Vietnam Business News

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• HNX to hold tender for 2tr dong of G-bond on April 21
• Markets could see derivatives by 2014
• 60pct of international visitors head to Saigon
• Philex unit finds oil, gas flows in Vietnam
• Binh Phuoc to build waste power plant
• Vietnam’s export to Japan rises slightly
• Vietnam to launch earth observation satellite
• Triple Plate Junction becomes a force to be reckoned with once more in PNG and Vietnam
• Vinacomin prioritizes to boost coal, mineral sale
• Interbank forex rate touches peak again

HNX to hold tender for 2tr dong of G-bond on April 21 Posted: 15 Apr 2011 09:02 AM PDT Hanoi Stock Exchange (HNX) has recently announced to organise an auction for two trillion dong of G-bonds issued by the State Treasury on April 21 via the northern bourse. In details, at 2:00 pm April 21, the northern bourse will offer two trillion dong of G-bonds including one trillion dong for 3-year term bonds (to [...]

Markets could see derivatives by 2014 Posted: 15 Apr 2011 09:02 AM PDT In the decade since the first opening of Vietnam’s equity markets has seen a marked increase in the number of listed firms and also speed of IPOs and overall market capitalisation as well number of punters. Nonetheless, choice of investment products is still limited to mainly shares and bonds employing simple and primitive transaction methods. [...]

60pct of international visitors head to Saigon Posted: 15 Apr 2011 09:02 AM PDT In the first quarter this year, 900,000 international tourists arrived in HCM City, rising 6 percent against the same period last year and accounting for 60 percent of the total number of international visitors to Vietnam, HCM City Department of Culture, Sports and Tourism said. The total number of local tourists also increased significantly by [...]

Philex unit finds oil, gas flows in Vietnam Posted: 15 Apr 2011 09:02 AM PDT Philex Mining Corporation announced that its international oil exploration affiliate Pitkin Petroleum Plc has found encouraging oil and gas flow rates in Block 07/03, offshore Vietnam. In a disclosure to the Philippine Stock Exchange, Philex said the block's operator Premier Oil Vietnam South B.V. said the positive "hydrocarbon flow rates from the Oligocene section in [...]

Binh Phuoc to build waste power plant Posted: 15 Apr 2011 06:18 AM PDT People’s Committee of the southern province of Binh Phuoc has signed off on a proposal by Suc Song Xanh Ltd Co to build a waste-to-power treatment plant using the world’s most advanced plasma gasification technology in the province. The company said the plant with an estimated capacity of 500 tonnes per day and total investment [...]

Vietnam’s export to Japan rises slightly Posted: 15 Apr 2011 06:16 AM PDT During the last 15 days of March, after the history natural disaster in Japan, the trade between Japan and Vietnam continued going. However, among 11 major import items of Japan to Vietnam, only 2 including steel and kinds of ships and vessels saw a rise in import spending whereas other items such as cloth, electrical [...]

Vietnam to launch earth observation satellite Posted: 15 Apr 2011 05:35 AM PDT Vietnam will launch its first remote sensing satellite in 2014, according to the Space Technology Institute of the Vietnam Academy of Science and Technology. Head of the Space Technology Institute Associate Professor Doan Minh Chung said that the satellite, called VNREDSat-1, will be designed and assembled using French technology in 2013. The 130kg satellite will [...]

Triple Plate Junction becomes a force to be reckoned with once more in PNG and Vietnam Posted: 15 Apr 2011 05:34 AM PDT When we wrote about Triple Plate Junction earlier this year it was clear that the Aim-traded company was embarking on a new life under new management. What’s more, the presence of Newmont on its share register was a reminder that the potential of its assets in Papua New Guinea had not gone unnoticed. But Fraser [...]

Vinacomin prioritizes to boost coal, mineral sale Posted: 15 Apr 2011 05:32 AM PDT The Vietnam Coal and Mineral Industries Group (Vinacomin) will give priorities to boosting the sale of coal and minerals in April and in the second quarter of this year, as the prices are at a high level. Vinacomin plans to sell 13.3 million tonnes of coal in Q2, out of an output of 13.5 million [...]

Interbank forex rate touches peak again Posted: 15 Apr 2011 05:30 AM PDT The State Bank of Vietnam (SBV) today April 15 raised the interbank average forex rate to 20,723 dong/US dollar, increasing 5 dong/US dollar from 20,718 dong/US dollar on April 14. Accordingly, the ceiling forex rate for commercial banks will be 20,930 dong/US dollar. Since early this week so far, the interbank forex rate has seen [...]

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