EDL-Gen volumes re-emerged in mixed trading.

The Bank for Industry and Trade of Viet Nam (Vietinbank) plans to sell 20 per cent of its shares to a strategic partner in the third or fourth quarter of this year, said Pham Huy Hung, the bank's chairman, at an analysts' meeting yesterday in Ha Noi.

Price of gold in Vietnam sank below VND41 million a tael (1.2 ounces), the lowest level since late July last year on May 16 while global price weakened due to concern over European sovereign-debt crisis.

It is genrally agreed that with every challenge comes an opportunity, and the common saying is being used to talk about the local property market that has slid into difficulties since 2008.

While businesses moan about big losses and heaped debts, banks still make fat profit, thus allowing their bosses to pocket millions of dollars a year.

Southern Binh Duong province takes the lead in attracting foreign direct investment (FDI) in the first four months of this year, with US$ 1.6 billion, accounting for 37.2 percent of the country’s total FDI.

79,000 businesses in 2011, and 18,000 more businesses in the first four months of the year reportedly got dissolved. In such conditions, debt and asset trading has emerged as the highly possible solution to rescue businesses.