PRESS DIGEST - Vietnam newspapers - April 11

Thu Apr 10, 2008 10:14pm EDT
 
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HANOI, April 11 (Reuters) - These are some of the leading stories in the official Vietnamese press on Friday. Reuters has not verified these stories and does not vouch for their accuracy.

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FINANCIAL NEWS:

VIETNAM NEWS

-- Credit Suisse (CSGN.VX) and Vietnam's newest bank, Lien Viet Bank, signed an agreement on Thursday under which they will raise $300 million for Lien Viet's future projects.

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QUAN DOI NHAN DAN

-- The government injected 1 trillion dong ($63 million) into the Vietnam Bank for Social Policies to raise the lender's registered capital to nearly 8 trillion dong so it could extend loans to more poor families in remote areas.

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SAIGON GIAI PHONG

-- The Vietnam Bank for Investment and Development, or BIDV, said it will cut interest rates on dong loans of up to 2.5 percentage points as from April 15.

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TUOI TRE

-- Foreign investors were net buyers of around 3.7 million shares worth 243.5 billion dong ($15.2 million) on Thursday, equal to 54.44 percent of the entire trading value of the Ho Chi Minh Stock Exchange .VNI, stock market data showed.

-- Small commercial banks said their 2007 profit growth was not high as planned as banks increased interest rates on dong deposits to deal with a liquidity shortage.

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