Vietnam Business News

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• GIBC partners with Grant Thornton
• E-bidding makes public procurement transparent
• Warning of anti-dumping cases available on web
• Ministry seeks preferential funding for expressway
• Korean firm wins bidding for expressway project
• Construction on Dong Trieu-Luc Nam highway starts
• Hai Duong province attracts $2b of investment capital
• Two firms to allocate bonus shares
• Vinachem cooperates with Unilever
• Steel price declines

GIBC partners with Grant Thornton Posted: 22 Sep 2010 10:26 PM PDT Global Integration Business Consultants (GIBC) and Grant Thornton Vietnam (GT) announced their strategic alliance cooperation agreement in Ho Chi Minh City on September 22. The event creates a significant milestone in the business consultation sector in Vietnam, said businesspeople. GIBC President Pham Phu Ngoc Trai expressed hope that the alliance would create a combination of the companies' [...]

E-bidding makes public procurement transparent Posted: 22 Sep 2010 10:26 PM PDT E-bidding has made public procurement a transparent and open process. It has also reduced wastefulness in public spending, saved time and bidding fees, and enabled bidders and contractors to be more proactive. These were initial assessments by the Ministry of Planning and Investment, municipal departments, sectors and businesses which have taken part in a pilot e-bidding [...]

Warning of anti-dumping cases available on web Posted: 22 Sep 2010 10:24 PM PDT A website providing early warning of anti-dumping cases against Vietnam's exports was launched on September 22. The system – available at www.canhbaosom.vn – was built following the cooperation agreement between the Vietnam Competition Authority under the Ministry of Industry and Trade and the Global Competition Fund of Denmark. As planned, in the first phase, the site will [...]

Ministry seeks preferential funding for expressway Posted: 22 Sep 2010 09:38 PM PDT The Ministry of Transport has asked the World Bank (WB) to consider increasing interest-free credit for the Da Nang-Quang Ngai expressway project to reduce risk of debt distress. The $1.5 billion road expressway has been discussed between deputy minister of Transport Ngo Thinh Duc and the WB’s task force. This is one of the major road [...]

Korean firm wins bidding for expressway project Posted: 22 Sep 2010 09:38 PM PDT Vietnam Expressway Investment and Development Corp (VEC) has handed over the bidding package No 6 of constructing 17.1 kilometres of traffic road running through Dong Nai province, under the HCM City-Long Thanh-Dau Giay express way project to South Korea-based Hashin Construction Co. The bidding package has total value of 1.139 trillion dong, using ODA loans [...]

Construction on Dong Trieu-Luc Nam highway starts Posted: 22 Sep 2010 09:37 PM PDT Quang Ninh province people’s committee officially held the ground breaking ceremony for Dong Trieu-Luc Nam highway yesterday in Quang Ninh province. The road has total length of 15.45 kilometres with starting point of connection point with National Highway No 18 at Km 48+500, and the ending point of crossroad with Bac Giang province. The road is [...]

Hai Duong province attracts $2b of investment capital Posted: 22 Sep 2010 09:36 PM PDT The management board of Hai Duong Province’s Industrial Parks lately revealed that in the first eight months of this year, the local industrial parks have successfully attracted total foreign direct investment (FDI) capital of $75.07 million. In detail, the local functional authorities have already granted investment licence for six new FDI projects with total registered capital [...]

Two firms to allocate bonus shares Posted: 22 Sep 2010 09:34 PM PDT Hanoi Stock Exchange (HNX) has announced that Sep 22 would be the ex-dividend session, and Sep 24 of registration deadline for shareholders of Thai Binh Cement Joint Stock Co (coded TBX). Accordingly, the company plans to allocate bonus shares to the existing shareholders at ratio of 5:1 or each shareholder who owns five shares will [...]

Vinachem cooperates with Unilever Posted: 22 Sep 2010 09:28 PM PDT Vietnam Chemical Group (Vinachem) yesterday signed a memorandum of understandings (MoU) with Unilever Co for strengthening cooperation relationship in supplying raw materials between the two parties. By signing the MoU this time, Vinachem targets to become the strategic supplier and a part of global supplying chain of Unilever, apart from the current long-lasting cooperation partnership between [...]

Steel price declines Posted: 22 Sep 2010 09:27 PM PDT The southern branch of Vietnam Steel Corp (VNSteel) suddenly reduced the steel price by 150,000 dong per tonnes for scrolled steel and steel bars for all the orders, starting from Sep 20, 2010. It’s the first time that the corporation has lowered the steel price since early July 2010. At present, the steel price for those [...]

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