The local economy has yet to see signs of recovery as listed enterprises in various sectors continued to report disappointing business results in the first quarter of this year. Around 500 out of 700 enterprises listed on the two local exchanges have released financial statements in the first quarter. Of which, nearly 50 firms have incurred losses while many others have seen their profits tumbling... 

The Hochiminh Stock Exchange (HOSE) has reported only eight newly-listed enterprises since early this year, falling sharply compared to previous years, said Tran Anh Dao, director of the listing department. HOSE is screening around eight to nine listing applications, so it is likely that this year’s number of newly-listed firms will be lower than in 2011, when around 30 enterprises debuted... 

Vietnam’s arrest of Nguyen Duc Kien, the founder of several banks, triggered the largest stock market drop in almost four years and highlighted investor concern about the vulnerability of the country’s financial system. Kien, 48, the founder of banks including Asia Commercial Bank (ACB) and Kien Long Bank, was arrested by police yesterday, the central bank said in a statement on its website... 

Enterprises having demand to list on the Hochiminh Stock Exchange (HOSE) are required to have minimum charter capital of VND120 billion from September 15, instead of the current VND80 billion. Under Government Decree 58/2012/ND-CP, enterprises must have at least two years operating as joint stock companies by the time they ask HOSE for permission to list. Besides, they must have a return on equity... 

Vietnam’s five-year bonds fell for a seventh day, pushing the yield to a two-month high, on speculation banks’ demand will slow as policy makers take steps to spur lending. The dong was steady. The State Bank of Vietnam will punish lenders that continue to charge interest rates above 15 percent on existing loans from today, Lao Dong newspaper reported, citing Nguyen Hoang Minh, deputy head of... 

The Hanoi Stock Exchange (HNX) has plans to launch the HNX30 Index into operation in this quarter to meet increasing demands of investors and the market. Like the VN30 Index for the southern bourse, the HNX30 Index will track the movements of the 30 leading shares by market capitalization and liquidity. Its calculation methods rely on the free float rate, meaning shares that are freely transferable,... 

The HCM City Stock Exchange late last week rejected rumours circulating in the media that daily trading hours would be extended as early as February 20. The exchange said it was still waiting on a higher-level response before making an official decision to go ahead, while Hanoi Stock Exchange officials said any extension in trading hours would depend on what course was taken on the southern bourse. Bao... 

The local market continued the downtrend, extending the losing streak to the sixth straight session on Tuesday, as selling pressure kept accelerating on investors’ pessimistic sentiment, dragging the VN-Index down 3.55 points, or 0.95%, against the previous session to close at 371.75. The market opened just below Monday’s closing level and moved into the black once again during the first phase... 

Vietnam’s five-year bonds fell the most in almost a month before a debt auction. The dong was steady. The State Treasury will offer 1 trillion dong ($47.6 million) each of three- and five-year notes today, according to the Hanoi Stock Exchange’s website. Results of the bidding will be available later in the day. The yield on the benchmark five-year security rose five basis points, or 0.05 percentage... 

The market’s rising trend from last week faded away on Monday as investors’ remained cautious. The VN-Index at the Ho Chi Minh Stock Exchange closed at 414.46 points, up 3.43 points or 0.83 per cent, after nearly reaching 417 points in the session’s opening period. The Hanoi Stock Exchange (HNX)’s HNX-Index meanwhile lost 0.7 points or 1.01 per cent to 68.43 points, although the benchmark...