Vietnam Business News

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• Intel to inaugurate $1b factory in Vietnam
• Contract to purchase electricity from A Luoi hydropower plant
• Waste treatment system to generate power
• City Garden project officially introduced to public
• Vietnam targets GDP of 7.5pct in 2011-2015 period
• Investors trying to find profitable investment channel
• $350m invested in Diamond Island project in HCM City
• Both bourses remain gloomy
• Taiwanese investor plans to put into operation laptop factory in Q1 of 2011
• Floating rate bonds: new investment channel for investors

Intel to inaugurate $1b factory in Vietnam Posted: 18 Oct 2010 12:39 AM PDT The US Intel Group will put into operation a chip assembly and test facility worth $1 billion in Vietnam by the end this month, Wall Street Journal citing the group’s managing official said. In addition, Intel will also open a semiconductor manufactory valued at $2.5 billion in Dalian, China. The purpose of the investment in factories in [...]

Contract to purchase electricity from A Luoi hydropower plant Posted: 18 Oct 2010 12:37 AM PDT The Electricity Purchasing Co, under Electricity of Vietnam (EVN) Group has lately signed the sales contract for electricity produced by A Luoi Hydropower Plant with Central Region Hydropower Joint Stock Co in Thua Thien-Hue province. A Luoi hydropower plant has designed capacity of 170 MW, with total investment capital of 3.223 trillion dong. The Central Region [...]

Waste treatment system to generate power Posted: 18 Oct 2010 12:36 AM PDT Seiji Murata, chair of Japan’s New Energy and Industrial Technology Development Organisation (NEDO) and Nguyen Van Khoi, deputy chair of the Hanoi People’s Committee inked an agreement to build a waste treatment system to generate power in Nam Son district in Hanoi on October 14. The long term aimed work will help improve environment, reduce dangers [...]

City Garden project officially introduced to public Posted: 18 Oct 2010 12:35 AM PDT The high-class apartment complex project of City Garden was officially opened to public last weekend in HCM City. City Garden complex was built in an area of 22,889 square metres, of which the construction area only counted for 23 percent of total and over 17,000 square metres for green parks. The project included six apartment towers [...]

Vietnam targets GDP of 7.5pct in 2011-2015 period Posted: 18 Oct 2010 12:34 AM PDT The 13th Plenum of the Communist Party of Vietnam Central Committee has set the target of average GDP growth of seven to 7.5 percent for 2011-2015 period. The 2011’s target is to strengthen macroeconomic stability and control inflation. Based on analysing and evaluating domestic and global situation, the Central Committee has discussed and defined goals and objectives [...]

Investors trying to find profitable investment channel Posted: 18 Oct 2010 12:34 AM PDT Individual investors always question on which investment channels they should select when the market situation becomes unpredictable and complicated. To answer that question, investors should consider previous market performances, measure factors that could affect the market in the future and predict consumer price index (CPI). In the current situation, due to the impacts of the food price [...]

$350m invested in Diamond Island project in HCM City Posted: 18 Oct 2010 12:33 AM PDT Binh Thien An Real Property Joint Stock Co has recently introduced to public the Diamond Island project sited in Dist 2, HCM City and announced the initial offered price of $3,500-5,000 per square metre for apartments in this project. Trinh Thanh Huy, the real estate trader’s chair of management board revealed that the project, with total [...]

Both bourses remain gloomy Posted: 18 Oct 2010 12:29 AM PDT The first trading session this week October 18 remained gloomy on both bourses Hochiminh Stock Exchange (STC) and Hanoi Stock Exchange (HNX). After the first trading session, the VN Index gained only 0.05 points or 0.01 percent to 458.44 pts with the total trading volume of 661,290 shares for 16.27 billion dong. In the following stage, the [...]

Taiwanese investor plans to put into operation laptop factory in Q1 of 2011 Posted: 18 Oct 2010 12:29 AM PDT Bui Van Quy, vice head of management board in Vinh Phuc province’s industrial zones, revealed that at present, the Taiwan-based Compal Group was pushing up construction works on its workshops, so as to start installing the equipment in mid November and putting the factory into operation in Q1 of 2011. The project had been granted investment [...]

Floating rate bonds: new investment channel for investors Posted: 18 Oct 2010 12:26 AM PDT Floating rate bonds are different than fixed rate notes because they pay out variable coupon interest payments at each period (monthly, quarterly, semi-annually or annually). The amount of these variable payments is determined by issuers or the current market interest rates such as the LIBOR (London Interbank Offered Rate) or Federal Funds Rate (FFR) + [...]

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