News

The UPCoM-Index, the measure of 128 unlisted public companies, continued to close up for a second day following surges in the official markets.

The formation of a Government bond market would increate the liquidity of bonds and create a more standardised yield curve, said the chief advisor of Japan's Nomura Research Institute, Yoko Ogimoto, at a conference here yesterday.

Bidv's chairman of director board, Tran Bac Ha, has said that his bank is preparing to make IPO (initial public offering) in the fourth quarter of this year whereby Bidv plans to sell 3-5% stake to external shareholders via IPO.

Foreigners changed to net buy Vietnamese shares on both two bourses today on hopes that interest rate will ease coupling with slowing down inflation.

Vietnamese stocks closed higher today as investors still paid premium to buy blue chips on HOSE and speculative, hot issues on the HNX.

Vietnam's export turnover in 2011 is forecasted to reach some $90Bln, and import value at $102Bln.

The State Bank of Vietnam said the interest rate ceiling of 14 percent on dong deposits and 2 percent on dollar deposits would be unchanged to help banks keep lending rates at 17-19 percent for the production sector.

State owned Petro Viet Nam said it will resume full operations at its Dung Quat Oil refinery located in Quang Ngai, Vietnam, next week.

Foreigners changed to be slight net buyers of Vietnamese shares on the HOSE but kept net selling on the smaller cap bourse HNX as they took the strong rally as an opportunity to take profit.