Vietnam Business News

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• VDB offers credit for Vinasat 2 project
• EVN: shortage of over 6.8b kWh due to lack of water
• Overview of the real estate market in October
• Production value of Ministry of Construction’s subsidiaries reaches 11.925tr dong in Oct
• Hanoi’ industrial production value rises 5.3pct
• HCM City’s industrial production value rises 3pct in Oct
• Pledged FDI in HCM City at US$1.69b till mid Oct
• PVFC Land expects to list shares on HNX in mid-Nov
• VN Index slashes slightly thanks to Blue-chips
• Long Thanh International Airport to cost over US$6b

VDB offers credit for Vinasat 2 project Posted: 08 Nov 2010 12:36 AM PST The Vietnam Post and Telecommunication Group (VNPT) have recently inked the credit-lending contract with Transaction Office No 1, Vietnam Development Bank for implementing the VINASAT 2 launching project. Accordingly, the telecommunication group will get loans of 1.092 trillion dong from the state budget for realising the project, equalling to 20% of the project’s total investment capital. Previously, [...]

EVN: shortage of over 6.8b kWh due to lack of water Posted: 08 Nov 2010 12:35 AM PST Electricity of Vietnam (EVN) recently said that in October, water pouring into large hydropower reservoirs was lower than the average level of previous years. In details, water in hydropower reservoirs such as Hoa Binh, Tri An, Ialy and Dai Ninh was lower by 7-22 metres than that of the same period last year. Thus, in first ten [...]

Overview of the real estate market in October Posted: 08 Nov 2010 12:35 AM PST The effectiveness of State policies for managing the real estate market such as Decree 71 and Circular 16 has created signs for the market to develop healthier. Hanoi market Series of important roads of the city, aiming to promote socio-economic development to the west, have been completed and put into operation in October, such as extended Le [...]

Production value of Ministry of Construction’s subsidiaries reaches 11.925tr dong in Oct Posted: 08 Nov 2010 12:34 AM PST Business and production activities of Ministry of Construction (MoC)’s subsidiaries in October and first ten months this year generally gained high increase over the same period last year. Total business and production value was estimated to attain 11.925 trillion dong in October, or 84.2 percent of this year’s target, bringing the total figure in Jan-October to [...]

Hanoi’ industrial production value rises 5.3pct Posted: 08 Nov 2010 12:33 AM PST Under the People Committee of Hanoi's socio-economic development report submitted to the prime minister, in October, the capital city's industrial production value was up 5.3%. Also in October, the city's basic construction investment was estimated to reach 17.816 trillion dong, or 88% over the same period last year. Hanoi's total retail sales and services were estimated at [...]

HCM City’s industrial production value rises 3pct in Oct Posted: 08 Nov 2010 12:33 AM PST During the first ten months this year, HCM City's actualised industrial production value reached 487.368 trillion dong, up 14% from the same period last year (in the same period last year, it increased 7.2%), according to HCM City Statistics Bureau. In October alone, the figure was 56.126 trillion dong, rising 3% against previous month and 14.9% [...]

Pledged FDI in HCM City at US$1.69b till mid Oct Posted: 08 Nov 2010 12:32 AM PST From the beginning of this till the middle of October, foreign investors have pledged to invest US$1.689 billion and chartered capital of US$669.8 million in 293 foreign direct investment (FDI) projects including 48 joint venture projects worth US$996 million, and 245 100%-foreign invested projects valued at US$693 million, averaging US$5.8 million per project. In terms of [...]

PVFC Land expects to list shares on HNX in mid-Nov Posted: 08 Nov 2010 12:31 AM PST PetroVietnam Financial Real Estate Joint Stock Co announced that Hanoi Stock Exchange (HNX) has lately approved for the company to list 50 million shares on the northern floor. The debut session was expected on November 17, 2010. PVFC Land was the member company under PetroVietnam Construction Joint Stock Corp (coded PVX), with main business lines of [...]

VN Index slashes slightly thanks to Blue-chips Posted: 08 Nov 2010 12:31 AM PST The first trading session this week (Monday, November was quite gloomy after two brisk sessions last weekend. The VN Index slashed slightly thanks to the support of Blue-chips while the HNX Index dropped strongly. In the opening stage, the VN Index increased 0.23 points or 0.05 percent to 457.5 pts. Some key stocks gained the ceiling [...]

Long Thanh International Airport to cost over US$6b Posted: 08 Nov 2010 12:30 AM PST Last weekend, ministry of transport recently approved the general plan for building Long Thanh International Airport (LTIA) that had been set up by Japan Airport Consulting Co (JAC)). The southern region aviation Co was the main investor of the project. The new airport was sited in Long Thanh Dist, Dong Nai province, about 43 kilometres from [...]

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