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| Vietnamese Insurers: Upbeat with Earnings Prospects |
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The Vietnamese Ministry of Finance said Vietnam is now home to nearly 50 insurance companies operating in the fields of life insurance, non-life insurance, insurance brokerage, and reinsurance. Despite potential difficulties, insurers are showing no sign of worry, given satisfactory profits.
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| Vietnam Economists Urge to Boost Credits for Firms |
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Vietnam should take prompt action to help enterprises gain easier access to bank loans as the consumer price index is forecast to be equal or lower than the 2010 target of 8%, economists said at a seminar last week.
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| Investment Opportunities with SMC Stock |
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On July 20, SMC Investment - Trading Joint Stock Company hosted a workshop on “Steel industry prospects and investment opportunities at SMC stock” at Legend Hotel, aiming to provide more fundamentals about SMC and steel industry outlooks.
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| Lending Interest Rates on The Downward Trend |
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Upon the entrance of June, lending interest rates of commercial banks continue to decrease. This is the statement of Ms Duong Thu Huong, General Secretary of Vietnam Banking Association (VBA), in a working session with State Bank of Vietnam (SBV).
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| Maritime Bank Raises Registered Capital |
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Maritime Bank reported to earn a compound profit of over VND766 billion in the first six months of 2010 and a pre-tax profit of VND660 billion, or 55 % of the full-year plan, in which 25 % came from credit activities.
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| Lending Rate Likely to Plunge? |
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Commercial lenders have reached a consensus on slashing lending interest rate to 12 % per annum and deposit rates to 10 % from July 2010, heard at the meeting between the State Bank Governor Nguyen Van Giau and leaders of five State-owned banks and big commercial joint stock lenders like ACB, Sacombank, Eximbank, Techcombank, MB, VIB and VPBank on this matter.
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| AAA AssuranceHolds Annual General Meeting 2010 |
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AAA Assurance Corporation has recently held its Annual General Meeting of Shareholders for the fiscal year 2010 at 4S Riverside Garden, Thu Duc District, Ho Chi Minh City. The meeting drew the participation of 53 out of 67 existing shareholders, representing 97.16 % of voting rights.
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| Protecting Securities Investors |
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For the banking system, if a bank becomes insolvent, dissolved or bankrupt, deposits of customers are still guaranteed. This is the protection mechanism provided by the Government. However, there is no such a regime or policy for the securities sector. This is the main concern of all securities investors because they will not know where their money is if a securities company collapses. Many investors and experts are hoping and waiting for a proper mechanism.
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