Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade BTCUSD, Bitcoin and Cryptocurrencies

BUY & SELL BTCUSD | View BTCUSD News & Updates


Buy Sell BTCUSD, Bitcoin and Cryptocurrencies

Nam Viet Commercial plans Hanoi stock listing by early 2010   2009-09-09 - Bloomberg

 
 
   
Nam Viet Commercial Joint-Stock Bank, known as Navibank, plans to list on the Hanoi Stock Exchange by early next year, said Le Quang Tri, the bank’s general director.

“We are waiting for the approvals from the central bank and the State Securities Commission and we hope to list by the end of this year or in the first quarter 2010,” Ho Chi Minh City-based Tri said in a phone interview Tuesday. Navibank plans to trade 100 million shares on Hanoi’s bourse, he said.

The Southeast Asian nation’s benchmark VN-Index has surged more than 70 percent this year. The rally has prompted Vietnam Export-Import Commercial Joint-Stock Bank, Military Commercial Joint-Stock Bank, Lien Viet Commercial Joint-Stock Bank, and Saigon Commercial Joint-Stock Bank to plan listing shares this year or early next year.The Ho Chi Minh City-based lender reported a pretax profit of VND130 billion (US$7.3 million) this year through end-August and total assets of VND16 trillion, according to Tri. Navibank targets pretax profit of 200 billion dong this year, he said.

The bank plans to double its current registered capital to VND2 trillion by selling 100 million shares to its existing shareholders and staff by the end of this year, according to Tri.



Other news

Vietnam prices to rise 5.7 percent by December: report   2009-09-09

Local gold breaks VND22 million   2009-09-09

BUSINESS IN BRIEF 9/9   2009-09-09

Bankers say shifting to use chip cards unnecessary at present   2009-09-09

A great day for the Phu My Bridge and other new ventures   2009-09-09

ANZ: Vietnam trade deficit re-emerges   2009-09-09

Business leaders, officials eye ways to boost northern region industry   2009-09-09

EVN reports delay in power generation projects, again   2009-09-09

Vietnam’s finance support programme the best in Asia: report   2009-09-09

Stocks snap three-day losing streak   2009-09-09

BUSINESS IN BRIEF 8/9   2009-09-08

VinaCapital sells stake in Hilton Hanoi Opera   2009-09-08

Vinacomin expects to start bauxite production as prices rise   2009-09-08

Foreign currency transactions on black market heating up again   2009-09-08