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GBS - Vietnamese shares tumbled on October 10, but the two indices still added value compared with the previous week.

Some leading stocks, notably PetroVietnam Gas (GAS), spearheaded the rally. GAS increased strongly following news that its mother company, PetroVietnam, discovered the country's largest gas field in the central coast.

GBS - The State Bank of Vietnam has allowed Vietnam Prosperity Bank (VPBank) to acquire Vietnam National Coal - Mineral Finance Company (CMF), the Saigon Times Daily reported on July 2.

GBS - Moody's has placed six Vietnamese banks on positive outlook, the credit rating agency announced on its website on Monday.

Transactions are carried out at the Vietnam International Bank. Moody's has upgrade the ratings of this bank by one notch to B2.

GBS - Vietnam National Textile and Garment Group, or Vinatex, will launch an initial public offering (IPO) on July 22, one year slower than earlier scheduled, the Saigon Times Daily reported.

GBS - Southern Airport Services Company (Sasco), a major seller of goods and services in Tan Son Nhat airport, plans to offer 31,097,900 shares, or a 23.65 per cent stake, at its IPO at an initial price of VND10,000(0.47 US cent)/share.

GBS - Shares continued their upward trend on both stock exchanges on May 28 as blue chip rallies propped up the markets.

GBS is one of the best business law firms in Vietnam with a network South East Asia, Middle East, Japan, HongKong, Malta and Poland.

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