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Rising streak continues for fifth day

Vietnam Finance - HCMC – The rising momentum on the local market built up with the VN-Index rising for the fifth successive session on Tuesday, adding 6.15 points, or 1.18% from the previous session to 527.27.

HDBank, WonderBuy ink cooperation deal

HDBank, WonderBuy ink cooperation deal

Vietnam Finance - HCMC - HCMC Housing Development Commercial Bank (HDBank) on Tuesday signed a comprehensive cooperation agreement with WonderBuy, an electronic product and computer supermarket system, to better their customer services.

Cities to host seminars on job search guide

Cities to host seminars on job search guide

Vietnam Finance - Two free seminars on career planning and job search tips will take place in Hanoi and HCMC next month

Petrolimex to publicize fuel cost structure

Petrolimex to publicize fuel cost structure

Vietnam Finance - Vietnam’s biggest oil company will make public the formulas for prime cost and retail prices of petroleum products

Short-term uptrend consolidated

Short-term uptrend consolidated

Vietnam 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 listing

Western Bank backs off from listing

Vietnam 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 network

Vietnam 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 2009

Vietnam 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 rate

Enterprises shift to dollar loans for lower rate

Vietnam 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.