Vietnam Business News

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• Song Da Consultancy signs 17b dong surveying contract for two hydropower plants
• Over 2.5tr dong invested in Dung Quat-Sa Huynh coastal road
• Bac Lieu wind power plant to be added in general electricity plan No 4
• Japan to aid 135b dong for reservoirs’ upgrade in Quang Ngai
• DMC inaugurates first phase of pharmaceutical industries
• FDI withers as industrial projects slumps
• Vietnam stock briefs August 13
• Two bourses reverse to surge slightly
• SCB fulfils 65pct of year plan in Jan-July period
• Western Bank cooperates with Truong Hai Auto

Song Da Consultancy signs 17b dong surveying contract for two hydropower plants Posted: 13 Aug 2010 01:12 AM PDT Song Da Consultancy Joint Stock Co (coded SDC) announced to sign the consulting contract No 12/2010/HD-TDSD-SDCC with Song Da Group on August 9, 2010. Accordingly, SDC will take responsibility for conducting survey for construction conditions of two hydropower projects of Se Kong 3A and Se Kong 3B in technical designing phase. The contract will last from July [...]

Over 2.5tr dong invested in Dung Quat-Sa Huynh coastal road Posted: 13 Aug 2010 01:11 AM PDT Hoang Trung Hai, deputy prime minister has approved for Quang Ngai province people’s committee to continue carrying out the second phase of construction project of Dung Quat-Sa Huynh coastal road, from Tra Khuc to Sa Huynh. This road will be built at road level 2 with total investment capital of over 2.5 trillion dong. The Dung Quat-Sa [...]

Bac Lieu wind power plant to be added in general electricity plan No 4 Posted: 13 Aug 2010 01:11 AM PDT Deputy minister Hoang Trung Hai has recently approved in principle for supplementing the 99MW Bac Lieu wind power plant in the list of general electricity plan No 4. The deputy minister assigned ministry of industry and trade, working together with Bac Lieu province people’s committee to guide Cong Ly Construction, Trading and Tourism Co Ltd to [...]

Japan to aid 135b dong for reservoirs’ upgrade in Quang Ngai Posted: 13 Aug 2010 01:10 AM PDT The Japan International Cooperation Agency (Jica) will provide 135 billion dong (roughly 698 million JPY) in non-refundable aid to help restore seven small-sized reservoirs in the central province of Quang Ngai. An agreement to this effect was signed in Hanoi on August 11. The project, which will be implemented from January 2011 to October 2012, aims [...]

DMC inaugurates first phase of pharmaceutical industries Posted: 13 Aug 2010 01:10 AM PDT Domesco Medical Import Export Co (DMC) inaugurated first phase Domesco high technology pharmaceutical industries in Cao Lanh, Dong Thap with 173 billion dong of investment. The 111,320 square meters project has four subzones: Non-betalactam chemical plant, betalactam one, materials manufacture one and all-purposed manufactured articles one.

FDI withers as industrial projects slumps Posted: 13 Aug 2010 01:09 AM PDT Foreign direct investment (FDI) flows have decreased substantially, although the number of small FDI projects has soared recently. According to the Foreign Investment Agency (FIA), an the arm of the Ministry of Planning and Investment, one hundred less projects were registered in 2010’s first seven months compared with the previous year. Newly-registered capital fell to 68 [...]

Vietnam stock briefs August 13 Posted: 13 Aug 2010 01:02 AM PDT Shareholders’ meeting of Sao Mai JSC (ASM) has passed a plan to issue 10.4074 million shares to raise the company’s chartered capital from 99.13 billion dong to 203.2 billion dong. * Rang Dong Light Source & Vacuum Flask Joint Stock Co (coded RAL) announced that August 20 would be the ex-dividend session and August 24 registration [...]

Two bourses reverse to surge slightly Posted: 13 Aug 2010 01:01 AM PDT Thanks to improved demand power flowing in two major stock markets, the two indexes of VN Index and HNX Index reversed to increase in the last session of this week. Within 30 minutes of the first trading session, VN Index dropped by 7.68 points or 1.71 percent to 440.72 points with total trading volume of 2.8 [...]

SCB fulfils 65pct of year plan in Jan-July period Posted: 13 Aug 2010 12:54 AM PDT Saigon Commercial Joint Stock Bank (SCB) has fulfilled 65 percent of the year plan up to the end of July 2010. In details, the lender’s total asset value was posted at 52.47 trillion dong, increasing by 17.11 percent against the same period of last year; total capital mobilisation of 44.775 trillion dong and profit after tax [...]

Western Bank cooperates with Truong Hai Auto Posted: 13 Aug 2010 12:53 AM PDT Western Commercial Joint Stock Bank (Western Bank) has signed a strategic cooperation contract with Truong Hai Automobile Joint Stock Co to launch supporting programme for car purchasers in Truong Hai Auto agents and showrooms nationwide. Accordingly, Western Bank would offer customer’s loans up to 80 percent of the car value for the products of tourism cars [...]

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