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BNP Parisbas wants to increase stake in local bank

French bank BNP Parisbas is mulling increasing its stake in a Vietnamese bank to 20 percent, the highest limit allowed for foreign investors.

State bank selects gold traders allowed to resume imports

The central bank will allow a select group of local gold traders to import the metal for the first time since June last year, but some on the list worry the imports will not be profitable.

Vietnam banks have hard time attracting deposits

A teller counts US dollar notes at a branch of Vietcombank in Ho Chi Minh CityLocal lenders are finding their high interest rates unable to attract deposits as investors divert funds to the more profitable stock and real estate markets.

The $1 billion-bond challenge

The proceeds of Vietnam’s debut sovereign bond in 2005 – totaling US$750 million – are currently on-lent to the shipbuilding group Vinashin.Vietnam aims to sell US$1 billion worth of dollar-denominated bonds overseas by the end of this year or early 2010, a finance ministry official said.

Vietnam to allow gold imports to stabilize market

Vietnam's central bank on Wednesday lifted a 1-1/2-year-old ban on gold imports in a bid to stabilize the market after a sharp rise in prices helped drive the country's dong currency to a record low. [ … ]

Central bank’s governor to be questioned about gold prices

The central bank's governor Nguyen Van Giau.National Assembly's Office chairman Tran Dinh Dan said this morning, November 11, that the State Bank of Vietnam's governor Nguyen Van Giau and the Ministers of Industry and Trade, Home Affairs and In [ … ]

Gold sets new record price in Vietnam

Gold prices in Vietnam continued their surge to another record peak of more than VND25.3 million per tael Friday, or around US$1,185 an ounce, outpacing the global market price by no thin margin.

Vietnam seeks foreign loans for nuclear power project

The government is drawing up plans to finance Vietnam's first nuclear power plant project with foreign loans, the Minister of Industry and Trade has said.

Tycoon confident he’ll be Vietnam’s first billionaire

Doan Nguyen Duc, chairman of the Hoang Anh Gia Lai Joint Stock Company, at a V-League football match.Doan Nguyen Duc says he’s sure he’ll become the first ever Vietnamese dollar – billionaire next year.

IMF says no request for financing from Vietnam

Anoop Singh speaks during a press briefing in Washington in a 2004 file photoVietnam has not made any request to the International Monetary Fund for financing and is not seen as in a situation serious enough to require assistance, a seniorIMF official told Reuters on Friday.

Banks see attractive profits in funding electricity network development

Commercial banks are getting set to provide loans to fund electricity grid development together.

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