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Updated: 15:59 Monday, 20/05

May 20: Vietnam Stocks Rise, Blue Chips Support

Vietnamese stocks rose across the board today, VN Index passed 490 threshold, HAG saw 1.07 million shares traded at floor prices in the put-through deals.

Vietnam Central Bank Sells Out 26,000 Gold Taels on May 21; Prices Down

The State Bank of Vietnam (SBV) sold out 26,000 taels of gold bars in the 20th auction held on May 21 at the prices lower than in the previous auction, local media reported.

Firms Selling Debts to VAMC Can Still Borrow Bank Loans

Local firms that sell bad debts to the to-be-established national asset management company (VAMC) can still borrow funds from commercial banks.

HCMC: Credit Growth +2.1%; Total Deposits +3.8% by Early May

Total outstanding loans in Ho Chi Minh City by early this month are estimated to rise 2.1% from end 2012 to VND873.4 trillion, up 1.4% on month and 15.1% on year, according to data from the municipal statistics office.

Market Analysis

May 20: Vietnam Stocks Rise, Blue Chips Support

Vietnamese stocks rose across the board today, VN Index passed 490 threshold, HAG saw 1.07 million shares traded at floor prices in the put-through deals.

Trade and Economy

Measuring The Risks Of Microfinance Institutions

On May 16, International Finance Corporation (IFC), Swiss State Secretariat for Economic Affairs (SECO) and Vietnam Microfinance Working Group (MFWG) held a conference to set up sustainable interest rate and risk management in microfinance.

Financials

Vietnam Central Bank Sells Out 26,000 Gold Taels on May 21; Prices Down

The State Bank of Vietnam (SBV) sold out 26,000 taels of gold bars in the 20th auction held on May 21 at the prices lower than in the previous auction, local media reported.

Commodities

Silver and Gold Lurch Higher After an Early Dive

Gold and silver prices gained about 2 percent on Monday after a roller-coaster session that opened with a gut-wrenching dive in silver prices to their lowest in 2-1/2 years before an abrupt midday turnaround.

Companies

NST: BOD Member, Director Buys 18,000 Shares

Nguyen Van Thinh-member of Board of Directors (BOD) cum director of Ngan Son JSC. (NST) bought 18,000 out of 21,900 shares registered to buy on Apr 16, increasing his ownership to 138,024 shares or 1.78% stake.

Real Estate

Real Estate Credit Would Increase Sharply

Interest rate for house buying loan of 6 percent per year was considered attractive and could stimulate real estate credit.

Global Markets

World Media on Vietnam

Dr. Doom: Correction Coming for Japanese Stocks, Yen

Marc Faber, Editor and Publisher of the Gloom, Boom & Doom Report, is one of the world’s most famous market contrarians.

Thailand’s PTT Group Plans Petrochemical Project In Vietnam

A subsidiary of PTT Public Company Limited (PTT), Thailand's largest petroleum firm, is planning a petrochemical project in Vietnam, Thai News Agency (TNA) reported.