As of November 21, the State Treasury successfully mobilized VND65.2803 trillion from the domestic market, fulfilling 81.6% the year-target, the local newswire Vietnamplus.vn reported, citing the State Treasury’s data. The Ministry of Finance in September, 2011 adjusted down the targets for domestic mobilization to VND80 trillion from VND90 trillion set in January, 2011. The State [...]
Nov 30 2011 | Posted in
Banking-Finance |
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Vietnam was among the world’s top 16 remittance-receiving countries with about 4 million Vietnamese people who currently work, live and study in 101 countries and territories over the world. Vietnam was among the world’s top 16 remittance-receiving countries with about 4 million Vietnamese people who currently work, live and study in 101 countries and territories [...]
Nov 30 2011 | Posted in
Banking-Finance |
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Joint Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank (VCB) was estimated to book a gain of VND8.3 trillion from selling 15% stake to its foreign strategic partner, Mizuho Corporate Bank Ltd. (MHCB). Joint Stock Commercial Bank for Foreign Trade of Vietnam, or Vietcombank (VCB) was estimated to book a gain of VND8.3 [...]
Nov 30 2011 | Posted in
Banking-Finance |
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Non-SJC gold traders have almost halted their bullion production and processing for over a month now although the government’s draft decree on gold trading management has yet to take effect, the local online newspaper VnExpress.net reported. CEO of an unnamed major gold trader in Ho Chi Minh City said the company recently received the State [...]
Nov 30 2011 | Posted in
Gold |
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Vietnam’s bond market in the dong grew the fastest in Q3/2011, mounting to $17 billion and up 22.2% on-year, the local newswire reported, citing the latest report of Asian Development Bank (ADB). Of note, the country’s market for corporate bonds grew by 34.7% while that for government bonds expanded by 21.1%. The bonds market in [...]
Nov 30 2011 | Posted in
Banking-Finance |
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The UPCoM-Index, the measure of 127 unlisted public companies, closed up on Wednesday, bucking the trend of the official bourses for the second consecutive day. The index gained 0.7point or 2.25%, to close at 31.86.The gauge started with the given mark of 100 on June 24, 2009 but it has never been back to that [...]
Nov 30 2011 | Posted in
Stock |
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Vietnam is estimated to have spent $92 million to import 64,000 motocycle units in the first 11 months of this year, declining 18.1% and 23.4% for value and volume, respectively, the General Statistics Office (GSO) said. In November alone, the country is estimated to import $9 million worth of motocyles for 5,000 pieces, GSO added. [...]
Nov 30 2011 | Posted in
Automotive |
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Vietnam’s central bank set the U.S. dollar’s exchange rate at VND20,803 on Wednesday, unchanged for more than a month, after adjusting it for 14 times in October. Commercial banks are allowed to apply effective exchange rate +-1% from the official exchange rate set by the central bank, accordingly, the ceiling price for a dollar today [...]
Nov 30 2011 | Posted in
Banking-Finance |
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The Vietnam Records Book Centre (VRBC) has recognized Western Union (WU) as the largest remittance payment network in Vietnam on November 29. VRBC Director General, Le Tran Truong Anh, said at a ceremony marking its 160th anniversary that the recognition of the company was based on its effective operations in most of the cities and [...]
Nov 30 2011 | Posted in
Banking-Finance |
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The Vietnamese embassy in Italy organized two seminars on business opportunities in Vietnam on November 28-29 in the Italian cities of Carrara and Milan, respectively. Both the events aimed to accelerate economic diplomacy and promote Vietnamese goods to Italians investors. At the seminar in Carrara, Vietnamese Ambassador to Italy Dang Khanh Thoai and Trade Counsellor [...]
Nov 30 2011 | Posted in
Economy News |
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