HOSE & HNX to pause trading on national holidays

The Hochiminh Stock Exchange (HOSE) and the Hanoi Stock Exchange (HNX) announce the holiday schedule on the national holiday occasions in April and May as follows: The Hochiminh Stock Exchange (HOSE) and the Hanoi Stock Exchange (HNX) announce the holiday schedule on the national holiday occasions in April and May as follows: The two exchanges [...]

Crude oil exports increase, along with petroleum imports

The total value of Vietnam’s crude oil exports is estimated to have gone up by 15.7%, while petrol imports have risen by more than 50% in the first quarter. According to the General Statistic Office (GSO)’s estimates, the country brought in USD1.55 billion from its oil exports of 1.96 million metric tonnes of crude oil [...]

M&As ready to alter business landscaspe

Mergers and acquisitions (M&A) will become more prominent in 2011, SMiC law firm deputy general director Le Dinh Vinh tells VIR. What are your predictions for M&A trends in Vietnam this year? Generally, 2011 has four key factors that will encourage M&As in Vietnam. The first is the impact of the global economic crisis on [...]

FMO lends Sacombank $150Mln to support SMEs

Finance for Development (FMO), the Netherlands’ entrepreneurial development bank on March 30 pledged a 10-year syndicated loan of $150million through Sacombank to support local small and medium-sized enterprises (SMEs). Finance for Development (FMO), the Netherlands’ entrepreneurial development bank on March 30 pledged a 10-year syndicated loan of $150million through Sacombank to support local small and [...]

Lien Viet Bank appointed to serve $900mln ADB loan

The State Bank of Vietnam (SBV) on March 301 appointed Lien Viet Joint Stock Commercial Bank to serve a loan of over $900million funded by the Asian Development Bank (ADB), the central bank announced on its website. The ADB loan agreement was signed between Vietnam and ADB on November 9, 2010 which aims to finance [...]

Fuel prices hike raises CPI by 0.4%: MOF

Vietnam consumer price index(CPI) will rise by 0.4%, directly reflecting the recent fuel prices hike on March 29 Vietnam consumer price index(CPI) will rise by 0.4%, directly reflecting the recent fuel prices hike on March 29, Nguyen Tien Thoa, the Ministry of Finance’s Head of Price Control Department told local media behind the government’s regular [...]

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