Vietnam Business News

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• Largest wind power project gets nod
• Construction on 11-kilometre metro project in HCM City starts
• B82 wins two bidding packages worth 135b dong
• STL to rebuild collective housing units in Giang Vo
• Savico starts construction on $20m Mercure Sontra Resort project
• Vietnam stock briefs August 25
• VN Index plunges to lowest level since last year
• PVNC to raise to 600b dong chartered capital in Q4
• VNDirect to mobilise 500b dong via bond issuance
• PetroVietnam subsidiary advances 2010 dividend

Largest wind power project gets nod Posted: 25 Aug 2010 01:02 AM PDT The government has given approval in principle to a 200- MW wind power project to be developed in Binh Thuan Province by the HCM City-based Saigon Investment Group by listing it in the power development master plan. Dinh Huy Hiep, vice chair of Binh Thuan Wind Power Association, told the Saigon Times that the project, which [...]

Construction on 11-kilometre metro project in HCM City starts Posted: 25 Aug 2010 01:01 AM PDT Hoang Trung Hai, deputy prime minister participated in the ground breaking ceremony of the metro No 2 project – Ben Thanh-An Suong that took place yesterday in Tan Thoi Nhat, Dist 12, HCM City. As planned, the metro No 2 will be located in an area of 26 hectares on the northern part of Tham Luong [...]

B82 wins two bidding packages worth 135b dong Posted: 25 Aug 2010 01:01 AM PDT The HNX-listed 482 Joint Stock Co (coded B82) announced to win two bidding packages under two construction projects of Ho Chi Minh road and Truong Son Dong road with total value of 135 billion dong. In details, the company won the bidding package No 4 to build the road from Km 540+00 to Km 542+00 under [...]

STL to rebuild collective housing units in Giang Vo Posted: 25 Aug 2010 01:00 AM PDT Song Da-Thang Long JSC (STL) has developed the project of D2 collective housing units’ re-construction in Giang Vo. The work will have 21 stories with two for car parks and one for technology devices. The construction covers 48,660 square metres of ground floor with building coverage ratio of 55.3 percent at total investment of 487 billion [...]

Savico starts construction on $20m Mercure Sontra Resort project Posted: 25 Aug 2010 12:59 AM PDT Saigon general Services Joint Stock Co (Savico) officially kicked off the construction project of Mercure Son Tra Resort this morning on Son Tra peninsula, Da Nang City. Located on Son Tra-Dien Ngoc St, in Bai Trem land plot, Son Tra peninsula, Tho Quang Ward, Da Nang City, the Mercure Sontra Resort is a high-class hotel-tourism-resort complex [...]

Vietnam stock briefs August 25 Posted: 25 Aug 2010 12:57 AM PDT Ba Ria – Vung Tau International Tourist Service Company sold total 12.7939 million shares with initial price of 10,000 dong per share on August 24’s session on the southern bourse. * Hanoi Stock Exchange announced cancelling trading of Asia – Pacific Investment JSC (API) on UPCoM to list on the bourse on September 13. * The southern [...]

VN Index plunges to lowest level since last year Posted: 25 Aug 2010 12:56 AM PDT The Vietnamese stock exchanges continued witnessing the downtrend when the VN Index dropped to the lowest level over the past one year. The only positive signal was the increasing market liquidity. In the first trading session, the VN Index slumped by 7.41 points or 1.71 percent to 427.01 points with total trading volume of over 2.6 [...]

PVNC to raise to 600b dong chartered capital in Q4 Posted: 25 Aug 2010 12:56 AM PDT PetroVietnam Nghe An Construction Joint Stock Company (PVNC – coded PVA) announced September 9 as latest record date to close the shareholders’ list for issuing 50 million shares to raise chartered capital from 100 billion dong to 600 billion dong. The firm is carrying out completing making its listing dossier to develop the plan in next [...]

VNDirect to mobilise 500b dong via bond issuance Posted: 25 Aug 2010 12:55 AM PDT VNDirect Securities Corporation (VND) has developed collecting approvals for convertible bond issuance to improve financial re-structure and financial-credit development. In details, VND is going to issue convertible bonds priced one million dong each to mobilise 500 billion dong within two year-term. The firm will use 300 billion dong for stock trading and 200 billion for committed [...]

PetroVietnam subsidiary advances 2010 dividend Posted: 25 Aug 2010 12:55 AM PDT The southern bourse-listed PetroVietnam Low Pressure Gas Distribution Joint Stock Co (coded PGD) announced to pay 2010 dividend – the first phase to the existing shareholders. In details, Sep 3 would be ex-dividend session and Sep 7 registration deadline to close the shareholders list for advancing first phase dividend in cash with applied rate of 15 [...]

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