VNStockNews.com – Saigon Thuong Tin Commercial Joint Stock Bank (Sacombank – coded STB) has lately announced to gain accumulative profit after tax in the first half of this year of 1.029 trillion dong, up 49.5 percent in comparison with the same period of 2009. In details, within the period of April-June, Sacombank reported gaining revenue of over 2.467 trillion dong, with net revenue from

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Sacombank posts profit of 1.029tr dong in H1

Housing Development Joint Stock Commercial Bank (HDBank) posted a pre-tax profit of VND132 billion (US$6.94 million) in the first six months of the year, fulfilling 44 per cent of its target for this year. The bank also ran outstanding loans of VND7.4 trillion ($391.6 million), up 17 per cent over the same period last year.

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HDBank profits reach $6 million in first half

The first Kia Cerato-Forte rolled out from the Thaco Kia Auto Plant in Quang Nam Province late last week. Tran Ba Duong, president and CEO of Truong Hai Auto Corporation (Thaco), said it was the first Kia car to be assembled outside Kia production lines in South Korea

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First new Kia auto rolls off assembly line

We spent all of two days in Da Lat exploring in and around on a motorbike tour. Well the others had pretty motorbikes and I was left with the moped because i’m the smallest! On the first day we visite.

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Vietnam to Thailand

Vietnam’s trade deficit in the first seven months of this year will reach $7.44 billion, nearly double the figure during the same period last year, a state-run newspaper reported on Monday. January to July imports rose 25.5 percent from a year earlier to an estimated $45.71 billion, while exports rose 17.5 percent to $38.27 billion, the

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Vietnam January-July trade gap doubles to $7.44b-report

VNStockNews.com – The southern bourse listed PetroVietnam Joint Stock Finance Corporation (PVFC – coded PVF) has released the H1 financial reports with accumulative profit after tax of 244 billion dong, fulfilling 50 percent of the year plan but down 32 percent against the same period of last year.

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PetroVietnam Finance Corp. earns net profit of 244b dong in H1

The number of businesses exporting aquatic products to Brazil has now increased to four, double that of 2009, said the Vietnam Association for Seafood Exporters and Producers. In the first six months of this year, Vietnam exported to Brazil 5,800 tonnes of tra fish worth about US$12 million and 18 tonnes of other fresh and frozen

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More companies export aquatic products to Brazil

Many insurance companies announced their business results for the second quarter and the first half of 2010. They show that insurers do not earn their living from services – their main operation field – but from financial investments. In an investors’ meeting held before making IPO (initial public offering), representatives of BIDV Insurance Company (BIC) noted

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Where do insurer’s incomes originate?

Steel pipe manufacturers in Vietnam are trying to export steel pipe products to the US. However, in the first period of “conquering” the US market, turnover is not the most important factor for Vietnamese exporters

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Vietnam cautiously exports steel pipe to the US

Although in the first half of 2010, earning approximately 50 percent of yearly targeted profit, banks still are facing pressure on the reimbursement of their yearly profit plan as revenues contributing to the profits are mostly expected from credits.

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Heavy pressure on banks to maintain profit targets in second half