The Business Times: Work to begin on $2.5b thermal plant

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• Work to begin on $2.5b thermal plant
• FDI: Vietnam tries to catch “big fish”
• Bank shareholders defy regulations on ceiling ownership ratios
• How to boost SOEs equitization discussed
• SMEs post impressive growth
• Korean vegetable cultivation project successful
• McDonald’s hamburger shows dong undervalued
• Vietnam to ease restrictions on overseas Vietnamese buying property
• Economists push Vietnam to use bankruptcy as restructuring tool for weak banks
• ACB swindler Kien faces life in prison

Work to begin on $2.5b thermal plant Posted: 18 Feb 2014 12:28 AM PST Japan’s Mitsubishi Corporation is making the final preparations before the ground breaking for the Vung Ang 2 thermo-power plant in the central province of Ha Tinh in June 2014. This was stated by the deputy head of the Vung Ang Economic Zone management board, Ngo Dinh Van, who told Viet Nam News yesterday that the […] The post Work to begin on $2.5b thermal plant appeared first on Vietnam Business News.

FDI: Vietnam tries to catch “big fish” Posted: 18 Feb 2014 12:15 AM PST Samsung is the big foreign investor Vietnam wants to attract and the one which has expressed its willingness to make investments in many different business fields in Vietnam. Samsung has been the name mentioned in all discussions about the foreign direct investment (FDI) in Vietnam since the day it set up the world's biggest mobile […] The post FDI: Vietnam tries to catch "big fish" appeared first on Vietnam Business News.

Bank shareholders defy regulations on ceiling ownership ratios Posted: 18 Feb 2014 12:14 AM PST The Law on Credit Institutions has been taking effects for three years already, but a lot of the provisions of the laws have not been implemented, including the one on the individuals' ceiling ownership proportions. Dr. Vu Dinh Anh, a well-known economist, pointed out that a lot of banks' individual shareholders now hold more than […] The post Bank shareholders defy regulations on ceiling ownership ratios appeared first on Vietnam Business News.

How to boost SOEs equitization discussed Posted: 18 Feb 2014 12:11 AM PST To equitize state owned enterprises (SOEs) successfully, it is important to seek strategic investors and sell equities to them prior to the initial public offering (IPO), said Minister of Transport Dinh La Thang. Minister Thang emphasised this point at a meeting chaired by Prime Minister Nguyen Tan Dung, in Hanoi on February 18 discussing the […] The post How to boost SOEs equitization discussed appeared first on Vietnam Business News.

SMEs post impressive growth Posted: 17 Feb 2014 11:59 PM PST Vietnam Report Joint Stock Company (Vietnam Report) on February 18 announced the FAST 500 rankings in 2013 – a list of the 500 businesses achieving the fastest growth rates in the country. The rankings showed that the average growth rate of 500 businesses in the 2009-2012 period stood at 44.7%, lower than that recorded in […] The post SMEs post impressive growth appeared first on Vietnam Business News.

Korean vegetable cultivation project successful Posted: 17 Feb 2014 11:58 PM PST A model of safe vegetable cultivation using Korean technology has become a success in the northern provinces of Hoa Binh and Hai Duong. Beginning life in August 2013, the project received a total investment of over US$2.8 million, more than US$2.6 million of which is sourced from the Government of the Republic of Korea (RoK). […] The post Korean vegetable cultivation project successful appeared first on Vietnam Business News.

McDonald’s hamburger shows dong undervalued Posted: 17 Feb 2014 11:16 PM PST The Vietnam dong is believed to be undervalued by 39 percent if compared with the US dollar. Vietnamese await McDonald's official presence in Vietnam not only because they want to taste its hamburger, but also because they want to know if the Vietnam dong is undervalued or overvalued in the eyes of The Economist. The […] The post McDonald's hamburger shows dong undervalued appeared first on Vietnam Business News.

Vietnam to ease restrictions on overseas Vietnamese buying property Posted: 17 Feb 2014 09:20 PM PST The Ministry of Construction is set to present a Housing Bill this month which would ease most restrictions on overseas Vietnamese buying and owning property, an official said. The draft will be presented to the National Assembly for approval this year and allow Viet kieu to buy luxury apartments and houses without any restrictions as […] The post Vietnam to ease restrictions on overseas Vietnamese buying property appeared first on Vietnam Business News.

Economists push Vietnam to use bankruptcy as restructuring tool for weak banks Posted: 17 Feb 2014 08:55 PM PST Vietnam should force weak commercial banks to declare bankruptcy and allow the full foreign ownership of banks in certain cases to more effectively restructure the financial system, economists say. The Vietnam Association of Finance Investors has recently suggested that the country should keep only its 15 strongest banks in operation and eliminate cross-ownership in lending […] The post Economists push Vietnam to use bankruptcy as restructuring tool for weak banks appeared first on Vietnam Business News.

ACB swindler Kien faces life in prison Posted: 17 Feb 2014 08:52 PM PST The Supreme People's Procuracy has laid charges against nine executives from Asia Commercial Bank for their alleged involvement in an enormous financial scandal.  The bank's (ACB) co-founder and former deputy chairman Nguyen Duc Kien was charged with committing illegal business activities, intentionally violating state regulations on economic management with serious consequences, fraud, and tax evasion […] The post ACB swindler Kien faces life in prison appeared first on Vietnam Business News.

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