08-08-2005 18:14
ANZ Banking Group Ltd has officially acquired a 10 per cent stake in Vietnam’s largest joint stock commercial bank, Saigon Thuong Tin Bank (Sacombank).
08-08-2005 17:41
Foreign invested enterprises (FIEs) can now float their shares on the bourse, but they will not be permitted to release 100 per cent of shares on the market, according to a new guiding circular released by the State Securities Commission (SSC) last week.
01-08-2005 18:14
The revaluation of the Chinese yuan, or renminbi (RMB), will have insignificant effects on Vietnam’s economy, officials from the State Bank of Vietnam (SBV) have reported.
25-07-2005 18:14
Fearing demand for funds will fuel an interest rate bubble, the State Bank of Vietnam (SBV) has said it will continue injecting more funds into the economy through the open market.
18-07-2005 18:14
A new move by the Saigon Thuong Tin Commercial Bank (Sacombank) to hike interest rates for savings in Vietnamese dong could spark a new interest rate war among local commercial banks, which have been under pressure to raise their rates amid fund shortages and rising prices.
11-07-2005 18:33
South Korea’s Kumho Construction & Engineering Inc. will go it alone in the long-stalled Asiana Plaza office building complex project in Ho Chi Minh City, pending approval of a proposal by local partner Saigontourist.
11-07-2005 18:14
London will do all it can to back Vietnam’s bid to develop its financial market and entice more European businesses to the country, said the lord mayor of the city, Alderman Michael Savory.
20-06-2005 18:02
The UK’s Standard Chartered Bank (SCB) has outbid its foreign rivals to acquire an 8.56 per cent stake in Vietnam’s second-largest joint-stock commercial bank, Asia Commercial Bank (ACB).
06-06-2005 18:14
British life insurer Prudential Vietnam has inked a deal to buy a 6 per cent stake in the Kinh Do Corporation, Vietnam’s leading confectionery maker.
04-05-2005 18:14
In an attempt to feed the hungry Vietnamese stock market, the Ministry of Finance (MoF) last week submitted a list of around 300 equitised enterprises for government approval to put them on the local bourse.
11-04-2005 18:14
Vietnam’s largest confectionery maker is considering a plan that would allow foreign investors to buy shares as the company sets out to boost capital.
28-03-2005 18:15
ANZ Banking Group beat rival bidders to acquire a 10 per cent stake of Vietnam’s largest joint stock commercial bank, Saigon Thuong Tin Bank (Sacombank).
21-03-2005 18:15
Many foreign investment funds have promised to pump hundreds of millions of dollars into Vietnamese businesses, offering fresh hope for domestic companies in dire need of new capital sources. As Nguyen Hong discovers, the funds offer more than just money.
07-03-2005 18:15
The Vietnam Opportunity Fund (VOF) now owns a 10 per cent stake in Vietnam’s leading confectionery maker Kinh Do, a source from VOF’s management arm VinaCapital said last week.
07-03-2005 18:02
European Union banks operating in Vietnam are now permitted to accept Vietnamese dong deposits at the same level as their American counterparts, according to a new decision issued by the State Bank of Vietnam last week.