Vietnam Business News

---

• $250m for international port in Hai Phong
• Construction on Da Nang-Quang Ngai expressway to be started late 2011
• 70b dong for railway’s ground clearance
• NPT moves workshops to new location
• Prices of many commodities predicted to rise in August
• Cement sector needs to be restructured
• Vinaincon under capitalisation
• SBV governor says no high bank safety ratios in Circular 13
• Mekong Capital announces gaining high profit from investment activities
• Techcombank applies to collect transaction charges at ATMs

$250m for international port in Hai Phong Posted: 15 Aug 2010 10:05 PM PDT Vietnam National Shipping Lines (Vinalines) has entered into negotiations with three Japanese partners: Itochu, Mitsui O.S.K Lines and NYK to build Hai Phong International Port in Lach Huyen estuary, Chanh River, Cat Hai district with 250 million dollar of investment. The investors will build two 750 meter container piers, covering 53.8 hectares on PPP (public-private partnership) [...]

Construction on Da Nang-Quang Ngai expressway to be started late 2011 Posted: 15 Aug 2010 10:04 PM PDT Da Nang City People’s Committee has worked with World Bank (WB) and Vietnam Expressway Investment and Development Corp (VEC) to discuss about the compensation methods for purposes of ground clearance and construction on Da Nang-Quang Ngai Expressway project. The Da Nang-Quang Ngai Expressway is about 140 kilometres long, including 131.5 kilometres of expressway and 8.02 kilometres [...]

70b dong for railway’s ground clearance Posted: 15 Aug 2010 10:04 PM PDT Hanoi People Committee and relevant sectors had a work for ground clearance of Cat Linh – Ha Dong railway with 70 billion dong of clearance’s investment Ministry of transport of Vietnam poured 70 billion dong for the clearance, including 25 billion dong to for moving the infrastructure and 57 billion dong for compensation, support, and resettlement. As [...]

NPT moves workshops to new location Posted: 15 Aug 2010 10:01 PM PDT Thieu Nien Tien Phong Plastic JSC (NPT) moved PEHD pipe workshop to Hung Dao, Duong Kinh District in order to set up more six new chains there. The firm also submitted the application for construction of high-ranking tenement house and offices for lease at old its Hai Phong based- head office. The firm prepared to build [...]

Prices of many commodities predicted to rise in August Posted: 15 Aug 2010 09:59 PM PDT In the past few days, the rice price has increased by 500-1,000 dong per kilogramme. Huynh Cong Thanh, director of HCM City Food Co said that the company had sufficient stockpiled rice; therefore, the uptrend in rice price was expected to last for short time. The company has already prepared at least 10,000 tonnes of [...]

Cement sector needs to be restructured Posted: 15 Aug 2010 09:59 PM PDT Ministry of Construction has carried out restructuring of Vietnam’s cement industry up to 2015 with orientation to 2025. It was expected that the afore-mentioned drafted plan would be finished and submitted to the government for approval in Q4 of 2010. Within the period from now up to 2015, the ministry will have to set up the [...]

Vinaincon under capitalisation Posted: 15 Aug 2010 09:45 PM PDT The prime minister has signed decision No 1437/QD-TTg approving capitalisation plan of the parent company, Vietnam Industrial Construction Corporation (Vinaincon). According to the plan, the company’s capitalisation would be carried out by selling one of state owned capital and issuing additional shares to raise its chartered capital. Vinaincon now has 550 billion dong of chartered capital. In [...]

SBV governor says no high bank safety ratios in Circular 13 Posted: 15 Aug 2010 09:44 PM PDT Some criteria of bank safety ratios prescribed in Circular 13 is scheduled to be effective as of October 1, 2010 are still too low, according to the State Bank of Vietnam Governor Nguyen Van Giau. 14 banks and finance companies via Vietnam Bankers’ Association (VNBA) have recently made an official response to the State Bank of [...]

Mekong Capital announces gaining high profit from investment activities Posted: 15 Aug 2010 09:42 PM PDT Mekong Capital has announced that in the first six months of this year, 21 companies included in the investment portfolio of three funds under Mekong Capital’s management have reached average growth in net profit by 30 percent year-on-year The companies specialising in consumption fields achieved sharp increase thanks to their large market shares in small market [...]

Techcombank applies to collect transaction charges at ATMs Posted: 15 Aug 2010 09:41 PM PDT From October 5, 2010, Vietnam Technological Commercial Joint Stock Bank (Techcombank) will start collecting transaction charges at ATMs of other banks for the domestic debit cards owners (including the owners of F@stAccess, F@stAccess-I and F@stUni cards The transaction charges for cardholders who withdraw money at ATMs of other banks will be 3,300 dong per transaction. The [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610