Vietnam may reach 5m securities accounts in next decade

Vietnam’s stock market may reach at least five million securities accounts in the next decade from the current 800,000 accounts like Korean and Chinese markets, Hwang Sung So, managing director of Woori Securities and Investment Co (Woori I&S) announced. The announcement was made in the opening ceremony of Woori CBV branch in HCM City last [...]

VN-Index marks strongest fall in three months

The Vietnam’s stock market on March 16 suddenly fell strongly on both bourses, marking the strongest fall during recent three months. However, liquidity still increased sharply on both Ho Chi Minh Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX). In particular, the VN Index dropped 15.78 points or 2.97% to end at 516.08 pts with [...]

PVCI invests 350bln dong in two trade centre projects

PetroVietnam Construction Joint Stock Corp (coded PVX) has announced that its member company, PetroVietnam Construction Investment Joint Stock Co (PVCI) was preparing for investment in two real estate projects in Hanoi and Thai Nguyen province. On March 10, Hoang Mai District People’s Committee issued a decision to assign PVCI and Xuan Cau Co Ltd as [...]

Coteccons starts construction on Indochina Plaza Hanoi

Cotec Construction Joint Stock Co (coded CTD) announced to officially start construction works on the Indochina Plaza Hanoi project at No 239 Xuan Thuy St, Cau Giay Dist, Hanoi City on March 13, 2010. The Indochina Plaza Hanoi is located in a site of about 16,600 square metres, including 2 basements and three towers of [...]

Vietnam Reserves Slump by 35%, VinaSecurities Says

Vietnam’s foreign-currency reserves declined about 35 percent to around $15 billion by the end of last year, according to VinaSecurities Joint-Stock Co., the brokerage unit of the country’s biggest fund manager. The holdings have dropped from $23 billion at the end of 2008, the securities firm said in a report released today. The “foreign-currency reserves [...]

VPBank sees 4 trillion dong charter capital

Vietnam Bank for Private Enterprises (VPBank) on March 16 held the 2010 shareholder meeting and passed the capital increasing plan from 2.117 trillion to four trillion dong through two phases within this year. Particularly, the bank will hike capital by 339 billion from current 2.117 trillion to 2.456 trillion dong as the first phase via [...]

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