarter growth exceeded market expectations and the country’s full-year expansion was “far more resilient” than the rest of Asia with the exception of China, Citigroup Inc. said. The economy expanded 6.9 percent on-year in the fourth quarter, up from a revised 6.04 percent in the third quarter, and grew 5.32 percent for the full [...]

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Vietnam’s economy grows 6.9 pct, fastest pace this year

December 31, 2009
Vietnam’s economy grows 6.9 pct, fastest pace this year

Vietnam’s economy expanded at the fastest pace in more than a year in the fourth quarter as lending growth fueled construction and consumer sales. Gross domestic product grew 6.9 percent from a year earlier after a revised 6.04 percent gain in the third quarter, the General Statistics Office said in Hanoi Thursday. For 2009 overall, [...]

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Saigon-Hanoi Bank beats full-year target in 9 months

October 21, 2009
Saigon-Hanoi Bank beats full-year target in 9 months

Saigon-Hanoi Joint Stock Commercial Bank (SHB) has announced a pretax profit of VND336.47 billion (US$18.8 million) for the first nine months of the year, 0.14 percent more than its projection for all of 2009. In consequence, the Hanoi-based lender has raised its full-year target for pretax profit to VND405 billion and anticipates paying a 12-percent [...]

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PetroVietnam Finance 9-month profit exceeds full-year target

October 13, 2009
PetroVietnam Finance 9-month profit exceeds full-year target

PetroVietnam Finance Co., a unit of Vietnam Oil & Gas Group, said pretax profit exceeded its full- year target in the January-September period as the stock market rebound boosted its equity investments. Pretax earnings reached VND762 billion (US$42.7 million) in the nine months to end-September, equal to 191 percent of the company’s full-year target, it [...]

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Vietnam import fall slows; trade gap is $6.5 billion

September 29, 2009
Vietnam import fall slows; trade gap is $6.5 billion

While steel imports dropped 36 percent by value to $3.82 billion, by volume purchases rose 1 percent to 7.31 million tons Vietnam’s import decline slowed, indicating its economy is accelerating as companies buy machinery and steel from abroad to fuel production. The trade deficit narrowed. Imports fell 25 percent through September from a year earlier [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...