Nguyen Duc

Fiachra Mac Cana, an analyst at HCM City Securities Company, said that credit has stopped growing. The State Bank of Vietnam has obtained its goal by

vietnam stock market (Free subscription) | 11 hours ago

... payments for fear that they will not be able to continue borrowing money after they pay debts. Nguyen Duc Kien, the founding member of ACB bank, said that clients are queuing to borrow money, but the bank cannot lend to them as the credit growth rate must be kept at 30%. A steel mill said that it had to re-export steel for cheaper than the world's price because it couldn't sell to domestic...

No showing-off, Viet Nam's first plane owner says

Vietnam Business Finance (Free subscription) | 05/12/2008

The first man to own a private airplane in Viet Nam since 1975 said the purchase was a carefully made business decision rather than an ostentatious move for show. In an interview with Thanh Nien Sunday, Doan Nguyen Duc, the Board Chairman of Hoang Anh Gia Lai (HAGL) Company, compared the purchase with his landslide recruitment of Thai “super striker” Kiatisuk “Zico” Senamuang to his football...

Real estate tycoon buys first private plane in Communist Vietnam

The Earth Times Online Newspaper (Free subscription) | 05/12/2008

Hanoi - Real estate and forest products magnate Doan Nguyen Duc has purchased his own plane, he said Monday, becoming the first private plane owner in Vietnam since the Communist Hanoi government absorbed the former South Vietnam in 1975. I think it...

Banks deny rumors of heavy share trading losses

vietnam stock market (Free subscription) | 05/13/2008

... on Wednesday. In a bid to reassure investors, Asia Commercial Bank Investment Board Chairman Nguyen Duc Kien Thursday said the bank’s exposure to the share market was small. “Asia Commercial Bank has invested VND1.18 trillion (US$111.4 million) in shares, of which VND674 billion ($41.7 million) was used to buy shares of strategic partners at preferential prices,” Kien said. “These investments,...

Chairman to be first Vietnamese private aircraft owner

Investor's Iraq Forum (Free subscription) | 05/11/2008

The chairman of Hoang Anh Gia Lai Joint Stock Company (HAGL), a well-known Vietnamese conglomerate, will be the first Vietnamese to own a private plane. Doan Nguyen Duc told his US$7 million Beechcraft King Air 350 had departed Mena Airport in the US state of Arkansas and would land at Ho Chi Minh...

• Chairman to be first Vietnamese private aircraft owner - Vietnam Business Finance

Chairman to be first Vietnamese private aircraft owner

Vietnam Business Finance (Free subscription) | 05/10/2008

The chairman of Hoang Anh Gia Lai Joint Stock Company (HAGL), a well-known Vietnamese conglomerate, will be the first Vietnamese to own a private plane. Doan Nguyen Duc told Thanh Nien his US$7 million Beechcraft King Air 350 had departed Mena Airport in the US state of Arkansas and would land at Ho Chi Minh City's Tan Son Nhat Airport on May 14. Duc's 60% stake in HAGL is estimated to worth...

ACB reports 1.2tr dong profit from securities investment in 2007

vietnam stock market (Free subscription) | 05/10/2008

... corporate bonds and the remaining 1.178 trillion dong invested in shares. The bank's vice chair Nguyen Duc Kien said that, the share investment capital of nearly 1.178 trillion dong accounted fro 2.8% of total investment portfolio and lending, and only 1.38% of its total asset of 101 trillion dong. Last year ACB also earned about 1.2 trillion dong profit from share investment and withdrew...