January 23, 2012
Vietnam’s benchmark stock index on January 19 rose the most in seven months and the currency rallied to a one-month high on speculation the central bank will cut interest rates and limit declines in the dong. The Ho Chi Minh City Stock Exchange’s VN Index climbed 3 percent to 373.43 at the 11 a.m. [...]
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January 18, 2012
Vietnam now has two stock exchanges, both of which are small Vietnam will only have one stock exchange instead of two as at present under the Finance Ministry’s plans to restructure the securities market in 2012. Under a new plan approved by the ministry last week, market reforms will focus on reorganizing the country’s stock exchanges and [...]
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January 14, 2012
A disassembled Olympus camera and its parts are seen in this illustrative photograph taken in Tokyo November 24, 2011. Private equity firm TPG Capital is willing to invest about $1 billion in Japan’s Olympus Corp in a joint deal with Sony Corp or another suitor circling the scandal-hit firm, a person familiar with TPG’s thinking [...]
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January 7, 2012
Australia & New Zealand Banking Group Ltd. will sell its stake in Vietnam’s Saigon Thuong Tin Commercial Joint-Stock Bank, known as Sacombank, as it seeks to develop its ANZ-branded business in the country. ANZ, which aims to get as much as 30 percent of its profit from the Asia-Pacific area by 2017, has received [...]
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January 3, 2012
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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December 22, 2011
Saigon Thuong Tin Commercial Joint- Stock Bank may sell as much as a 15 percent stake to Credit Suisse Group AG, the Vietnamese lender’s Chief Executive Officer said. The bank’s stock rose to the highest level in almost a month in Ho Chi Minh City. Sacombank, as the lender is known, will start negotiations [...]
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December 16, 2011
Investors at SME Securities Corp. Many stock investors are facing the risk of losing all their money as securities companies â after illegally using funds deposited by clients â are stuck in liquidity problems. Economist Dinh The Hien said a lot of stock brokerages have acted like small banks. Although they are not allowed to, [...]
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December 14, 2011
Vietnam's inflation is expected to slow to about 9 percent in 2012 and is under control, Prime Minister Nguyen Tan Dung told the Consultative Group. Vietnam may undermine progress toward economic stability if it loosens monetary policy now, the International Monetary Fund and World Bank said as the nation struggles with the fastest inflation in [...]
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December 9, 2011
A branch of First Commercial Joint-Stock Bank in Hanoi. The bank and two other Vietnamese banks plan to merge to bolster their liquidity. Three Vietnamese banks plan to merge to bolster their liquidity and cut costs as a single entity, the country’s central bank said. First Commercial Joint-Stock Bank, Tin Nghia Commercial Joint-Stock Bank and [...]
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December 5, 2011
Slowing inflation and talk of financial reforms have not boosted market sentiment as expected, and analysts are predicting the worst will not be over any time soon. Phan Dung Khanh, research manager at Kim Eng Vietnam Securities Co., said the stock market may move sideways or only recover slightly next year. Macroeconomic measures taken [...]
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TPG willing to invest $1 billion in Olympus
A disassembled Olympus camera and its parts are seen in this illustrative photograph taken in Tokyo November 24, 2011. Private equity firm TPG Capital is willing to invest about $1 billion in Japan’s Olympus Corp in a joint deal with Sony Corp or another suitor circling the scandal-hit firm, a person familiar with TPG’s thinking [...]
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