Vietnam honoured at global peace symposium

The Global Peace Index has ranked Vietnam among the most peaceful countries in the world, and honoured the country at the 2009 Global Symposium of Peaceful Nations held in Washington from November 1-3.

Adoption law puts local families first

Encouraging Vietnamese couples to adopt local children was a main topic in the Draft Law on Adoption under discussion at Nov. 2 National Assembly meeting in Hanoi.

Sacombank Securities prepares for IPO

Sacombank Securities, an affiliate of the HCM Stock Exchange-listed Sacombank, will make its initial public offering (IPO) next month, offering 38.3 million shares.

Most bank profits meet or exceed yearly targets

Several commercial banks in Vietnam announced they have surpassed their yearly profit goals as of the end of September, despite forecasts made in late 2008 that this would be a difficult year for banks.

VIB bank has announced it reaped 496 billion VND in pre-tax profits as of the end of September, which represents 24 percent more than the 400 billion VND target for year adopted by bank shareholders in March 2009.


RoK economy recovers faster than expected

The Republic of Korea (RoK)’s economy showed signs of a faster-than-expected recovery in the third quarter of the year and the pace was considered the fastest among the world’s developing nations.
Bullish market pushes Index below 590 Business

Bullish market pushes Index below 590

Profit-taking made a comeback on Oct. 13 on the HCM Stock Exchange after the VN-Index has passed the psychological barrier of 590 on Oct. 12, pressing the Index on Oct. 13 back down to 589.89.

Ballots available for City poll

Foreign tourists and expatriates in the city can participate in a poll of the 100 most existing sites or activities in HCM City from now until the middle of next months.

VIB meets yearly targets ahead of schedule

The Vietnam International Commercial Joint Stock Bank (VIB) racked up a nine-month, pre-tax profit of 124 percent of its yearly plan and double last year’s figure, fulfilling yearly targets three months before schedule.

Malaysian bank opens office

Hong Leong Bank opened its head office in Vietnam an its first branch in HCM City on Oct. 8, with an initial capital of 1 trillion VND (55 million USD).