Vietnam Business News
Vietnam Business News |
- Vietcombank to provide credit to EVN
- Securities firms steady investor nerves
- Vietcombank to sell stake in Eximbank
- Exports to Thailand below potential, says ambassador
- Contest ferrets out software bugs
- Nghe An attracts $2b in investment
- No shortage of rice, says ministry
- Firms seek greater share of State projects
- Early warning system to avoid anti-dumping suits introduced
- First crude imports feed VN’s first oil refinery
Vietcombank to provide credit to EVN Posted: 11 Aug 2010 10:27 PM PDT The Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank) yesterday signed a bilateral agreement with Electricity of Viet Nam (EVN) to enhance co-operation between the companies. Vietcombank provides credit to EVN’s major projects, including the Phu My 2.1 thermo-electric project and the Quang Tri hydroelectric project. |
Securities firms steady investor nerves Posted: 11 Aug 2010 10:26 PM PDT Stocks halted their declines on both national stock exchanges yesterday as investors responded positively to news that securities companies would reduce their sales of shares pledged as collateral. On the HCM City Stock Exchange, the VN-Index gained 0.31 per cent to end Wednesday’s trades at 463.12 points. While trading volume fell by nearly 30 per cent from [...] |
Vietcombank to sell stake in Eximbank Posted: 11 Aug 2010 10:25 PM PDT Vietcombank will sell 5 million shares it holds in Eximbank, representing a 1.26-per-cent stake, as part of its effort to restructure its investment portfolio and meet stricter capital adequacy ratio (CAR) requirements, Vietcombank management board member Le Thi Hoa told Viet Nam News yesterday. Hoa is also deputy CEO of Eximbank. The deal will lower Vietcombank’s share [...] |
Exports to Thailand below potential, says ambassador Posted: 11 Aug 2010 10:24 PM PDT Exports to Thailand were well below potential even though the two countries were neighbours, Thai Ambassador to Viet Nam Pisanu Chanvitan said on the eve of the annual Thailand exhibition which opens in Ha Noi today. For example, Thailand had a high demand for seafood and Viet Nam was a leading seafood exporter, yet Vietnamese seafood [...] |
Contest ferrets out software bugs Posted: 11 Aug 2010 10:23 PM PDT A contest to hunt for software bugs announced by American software testing LogiGear Corporation has so far attracted 270 participants from around the world. It offers prizes each worth US$450 to five winners for the Viet Nam International Software Testing and Automation Conference (VistaCon 2010) to be held in HCM City next month. The contest, for which [...] |
Nghe An attracts $2b in investment Posted: 11 Aug 2010 10:23 PM PDT The central province of Nghe An licensed 45 investment projects totalling VND39 trillion (more than US$2 billion) in the first seven months of this year, doubling its target set for the year, the provincial Department of Planning and Investment said. Of the total, 40 were domestic invested projects with the combined capital of VND20 billion (more [...] |
No shortage of rice, says ministry Posted: 11 Aug 2010 10:22 PM PDT Rice exports will total 6 million tonnes this year while domestic food security is still ensured, deputy minister of Industry and Trade Nguyen Thanh Bien told reporters here on Tuesday. About 4.1 million tonnes has already been shipped, earning US$2 billion, a decline of 2.5 per cent in volume from the same period last year but [...] |
Firms seek greater share of State projects Posted: 11 Aug 2010 10:22 PM PDT National Assembly Finance and Budget Committee member Pham Thi Loan wants the Bidding Law and Investment Law re-assessed to ensure domestic enterprises win a greater share of State projects. The regulations governing State-funded project bidding should be examined and technical regulations changed, if necessary, to ensure the use of made-in- Viet Nam materials, she said. The parliamentarian [...] |
Early warning system to avoid anti-dumping suits introduced Posted: 11 Aug 2010 10:13 PM PDT A new early warning system of anti-dumping cases was introduced to enterprises at a seminar in Ho Chi Minh City by the Vietnam Competition Authority under the Ministry of Industry and Trade on August 11. The system will help Vietnamese enterprises to actively avoid anti-dumping cases against their products by accessing www.canhbaosom.vn or www.earlywarning.vn. Vietnamese exporters [...] |
First crude imports feed VN’s first oil refinery Posted: 11 Aug 2010 10:12 PM PDT A crude oil tanker from Azerbaijan arrived at Viet Thanh bay on August 11 to supply raw materials for the Dung Quat oil refinery in the central province of Quang Ngai. It is the first shipment under a deal signed by the Vietnam Oil and Gas Group (PetroVietnam) with the SOCAR Company of Azerbaijan and the [...] |
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