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Petrolimex stocks fall with sinking performance

Petrolimex stocks fall with sinking performance

Vietnam National Petroleum Group (Petrolimex, coded PLX), has witnessed a sharp drop in share prices after a vast wave of investors started selling its stocks and setting up stock discounts, following the drop in profitability since April 2017.

Two companies selected as strategic investors for IDICO

Two companies selected as strategic investors for IDICO

The Ministry of Construction (MoC) has announced the names of two institutions qualified to become strategic investors of the Vietnam Urban and Industrial Zone Development Investment Corporation (IDICO).

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PV Power shares to be sold at VNĐ14,400 per share

PV Power shares to be sold at VNĐ14,400 per share

PetroVietnam Power Corporation (PV Power) shares may be sold at an initial price of VND14,400 (63 US cents) per share at its initial public offering (IPO). The Ministry of Industry and Trade (MoIT) has submitted to the Prime Minister Nguyen Xuan Phuc the plan for privatisation of PV Power under the Viet Nam National Oil and Gas Group (PetroVietnam).

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HDBank invites foreign shareholders before listing

HDBank invites foreign shareholders before listing

Vietnam’s Housing Development Bank will offer 20 per cent of its shares to overseas investors, before getting listed in early 2018. 

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Firms to buy back their shares in bid to raise value

Firms to buy back their shares in bid to raise value

Seeing share prices tumbling, some companies have decided to buy back their shares in an effort to increase their value.

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New regulations on use of credit cards

New regulations on use of credit cards

Credit cardholders will not be allowed to withdraw cash worth of more than VND5 million for domestic transactions and no more than VND30 million for foreign currency.

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Bank cross-ownership, a tough problem to crack?

Bank cross-ownership, a tough problem to crack?

Vietcombank recently said it has received permission from the State Securities Commission to sell its stakes in the HCM City-based Saigon Bank for Industry and Trade (Saigonbank) and Việt Nam Cement Finance Company.

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VN-Index expected to hit 870 points this week

VN-Index expected to hit 870 points this week

The benchmark VN-Index is heading to the 870-point landmark this week with the support of large-cap stocks experts have predicted, but cautioned a likely correction after a long rally.

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Banks offer high interest rates to mobilise deposits

Banks offer high interest rates to mobilise deposits

Many banks, especially small- and medium-sized ones, are offering high interest rates and promotion programmes to compete for the mobilisation of deposits.

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Alipay signs with Napas to take on Vietnam

Alipay signs with Napas to take on Vietnam

Alipay, the leading online payment platform under Alibaba from China, signed a business co-operation agreement  with National Payment Corporation of Vietnam (Napas) on November 6.

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Government bond market sinking

Government bond market sinking

A sluggish period seems in store for the Government bond market. This follows the second November auction session at which the Vietnam State Treasury (VST) acknowledged only VND140 billion (US$6.2 million) from bond sales out of a total VND2 trillion ($89 million) on offer.

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Gold demand hits lowest level since 2009

Gold demand hits lowest level since 2009

LONDON: Global demand for gold dropped nine percent in the third quarter, hit by weak buying in key market India, industry body the World Gold Council said on Thursday (Nov 9).

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Banks, property boost VN Index

Banks, property boost VN Index

Shares advanced for a fourth session on the HCM Stock Exchange thanks to the advancement of banks, property developers and other large-cap stocks.

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Wall Street stocks finish at all-time highs; Dow hits fifth straight record

Wall Street stocks finish at all-time highs; Dow hits fifth straight record

NEW YORK: Wall Street inched to another trifecta of record closes on Wednesday (Nov 8), with the Dow finishing at its fifth straight all-time high.

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Rising capital demand puts pressure on liquidity

Rising capital demand puts pressure on liquidity

Rising capital demand in the last few months of the year has put pressure on the liquidity of the banking system.

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VN Index advances on banks, real estate firms

VN Index advances on banks, real estate firms

Shares increased on the HCM Stock Exchange on Wednesday, driven by banks and real estate firms.

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