Update news Ocean Group
Shoemakers upbeat on prospects for 2015; Ocean Group to sell property projects; Import duty differentials benefit fuel firms; Vinacas sets high export growth for cashew nuts; Residential real estate market on the road to recovery
BUSINESS IN BRIEF 10/1
HCMC apartment supplies surge; Dong fall piles pressure on foreign debt payment; Fuel import tariffs hiked to back wholesalers - ministry; Amata seeks to invest in Binh Dinh; HSBC puts GDP growth at 6.1% this year
Ocean Bank to freeze Ocean Group accounts
Police investigation authority has recently requested Ocean Bank to freeze Ocean Group Joint Stock Company (OGC) accounts until receiving official clearance.
Stocks nosedive on bank scandal
The arrest of a senior banking official late last week, the second in as many years, dragged down shares on both stock exchanges yesterday as investors tried to avert downward risks by selling more shares.
Ocean Group buys Hanoi’s most famous ice cream brand
VietNamNet Bridge – According to the 2013 audited financial statements of the Ocean Hotels - Services JSC (OCH), this company paid a high price to buy Trang Tien Ice Cream.
Who are the biggest debtors?
VietNamNet Bridge - Not only earning huge profits annually, the owners of big groups are also the largest debtors of banks with loans up to hundreds of millions of US dollars.