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[2011-04-09] Poor provinces receive 2,500 classrooms
Poor provinces receive 2,500 classrooms
April, 09 2011
HA NOI — Nearly 2,500 new classrooms, libraries and laboratories have been built in 22 disadvantaged provinces nationwide under a development project in Viet Nam.
The Upper Secondary Education Development Project was launched in 2003 in a bid by the Ministry of Education and Training and the Asian Development Bank to improve the quality of secondary education in disadvantaged areas.
Around 59,000 students in the provinces of ... |
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[2011-04-05] Australia Deals Blow to SGX Takeover Bid
Australia Deals Blow to SGX Takeover Bid
APRIL 5, 2011
SYDNEY—Australia's government Tuesday handed Singapore Exchange Ltd. a severe setback in its proposed 8.4 billion Australian dollar (US$8.88 billion) takeover of main stock market operator ASX Ltd., saying the country's foreign investment regulator believes the deal isn't in the national interest.
The proposed takeover has whipped up a storm of political controversy in Australia, with lawmakers claiming the deal would erode bot... |
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[2011-04-04] Phu Yen looks to boost tourism
Phu Yen looks to boost tourism
April, 04 2011
Phu Yen — Hundreds of local and foreign scientists, cultural activists and heritage managers met on Saturday in the central province of Phu Yen to discuss solutions to promote tourism in connection with cultural heritage in the central coastal provinces.
At an international seminar held in Tuy Hoa City, participants highly valued southern central coastal region from Da Nang to Binh Thuan for its a strong economy and cultural heritage... |
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[2011-04-02] Securities firms to tighten risk controls
Securities firms to tighten risk controls
April, 02 2011
HA NOI — A circular on financial safety standards came into effect yesterday, aiming to force securities trading institutions to apply prudent measures to control risks.
The Finance Ministry's Circular No 266 regulates that securities companies and investment funds must submit a monthly report on the adequacy ratio over disposable capital to the State Securities Commission.
The ratio, calculated on disposable capital over t... |
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[2011-04-01] Rising petrol prices fail to dampen markets
Rising petrol prices fail to dampen markets
April, 01 2011
HA NOI — A surprise hike in retail petrol prices yesterday caused a few ripples on the HCM City Stock Exchange on Tuesday, thanks in a large part to positive trading by foreign investors.
The VN-Index rose 0.47 per cent on the day to end the session at 460.04 points.
Trading remained in the doldrums, however, with only about 28 million shares changing hands, worth a combined total of VND667.6 billion (US$31.8 million).... |
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[2011-04-01] Shares rise in HCM City, stall in Ha Noi
Shares rise in HCM City, stall in Ha Noi
Thứ 6, 01/04/2011
HA NOI — The VN-Index gained another 0.24 per cent yesterday to close at 461.13 points, but trading on the HCM City Stock Exchange remained in the doldrums, declining 19 per cent from the previous day's session to just VND541.8 billion (US$25.9 million), on a volume of under 28 million shares.
Decliners outnumbered gainers by 114-94, with 11 codes rising to their ceiling prices and 11 dropping to their floor p... |
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[2011-04-01] Shareholders to meet by video
Shareholders to meet by video
April, 01 2011
HA NOI — Listed companies are considering the option of holding general shareholders meetings by video conferencing as a way to attract a legal quorum of shareholders to the meetings.
Refrigeration & Electrical Engineering (REE) has become the first listed company to conduct link shareholders at multiple sites when its meeting opened yesterday in HCM City and Ha Noi.
REE chairman Nguyen Thi Mai Thanh told the newspaper Securiti... |
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[2011-04-01] Shareholders pressure KLS to remain in brokerage business
Shareholders pressure KLS to remain in brokerage business
April, 01 2011
HA NOI — Kim Long Securities Co deputy director Pham Vinh Thanh announced that, following a general shareholders meeting on March 19 that failed to achieve a quorum, the company would abandon plans to leave the brokerage business and concentrate on property and corporate investment.
