VIETNAM

Firm Established to Create Capital Market: Vietnam is trying to create its own capital market by setting up a finance company in Ho Chi Minh City and issuing treasury bills last week, according to reports in official newspapers. Saigon Finance Co., Vietnam’s first joint-stock finance firm, will mobilize capital by dealing in treasury bills, borrowing from local credit organizations and lending to companies and individuals, the Vietnam News newspaper said. The company will also buy shares, trade in foreign currency and be able to borrow from and carry out other transactions overseas, it said.