Vietnam Business News

---

• Vietnam gold jumps up to 45.5m dong/tael on Oct. 28
• Vietnam oil and gas exhibition opens
• Vietnam 2nd refinery construction delayed until Q1’12 -Technip
• EVN should concentrate on enterprise restructuring work
• Vietsovpetro expects to surpass 2011 year plan before due date
• Three VFM funds post nearly 260b dong net disbursement in Q3
• At least 40 companies reach their business targets in Q3
• Listed firm spend 10b dong on loan costs in Q3
• Prices still listed in dollar despite steep fines
• Vietnamese government succeeds in raising 1tr dong worth of G-bond via tender

Vietnam gold jumps up to 45.5m dong/tael on Oct. 28 Posted: 28 Oct 2011 09:00 PM PDT Local gold prices today Oct. 28 jumped again to 45.5 million dong/tael (1.2 ounces) after the world gold regained to touch US$1,750/oz. Compared to this time yesterday morning, world gold prices were up by US$25 per oz. Analysts have said gold prices continued to climb in the session last night due to the depreciation of [...]

Vietnam oil and gas exhibition opens Posted: 28 Oct 2011 09:51 AM PDT The 9 th Vietnam Oil and Gas Expo 2011 officially kicked off in Hanoi on October 27. The event, held every two years by the Vietnam National Oil and Gas Group (PertroVietnam), this year has drawn the participation of five national pavilions of France, Russia, Singapore, Norway and Vietnam and 194 businesses from 21 countries [...]

Vietnam 2nd refinery construction delayed until Q1’12 -Technip Posted: 28 Oct 2011 09:51 AM PDT Construction of the $7.5 billion Nghi Son oil refinery, Vietnam’s second such facility, is likely to be delayed until the first quarter of 2012 instead of the last quarter this year, a senior executive from one of the contractors said on Thursday. The 200,800 barrel-per-day (bpd) plant will process sour Kuwaiti crude oil, said Dominique [...]

EVN should concentrate on enterprise restructuring work Posted: 28 Oct 2011 09:50 AM PDT Victoria Kwakwa, World Bank Country director stated that the energy demand, especially power in Vietnam has continued increasing, that may cause large pressure on the country’s power industry, especially in power generation, distribution and transmission. This was one of important issues that Vu Huy Hoang, minister of industry and trade discussed with Victoria Kwakwa in [...]

Vietsovpetro expects to surpass 2011 year plan before due date Posted: 28 Oct 2011 09:50 AM PDT Vietsovpetro (VSP), a Vietnamese-Russian Joint Venture participated in the ninth Vietnam International Oil and Gas Exhibition 2011 held in Hanoi from October 27-29. Since the establishment up to now, the joint venture has pumped 195 million tonnes of crude oil, bringing in total revenue of about $55 billion. This is one of the company members [...]

Three VFM funds post nearly 260b dong net disbursement in Q3 Posted: 28 Oct 2011 09:48 AM PDT As of September 30, 2011, the total cash of VF1, VF4 and VFA was about 200 billion dong, down 56% from June 30, 2011 due to these funds boosted disbursements on listed shares. Vietnam Fund Management Joint Stock Co (VFM) has recently reported the operation of its funds in Q3, including five funds namely VF1, [...]

At least 40 companies reach their business targets in Q3 Posted: 28 Oct 2011 09:47 AM PDT While many enterprises are still facing many hardships and have to reduce business plan, many other firms have achieved their business targets ahead of time with impressive figures. Basing on figures announced by enterprises, there have been nearly 40 companies have reached their business plans. Prominently, amongst listed companies that fulfilled the year’s business target [...]

Listed firm spend 10b dong on loan costs in Q3 Posted: 28 Oct 2011 09:47 AM PDT Till October 26, as many as 369 of 655 enterprises (except banks, insurers and securities companies) have announced their fiscal reports for Q3 with loans outlay of up to 2.928 trillion dong and the cumulative figures in Jan-Sept. were up to nearly 8.36 trillion dong, the local online newspaper Vietstock reported on October 27. However, [...]

Prices still listed in dollar despite steep fines Posted: 28 Oct 2011 09:47 AM PDT Goods and services are still paid and their prices still quoted in dollars in HCM City, though the penalties for such violations were last week increased seven times. In Vietnam, all transactions, payments, advertisements and price listings are banned from being conducted or quoted in foreign currencies, except those carried out by banks, airports and [...]

Vietnamese government succeeds in raising 1tr dong worth of G-bond via tender Posted: 28 Oct 2011 09:46 AM PDT After two failures in government bond tender, the registered volume in the G-bond auction on October 27 for both two terms of 3-and 5-years was higher than the offered volume. Hanoi Stock Exchange (HNX) has recently reported the auction results for one trillion dong worth of government bonds issued by the State Treasury held on [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610