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BriefsMonday, 05/21/2012, 03:33

Friday, May 18, 2012


Friday, May 18, 2012

Metro Line No. 1 project to get going this September
HCMC � HCMC vice chairman Nguyen Huu Tin on Wednesday urged district authorities to promptly hand over cleared site for the Metro Line No. 1 project to get off the ground in September this year.

Big layoffs reported at city�s IPs, EPZs
HCMC � Thirteen firms at industrial parks and export processing zones in HCMC have suspended production this year, making large numbers of workers jobless, the HCMC Export Processing and Industrial Zones Authority (Hepza) said.

Experts optimistic about stock market
HCMC � Speakers at the seminar �Macro-economy and stock market 2012� held by Kim Eng Securities Company on Wednesday shared the optimistic view that the equity market will take on the uptrend this year.

BIDV sets aside VND2 tril. for budget housing projects
HCMC, HANOI � Bank for Investment and Development of Vietnam (BIDV) will provide VND2 trillion as middle and long-term loans with preferential rates for developers of housing projects for low-income earners and workers at industrial parks.

Vietnam Air slashes fares for certain domestic flights
HCMC - Vietnam Airlines on Wednesday unveiled two promotion programs that allow passengers to enjoy fare discounts of up to 46% compared to normal rates for certain domestic routes, particularly the north-south service.

Moody's downgrades ACB
Moody's Investors Service has downgraded the standalone bank financial strength rating (BFSR) of Asia Commercial Joint Stock Bank (ACB) to E+ from D-, which now maps to a baseline credit assessment (BCA) of b1 on the long-term scale.

100 trillion dong may not rescue Vinalines from sinking
The Ministry of Transport plans to inject 100 trillion dong in the Vietnam National Shipping Lines (Vinalines) to rescue the big shipping corporation which has been caught in a shoal. However, experts have expressed their doubts about the rescue plan.


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