VNStockNews.com – The southern bourse-listed Duc Long Gia Lai Group Joint Stock Co has started operation its three projects of Duc Long Dung Quat hotel, Ta Nung hydropower plant and Duc Long Bao Loc Coach Station in Q3 of 2010. In details, by the end of September, the company’s construction project of Duc Long Bao Loc coach station will be completed, about three months earlier than expected

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Duc Long Gia Lai puts into operation three projects

VNStockNews.com – Vietnam’s benchmark VN-Index unexpectedly made a U-turn after falling freely on August 20 as investors fostered buying at the end of the trading session. The gauge of 253 companies and five mutual funds listed on the Ho Chi Minh Stock Exchange surged 0.58 percent, or 2.61 points, to close at 454.84

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Stocks wrap week on bright note

VNStockNews.com – The southern bourse announced officially to offer 10 million shares of SMC Trading Investment Joint Stock Co.  (coded SMC), including 3.663186 million for existing shareholders, 295,000 for the company’s employees and the rest for public auction. At the end of first seven months of this year, SMC gained 3.4676 trillion dong in revenue, meeting 63 percent of the year plan and 55

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SMC to offer 10mln shares

Saigon Commercial Joint Stock Bank (SCB) has fulfilled 65 percent of the year plan up to the end of July 2010. In details, the lender’s total asset value was posted at 52.47 trillion dong, increasing by 17.11 percent against the same period of last year; total capital mobilisation of 44.775 trillion dong and profit after tax

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SCB fulfils 65pct of year plan in Jan-July period

VNStockNews.com – The southern bourse-listed Dong Phu Rubber Joint Stock Co (coded DPR) announced to reach accumulative profit in Jan-July of 142.5 billion dong, fulfilling 61 percent of the year plan.

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Dong Phu rubber firm gains over 142b dong in first seven months

By the end of July, more than 130 businesses had participated in 50 rural market days in 20 provinces and cities. The Vietnam Business Studies and Assistance Centre (BSA), in coordination with the Domestic Market Department (DMD) and business associations, held a seminar in Hanoi on August 12 to discuss linking producers and distributors for the

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Linking producers and distributors

The VN-Index declined by another 2.34 per cent yesterday to finish the session at 461.67 points, with 86 per cent of codes on the HCM City Stock Exchange lighting up in red by the end of the day. Despite the slumping share values, the overall value of trades rose by 34.4 per cent over Monday’s total

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Shares feel banks’ capital squeeze

In the current context of the national economy and with an aim to promote credit growth to 25 percent this year, banks have no choice, but to reduce lending interest rates further, said banking specialists. According to the State Bank of Vietnam, by the end July, total mobilised capital grew 16.3 percent, while total outstanding loans

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Bank may cut lending interest rates further

As of the end of last month, 23 commercial banks had submitted their plans to the State Bank of Viet Nam (SBV) for increasing their charter capital to VND3 trillion (US$156.25 million) this year in accordance with new regulations. None of the plans called for a bank closure or merger with another institution, the SBV said

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Capital rules mean banks have to attract $1.56bil in four months

A sell-off in the final minutes of yesterday’s session on the HCM City Stock Exchange drove the VN-Index to a close of 486.71 points, a decline of 1.06 per cent – with the prices of 172 out of 255 listed stocks slumping by the end of the day. The value of trades remained sluggish, at VND1.2

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Shares slump after late sell-off