PRESS DIGEST - Vietnam newspapers - Oct 7
HANOI, Oct 7 (Reuters) - These are some of the leading stories in the official Vietnamese press on Tuesday. Reuters has not verified these stories.
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FINANCIAL NEWS:
THANH NIEN
-- HSBC (HSBA.L)(0005.HK) said it would join Bao Viet, Vietnam's top insurer, to sell endowment insurance in Vietnam. The policy combines life and disability insurance.
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THOI BAO KINH TE VIETNAM
-- As of early October, banks in Ho Chi Minh City have raised 542 trillion dong ($33 billion), 27.2 percent more than the same period a year ago.
-- ACB Real Estate Co, controlled by Asia Commercial Bank ACB.HN, would open a real estate trading floor in the fourth quarter of this year after winning approval from the Construction Ministry.
-- The number of foreign investors in Vietnam's stock markets has increased 35.3 percent so far this year from the end of 2007 to 12,357 investors, the Securities Depository Center said.
-- Bao Viet Securities BVS.HN and Sacombank STB.HM would join hands in managing stock investors' accounts, following an agreement signed on Monday.
ECONOMIC AND GENERAL NEWS:
VIETNAM NEWS
-- State oil group Petrovietnam's exploration arm PVEP, Vietnam-Russia oil and gas venture Vietsovpetro, Eden Group Co Ltd and Myanmar Oil and Gas Enterprise have signed a production-sharing contract for the Moattama offshore block M-2 in Myanmar.
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QUAN DOI NHAN DAN
-- Bird flu killed 300 ducks in a farm in the central province of Nghe An, the provincial animal health department said. Nghe An is the country's second province to have detected outbreaks among poultry recently.
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THANH NIEN
-- Many telephone users and businesses have complained about problems brought by state-run telecoms group VNPT when it announced a change in its telephone number network as from Sunday, saying it was a sign of a monopoly service.
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THOI BAO KINH TE VIETNAM
-- Mekong Aviation has applied for an operating licence at the Vietnam Civil Aviation Administration after securing approval from the Transport Ministry. The firm, capitalised at $12 million, would become the country's third private airline.
-- The U.S. financial crisis has brought impact on several sectors in Vietnam but on the other hand the country could take advantage of the situation to further reform, said State Securities Commission Chairman Vu Bang.
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