PRESS DIGEST - Vietnam newspapers - Oct 10

HANOI, Oct 10 (Reuters) - These are some of the leading stories in the official Vietnamese press on Friday. Reuters has not verified these stories.

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FINANCIAL NEWS:

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TUOI TRE

-- Asia Commercial Bank ACB.HN said it set aside 1 trillion dong ($61 million) for long-term loans. The bank could provide a 10-year loan to small-and-medium-sized businesses to develop production and mortgages to home buyers.

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THOI BAO KINH TE VIETNAM

-- Partly private VPBank said on Friday it has sold more than 11 million additional shares to Singapore's Oversea-Chinese Banking Corp (OCBC.SI), raising Singapore bank's total stake in VPBank to 14.88 percent from 9.88 percent.

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THANH NIEN

-- VPBank would officially sign a decision to deeply cut deposit interests on Friday and the new interest rates would be lower than that proposed by the Vietnam Banks Association, said Chief Executive Le Dac Son.

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DAU TU CHUNG KHOAN

-- Japan's SBI Holdings Inc has acquired an 8.17 percent stake in FPT capital, a fund management company controlled by FPT Corp FPT.HM.

-- Eighty percent of foreign funds in Vietnam are closed-end funds dedicated to investment in the country's stock markets, said Andy Ho, Managing Director of fund management firm VinaCapital.