Foreigners Net Buyers Of VND24.7 Billion Of Shares Wednesday

VNStockNews.com - Foreign investors were net buyers of VND24.7 billion ($ 1.34 million) of Vietnamese stocks out of a total VND3.21 trillion traded Wednesday, the Ho Chi Minh Stock Exchange said.

Volume traded totaled 67.4 million shares, with foreigners accounting for 5.7% of that amount, the stock market operator said.

Foreign investors have been net sellers of VND52.6 billion of Vietnamese stocks so far this month. (Dow Jones) >>Full Story...

Tienphong Bank prepares for IPO

VNStockNews.com - Tienphong Bank has received a nod from the State Securities Commission to issue a public offering of 50 million shares totalling VND500 billion (US$26.31 million) in value.

The face value was set at VND10,000 per share and they must be issued no later than March 23.

Dao Trong Khanh, chief executive officer of the Ha Noi-based bank, said that capital generated from the sale would be used to develop more extensive business and expand the network.

The bank announced yesterday it earned VND164.7 billion ($8.67 million) in pre-tax profits and had total assets of VND10.74 trillion ($565 million) at the end of 2009.

Tienphong Bank, which has VND1.25 trillion ($65.79 million) in charter capital, was founded by the Corporation for Financing and Promoting Technology (FPT), the Viet Nam Mobile Services (VMS) Mobifone and the Viet Nam National Reinsurance Corporation (Vinare).

The bank has branches in Ha Noi and HCM City and aims to expand to Can Tho, Da Nang and Hai Phong.

It was founded in June 2008. >>Full Story...

Govt sells 36.5pct of dollar bond issue

VNStockNews.com - About 36.5 per cent of US$200 million in government bonds were sold at 2009’s fourth auction at Ha Noi Stock Exchange last Tuesday.

The auction attracted eight investors who bought $73 million worth of bonds with an annual interest rate of 4 per cent. The bonds have a face value of $100 each with one year maturity and are due on December 31, 2010. >>Full Story...

Listings bustle on Hanoi Stock Exchange

VNStockNews.com - There were a total of 254 listed companies on the Hanoi Stock Exchange (HNX) in 2009, up 55 percent from the previous year and worth a combined 40 trillion VND (2.2 billion USD), a year-on-year increase of 85 percent.

In 2009, HNX received listing registration documents from 104 companies and approved the listing of 69 companies, up 38 percent from the year’s target. >>Full Story...

PVFC continues private capital management mandate

VNStockNews.com - Ho Chi Minh Stock Exchange (HOSE)-listed PetroVietnam Finance Corp (PVFC-coded PVF) will continue private capital management mandate programme with attractive interest rate and many valuable gifts for customers in 2010.

Accordingly, customers when joining private capital management mandate at PVFC with minimum level of 30 million dong (or converted US dollar) will enjoy an interest rate of 10.49 percent per year in dong mandate and 3.8 percent pa as for US dollar mandate.

In addition, customers will receive many other preferential and valuable gifts at PVF's transaction sites from January 1 to February 10, 2010. >>Full Story...

EAB fulfils 2009 profit plan

VNStockNews.com - Tran Phuong Binh, general director of East Asia Commercial Joint Stock Bank (DongABank – EAB) announced lately that the bank has fulfilled the profit plan of 750 billion dong given in early 2009. Similar to other commercial banks, EAB gained profit mainly from credit activities.

Up to now, DongABank's chartered capital was posted at 3.4 trillion dong. The bank planned to increase its chartered capital to 4.5 trillion dong via issuing shares for existing shareholders.

In 2010, EAB planned to earn 1.1 trillion dong of pre-tax profit over its chartered capital of 3.4 trillion dong. The bank targeted to pay 2009 dividend of 14 percent. >>Full Story...