Sunday, May 6, 2012

Reuters: Financial Services and Real Estate: PRESS DIGEST - Vietnam newspapers - May 7

Reuters: Financial Services and Real Estate
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PRESS DIGEST - Vietnam newspapers - May 7
May 7th 2012, 02:22

HANOI | Sun May 6, 2012 10:22pm EDT

HANOI May 7 (Reuters) - These are some of the leading stories in the official Vietnamese press on Monday. Reuters has not verified these stories and does not vouch for their accuracy.

- Saigon Hanoi Bank has secured shareholder approval to merge with Hanoi Building Commercial Joint Stock Bank to form one of the top ten listed lenders by assets in Vietnam.

- The Finance Ministry said it had approved a package worth 29 trillion dong ($1.4 billion) to help businesses and support financial markets through measures such as cutting taxes and extending taxation deadlines.

- Consumption demand in Ho Chi Minh City has improved after falling in the past few months, retailers said.

- Dang Thi Hoang Yen, who is chairman of Tan Tao Investment and Industry Corp, has resigned as a National Assembly deputy.

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