Hanoi Stock Exchange (HNX)’s general director on April 25 signed Decision No 177/QD-SGDHN amending the securities transaction regulations on the northern bourse. Similar to the amendment of the transaction regulations on UPCoM market a month ago, this amendment relates to the regulations on trading band and reference price on the northern bourse in the first [...]
Report from Ministry of Industry and Trade showed in April, due to supply exceeded demand, many enterprises planned to offload commodities, so the steel price saw a standstill and tended to fall. In particular, Pomina Steel Joint Stock Co in South lowered the steel price by 400,000 dong per tone. The steel retail price in [...]
Phu Nhuan Jewellery Joint Stock Co (PNJ) on April 28 kicked off construction on Vietnam’s largest PNJ jewellery production factory with an estimated capacity of four million products per year. The PNJ jewellery factory located at No 176/6 Duong Quang Ham, Go Vap district, HCM City and designed by DongALand Real Estate Joint Stock Co [...]
SaigonBank has approved the 2011 business plan in the annual general meeting with targeted pre-tax profit of 350 billion dong and dividend payment of 11 percent. Last year, the bank posted to gain total profit of 321.18 billion dong. As planned, SaigonBank will raise chartered capital to 3.5 trillion dong in 2011, increasing by 42 [...]
Vietnam Association of Financial Investors (Vafi) has recently offered six measures to improve the payment balance in foreign currency, lessen the country’s trade deficit situation and increase the country’s foreign currencies reserve. Particularly, those measures include the abolishment of gold ingots trading freely, speeding up the equitisation process for large scaled state-run enterprises, increase FDI [...]
In an interview, Dam Duc Long, Secretary-General of Vietnam Financial Leasing Association cum director of Vietinbank Financial Leasing Co talked problems that have occurred in the financial leasing activities. Facing the violations of Agribank Financial Leasing Company II, it is suggested that restrictions should be tightened on the operation of financial leasing companies. Financial leasing [...]
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