Vietnam's SSI to remove foreign ownership cap from Sept

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Báo Thanh Niên English 7 day(s) ago

Vietnam's SSI to remove foreign ownership cap from Sept

Vietnam's Saigon Securities Inc said on Friday it would remove the foreign ownership cap on its shares from next month, in line with a government effort to boost investment in the stock market.

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Vietnam index posts biggest single-day jump in 15 months

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Báo Thanh Niên English 1 week(s) ago

Vietnam's benchmark VN Index ended up 3 percent on Wednesday, its biggest jump in 15 months, after the government reassured it will maintain the country's economic growth target and keep the dollar/dong rate stable until the year-end.

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Vietnam index falls 2.7 pct in higher volume

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Báo Thanh Niên English 1 week(s) ago

Vietnam index falls 2.7 pct in higher volume

Vietnam's benchmark VN Index fell 2.68 percent at the break on Friday, trimming losses in early trade as investors sold energy and banking stocks among other blue chips, lifting volumes.

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China funds hold $161 billion in 'ammunition' to re-enter stock market: media

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Báo Thanh Niên English 1 month(s) ago

China funds hold $161 billion in 'ammunition' to re-enter stock market: media

Close to 300 China funds that oversee more than 1 trillion yuan ($161.04 billion) are sitting on the sidelines with "ammunition" to enter the stock markets at any time, the Shanghai Securities News reported on Friday, citing its own calculations.

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Samsung Display to invest extra $3 bln to boost Vietnam output: source

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Báo Thanh Niên English 1 month(s) ago

Samsung Display to invest extra $3 bln to boost Vietnam output: source

A subsidiary of Samsung Electronics Co Ltd plans to increase its investment in Vietnam by an additional $3 billion to boost display module production capacity, a person with direct knowledge of the matter told Reuters on Friday.

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Vietnam bank BIDV plans foreign stake sales in 2016

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Báo Tuổi Trẻ English 2 month(s) ago

Vietnam bank BIDV plans foreign stake sales in 2016

Vietnamese lender BIDV, the country's biggest partly private bank by assets, said it could sell stakes to foreign strategic partners next year, as the Southeast Asian nation further opens up its economy to outsiders.

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Vietnam allows 1 percent dong depreciation

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Báo Thanh Niên English 4 month(s) ago 3 related news

Vietnam has lowered the mid-point rate for trading its currency on the interbank market by 0.99 percent to 21,673 dong per dollar on Thursday, the central bank said via its data feed on Reuters Eikon system, its second depreciation this year.

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World Bank's pension investments clash with principles

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Báo Thanh Niên English 4 month(s) ago

World Bank's pension investments clash with principles

The World Bank indirectly invests part of its $18.8 billion staff pension fund in companies in industries such as coal and tobacco, holdings that clash with the development institution's own calls for ethical and low-carbon investing.

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Vietnam bonds at multi-month low on banks' lower liquidity

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Báo Thanh Niên English 4 month(s) ago

Vietnam bonds at multi-month low on banks' lower liquidity

Vietnamese bond prices hit their lowest in several months as banks, major buyers of debt assets, reported lower liquidity and as the state seeks to keep down its borrowing.

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Singapore: monetary policy unchanged

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VietnamPlus English 5 month(s) ago

Given this year’s stable growth and inflation, the Monetary Authority of Singapore (MAS) announced its intent to maintain “modest and gradual appreciations” in the currency policy band to mitigate risks of price fluctuation.

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Vietnam's Eximbank in merger talks with a local bank: sources

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VOV News English 5 month(s) ago

Vietnam's Eximbank in merger talks with a local bank: sources

Vietnam's Eximbank, 15.07% owned by Japan's Sumitomo Mitsui Banking Corp , is in talks with unlisted domestic lender Nam A Bank about a possible merger, sources with knowledge of the matter told Reuters.

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Shell takeover could net BG's CEO over $48 million

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Báo Tuổi Trẻ English 5 month(s) ago

Shell takeover could net BG's CEO over $48 million

Royal Dutch Shell Plc’s agreed takeover of BG Group Plc will trigger payouts for BG Chief Executive Helge Lund that could see his pay for his first year top 32 million pounds ($47.8 million), a Reuters analysis of corporate filings shows.

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U.S. multinationals set to face much more pain from strong dollar

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Báo Thanh Niên English 5 month(s) ago

U.S. multinationals set to face much more pain from strong dollar

The surging value of the U.S. dollar may be posing the biggest threat to U.S. corporate earnings since the 2008 financial crisis, hurting results at most U.S.-based multinationals. Some on Wall Street are even talking about an earnings recession.

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Vietnam's BIDV plans to sell 25 pct stake to foreigners

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Báo Thanh Niên English 7 month(s) ago

Vietnam's BIDV plans to sell 25 pct stake to foreigners

BIDV, Vietnam's second-largest partly private lender by assets, plans to sell a 15 percent stake to a strategic foreign partner and another 10 percent to an overseas financial investor, an executive said on Monday.

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Samsung talks to BlackBerry about $7.5 bln buyout: source

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Báo Tuổi Trẻ English 8 month(s) ago 1 related news

Samsung talks to BlackBerry about $7.5 bln buyout: source

Samsung Electronics recently offered to buy BlackBerry Ltd for as much as $7.5 billion, seeking its valuable patents as it battles Apple in the corporate market, according to a person familiar with the matter and documents seen by Reuters.

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