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BriefsTuesday, 04/17/2012, 12:55

Friday, April 13, 2012


Friday, April 13, 2012

Supporting homebuyers a lifebuoy to realty market
HCMC � Offering homebuyers preferential loans is considered a solution to remove the current difficulties of the property market and improve the market liquidity.

SaigonTex 2012 showcases apparel machinery
HCMC � The 22nd international exhibition Garment and Textile Equipment and Accessories (SaigonTex 2012) opened on Wednesday at Tan Binh Exhibition and Convention Center in HCMC with the participation of nearly 300 enterprises from 18 countries and territories.

VietinBank expands online Western Union service
HCMC � Vietnam Bank for Industry and Trade, or VietinBank, has expanded Western Union Online, an account-based money transfer (ABMT) service, for the first time in Vietnam through its IPay system.

Rate cut decision boosts market up
HCMC � The central bank�s deposit rate cut did improve investor sentiment as the local market staged a strong rally on Wednesday after a flat session, lifting the VN-Index up 7.89 points, or 1.75%, against the previous day to close at 458.74. This was the fifth consecutive rising session of the index.

Vietnam SBV yet to get merger plan between SHB and HBB
At the press conference held by the State Bank of Vietnam (SBV) on April 14, the central bank's governor Nguyen Van Binh, confirmed that the central bank has not received merger plan between Saigon Hanoi Commercial Joint Stock Bank (SHB) and Hanoi Housing Development Commercial Joint Stock Bank (Habubank-HBB) yet.

More banks lower deposit interest rate to below 12pct/yr
ACB, Vietcombank, VietinBank, DongAbank, VIB and ABBank en masse reduced the deposit interest rate to below 12% per year, following the State Bank of Vietnam (SBV)�s move of lowering the deposit interest rate cap to 12% p.a. for savings in dong of individuals and organizations at credit institutions.


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