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by Thien Ly

18th Dinh Thien Ly Chairty Walk to be organised in HCM City

18th Dinh Thien Ly Chairty Walk to be organised in HCM City

The 18th Dinh Thien Ly Charity Walk will be organised at the Crescent Lake area in District 7 of HCM City on January 7.
Power firms seek foreign funding as loans become expensive, hard to get

Power firms seek foreign funding as loans become expensive, hard to get

The quickest and most effective way to raise funding for power projects is to enter into an alliance with foreign investors, Nguyen Anh Tuan, general director of Phu Yen TTP Joint Stock Company, said.
Edible oil producers import tax cut looms

Edible oil producers import tax cut looms

Analysts said the biggest problem for the domestic edible oil sector is that 90 per cent of raw materials they use are imported, mainly from Indonesia and Malaysia.
Local banks set bar low for profits in 2016

Local banks set bar low for profits in 2016

Despite solid results last year, VPBank announced a modest profit target for this year at its recent annual general meeting — 3.2 trillion (US$143.5 million) or a year-on-year increase of just VND200 billion.
Protective import tax sends steel prices soaring

Protective import tax sends steel prices soaring

A spokesperson for Song Da No2 Joint Stock Company (SD2) called up a magazine to grumble that steel prices have skyrocketed, pushing up costs for his company by billions of dong since the prices started to rise.
Local banks ploughing money into aviation sector

Local banks ploughing money into aviation sector

The Viet Nam Technological and Commercial Joint Stock Bank (Techcombank) will pick up a 49 per cent stake in VASCO after committing to inject VND147 billion (US$6.53 million) into the restructured carrier.
Small, medium firms attract foreign investors

Small, medium firms attract foreign investors

Since early February the ASEAN Deep Value Fund has been acquiring more shares of Hong Ha Viet Nam Joint Stock Company (PHH) and Thanh Nam Investment and Construction Joint Stock Company (CSC).
Banks willing to take risk, move abroad

Banks willing to take risk, move abroad

The Ha Noi-Sai Gon Commercial Joint Stock Bank (SHB) opened its fully-owned SHB Bank Limited in Laos in mid-January by upgrading the transaction office it had set up in 2012.
Are banks reviving love affair with property?

Are banks reviving love affair with property?

The HCMC Development Commercial Bank (HDBank) has signed an agreement with the Saigon Real Estate Joint Stock Company (SAIGONRES) to provide credit and financial guarantees.
Real estate gains from stock market doubts

Real estate gains from stock market doubts

Tran Thanh Vu, general director of a construction and building materials trading company that is listed in HCM City, recently decided to sell some of his stock holding in his company when its share appreciated by more than 400 per cent.
Closeness to schools, an important factor in buying housing

Closeness to schools, an important factor in buying housing

Adjacency to educational facilities remains the main consideration for customers while buying a new house or a new apartment.
Bank credit floods back into housing market

Bank credit floods back into housing market

According to the State Bank of Viet Nam, in the first eight months of the year banking credit grew at 10.23 per cent compared to 4.33 per cent a year earlier. It is expected to grow at 15-17 per cent this year.
Forex rates to remain under pressure

Forex rates to remain under pressure

One of the prominent economic happenings globally in recent times is the appreciation of the US dollar, which has affected most countries including Viet Nam.
MA picks up speed in banking

M&A picks up speed in banking

At an extraordinary meeting on July 11 Sacombank shareholders approved plans to merge with Southern bank and issue three-fourths of a share for each share of the latter.
Seaports attract investment from major firms

Seaports attract investment from major firms

According to the HCM City Stock Exchange, Sai Gon Port Company Limited will make its initial public offering (IPO) on June 30.