The move followed a flood of complaints from shareholders.
The wave of negativity from shareholders forced the board to reve... |
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[2011-03-11] Investors snap up bargain shares
Investors snap up bargain shares
March, 11 2011
HA NOI — Stocks made a surprise recovery on the HCM City Stock Exchange yesterday, with the VN-Index gaining 2.55 per cent to end the day at 482.49 points. The value of the day's trades rose sharply to VND976.9 billion (US$45.4 million), with a total volume of 46.1 million shares.
"There wasn't any news today, so we were surprised by such a happy session," said Nguyen Thanh Binh, head of research for a Ha Noi-based securities com... |
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[2011-03-11] Exchange launches annual report contest
Exchange launches annual report contest
March, 11 2011
HCM CITY — HCM Stock Exchange in coordination with the Dau Tu Chung Khoan (Securities Investment) magazine and fund manager Dragon Capital announced yesterday this year's annual report contest for listed companies on the country's two exchanges in HCM City and Ha Noi.
The contest targets at encouraging the companies to improve professionalism and transparency in making their reports, to be better known to investors.
The o... |
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[2011-03-08] Fund invests in Asia Chemicals Corporation
Fund invests in Asia Chemicals Corporation
March, 08 2011
HCM CITY — Mekong Enterprise Fund II (MEF II), managed by Mekong Capital, has invested US$3.4 million in Asia Chemical Corporation, a specialty chemicals distribution company in Viet Nam.
This is the 10th investment of MEF II since its launch in June 2006.
Nguyen Thien Truc, ACC's CEO and founder, said: "Demand in Viet Nam for ingredients and specialty chemicals is rising rapidly on the back of explosive consumption gro... |
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[2011-03-07] Shares up in HCM City, down in Ha Noi
Shares up in HCM City, down in Ha Noi
March, 07 2011
HA NOI – The VN-Index climbed by another 1.96 per cent this morning to finish Monday's trades at 468.22 points, thanks to heavy gains of many blue chips.
However, trading value fell 26 per cent to just over VND547.4 billion (US$26.1 million) while the volume of the day's trades dropped 28 per cent to 23.6 million shares.
Gainers outnumbered losers by 134-73 with most blue chips rising.
Among large capitalised shares, four hi... |
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[2011-03-07] Policies put shares into nosedive
Policies put shares into nosedive
March, 07 2011
HA NOI — Stocks indices retreated substantially last week on both the HCM City and Ha Noi exchanges as investors reacted negatively to State Bank of Viet Nam moves to tighten monetary policy, as well as to the unexpected exit from the brokerage business by Kim Long Securities Co, a leading share on the Ha Noi bourse.
The State Bank instruction to commercial banks to limit consumer loans and lending for securities or real estate ... |
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[2011-03-05] Brokerages sniff at tight margin ratio
Brokerages sniff at tight margin ratio
March, 05 2011
HA NOI — Stock brokerages would be allowed to conduct margin trading under a proposed regulation currently being drafted by the State Securities Commission, although margins would be limited to a ratio of 30:70.
Brokerages would be able to loan up to 30 per cent of the value of the trade, while the investor would be required to front the remaining 70 per cent.
Margin trading services are already provided informally by many... |
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[2011-03-05] Blue chips drive modest gains for Index
Blue chips drive modest gains for Index
March, 05 2011
HA NOI — Buoyed by the rebound of some major blue chips on the HCM City Stock Exchange yesterday, the VN-Index made a modest recovery, gaining 1.52 per cent over Thursday's session to close at 459.23.
Shares of insurer Bao Viet Holdings (BVH) and conglomerate Masan Group (MSN) hit their ceiling prices, while Vincom (VIC) rose 3.3 per cent. These three codes alone accounted for a 1.3 per cent gain in the Index.
Amon... |
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