Vietnam Commercial Joint Stock Bank for Industry and Trade (VietinBank) debuts its Reg S/144A 5-year unsecured dollar bonds (CTG VN May 2017) on the Singapore Stock Exchange (SGX) on May 18, the lender said in a statement released today.

Moody’s Investors Service said it placed Saigon-Hanoi Joint Stock Commercial Bank (SHB) in review for possible downgrade after the lender announced its merger with Hanoi Building Commercial Joint Stock Bank (HBB) on May 5.

Annually, members of director board and supervisory board of many commercial banks are paid billions of dong per person as their remuneration. However, not all the money is their real income.

The Vietnamese Ministry of Construction (MoC) has proposed to delay the submission of a development plan on foreign direct investment for the real estate industry to the Government until August at the Prime Minister's request.

Phu My Hung Corporation (PMH) continues putting the rest of high-end Chateau villas in District 7’s Phu My Hung new urban area for sale following its market survey conducted in the first sale offer.

The HCM City government is weighing revoking licenses of long-delayed resettlement projects, which causes a shortage in resettlement housing fund and slowing down the site clearance process in Thu Thiem New Urban Area in District 2.

Capital inflows into the stock market are likely to decline substantially if a draft circular being prepared to replace Ministry of Finance Decision No 27/2007/QD-BTC is approved.

Vietnamese stocks fell in the morning session on Friday, pressured by margin calls, analysts said.

Vietnam’s five-year bonds had the best week since June 2009 on speculation a decline in money- market rates bolstered demand for government debt. The dong was little changed.

Thien Long Group Joint Stock Co (coded TLG) has released the resolution approved at the annual general meeting (AGM) for the 2012 year performance targets.

Saigon general Services Joint Stock Co (Savico - coded SVC) released that by the end of Q1, the company reported gaining net revenue of 1.145 trillion dong, declining by 9 percent against the same period last year and consolidated profit of 104.8 billion dong, up 15.68 percent year-on-year.

The leaders of general Export-Import Joint Stock Co No 1 (coded TH1) announced that by the end of Q2, the company expected to reach accumulative import-export turnover of $70 million dong.

Vietnam Coal and Mineral Group (Vinacomin) has shouted for help, asking for the export tariff reduction to zero percent, or it would die because of the sale prices lower than the production costs.

The Vietnamese prime minister will not decide the specific retail power prices, but will only set the price frame, according to a regulation in the draft Price Law submitted to the government by the Ministry of Finance.

Vietnam's Saigon Petro is seeking 30,000 tonnes of gasoline and gasoil for delivery in May and June as the country's sole oil refinery will begin a shutdown on Wednesday, traders said.

Vietnam recorded a PC software piracy rate of 81 per cent last year, a reduction of 2 per cent for two years in a row, compared to 83 per cent in 2010 and 85 per cent in 2009.

The country's average internet connection speed reaches only 1.664 Mbps (megabytes per second), lower than the global rate of 2.3 Mbps, according to a recent survey by internet analyst Amakai.

Military-run Viettel Group yesterday officially unveiled its Movitel telecom network, a joint venture with Mozambique’s SPI Co, in Mozambique’s capital city of Maputo.

Robusta coffee climbed to the highest price in more than eight months as sales in Vietnam slowed, sending local prices to the highest since October.

Coffee prices in Vietnam, the world’s biggest producer of the robusta variety, climbed to the highest level in almost seven months. Exports fell in April.

Vietnam will export 7.2 million tonnes of rice by the end of 2012, up 0.1 million tonnes compared to 2011, according to the UN Food and Agriculture Organisation (FAO).

It is reported that Vietnam Ministry of Finance decided to raise the import tax rate on stainless steel from 0 percent to 10 percent starting from June 11th 2012.

The National Assembly (NA) or Congress is expected to approve 13 bills and seven resolutions, and debate six others at its third session due to open on May 21.

Only products that are domestically manufactured can enjoy the proposed value-added tax deferral, which is expected to be officially released next week, Deputy Minister of Finance Do Hoang Anh Tuan has said.