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July 16, 2008
Latest Company News Updates
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Company (Industry) News Title
An Binh Commercial Joint Stock Bank (ABBank)
Vietnam
The bank and French life insurer Prevoir launched the comprehensive risk insurance based on Prevoir Vietnam's products from July.
Source: Intellasia Business Brief
Descon Construction Corporation
Vietnam
The company released its business performance during the first half of 2008 with over VND171bn in net revenue from sales and services provision.
Source: Intellasia Business Brief
Eastern Asia Commercial Bank
Vietnam
Total inward remittance being transferred via bank last year was recorded at USD1bn, accounting for nearly 20% market share. The figure is expected to be USD1.2bn in 2008, up 20% year-on-year.
Source: Intellasia Business Brief
EVN Financial Joint Stock Co.
Vietnam
The company has received the licence to start operating from State Bank of Vietnam with a registered capital of VND2.5tr.
Source: VFM-Viet Wire
EXIM Bank of Vietnam
Vietnam
The bank has adjusted the deposit rate benchmark of both dong and US dollar which are increased by 0.54T.C and 0.5 - 0.72T.C. per year respectively.
Source: Intellasia Business Brief
GE International
United States
The company will organise GE Day on 25th July 2008 in Hanoi to introduce its wide range of products and services as well as strategic inventions and initiatives.
Source: Vietnam News Agency
Mirae Joint Stock Co.
Vietnam
The company would list shares on the Korean Exchange (KRX) to develop its brand name and attract investment capital from Korea partners as well as create conditions for the company's expansion plan.
Source: Intellasia Business Brief
State Securities Commission
Vietnam
The commission issued a Dispatch No 1373/UBCK-QLPH approving in principle the Hai Chau Confectionery Joint Stock Co (Haichaco) to offer shares to the public.
Source: Intellasia Business Brief
Thien Nam Trading Import Export Corporation
Vietnam
The company released the H1 business results with total revenue of VND471.47bn, a year-on-year increase of 123.75T.C., accounting for 58.93T.C of the year's target.
Source: Intellasia Business Brief
Vietnam Airlines
Vietnam
The company has reduced spendings by VND400bn in response to the government's calls for thrift.
Source: Vietnam News Agency
Vietnam Development Bank
Vietnam
The HaSTC announced that on 16th July 2008 it would hold a tender for VND500bn of G-bonds issued by the Vietnam Development Bank for the third tranche of 2008.
Source: Intellasia Business Brief
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