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Bond yield falls to lowest level since Mar 2011

After three bond tenders since early 2012, the State Treasury has raised 11.78 trillion dong with the gradually decreasing yield after each bond tender to touch the lowest since the end of March 2011. On February 16, Hanoi Stock Exchange (HNX) organized a bond tender for seven trillion dong worth of government-guaranteed bonds issued by [...]

New policies needed to increase investor trust among investors

Vietnam needs to develop specific policies and measures that will increase investors’ trust, economists said at a Super Investors Day held yesterday in HCM City. The event attracted the participation of renowned entrepreneurs and economists to discuss macro-economic issues, investment opportunities and financial investment channels for 2012. Nguyen Tan Thang, an economist at the HCM [...]

State Treasury successfully raises 4tr dong worth of bonds

Hanoi Stock Exchange (HNX) has recently reported the tender results of governmentguaranteed bonds issued by the State Treasury on February 16, 2012. In details, the total offered volume was four trillion dong for two tenors of 3-years (two trillion dong) and 5-years (two trillion dong). For 3-year tenor bond, the bid volume was up to [...]

1tr dong worth of treasury bills to be tendered on Feb 20

The State Bank of Vietnam (SBV)’s transaction office has lately announced to organise a tender for one trillion dong worth of treasury bills on February 20. Accordingly, the offered volume would be one trillion dong. The tender will apply the competitive coupon rate method. The deadline for submitting the bidding documents is at 1:30 pm [...]

Apartments in GreenBay project offered at 12.6m dong/ sqm

Syrena Vietnam Production Investment and Development Joint Stock Co announced to inaugurate the model apartment for GreenBay Residential Complex sited in Hungv Thang new urban area, Bai Chay, Ha Long, Quang Ninh province. The GreenBay Apartment Complex would be situated in Ha Long Marina urban area with total area of 287 hectares in Quang Ninh [...]

Gold recovers, dollar slides

Price of gold in Vietnam regained VND100,000 per tael (1.2 ounces) over the previous day on February 17 as global price recovered on hope that Greece has finally done enough to secure a bailout next Monday to avoid default. Sacombank Jewellery Company bought gold at VND44.45 million and sold at VND44.8 million as of 8 [...]

New SBV’s instruction doesn’t bring high hopes to stock market

The central bank’s Instruction No 1 on the monetary policies to be implemented in 2012 does not show any considerable opportunities for the stock market. After the blue-chip price decreases in the two consecutive trading sessions, the stock price increased again on February 14, thus making people think that the recovery of the stock prices, [...]

Gold reverses previous gain

Price of gold in Vietnam erased previous gain on February 16 as global price edged down at the trading session in Asia this morning after rising at the trading session in New York last night. Sacombank Jewellery Company bought gold at VND44.45 million and sold at VND44.75 million as of 8.45 am Vietnamese time. Saigon [...]

Property market needs solid legal footing

The domestic property market needs a legal system that can manage activities on the market and develop housing and apartment building for lease projects, said the deputy prime minister. Deputy Prime Minister Hoang Trung Hai said while meeting the central steering committee of housing policy and real estate market on Tuesday that this year, the [...]

Property firms see profits dwindling to zero

Most property companies saw their profits last year declining almost to nil compared to the previous year as the gloomy market continued to adversely affect their operations. A sharp revenue drop and a build-up of unsold products caused by weak demand in the apartment segment coupled with rising borrowing costs have led to the poor [...]

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