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Vague trend dampens bourse investors’ spirits
“While there is no clear trend appearing, both buyers and sellers were reluctant to make any moves, causing a considerable decrease in market trading,” said Ngo Van Minh, head of Saigon Hanoi...
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Bourse needs to cool its heels
Calls are growing for the overheating stock market to have a cooling down period. Since the indexes of Ho Chi Minh and Hanoi bourses bottomed out by the end of February, at 235.5 points and 78 points...
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Small stocks think big
After a significant rise in blue-chip stocks, penny stocks are now taking centre stage and leading the stock market. Over the last two weeks, money has been flowing into good penny stocks instead of...
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Record trade volumes hint at recovery phase
The Vietnamese stock market last week achieved its highest-ever trading volume, restoring confidence in its long-term prospects. The market recorded a new high trading volume of over 118 million...
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Financial management yet to come up to scratch
Stories of lax financial discipline last week heated up the National Assembly hall. Do Manh Hung, a National Assembly delegate from Thai Nguyen province, said Vietnam’s financial discipline had...
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Eagle eyes on giants’ spending
The government will strictly manage state-run giants’ state budget-sourced investment spending during 2010. The National Assembly Finance and Budget Committee said that next year, the Ministry of...
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Credit growth fears to limit loans
The rollover of 2009 loan subsidy programme funds could be limited due to safety restrictions. Nguyen Thi Kim Thanh, head of the State Bank’s Banking Development Institute, said around VND10 trillion...
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Buffeting winds retreat from the forex market
Larger volumes of liquidity provided by authorities and positive reactions from market participants have stabilised the forex market. According to an Eximbank source, the State Bank had recently sped...
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Lenders shift to cautious moves
Two months is a long time in the financial management of the economy. In May during a government month-end press conference, Prime Minister Nguyen Tan Dung said: “Pro-growth monetary policies always...
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Dollar supply fears still lurking
The nation’s trade deficit is under control, but concerns about Vietnam’s supply of US dollars have intensified. Vo Thi Sanh, vice head of BIDV’s Treasury Department, said though the banking system’s...
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