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BusinessCAAV says VietAir formation in progress3/10/2010 1:17:18 AMVietnam Business - HCMC - The Civil Aviation Administration of Vietnam (CAAV) has yet to receive a full application for VietAir as stakeholders are still preparing a project to establish this joint-stock airline company. Feb auto sales down 34% on ebbing demand3/10/2010Vietnam Business - HCMC – February sales of all Vietnam Automobile Manufacturers Association (VAMA) members but domestic firm Vinamotor dipped a staggering 34% year-on-year to nearly 4,400 units due to lax demand, according to association figures released on Monday. Capital needed to turn the market rosy3/10/2010Vietnam Markets - For many people, the local property market has weathered the storm and is believed to be on track of recovery after a long hibernation because of the credit tightening policy and economic downturn. Practitioners on the market even made a fearless forecast, saying the local property market would repeat its circle of development and probably kick off another boom this year. In addition, the fact that gold trading centers have been closed this month will make investors shift their money to other channels, including the property market which is theoretically believed to be safer than other fields. 
Many overseas Vietnamese want to buy apartments, property3/10/2010Vietnam Markets - HCMC - Some 400 Vietnamese living abroad, or Viet Kieu, gathered at the Sunrise City complex project in HCMC’s District 7 last week for a meeting, with many of them showing keen interest to buy houses or invest in the property sector in Vietnam. 
Short-term uptrend consolidated3/10/2010Vietnam Finance - HCMC – The southern bourse had a fairly good trading week with the index climbing higher and the market’s liquidity improving, suggesting that the local stock market is moving forward slowly but firmly, said securities companies. 
Western Bank backs off from listing3/10/2010Vietnam Finance - HCMC – Western Commercial Bank has asked for permission to withdraw listing procedures from the Hochiminh Stock Exchange after getting initial listing approval from the stock regulator. Eximbank joins GlobePass card network3/10/2010Vietnam Finance - HCMC – Vietnam Export Import Commercial Bank, or Eximbank, on Monday officially joined Japan’s GlobePass Alliance, allowing cardholders of the bank to enjoy international payment benefits when traveling abroad. ACE Life continues to achieve record growth in 20093/10/2010Vietnam Finance - [QQ]HCMC - ACE Life Insurance Co. Ltd. continued to see its business jumping ahead last year with premiums amounting to nearly VND490 billion, or about US$26 million, a sharp increase of 59% year on year, the company said in a statement. 
Enterprises shift to dollar loans for lower rate3/10/2010Vietnam Finance - HCMC – As Vietnam dong lending rates continue to rise, many banks encourage their customers to borrow U.S. dollars instead to take advantage of the currency’s lower lending rate. Many enterprises have swapped their dong loans for dollars too. |
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