Vietnam Business News

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• Hanoi plans to spend $3 Mln on massive city model
• Dai A bank gets approval to raise charter capital to VND3.1Tln
• Supermarket promotes local products
• Province holds billions of tonnes of bauxite
• August 23: VN Index, liquidity set fresh YTD lows on caution
• Ha Giang withdraws business licences
• Ministry acts to curb powdered milk prices
• Over 785b dong for upgrading 18C nation highway’s
• SRC to build real estate project in Hanoi
• CMI to set up subsidiary for hydropower business

Hanoi plans to spend $3 Mln on massive city model Posted: 22 Aug 2010 10:28 PM PDT Hanoi will invest US$3 million into city models based on its twenty-year master zoning plan. Hanoi will invest US$3 million into city models based on its twenty-year master zoning plan. The model will be unveiled at the city's 1,000th anniversary this October, deputy minister of construction Nguyen Dinh Toan said. Two large models covering between 600-700 square meter [...]

Dai A bank gets approval to raise charter capital to VND3.1Tln Posted: 22 Aug 2010 10:26 PM PDT Dai A Joint Stock Commercial Bank (Dai A Bank) on August 18 got approval from the State Securities Committee (SSC) to offer VND2.1 trillion new shares to the public to scale up its charter capital to VND3.1 trillion, the securities watch dog said on its website. Dai A Joint Stock Commercial Bank (Dai A Bank) [...]

Supermarket promotes local products Posted: 22 Aug 2010 10:21 PM PDT Sai Gon Co.op Mart on Friday announced its biggest month-long promotion to date aimed at encouraging consumption of Vietnamese products and contributing to national economic growth Sai Gon Co.op Mart on Friday announced its biggest month-long promotion to date aimed at encouraging consumption of Vietnamese products and contributing to national economic growth. The “Proud of Vietnamese [...]

Province holds billions of tonnes of bauxite Posted: 22 Aug 2010 10:21 PM PDT The Ministry of Industry National Institute of Mining – Metallurgy Science and Technology on Friday announced results of a survey done by An Vien Joint Stock Company at the Thong Nhat and Tho Son mines in Bu Dang District, Binh Phuoc Province. The Ministry of Industry National Institute of Mining – Metallurgy Science and Technology on [...]

August 23: VN Index, liquidity set fresh YTD lows on caution Posted: 22 Aug 2010 10:19 PM PDT Vietnamese stocks resumed its falling track on August 23 and both the benchmark and liquidityfell the lowest levels year to date as investors were cautious waiting for the next catalysts for the market movement. The benchmark VN Index lost 6.92 points or 1.52% to 447.92 on August 23. Volume fell to 24.99 million shares traded for [...]

Ha Giang withdraws business licences Posted: 22 Aug 2010 09:50 PM PDT Authorities in northern Ha Giang Province withdrew business licences at 23 gold mines after serious violations of the Mineral Law were found. Deputy Prime Minister Hoang Trung Hai requested that work stop at the mines in the province’s Bac Quang, Vi Xuyen, Quang Binh, Bac Me and Meo Vac districts. Hai asked the Ministry of Natural Resources [...]

Ministry acts to curb powdered milk prices Posted: 22 Aug 2010 09:49 PM PDT Wholesalers and retailers of imported powdered milk for children under six will have to explain their prices to the Price Administration Department from Friday, October 1. The requirement, contained in Finance Ministry Circular 112/2010/TT-BTC issued late last week, is intended to halt the volatility of the product’s constantly rising price. Price Administration Department deputy director Nguyen Anh [...]

Over 785b dong for upgrading 18C nation highway’s Posted: 22 Aug 2010 09:48 PM PDT Quang Ninh provincial Department of Transportation broke ground for upgrading and reforming 18C Tien yen-Hoanh Mo national highway at a total cost of 785 billion dong. The key transport road links 18A national highway in Tien Yen district to Hoanh Mo, the Quang Ninh’s second biggest port. The work with width of nine metres will be shortened [...]

SRC to build real estate project in Hanoi Posted: 22 Aug 2010 09:47 PM PDT Sao Vang Rubber Joint Stock Company (SRC) is seeking partner for real estate work at No 231 Nguyen TraI, Hanoi, said Nguyen Gia Tuong, chair of management board. The shareholders’ meeting mentioned changing land-use of 6.2 hectare – company’s head office and moving its factory to suburban district. Tuong said the company is planning to set [...]

CMI to set up subsidiary for hydropower business Posted: 22 Aug 2010 09:40 PM PDT Cavico Minerals and Industrial Joint Stock Company (coded CMI) announced capital contribution on August 20 for establishment of Nghe An Energy and Minerals Joint Stock Company to invest Xop Coc hydropower plant in Tuong Duong, Nghe An province. In details, CMI and Phu Nguyen Hai Co, Ltd set up the company at total 50 billion dong [...]

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