Vietnam Business News

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• Singapore imports Vietnamese aviation oil
• Vietnam seek business opportunities in Argentina
• How to make a virtue of temporary stockpiles
• Minister urges greater industrial output
• Ha Noi hosts VNPT Week 2010
• Gia Lam airport to serve civilian, military flights
• Spain IT security firm to open ‘911 shops’
• City to host medical equipment expo
• Vinachem to build sorbitol plant
• Shares feel banks’ capital squeeze

Singapore imports Vietnamese aviation oil Posted: 10 Aug 2010 11:13 PM PDT The Binh Son Refinery and Petrochemical Co. (BSR) under the Vietnam National Oil and Gas Group (PetroVietnam) has sold the first batch of Jet A1 fuel for aeroplanes, produced by the Dung Quat oil refinery to BP Singapore Pte. Ltd. The batch, the first of its kind made in Vietnam, weighed 4,500 tonnes. Dung Quat's Jet A1 [...]

Vietnam seek business opportunities in Argentina Posted: 10 Aug 2010 11:12 PM PDT A trade promotion delegation from the Ministry of Industry and Trade (MoIT) and a group of Vietnamese entrepreneurs visited Argentina on August 9-10 to seek partners from this South American nation. Speaking at the Argentina-Vietnam business forum, Pham Ngoc Canh, Deputy Head of the MoIT's American Market Department introduced Vietnam's two-decade economic achievements, the advantages of [...]

How to make a virtue of temporary stockpiles Posted: 10 Aug 2010 11:11 PM PDT The virtue of temporary stockpile depends on bank loans, capital management and those who are allowed to purchase agricultural products for temporary stockpiling. In Hau Giang province, banks are willing to provide loans for businesses to stock up on rice. So, there is no big problem with them. However, Le Van Thanh, director of the Ha [...]

Minister urges greater industrial output Posted: 10 Aug 2010 11:10 PM PDT The Ministry of Industry and Trade has asked manufacturers to step up production in the remaining months of the year to help keep the trade deficit under 20 per cent. Minister Vu Huy Hoang asked State-run corporations and economic groups to take detailed measures to offset potential obstacles to business success. Key projects, particularly in power production [...]

Ha Noi hosts VNPT Week 2010 Posted: 10 Aug 2010 11:09 PM PDT VNPT Week 2010 opened in Ha Noi yesterday. Organised by the Viet Nam Posts and Telecommunication Group (VNPT), the event will run until Sunday. VNPT will be awarding a prize called “Information and Life” for the best photo essays, literature pieces and video clips on formation and communications.

Gia Lam airport to serve civilian, military flights Posted: 10 Aug 2010 11:09 PM PDT The Ministry of Transport (MoT) has agreed to use Gia Lam Airport for both civil and military purposes. The project has an estimated investment capital of VND100 billion (US$5.3 million). Under the master plan signed by the MoT, the airport will be able to handle 162,000 passengers a year and accommodate three aircraft – ATR72s and Fokkers. [...]

Spain IT security firm to open ‘911 shops’ Posted: 10 Aug 2010 11:08 PM PDT Panda Tech Company, a representative of Spanish-based Panda Security in the Indochina region, has signed a cooperation agreement with Vietnamese Computer Emergency and Network Security Center 911. Under the agreement, Panda Security’s products – a cloud-based security solution that protects computer users from viruses, spyware, rootkits, hackers, online fraud, identity theft and other internet threats – [...]

City to host medical equipment expo Posted: 10 Aug 2010 11:08 PM PDT More than 250 local and international companies will take part in the fifth international exhibition on medical equipment and pharmaceutical products in HCM City from September 22-25. The PharmEd and Healthcare Viet Nam 2010 will be held at the HCM City International Exhibition and Convention Center in Tan Binh District. The four-day event will showcase medicines, pharmaceutical [...]

Vinachem to build sorbitol plant Posted: 10 Aug 2010 11:07 PM PDT Viet Nam National Chemical Group (Vinachem) signed a joint venture contract on Monday with businesses in Tay Ninh Province to build the country’s first sorbitol plant. Vinachem has contributed 45 per cent of joint-venture capital for the VND500 billion (US$26.3 million) plant while Tay Ninh Sugarcane MTV Ltd Co; Tay Ninh Rubber 1-5 MTV Ltd Co [...]

Shares feel banks’ capital squeeze Posted: 10 Aug 2010 11:06 PM PDT The VN-Index declined by another 2.34 per cent yesterday to finish the session at 461.67 points, with 86 per cent of codes on the HCM City Stock Exchange lighting up in red by the end of the day. Despite the slumping share values, the overall value of trades rose by 34.4 per cent over Monday’s total [...]

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