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Vietnam economy grew 5.42% in 2013

Vietnam's economy grew 5.42 percent in 2013, picking up speed slightly after its worst performance in more than a decade the previous year, according to an official estimate released Monday. While growth narrowly missed the government's target of 5.5 percent, the economy is "showing signs of recovery" compared with 2012 when gross domestic product came in at 5.25 percent, the weakest in 13 years, the General Statistics Office (GSO) said in a report.

Vietnam shipping execs given death penalty for embezzlement

Vietnam on Monday sentenced two former top executives at scandal-hit national shipping company Vinalines to death for embezzlement as authorities try to allay rising public anger over corruption. State-owned Vinalines nearly collapsed under some $3 billion of debt, according to official media, in one of several high profile scandals at large state-run companies which are a pillar of the economy.

Vietnam's stock market ends up

Vietnam's stock market ends up HANOI, Dec. 12 (Xinhua) -- Vietnam's national stock market index, VN-Index, closed at 506.92 points on Thursday, up 1.61 points, or 0.32 percent, against the previous trading day's closing session. A total of about 80.162 million shares worth 2.440 trillion Vietnamese dong (VND) (115.66 million U.S. dollars) changed hands at the southern Ho Chi Minh City Stock Exchange. Prices of 129 stocks went up, 71 stocks fell down, while 103 stocks remained unchanged.

Vietnam shipping executives on trial for embezzlement

Former top executives at Vietnam's scandal-hit national shipping company Vinalines, whose huge debts shook investor confidence in the communist nation, went on trial Thursday for embezzlement and defying state regulations. The state-owned company nearly collapsed under some $3 billion of debt, according to official media, one of several high profile scandals among huge national firms, which are a key pillar of the country's economy.

Roundup: Vietnam's stock market extend increase trend, surpassing 510-point mark

Roundup: Vietnam's stock market extend increase trend, surpassing 510-point mark HANOI, Dec. 6 (Xinhua) -- Vietnamese stock market witnessed the fifth increasing week in a row, passing the 510-point mark though liquidity declined. The VN-Index of the southern Ho Chi Minh City Stock Exchange ( HoSE) went up 0.09 points or 0.02 percent to close at 510.12 points on Friday.

Vietnam's stock market index ends mixed

Vietnam's stock market index ends mixed HANOI, Dec. 4 (Xinhua) -- Vietnam's stock market index, VN- Index, closed at 510.88 points on Wednesday, down 0.74 points, or 0.14 percent against the previous trading day's closing session. A total of about 111.829 million shares worth 1.489 trillion Vietnamese dong (VND) (70.57 million U.S. dollars) changed hands at the southern Ho Chi Minh City Stock Exchange. Prices of 116 stocks went up, 104 stocks fell down, while 83 stocks remained unchanged.

Vietnam's stock market index ends mixed

Vietnam's stock market index ends mixed HANOI, Nov. 29 (Xinhua) -- Vietnam's national stock market index, VN-Index, closed at 507.78 points on Friday, up 0.07 points or 0.01 percent, from the previous trading day. A total of about 101.245 million shares worth 1.153 trillion Vietnamese dong (VND) (54.65 million U.S. dollars) changed hands at the southern Ho Chi Minh City Stock Exchange. Prices of 86 stocks went up, 117 stocks fell down, while 100 stocks remained unchanged.

Vietnam's stock market index ends mixed

Vietnam's stock market index ends mixed HANOI, Nov. 27 (Xinhua) -- Vietnam's national stock market index, VN-Index, closed at 508.43 points on Wednesday, down 0.73 points, or 0.14 percent, against the previous trading day's closing session. A total of about 102.743 million shares worth 1.289 trillion Vietnamese dong (VND) (61.13 million U.S. dollars) changed hands at the southern Ho Chi Minh City Stock Exchange. Prices of 127 stocks went up, 86 stocks fell down, while 90 stocks remained unchanged.

Vietnam economic growth up in January-September

Vietnam's economic growth picked up slightly in the first nine months of the year, official figures showed Wednesday, but experts warned the communist country could still miss its annual target. Gross domestic product (GDP) grew 5.14 percent in the first three quarters of 2013 from a year earlier, according to preliminary data from the Ministry of Planning and Investment, compared with 4.73 percent for the same period in 2012.

Vietnam's scandal-hit shipbuilder to fire 14,000 staff

Vietnam's debt-swamped state-run shipbuilder Vinashin has said it will axe some 14,000 jobs as part of a restructuring that will see it shed 70 percent of its workforce. The company collapsed in 2010 under $4 billion in debts, triggering investor alarm over the health of other key state-owned firms and leading to a downgrade of the communist country's credit rating. Vinashin currently employs some 26,000 staff -- less than half the number in 2008 -- but said it had a "plan to restructure its labour, keeping about 8,000 people", in a statement on its website posted Monday.
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