Stocks gained slightly on the HCM City Stock Exchange on Feb. 9, with the VN-Index edging up by 0.45 percent over the previous day's session to close at 411.39 points.
President Truong Tan Sang cut a ribbon to inaugurate a branch of the Vietnam Joint Stock Commercial Bank for Industry & Trade (Vietinbank) in Vientiane, Laos, on Feb. 9.
The Saigon-Hanoi Commercial Bank (SHB) opened its doors in Phnom Penh on Feb. 9, aiming at boosting trade and economic relations with Cambodia.
The central bank plans to lower interest rates this year, but is unsure about the best time to do it.
According to an instruction issued by the Governor of the State Bank of Vietnam (SBV) Nguyen Van Binh on February 13, banks belonging to Group 4 (weak banks) will not be allocated any credit growth this year.
HA NOI — Advancers outnumberd decliners by a four-to-one margin on the HCM City Stock Exchange yesterday, pushing the VN-Index up by over 1.7 per cent to a close of 403.30 points.
Vietnam has been ranked seventh out of the 10 countries seen as having the best prospects for long-term growth, announced HSBC on the business and financial news website CNBC.com.
Vietnamese currency will be relatively more stable in 2012, the Hongkong and Shanghai Banking Corporation (HSBC) said in its report on the 2012 outlook on Vietnam’s economy, which was announced on Feb. 20.
Shares increased on both of the nation's stock exchanges on Feb. 20 on renewed investor hopes that the country might be seeing a subsidence of inflationary pressures and a concomitant easing in interest rates.
The HCM Stock Exchange (HOSE) said on Feb. 21 that it will launch afternoon trading sessions from March 5.
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