Rates for capitalreplenishment and discounting will also stay the same. Previously, expertspredicted commercial banks would raise their interest rates to attract customersbecause other investment channels, including the stock and real estate markets,were luring away investors.

HCM CITY — The HaNoi-based An Binh Bank Securities Co (ABBS) yesterday inaugurated anorder-receiving agent on HCM City's Nguyen Cong Tru Street, District 1, whereparent company An Binh Bank (ABBANK) also opened a new transaction office thesame day.

The securities companyrecently set up its first order-receiving agent in Da Nang The new office bringsthe total number of ABBANK branches and offices to 18, a figure expected toincrease to 50 by the year's end.

HCM CITY – US companyACE Life Insurance yesterday opened a new office on Pham Ngoc Thach Street, thecompany's third office in HCM City and its 10th in the country.

After over a year inoperation, ACE Life has accumulated around 18,000 clients, with around 90 percent holding a Universal Life policy in their portfolios. The company maintainsa 3,000-agent network nationwide.

Construction on the GreenView project, which would encompass 6,000sq.m in HCM City's District 7, isscheduled to begin in the second quarter of this year.

HCM CITY — The HCM CitySecurities Trading Centre will begin ordermatching on May 7, a month later thanthe planned, according to Tran Dac Sinh, bourse director.

The current systemexecutes trades three times a day in bulk, while electronic ordermatching allowstrades to be executed on a continued and nearly instantaneous basis.

Market regulators hopeordermatching will help prevent the trading system from overloading and cut theamount of time it takes to execute a trade.

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