Manulife Plaza - April 1st, 2008, Manulife Vietnam Fund Management Company (MVFM) conducted the Checking of Investor Ballots on (i) the postponement of the General Investors Meeting of fiscal year 2007 and (ii) the amendment/ supplement of some Articles of the Fund Charter of MAFPF1....

For and on behalf of Manulife Progressive Fund (MAFPF1), Manulife Vietnam Fund Management Company (MVFM) kindly request the approval in writing by the General Investors Meeting for (1) the postponement of the Annual General Investors Meeting of MAFPF1 for the fiscal year of 2007; and (2) the amendment/supplement of some articles of the Fund Charter.

During an online interview on the Government’s website, central bank Governor Nguyen Van Giau re-affirmed the capability of the State Bank of Vietnam (SBV) to effectively stabilise the foreign exchange (FX) market whenever the market showed an unbalanced supply-demand ratio due to sentiment and speculation.

The trade deficit has been decreasing considerably for the last two months as a result of measures to reduce consumption, tighten public expenses and control foreign currencies for import. However, curbing the trade gap at below $20bil in 2008 remains a big challenge.

One and a half years after joining the World Trade Organisation (WTO), everything seems to have gone well, but strong fluctuations in the market are against all expectations. Leading economists give an in-depth analysis of what Vietnam has gained and lost over the past 18 months.

Interest rates and foreign-currency exchange-rate concerns in the market have been eased thanks to a series of measures taken by the State Bank of Viet Nam to stabilise the country’s monetary market. (Read more...)