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Asia Top News and Analysis Vietnam

  • "It is just technical buying from investors when the market stayed near support levels while there is lack of sell orders," said Lai Duc Long, a broker at Phu Hung Securities, adding there was no supportive news. Investors were buying shares of major companies in the oil and gas sectors such as Petrovietnam Finance Corp and Petrovietnam Construction.

  • SYDNEY, Oct 9- Two scions of Malaysia's Genting gaming empire inked a deal on Tuesday to gain control of listed Australian wagering group Two Way Ltd as they seek to build their own casino and leisure business in southeast Asia.

  • HANOI, Oct 9- TNK Vietnam, a subsidiary of Russia's third-largest oil producer TNK-BP, said on Tuesday it has started gas production at the Lan Do field off Vietnam's coast. Production began on Sunday at the field, 28 kilometres east of Lan Tay Platform in Block 06.1, the company said in a statement.

  • HANOI, Oct 9- Data released by the Vietnam Automobile Manufacturers' Association:. Vietnam monthly vehicle sales ____________________2012_______________________ __2011 Month Sept Aug July June May April March Feb Sept Units 7,018 6,448 6,737 5,858 5,765 6,004 7,545 6,149 10,216.

  • MANILA, Oct 9- The Philippines has long been among Asia's most aggressive sovereign borrowers. Much of the enthusiasm for the Philippines-- not so long ago considered the "sick man of Asia"-- reflects President Benigno Aquino III's efforts to curb corruption, reduce the budget deficit and increase spending on infrastructure.

  • MANILA, Oct 9- The Philippines has long been among Asia's most aggressive sovereign borrowers. Much of the enthusiasm for the Philippines-- not so long ago considered the "sick man of Asia"-- reflects President Benigno Aquino III's efforts to curb corruption, reduce the budget deficit and increase spending on infrastructure.

  • Oct 08-=============================================================================== Summary analysis-- PTT Exploration and Production Public Co. Ltd. 08- Oct-2012=============================================================================== CREDIT RATING: BBB+/ Negative/-- Country: Thailand Primary SIC: Oil and gas exploration services Mult. CUSIP6: 69364 V=============================================================================== Credit Rating History: Local currency Foreign currency 26- Aug-2004 BBB+/-- BBB+/-- 08- Oct-2003 BBB+/-- BBB/--=============================================================================== Rationale.

  • BANGKOK, Oct 8- Southeast Asian stocks mostly retreated on Monday amid concerns over the global economic outlook, with Indonesia coming off an intraday record on selling in recent gainers such as Astra International. property shares led Singapore lower.

  • SINGAPORE, Oct 8- India's Mangalore Refinery and Petrochemicals Ltd sold a lower sulphur gasoil cargo and offered another, its first such cargoes in more than a year, as it moves away from exporting the polluting high sulphur grade, traders said on Monday.

  • The Ho Chi Minh Stock Exchange's VN Index rose by midday as some investors sought bargains in several shares based on solid corporate earnings, while others waited for positive macro news, stock brokers said.

  • Vietnam's credit growth this year could reach 5-6 percent, far below government projections, with the banking industry expected to face more difficulties in the last three months, Vietcombank.

  • HANOI, Oct 8- Vietnam's trade deficit could shrink to just $1 billion this year from nearly $10 billion in 2011 due to sharp declines in imports, a state-run newspaper quoted a government minister on Monday as saying.

  • -Minh Phu Seafood Group, a major shrimp exporter, said Vietnam Investment Fund II Ltd has sold all the 3.5 million MPC shares in the fund's possession. -The government has decided to expand the Cat Bi airport in the northern port city of Haiphong to be able to handle international flights, with investment slated by 2015 of 5 trillion dong, the Transport Ministry said.

  • BEIJING-- The World Bank cut its growth forecast for Asia on Monday in a new sign of the impact of weakening global demand and warned China's cooling economy faces the risk of a "more pronounced slowdown." The bank cut its forecast for China, the region's biggest economy, to 7.7 percent from May's 8.2 percent.

  • SINGAPORE, Oct 8- Indonesia is buying submarines from South Korea and coastal radar systems from China and the United States. Vietnam is getting submarines and combat jets from Russia, while Singapore- the world's fifth-largest weapons importer- is adding to its sophisticated arsenal.

  • *Europe Q3 cocoa grind seen falling by up to 20 pct. LONDON, Oct 5- Europe's economic crisis is nibbling away at demand for chocolate, the affordable treat once thought of as recession proof. Times are tough enough now that even the market for this modest luxury is struggling in Europe, analysts say.

  • BANGKOK, Oct 5- Most Southeast Asian stock markets gained on Friday, with Indonesia hitting an all-time closing high for a second day and Singapore ending at a two-month high, led by commodities-related stocks such as Golden Agri-Resources. Palm oil companies were among actively traded, with Singapore's Golden Agri-Resources Ltd.

  • FINANCIAL NEWS: THOI BAO KINH TE VIETNAM. -The Finance Ministry said it has requested the Vietnam Expressway Corp to pay the bond yield to one of its holders after having delayed the payment for a month.

  • BANGKOK, Oct 4- Most Southeast Asian stock markets gained on Thursday, with the Philippine main index posting its second straight record closing high in strong volumes as optimism about domestic growth boosted consumer-related stocks such as SM Investments Corp.

  • THOI BAO KINH TE VIETNAM. ECONOMIC AND GENERAL NEWS: VIETNAM NEWS.