Vietnam Business News

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• Vietnam pepper futures end higher on tight supply
• ONGC to finalise BP Vietnam asset valuation in few weeks
• Petrol prices likely to decrease by VND300/L
• ANZ: dealt out
• Indovina bank gets approval to raise charter capital to $165 Mln
• Price registration is here
• LTE a bridge too far for Vietnam
• China power purchases to address electricity woes
• Dak Lak seeking the right blend
• Polluters firmly in the firing line

Vietnam pepper futures end higher on tight supply Posted: 12 Sep 2010 08:48 PM PDT Pepper futures during the week witnessed the usual "tug of war" between the bull and bear operators and after remaining volatile throughout the week on the exchanges, all contracts ended above the previous weekend closing. Pepper futures during the week witnessed the usual "tug of war" between the bull and bear operators and after remaining volatile [...]

ONGC to finalise BP Vietnam asset valuation in few weeks Posted: 12 Sep 2010 08:45 PM PDT Indian state-run explorer Oil and Natural Gas Corp will make a joint bid with Petrovietnam for BP’s Vietnam assets after completing its evaluation of them in the next few weeks, Oil Secretary S.Sundareshan told reporters on Saturday. Indian state-run explorer Oil and Natural Gas Corp will make a joint bid with Petrovietnam for BP’s Vietnam assets [...]

Petrol prices likely to decrease by VND300/L Posted: 12 Sep 2010 08:44 PM PDT The domestic petrol prices are likely to drop by VND300/liter in the coming time due to lower world prices of gasoline, the state-run online newspaper Tuoitre reported on September 13, citing the local gasoline importers. The domestic petrol firms appear to make a profit of VND500/liter, which calculated following the formulas of the Ministry of [...]

ANZ: dealt out Posted: 12 Sep 2010 08:44 PM PDT ANZ is in the center of attention as it is involved in a dispute with a local company. ANZ is in the center of attention as it is involved in a dispute with a local company. ANZ (Vietnam) last month was accused of failing to implement commitments it made with the Interfood Shareholding Company (IFS) regarding advising [...]

Indovina bank gets approval to raise charter capital to $165 Mln Posted: 12 Sep 2010 08:43 PM PDT Indovina Bank (IVB) on September 9 got approval from the State Bank of Vietnam (SBV) to raise its charter capital to $165 million from current $125 million, said the country's central bank on its website Indovina Bank (IVB) on September 9 got approval from the State Bank of Vietnam (SBV) to raise its charter capital to [...]

Price registration is here Posted: 12 Sep 2010 08:30 PM PDT The government's draft decree on pricing administrative sanctions last week appeared on the Ministry of Finance's website seeking comments. The draft, if approved, will replace Decree 169/2004/ND-CP prescribing the sanctioning of administrative violations in the pricing domain and certain provisions of Decree 107/2008/ND-CP on administrative sanctioning of goods speculation and hoarding, excessive price hiking, rumour spreading, [...]

LTE a bridge too far for Vietnam Posted: 12 Sep 2010 08:29 PM PDT The Ministry of Information and Communications (MIC) has just granted licences for trialing Long Term Evolution (LTE) TTD technology to operators VNPT Group, Viettel, FPT Telecom, CMC and VTC, at a spectrum of 2.5-2.69GHz. However, Pham Hong Hai, director of MIC's Telecom Department, said the ministry may not issue frequency schemes on the technology nor grant [...]

China power purchases to address electricity woes Posted: 12 Sep 2010 08:29 PM PDT Vietnam is promoting overseas power purchasing to offset domestic supply shortages. The government recently instructed state-run Electricity of Vietnam (EVN) to negotiate a long-term power purchasing agreement with China for 2010-2015 to help ensure supplies for northern Vietnam. China is currently a big overseas power supplier and the majority of power is supplied via 110kV and 220kV [...]

Dak Lak seeking the right blend Posted: 12 Sep 2010 08:28 PM PDT "The Indian-backed Ngon Coffee Company Limited's $18 million project is expected to help the province lure more foreign coffee investors who have good processing technologies and stably ensure coffee farmers' output," said Huynh Thi Chien Hoa, vice director of Dak Lak Provincial Department of Planning and Investment. As an affiliate of CCL Products Group, one of [...]

Polluters firmly in the firing line Posted: 12 Sep 2010 08:26 PM PDT Vu Dinh Hien, head of the province's Department of Natural Resources and Environment's environmental management division, said to December 31, 2010, enterprises damaging the environment would be shut down or heavily fined if they refused to meet local authorities' environmental protection requirements. The listing of these enterprises as polluters is based on the Ministry of Natural [...]

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