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Tag Archive for ‘FPT’

Vietnamese University Plans to Accept Bitcoin Despite Central Bank Ban

FPT, a private Vietnamese university is planning to accept tuition fees in bitcoin with a workaround of the central bank’s ban on using cryptocurrencies as payment instruments. FPT University is a private academic institution with campuses in Ho Chi Minh City, Hanoi and Da Nang, Vietnam’s three major cities. The university will soon begin accepting […]

Speculative stocks heat the Vietnamese market

Both local stock indices advanced yesterday, with investors pouring money into speculative stocks for short-term profits. The benchmark VN-Index on the HCM Stock Exchange rose 7.3 per cent to close at 777.26 points. The southern market index has gained 1.4 per cent in the last three sessions in the previous week. On the Hà Nội […]

Securities Companies In Vietnam Trying to Brave Storm

Up to 56 out of over 100 securities companies in Vietnam reported losses in the third quarter of 2012. Securities brokerage houses suffered a combined net loss of VND212 billion but the earnings reached VND1,100 billion in the first nine months. Many have to restructure to survive in the raging storm. Total revenues of 100 securities companies grossed VND2,107 billion in the third quarter, totaling VND7,864 billion in the three quarters. They suffered from a combined loss of VND212 billion in the third quarter but still earned VND1,100 billion of profits in the January – September period…

Some notable M&A deals between Japanese and Vietnamese firms

* DIAIF Fund announced its purchase of 25 percent stake in Nutifood. * Daio Paper Corporation (Daio) and BridgeHead Investment Fund (under Development Bank of Japan) hold 48 percent stake in Saigon Paper JSC. * Unicharm Group acquired 95 percent stake in Diana. * Japan-based Sojitz Group bought 51 percent shares of Huong Thuy Production Service and Trading Joint Stock Co, a large food retailer in Vietnam. The company has a transport network nationwide with 12 transit facilities, specializing in providing food and drinks for about 40,000 stores. * Veglia Laboratories Co together with another Japanese partner acquired 20 percent stake in Viet Esco Co, an…

New license increases .vn domains

HA NOI (VNS)— The Viet Nam Internet Network Information Centre (VNNIC) has granted GMO Runsystem a license to provide domain .vn services in Viet Nam, bringing the total number of these providers in the country to 17. VNNIC said that the license allows the firm to offer domains ending with .vn, including com.vn, info.vn, gov.vn, edu.vn, int.vn, pro.vn, health.vn, biz.vn, ac.vn and net.vn. The centre, a subsidiary of the Ministry of Information and Communications, said the new license would help increase the number of domains ending…

Traders in Vietnam revert to cautious approach

HA NOI (VNS)— Wednesday’s trading boost as a result of the ‘Obama effect’ appeared to be wearing off yesterday, with both stock exchanges seeing a fall in transactions as traders reverted to caution. Purchasing power slowed yesterday, with buyers placing orders only on low prices, FPT Securities Co analysts wrote on their company website. The VN-Index on the HCM City Stock Exchange was approaching 387 points on November 1 before panic selling set in and the session finished oversold. “This may be the reason why investors became cautious again,” the analysts said. However, yesterday’s plus…

PRESS DIGEST – Vietnam Newspapers – Nov 7, 2012

The central bank has planned to ban lenders from raising foreign currencies and gold deposits from around 2015, said Le Xuan Nghia, member of the National Financial and Monetary Policy Advisory Council. FINANCIAL NEWS: TUOI TRE — Ho Chi Minh City-based Sacombank said its former chairman Dang Van Thanh had withdrawn from all the positions at the bank. SAIGON GIAI PHONG — Banks have lowered their deposit rates on gold to 0.2-0.5 percent from 1.6 percent, although the central bank has extended the deadline by which lenders have to stop raising gold deposits, bankers said. LAO DONG

FPT first nano-satellite fails

FPT Group has not received signal from its self-made nanosatellite F-1, which was sent into orbit one month ago. Though FPT does not succeed with the first satellite made in Vietnam, the group will keep pursuing the dream of space research, according to FSpace Laboratory at FPT University. Vu Trong Thu, director of Fspace, said […]

Vietnam telecoms to invest in new major undersea Internet cable

Vietnam’s government has granted permission to domestic Internet providers to invest in a Southeast and East Asia undersea Internet cable, with the aim of improving the country’s Internet speed, news website thesaigontimes.vn reported Thursday. The military-run telecom company Viettel, FPT telecom company and Hanoi-based CMC Telecom Infrastructure Joint Stock Co., were allowed to invest approximately […]

VTV takes over VTC’s cable TV company

VietNamNet Bridge – The Vietnam Cable Television and Electronics Joint Stock Company (CEC), which faces big difficulties in investment, has decided to sell 51percent of its stakes to Vietnam Cable Television (VCTV) to get money to pay bank debts. CEC, whose the big guy VTC (the Vietnam Multimedia Corporation), and a major shareholder–has released a […]