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.
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 on both national stock exchanges rebounded on Dec. 28 as many investors began to hunt bargains.
Shares tumbled again yesterday on both national stock exchanges after a brief rising session on Wednesday, with the two indices losing value.
This year will be the first time credit growth is allocated by the State Bank of Vietnam for credit institutions based on performance.
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.
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.
The State Bank of Vietnam (SBV) said it will maintain its interest rate cap between now and June this year.
Insurer Bao Viet Holdings (BVH) and food giant Masan Group (MSN) hit their ceiling prices on Jan. 11 on the HCM Stock Exchange, rescuing the benchmark VN-Index from a decline.
Stocks continued rising on the HCM City Stock Exchange yesterday but slid again on the Ha Noi exchange as investors continued to hold onto cash in the lead-up to the Tet (lunar new year) holiday.
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