PM approves bank's equitisation plan

MHB was established as a state-owned bank in 1997. Since then, its asset value has reached nearly VND51.4 trillion ($2.5 billion), 171 times its initial worth. The move follows the earliers equitisation of Vietcombank (VCB) and Vietinbank (CTG) – which are now listed on the HCM Stock Exchange.

Listed firms post fourth-quarter losses

On the Ha Noi Stock Exchange, eight firms announced losses for 2010. Viet Hai Shipping and Real Properties Co (VSP) suffered the biggest loss of VND359 billion ($18.4 million), while Kim Long Securities (KLS) lost nearly VND173 billion ($8.9 million).

Banks hesitate over joining stock exchange

The Military Bank (MB) got the nod from the State Bank of Vietnam (SBV) to be listed on Ho Chi Minh City Stock Exchange (HoSE) in the second quarter of 2010. MB is of banks with good growth potential. In 2010, the bank reaped more than VND2 trillion ($100 million) in pre-tax profits, exceeding its projections and reported a return-on-equity (ROE) rate of around 30 per cent, a high-level compared to the bank sector’s average.

Economy set to cool in 2011 after red hot 2010

Tony Hsun, managing director for a close-end infrastructure fund listed on the London Stock Exchange’s AIM market, said: “The worst is over for Vietnam in 2011. The economy will be less uncertain and there will be more positive elements, especially the government’s pro-stability stance with estimated gross domestic product (GDP) target for whole year of 7.2-7.5 per cent. “The stock market will be renewed with vigor and confidence as VN-Index is cheap versus region and bad macro news already priced in November 2010. P/E is 10x versus regional average 12x-16x.”

Markets react with indifference to news of double-digit inflation

On the HCM City Stock Exchange yesterday, the VN-Index declined, but by a modest 0.56 per cent to 472.76 points. The value of trades reached VND1.4 trillion (US$66.7 million) on a volume of 55.8 million shares. On the Ha Noi Stock Exchange, the HNX-Index closed essentially unchanged at 111.19 points. Volume remained modest with 30.9 million shares changing hands, worth a total of VND592.9 billion ($28.2 million).

Exposure brings State-owned banks under scrutiny

Although Vietcombank and Vietinbank have already made initial public offerings and listed shares on the stock exchange, the nominally ‘joint-stock’ banks continue to be substantially State-owned. The central bank decision aims to gauge the progress of these banks to reorganise under a corporate model, as well as evaluate the role of State capital representatives in the management of the banks.

Shares recede after two-day rally

On the HCM City Stock Exchange yesterday, the VN-Index closed off 2.69 per cent to 480.21 points. Trading volume declined 15.5 per cent from the previous session to around 80.8 million shares, worth a total of VND1.9 trillion (US$95 million). On the Ha Noi Stock Exchange, the HNX-Index retreated by 4.29 per cent to end the session at 115.43 points. The volume of trades decined by 27 per cent to about 57.7 million shares, for a total value of VND1.1 trillion ($55 million).


Habeco’s thirst to re-enter the market

Last week, the Hanoi Stock Exchange (HNX) announced Habeco’s auction of 6.954 million shares at an initial price of VND32,000 per share. The total share volume offering for the auction accounted for 3 per cent of its chartered capital of VND2,318 billion ($122 million).

Vietnam group eyes London secondary listing

A number of Vietnam’s biggest listed companies, including dairy group Vinamilk and lender PetroVietnam Finance, have been looking to complete secondary listings in Singapore. But their plans are on hold because of the global financial crisis. The main stock market in communist-run Vietnam, the Ho Chi Minh Stock Exchange, is only 10 years old and just a handful of pioneer foreign investors have bought shares on it given the market’s size, lack of liquidity and concerns about corporate governance.

Thai Hoa coffee firm secures Vietnam listing permit

The Hanoi Stock Exchange granted Thai Hoa an initial approval to list 55 million shares, representing the company's registered capital of 550 billion dong ($28.2 million), it said in a statement seen on Tuesday. Thai Hoa Chairman and Chief Executive Nguyen Van An told Reuters last week that the Hanoi-based firm planned to make its share debut in December. VinaCapital Group, an asset management firm, has bought a 10 percent stake in Thai Hoa, An said.

Stocks sag despite heavier trades

The volume of trades rose 17.3 percent over Nov. 15's session to 34.5 million shares, worth a total of 726.1 billion VND (34.6 million USD).  Sell orders accounted for 77 percent of total trading orders on the HCM Stock Exchange on Nov. 16, causing 196 listed stocks to decline.

Vietnam’s PV Gas share sale drawing tepid investor interest

Only about two-thirds of the 94.75 million common shares of PV Gas on offer — representing about 5% of the company — have been spoken for, according to the information on the HoChiMinh Stock Exchange website, meaning that there is unlikely to be any deviation from the published offer price of Vietnamese dong 31,000 ($1.57).

Vietnam Devalues Currency as Stock Market Declines

The dong dropped 1.1 percent to 19,320 per dollar as of 11:22 a.m. (August 18, 2010) in Hanoi, after touching a record-low 19,425 as the central bank lowered the reference rate by 2 percent. The Ho Chi Minh City Stock Exchange’s VN Index dropped 1.7 percent to 455.49, extending its decline from the May peak to 17 percent, near the 20 percent that would indicate a bear market.

BusinessTradeVietnamGovernmentFDIWorld economyVietnamese PartyEconomyEconomicMarketState managementPrime MinisterHCM cityHanoiHo Chi MinhCPIAsianWorldAmericaEuropeNguyen Tan DungHau GiangMekong DeltariceStandingMekongCambodiausajapanchinakoreaLai ChauHoa BinhHoi AnChu LaiQuang NamDa nangCan thoSon LaPower PlantMinistry of IndustryDung QuatOilSingaporeThailandMalaysiaIndonesiaLaosVietnameseFDI capitalinvestorsforeign investorNetherlandsUSservicetransportationinfrastructuretourismVNPostExpressSpainGoldTra fishexportcontractstouristMiddle AreaConstructionShipbuildingIndustryCompanyIndustrial ZonebudgetDong NaiBinh DuongVung TauTay NinhBinh PhuocTay NinhLong AnTien GiangUS investorshydropower plantQuang NinhNha TrangStock ExchangeHNXIndexcapitalAgricultureDong ThapAn GiangExport-Processing ZoneYen BaiLao CaiLai ChauDien BienSon LaHoa BinhPhu ThoHa GiangTuyen QuangBac KanLang SonCao BangmanufacturersAseanRussiadevelopmentAviationinflationHong KongAmericanChamber of CommerceSeafoodODAWBIMFFEDAsia-PacificAssociationcountriesEuropeanmarine economyThanh HoaNghe AnNam DinhHa TinhPhu LýVinh PhucBac NinhBac GiangHung YenHai DuongBinh ThuanBinh PhuocLam DongGia LaiKon tumQuang NgaiQuang BinhQuang TriNinh ThuanCa MauBac LieuSoc TrangTra VinhKien GiangVinh LongBen TreincomespoliciesLawassetsNatural GasBuildingstatisticsstrategyDa Latmineral exploitationprocessingindustrieselectricitywatersupplyEnterprisesforestryfisherycommunicationsreal estatetransportationCorruptionbauxiteSecuritiesInsuranceBankFinanceAccountgoodsTrade BalancecoffeeCoalfestivalHa NamNinh BinhHoa BinhUniversityArtsBooktravelVietnam VisaVisaPagodaCommitteePeople's CommitteeVinashincompaniesHoa PhatHSBCACBvietcombankvietinbank

Copyright 2010 © 
Powered by: CIINS Design by: