News

Gold decree takes shape

The government has required the State Bank of Vietnam to ensure its draft decree on gold trading with the State’s monopoly on gold bullion production as well as the export and import of gold material for production, according to a resolution issued at the government’s monthly meeting in December.

HCM City remains top place in industrial production

Ho Chi Minh City continue to lead the country in industrial production in 2011 with a value of nearly 740 trillion VND.

HCM City aims for more exports

Export restructuring will continue in HCM City until 2015, with an emphasis on more service exports, according to officials speaking at a seminar held in HCM City on Jan. 6.

City firm to focus on hotel projects

Developing and upgrading three- to five-star hotel projects will be one of the major focuses of the Saigontourist Holding Co., in the next few years, senior officials said at a company meeting last week.

Shares rebound on bottom fishing

Shares on both national stock exchanges rebounded on Dec. 28 as many investors began to hunt bargains.

Shares stumble on low volume

Shares tumbled again yesterday on both national stock exchanges after a brief rising session on Wednesday, with the two indices losing value.

Banks to be allocated credit growth quotas

This year will be the first time credit growth is allocated by the State Bank of Vietnam for credit institutions based on performance.

Sacombank trades lift market

Trading exploded on the HCM Stock Exchange on Jan. 9 – driven largely by soaring trades in Sacombank (STB) shares and halting the recent decline of the VN-Index. However, stocks continued to slide on the Hanoi bourse due to weak demand.

Bourse eyes special foreign-investor index

Following introduction of the new benchmark VN30 index, another new stock index will probably be created to serve foreign investors, according to Le Yen Quynh, a member of the committee established to oversee the VN30.