Securities firms expect a continued correction on both stock exchanges early this week after the previous week closed with two falling sessions while foreign trading sharply declined. Last Friday, sellers looked determined not to let the indices emerge as victors. As soon as the market saw some signs of rebound, offer orders escalated, throwing the indices back into the red territory. Viet Capital... 

When global gold increased slightly last Friday, the local price rallied much faster, thus widening the difference between world and domestic prices to VND3.3 million per tael from some VND2.6 million recorded early last week. Gold at Saigon Jewelry Holding Company (SJC) last Friday marked up by around VND500,000 per tael to VND45.5 million for buying and VND45.8 million for selling. Meanwhile,... 

People often think about large commercial centers and serviced apartments managed by foreign companies when it comes to the realty rental segment. However, individual owners have begun joining this market segment. From apartments… Huynh Kim Doan, director of Eden Real, is mulling promoting the service of leasing apartments owned by individuals in Vietnam after her trip to Singapore. A three-bedroom... 

Debt management and payment capacity of Vietnamese enterprises are weak and on the verge of decline, says a survey of the 500 largest companies in Vietnam (VNR500) on their 2012 revenues. The survey conducted by Vietnam Report JSC was announced last week. As per the survey, debt management at local large firms is poor as proven by their debt-to-asset ratios. The average ratio of debts to total assets... 

Siemens Energy Service has clinched a long-term contract to extend maintenance and equipment supply services for Phu My 3 combined-cycle power plant in the southern province of Ba Ria-Vung Tau. Siemens will service the power station’s major equipment for a period of some eight more years once the gas turbines have reached 100,000 equivalent operating hours in line with the deal signed by representatives... 

Vietnam’s three-year bonds gained, pushing the yield to a four-year low, as an increase in cash at banks bolstered demand for debt. The dong was little changed. The overnight interbank deposit rate fell for a sixth day, signaling cash in the banking system rose as lending slowed. Credit growth may be low in the early months of the year, Prime Minister Nguyen Tan Dung wrote in his New Year message... 

Credit for housing is expected to spike in 2013 following government commitments to ramp up efforts for market support. Under Resolution 02/NQ-CP dated January 7, 2013 state-owned commercial banks must set aside rational capital amounts, at least tantamount to 3 per cent of their total outstanding loans, to lend low-paid people, sate employees and people in the armed forces for lease and purchase... 

Vietnam-based bankers are suggesting that the State Bank should actively ease regulations on single-borrower limits to enable them to finance large foreign invested projects. The Banking Working Group of Vietnam Business Forum warned that the limit was a barrier that prevented them from financing foreign investors’ large business expansion or projects in Vietnam. According to the Law on Credit Institutions,...