PRESS DIGEST - Vietnam newspapers - Aug 11

Mon Aug 11, 2008 3:41am BST
 
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HANOI, Aug 11 (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.

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FINANCIAL NEWS:

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THOI BAO KINH TE VIETNAM

-- State-owned economic groups must have a registered capital of at least 7 trillion dong ($424 million) and the parent company must be wholly or mostly owned by the state, the Finance Ministry said in a draft decree on operation of state conglomerates.

-- Lien Viet Bank, one of Vietnam's two banks licensed this year, said its branch in Hanoi has raised more than 1 trillion dong ($61 million) in deposits after two months of operation.

-- Asean Capital said in a meeting with Ba Ria-Vung Tau provincial authorities it would buy shares in the province's small- and medium-sized companies operating in the agriculture sector or building infrastructure for listing on U.S. stock exchanges.

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