Vietnam Business News

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• BP sells Venezuela and Vietnam assets for $1.8 billion
• Vietnam group eyes London secondary listing
• Vietnam, EU to hold first round of timber talks
• Vietnam gets new energy from Landfill
• Dat Xanh kicks off Suoi Son urban area
• Hanoi: credit growth tops 24% in Jan-Nov
• Local banks raise Dong deposit interest rates to 13.75%
• Hanoi trade deficit likely to reach $11.953Bln in Jan-Nov
• More than $100 mil invested in Cai Lan port
• Two largest ships built by Vietnam’s maritime industry

BP sells Venezuela and Vietnam assets for $1.8 billion Posted: 21 Nov 2010 08:07 PM PST BP has agreed to sell its oil and gas production businesses in Venezuela and Vietnam to its Russian affiliate, TNK-BP, for US$1.8 billion (Dh6.6bn) as it continues to raise funds after the Macondo oil spill in the Gulf of Mexico. BP has agreed to sell its oil and gas production businesses in Venezuela and Vietnam to [...]

Vietnam group eyes London secondary listing Posted: 21 Nov 2010 08:06 PM PST Hoang Anh Gia Lai, one of Vietnam's largest private sector conglomerates, is planning to raise up to $70m through a secondary listing in London, which would make it the first big Vietnamese company to sell shares overseas. Hoang Anh Gia Lai, one of Vietnam's largest private sector conglomerates, is planning to raise up to $70m through [...]

Vietnam, EU to hold first round of timber talks Posted: 21 Nov 2010 08:05 PM PST The first round of talks between the European Union and Vietnam for a bilateral FLEGT Voluntary Partnership Agreement will be held from November 29-30 in Hanoi, said a Ministry of Agriculture and Rural Development official. The first round of talks between the European Union and Vietnam for a bilateral FLEGT Voluntary Partnership Agreement will be held [...]

Vietnam gets new energy from Landfill Posted: 21 Nov 2010 08:04 PM PST A biomass project in Vietnam could remove more than 4 million tons of greenhouse gas emissions during the next 20 years, an energy company said. A biomass project in Vietnam could remove more than 4 million tons of greenhouse gas emissions during the next 20 years, an energy company said. German energy company E.ON and Bionersis, a [...]

Dat Xanh kicks off Suoi Son urban area Posted: 21 Nov 2010 08:03 PM PST Long Dien Real Estate JSC, a member of Dat Xanh Real Estate Construction JSC. (DXG), on November 21 kicked off construction on the Suoi Son trading services urban area in Trang Bom district, Dong Nai province. Long Dien Real Estate JSC, a member of Dat Xanh Real Estate Construction JSC. (DXG), on November 21 kicked off [...]

Hanoi: credit growth tops 24% in Jan-Nov Posted: 21 Nov 2010 08:02 PM PST Total outstanding loans of Hanoi-based banks in November were estimated at VND467.533trillion, up 1.67% on month and 24.04% from the end of 2009, according to Hanoi General Statistics Office (GSO). Total outstanding loans of Hanoi-based banks in November were estimated at VND467.533trillion, up 1.67% on month and 24.04% from the end of 2009, according [...]

Local banks raise Dong deposit interest rates to 13.75% Posted: 21 Nov 2010 08:01 PM PST Local lenders raised the dong deposit interest rates to the highest of 13.75% p.a., higher than the consensus rate of 12% p.a. by Vietnam Bank Association's Members, the local newswire CafeF reported November 22. Local lenders raised the dong deposit interest rates to the highest of 13.75% p.a., higher than the consensus rate of 12% p.a. [...]

Hanoi trade deficit likely to reach $11.953Bln in Jan-Nov Posted: 21 Nov 2010 08:00 PM PST Hanoi trade deficit is likely to reach $11.953 billion in the 11-month period of this year, the Hanoi Statistical Office said. The capital city is estimated to have reaped $7.186 billion from exports year-to-date, up 25.1% on-year, and imported $19.139 billion, up 13.3%. In November alone, the trade gap of Hanoi city is forecast to rise to [...]

More than $100 mil invested in Cai Lan port Posted: 21 Nov 2010 07:58 PM PST The Cai Lan International Container Terminal (CICT) company has signed a contract package to build more wharves at the port in Ha Long City, Quang Ninh province. The port will be able to receive fully loaded ships weighing up to 40,000 tonnes by the end of 2011, and will have a capacity of one million TEUs [...]

Two largest ships built by Vietnam’s maritime industry Posted: 21 Nov 2010 07:58 PM PST The Ha Long Shipbuilding Company, a subsidiary of the Vinashin Business Group, held a 'keel laying' ceremony for two new cargo ships weighing 47,500 tonnes each – the largest ever to be built in Vietnam. The two ships are part of a government project to build four ships of this kind to enlarge the Vietnamese fleet. The [...]

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