Exchange Archive

Stocks fell by midday on Tursday, with positive news on inflation and a fuel price cut failing to revive buying interest, a broker and an analyst said on Thursday.

The government estimated that inflation fell below 10 percent in May for the first time since October 2010, which could give the central bank more room to ease policy to boost flagging growth.

On Wednesday, a state-run newspaper reported the government cut retail petrol prices for the second time this month.

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Vietnam may cut dong deposit

Posted November 20, 2014 By stoccato
Vietnam’s central bank may cut the ceiling rate on dong deposits by another 2 percentage points to 9 percent later this year to help boost lending and spur economic growth, a state-run newspaper said on Friday, as policymakers across Asia eye fresh stimulus to combat the global downturn.

Another rate cut in the pipeline would help ease corporate difficulties in accessing bank loans, after Vietnam’s economic growth slowed to an annual pace of 4 percent in the first quarter of 2014, the slowest since 2009.

The downward adjustment would be the last in 2012, the central bank was quoted by the ruling Communist Party-run Nhan Dan (People) daily as telling bankers at a meeting on Thursday.
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Stocks crumple amid investor cautiousness

Posted September 2, 2014 By stoccato
Benchmark VN-Index extended its losing streak to four consecutive trading sessions on October 3 as investors sold off shares to avert risks amid growing uncertainties.
The index of 296 companies and five mutual funds listed on the Ho Chi Minh City Stock Exchange tumbled 1.28 percent, or 5.48 points, to close at 422.12 points. It slid 2.88 percent last week, rose 2 percent last month but shed 1.14 percent last quarter.

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