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Vietnam to recoup $2.6b bad loans

Vietnam to recoup $2.6b bad loans

The Viet Nam Asset Management Company (VAMC) will take drastic measures to recover around VND33 trillion (US$2.6 billion) of non-performing loans (NPLs) this year, VAMC chairman Nguyen Tien Dong said.

ARA showing big changes for 10th edition

ARA showing big changes for 10th edition

Vietnam’s 2017 Annual Report Awards (ARA) programme will bring several changes to celebrate its 10th milestone.

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VN-Index rises but investors worried

VN-Index rises but investors worried

The benchmark VN-Index continued to rise yesterday but at a slower pace as investors worried about a possible correction.

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Bank restructuring and settling bad debts: We need to be more critical

Bank restructuring and settling bad debts: We need to be more critical

The State Bank of Vietnam (SBV) is drafting a "special" law to boost bank restructuring and settle bad debts, which would remove all the obstacles in the existing legal regulations.

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Sumitomo Mitsui expands leasing business with BIDV

Sumitomo Mitsui expands leasing business with BIDV

Japan’s Sumitomo Mitsui Trust Bank and Vietnam’s BIDV will join hands to expand a joint venture leasing business in Vietnam, according to Sumitomo Mitsui Trust Holdings’ latest press release.

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IB Securities to issue $26.67m of bonds

IB Securities to issue $26.67m of bonds

The Ha Noi-based IB Securities JSC plans to issue VND600 billion (US$26.67 million) worth of bonds in 2017.

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Property stocks boost VN-Index

Property stocks boost VN-Index

The benchmark VN-Index bounced back above 710 points yesterday, boosted by strong investments in property stocks as investors sought new opportunities in speculative shares.

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VN-Index retreats on rising profit-taking pressure

VN-Index retreats on rising profit-taking pressure

The benchmark VN-Index retreated to 706.2 points in Monday morning trade, down 0.23 per cent from Friday’s close, on rising profit-taking selling after it reached a nine-year high last week.

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Tracodi to list in HCM City

Tracodi to list in HCM City

Transport and Industry Development Investment Joint Stock Company (Tracodi) will list on the Hồ Chí Minh Stock Exchange in April.

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VN Index drops on profit-earning

VN Index drops on profit-earning

The VN Index on the HCM Stock Exchange pulled back from a four-day increase on Thursday as shares were hit by strong investor selling to earn profits.

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Dollar, equities stutter in Asia after Trump rally

Dollar, equities stutter in Asia after Trump rally

HONG KONG: The dollar dipped on Thursday (Feb 16) in Asia as investors brushed off another record Wall Street close and upbeat US data while the rally in stock markets stuttered.

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Large sum of money withdrawn via OMO

Large sum of money withdrawn via OMO

The State Bank of Viet Nam has withdrawn VND177 trillion (US$7.79 billion) via open market operations and the issue of treasury bills in the past week.

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Local markets slip on sliding oil prices

Local markets slip on sliding oil prices

Stocks fell on local exchanges on Tuesday morning as oil prices dropped during Monday’s overnight trading and pulled down the energy sector, while other shares were hit by strong selling.

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Money laundering all too easy in Vietnam?

Money laundering all too easy in Vietnam?

Money laundering mostly goes unpunished in Vietnam because cash is the main form of payment and relevant legislation is murky.

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Stocks draw TPP-vacated foreign interest

Stocks draw TPP-vacated foreign interest

Despite geo-political uncertainties around the globe, the Vietnamese stock market is poised for strong growth this year thanks to a flurry of new listings and the government’s drive to develop the market. Bill Stoops, chief investment officer at Dragon Capital, shared his thoughts on the situation with VIR’s Nam Phuong.

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Revenue reporting’s global makeover

Revenue reporting’s global makeover

With a new international standard for revenue reporting on the global horizon, smart local companies must look ahead of the current domestic requirements and prepare for the future.

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