Stocks & Securities
Company, bank, stock market briefs May 16
* Ho Chi Minh Stock Exchange (STC) on May 14 announced it would sell 71,516 remaining shares of Commercial Construction and Installation No 2 Joint Stock Co to investors who joined the company's previous share auction held on February 20, 2008.
May 16, 2008 - 12:02:51 PM
Stocks & Securities
Stock market bottom unfathomable
Ending the trading session on May 16 the Vietnam's central stock market ended a week by another fall, marking the tenth consecutively decreasing session. The VN Index slipped another 6.63 points or 1.42% to close at 460.04 pts with the total matching order trade of 8,131,240 shares and fund certificates worth 325 billion dong. After ten declines, the VN Index lost 62.32 points in total.
May 16, 2008 - 11:03:54 AM
Economy
Economy challenges loom
The Central Institute for Economic Management (CIEM) has recently announced an annual economic report, which released forecasts on macro economic model for Vietnam's economy in 2008 based on three scenarios:
May 16, 2008 - 7:00:00 AM
Finance
No good mornings in Vietnam for ANZ
Not content with the spilt blood at Opes prime, Tricom, Centro and the rest of the US$980 million in bad debt provisions and set asides for the March half year, the ANZ Bank is nursing another nasty multi million dollar hole.
May 16, 2008 - 7:00:00 AM
Finance
Sudden changes in banks' interest rate
Despite the negotiated interest rate of term deposit was defined at the ceiling level of 12% per annum, capital mobilisation still have slowed down. Many banks hiked the demand deposit rate from 3.6-4.8% up to 9-10% per annum. The monetary market appeared sudden changes as the demand deposit rate now nearly equals to term deposit rate.
May 16, 2008 - 7:00:00 AM
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