Vietnam Business News

---

• Additional 1.282tr dong for investment project of Cau Gie-Ninh Binh expressway
• Rotor instalment for first turbine of Son La hydropower plant
• Malaysian group wishes to invest $1.5b in thermo power industry
• HCM City’s industrial production value reaches 323tr dong
• Vietnam textile garment market share grows in America
• Prime minister hopes to strengthen trade ties with Canada
• VN Index surges by end of session due to rumours
• Texhong Group builds second plant in Vietnam
• Insurance provider gains Jan-July profit of 38b dong
• Forex market continues being strained

Additional 1.282tr dong for investment project of Cau Gie-Ninh Binh expressway Posted: 19 Aug 2010 11:57 PM PDT Minister of Transport has approved the adjustment for the first phase of Cau Gie-Ninh Binh expressway project. Vietnam Expressway Investment and Development Corp is the main investor for this project. Accordingly, the total investment capital for this construction project will be adjusted from 7.692 trillion dong to 8.974 trillion dong, increasing by 1.282 trillion dong due [...]

Rotor instalment for first turbine of Son La hydropower plant Posted: 19 Aug 2010 11:56 PM PDT The rotor for first turbine of Son La hydropower plant project is supposed to be officially installed on August 20, marking the important milestone for preparing to put into operation the first turbine of this hydropower plant by the end of 2010. The rotor of Son La thermo power plant has total weight of 1,000 tonnes, [...]

Malaysian group wishes to invest $1.5b in thermo power industry Posted: 19 Aug 2010 11:56 PM PDT The Malaysia-based Janakuasa Holdings Group has entered the final phase of preparation progress for conducting investment project in Duyen Hai 2 thermo power plant, Quang Ninh province. Ti Chee Liang, chair cum executive manager of Janakuasa Holdings has revealed that his group started negotiating about signing the electricity purchasing contract and BOT in mid-August. If there [...]

HCM City’s industrial production value reaches 323tr dong Posted: 19 Aug 2010 11:51 PM PDT HCM City’s industrial production value gained over 323 trillion dong in first seven months of this year, contributing to a 13.6 percent rise over the same period last year, according to Hochiminh Industry and Trade Department. In only July, the value increased 3.8 percent over last month, rising nearly 17 percent year-on-year. At least 24 of [...]

Vietnam textile garment market share grows in America Posted: 19 Aug 2010 11:50 PM PDT Vietnam textile garment sector has reported an increase its market share in America, according to Vietnam Industry and Trade Information Centre (VITIC). In details, the textile items accounted for 4.96 percent in quantity, contributing a one percent-rise against nearly a year ago. The favourable items are special cloth (accounting for 23 percent), dress (18 percent) and [...]

Prime minister hopes to strengthen trade ties with Canada Posted: 19 Aug 2010 11:42 PM PDT Prime minister Nguyen Tan Dung said he hoped to increase two-way trade turnover between Vietnam and Canada to more than $2 billion in the near future. He made the statement during the farewell ceremony for the outgoing Canadian ambassador to Vietnam Deanna Horton. Speaking with the ambassador at a meeting in the capital city yesterday, Dung said [...]

VN Index surges by end of session due to rumours Posted: 19 Aug 2010 11:40 PM PDT The transaction remained gloomy during today session with low market liquidity at 3-4 million shares in both bourses. After the first trading session, the index of Hochiminh Stock Exchange (STC) kept dipping 0.17 point or 0.04 percent to 452.06 points. In the following phase, the downtrend continued and pushed the VN Index fall to below 450-point [...]

Texhong Group builds second plant in Vietnam Posted: 19 Aug 2010 11:02 PM PDT Vietnam Textile and Garment Association (Vitas) revealed that the China-based Texhong Group was working out the investment project of a new fibre plant in Hai Yen industrial zone, Quang Ninh province with total investment capital of $100 million. Hong Tianzhu, the group’s chair has worked with the leaders of Quang Ninh province’s functional authority about this [...]

Insurance provider gains Jan-July profit of 38b dong Posted: 19 Aug 2010 10:53 PM PDT At the end of July, BIDV Insurance Co (BIC) reported gaining accumulative revenue of 413.95 billion dong, increasing by 54 percent against the same period of last year; and pre-tax profit of 38.24 billion dong, up 59 percent year-on-year. In details, the company reported gaining revenue from insurance premium of 274.64 billion dong, up 62 percent [...]

Forex market continues being strained Posted: 19 Aug 2010 10:52 PM PDT Both gold and dollar prices declined in the afternoon of August 18, after rising in the morning of the same day. Trade experts said the main reason is not only the impact of the two-percent devaluation of dong by the State Bank, but also the concern that the shortage of US dollar might continue. In 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