FINANCIAL ANALYSIS – Viện Quản trị Tài chính AFC

Firms forced to cut costs to remain afloat

As many as 83 major companies and four banks in the country have registered to cut operational costs by some VND13 trillion (US$624 million) in a bid to stay afloat in the economic downturn, the Ministry of Finance said.

The newest "Government at loss over gold price disparity"

The gap between domestic and global gold prices remains large despite the Government′s efforts, according to independent market experts. Experts said in April that the State Bank of Viet Nam issued a decree to restrict trade in gold bullion to stabilise the gold market, check hoarding and speculation, narrow the gap between the domestic and…

HCM City firms seek 35,000 new employees – New changes

HCM CITY — In March HCM City is forecast to require 35,000 additional workers for the textile, leather and footwear, construction, power supply, electronics and telecom, marketing, and services sectors.

US favours Vietnamese produce

HA NOI — The US market has been importing increasing volumes of Vietnamese fresh fruit and vegetables, according to the Ministry of Industry and Trade′s Export-Import Department.

Internet helps boost national economy

HA NOI – The internet contributed 0.9 per cent to Viet Nam′s total GDP and accounted for 1.6 per cent of the 14.4 per cent annual GDP growth rate, a conference heard today.

Increased local buying pushes up stocks

HA NOI – Investors bought more low-valued shares, pushing up the indices on both national stock exchanges this morning.

Businesses call for lower interest rates

HCM CITY — The HCM City People′s Committee and local enterprises want the Government to ensure that annual interest rates are between 14 and 15 per cent on loans taken out by enterprises involved in production and trading, and that banks′ bad debts are settled soon.

Baker Kinh Do to take over smaller rival

HA NOI — Shareholders of commercial bakery company Kinh Do (KDC) have approved a plan to merge with HCM City-based Vinabico Confectionery Company.

Nation′s April CPI rise lowest in 5 years

HA NOI — The national consumer price index (CPI) this month showed the lowest April increase in five years, the General Statistics Office said yesterday.

Investment bank gets award for long service

HA NOI — The Bank for Investment and Development of Viet Nam (BIDV) received on Sunday the State′s first-class Independence Order for the second time on the occasion of its 55th anniversary.

Economic data fails to lift shares

HA NOI — Shares lost ground on the HCM City Stock Exchange despite earlier gains yesterday, while positive economic data helped lift stocks on the Ha Noi bourse.

ASEAN discusses employee protection

HCM CITY — Strategies to protect workers against unemployment and help them find better work are being discussed by representatives of ASEAN governments and workers and organisations of employers at a three-day seminar organised by the International Labour Organisation (ILO) in HCM City.

IELTS candidates grow in number, quality

HA NOI — The number of candidates taking the International English Language Testing System (IELTS) in the academic year of 2011-12 has doubled in Viet Nam over the last five years, and increased by 14 per cent from last year, said the British Council Viet Nam yesterday.

Students flock to study economics

HCM CITY — Economics-related university streams are the most in demand this year while social sciences and humanities courses have attracted far fewer applications than the number of places available.