The State Bank of Vietnam’s branch in Ho Chi Minh City has reported that the volume of remittances transferred into the city by overseas Vietnamease rose in the first seven months of this year, thanks to the worldwide economic recovery. According to the branch, total volume is estimated to reach US$2,235 billion, a year-on-year increase of

View original post here:
HCM City’s inbound remittance swells in first seven months

VNStockNews.com – The southern bourse-listed Bank for Foreign Trade of Vietnam (Vietcombank – coded VCB) announced to gain net revenue of 2.416 trillion dong in Q2, raising the progressive revenue in first half of this year to 4.188 trillion dong, up 40.7 percent against the same period of last year. In the first six months of 2010, the bank reported earning accumulative profit from trading

Go here to see the original:
Vietcombank gains accumulative profit of 2.146tr dong in first six months

FPT Corporation, another giant in Vietnam’s communications sector, is seeking approval from Cambodian authorities to build a telecom network with a capital of between US$6 million and US$10 million in the country, a senior official said.

View original post here:
Vietnam FPT to Invest US$10M in Cambodia Telecom Market

The recent appreciation of the Japanese yen (JPY) against the U.S. dollar (USD) and Vietnam dong (VND) is likely to boost Japanese investments into Vietnam. One USD is now against just JPY88.7, compared to JPY180 or even JPY300 in previous years

Here is the original post:
Stronger JPY to Boost Japan Investments in Vietnam

The U.S.’s ExxonMobil will start drilling for oil and gas offshore Vietnam by the end of this year, said James W.Sharp, vice president and chief representative of ExxonMobil Exploration and Production Vietnam Ltd. Last year, ExxonMobil and the state-run Vietnam Oil and Gas Group (PetroVietnam) agreed to cooperate in exploring oil and gas off Vietnam’s central

Read the original post:
ExxonMobil to Start Offshore Vietnam Project Late 2010

Commercial banks have moaned over a decrease in their dong deposits after cutting savings interest rates to around 11.2% per annum as committed with the Vietnam Banks Association. Dam The Thai, head of the Individual Customers Division of ABBank, said mobilizations at his bank have mostly remained unchanged after deposit interest rates were lowered. An executive at

Read this article:
Vietnam Banks Say Rate Cuts Drive Depositors Away

OneVietnam links young Vietnamese -Americans to their cultural homeland San Jose Mercury News And yet they feel disconnected from their Vietnamese heritage, even though many were born in Vietnam. “I watch my grandmother watch Vietnamese soap operas … OneVietnam links young Vietnamese -Americans to their cultural homeland Contra Costa Times all 10 news articles

It seems that big Vietnamese big stock millionaires now not only vying with each other in the amounts of shares they hold, but they also are rushing to purchase private aircrafts to serve their traveling demands. The helicopter worth nearly $5 million owned by the big stock millionaire Tran Dinh Long has arrived in Vietnam three

See original here:
Vietnamese businessmen rushing to purchase private aircrafts

VNStockNews.com – Vietnam Export Import Bank (Eximbank) EIB: * H1 2010 net profit up 15 pct at $43 mln * Says assets up 12.6 pct since December 2009 at 73.71 trillion dong ($3.86 billion) * Says H1 loans at $2.25 billion, deposits at $2.47 billion NOTE: Eximbank is 15 percent owned by SMFG (8316.T). ($1=19,095 dong)

Read the original here:
Eximbank says H1 net profit up 15 pct year/year

VNStockNews.com – The Vietnam Joint Stock Commercial Bank for Industry and Trade CTG (VietinBank): * H1 gross profit at $139 mln, 66.5 pct of annual target * Says H1 assets up 21 pct vs Dec. 2009 at $15.39 billion * Says H1 loans at $9.74 billion, deposits at $8.13 billion NOTE: VietinBank is the country’s largest partly private lender by assets. ($1=19,095 dong)

Read the original post:
VietinBank says H1 gross profit hits $139 mln