The Business Times: EVN disburses VND15Tln for power projects in Q1/2014

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• EVN disburses VND15Tln for power projects in Q1/2014
• VietinBank in the top 100 fastest growing companies in Vietnam
• Vietnam, Kazakhstan seek future cooperation
• Vietnam, Japan seek to prevent misuse of ODA funding
• Vietnam enjoys high trade surplus with Malaysia
• Vietnam takes part in Philippines rice tender
• HCM City trade volume falls in Q1
• VN-Index world’s second best performing index
• Mixed reactions to construction firms’ IPOs
• Labor market cramped due to Chinese workers

EVN disburses VND15Tln for power projects in Q1/2014 Posted: 04 Apr 2014 08:06 PM PDT Vietnam Electricity Group (EVN) was estimated to have disbursed total of 15,384 billion ($728.6 million) for its power projects in the first quarter of this year, vnexpress.net reported. In details, EVN spent about VND18,558 billion ($879 million) to invest into its power projects in the first 3 months of 2014, including VND7,500 billion of March; […] The post EVN disburses VND15Tln for power projects in Q1/2014 appeared first on Vietnam Business News.

VietinBank in the top 100 fastest growing companies in Vietnam Posted: 04 Apr 2014 08:05 PM PDT In FAST500 Ranking 2013, Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) ranked 56th, up nearly 150 spots from 2012 and is one of the businesses with the biggest increase in ranking. On April 04, 2014, in Hanoi, Vietnam Report collaborated with Vietnamnet to organize the announcement of 500 fastest growing companies in […] The post VietinBank in the top 100 fastest growing companies in Vietnam appeared first on Vietnam Business News.

Vietnam, Kazakhstan seek future cooperation Posted: 04 Apr 2014 07:55 PM PDT Small and medium enterprises (SMEs) from Vietnam and Kazakhstan held a dialogue in Almaty City on April 3 with the aim of enhancing cooperation in the time to come. The meeting was held after the freshly concluded fifth round of Free Trade Agreement (FTA) negotiations between Vietnam and the Customs Union (Russia, Belarus and Kazakhstan). […] The post Vietnam, Kazakhstan seek future cooperation appeared first on Vietnam Business News.

Vietnam, Japan seek to prevent misuse of ODA funding Posted: 04 Apr 2014 07:54 PM PDT Vietnam and Japan jointly held a meeting in Hanoi on April 3 to examine measures to prevent the misappropriation of ODA funding. The meeting comes on the heels of the high-profile Japan Transportation Consultants, Inc. (JTC) scandal in which JTC was alleged to pay several Vietnamese transport officials JPY80 million in kickbacks in return for […] The post Vietnam, Japan seek to prevent misuse of ODA funding appeared first on Vietnam Business News.

Vietnam enjoys high trade surplus with Malaysia Posted: 04 Apr 2014 07:53 PM PDT Two-way trade turnover between Vietnam and Malaysia peaked at US$1.24 billion in the first two months of the year, resulting in a trade surplus of US$90 million, the Vietnam trade office has announced. Of the figure, Vietnam's exports to Malaysia hitUS$665 million while its imports from the market were US$575 million. During the reviewed period, […] The post Vietnam enjoys high trade surplus with Malaysia appeared first on Vietnam Business News.

Vietnam takes part in Philippines rice tender Posted: 04 Apr 2014 07:52 PM PDT Five potential bidders, including Vietnam, have signed up to bid on an 800,000 tonnerice contract withthe Philippines, according to the Philippines website Inquirer.net. The Philippines government has set aside a budget of nearly US$383 million to import rice to strengthen rice reserves of the National Food Authority (NFA). LG International Corp, Vietnam Southern Food Corp […] The post Vietnam takes part in Philippines rice tender appeared first on Vietnam Business News.

HCM City trade volume falls in Q1 Posted: 04 Apr 2014 07:51 PM PDT The trade turnover of HCM City fell sharply from last year's same period to US$11.73 billion in the first quarter of 2014, according to Vo Si, Deputy Director of the municipal Department for Planning and Investment. Si reported that HCM City's gross exports for the quarter were US$6.33 billion (down 7%) in the first three […] The post HCM City trade volume falls in Q1 appeared first on Vietnam Business News.

VN-Index world’s second best performing index Posted: 04 Apr 2014 07:08 PM PDT Viet Nam’s VN-Index ranks second, after Dubai’s index DFM, in the list of top 20 global equity indexes in the first quarter of 2014. This has been reported by Zero Hedgean economic and finance website. The website has taken Bloomberg data to make its own charts of best and worst performing indexes. Accordingly, the VN-Index […] The post VN-Index world’s second best performing index appeared first on Vietnam Business News.

Mixed reactions to construction firms’ IPOs Posted: 04 Apr 2014 07:05 PM PDT Several civil engineering construction companies have launched their initial public offerings (IPOs) in recent times, leaving mixed reactions among investors. According to the Hanoi Stock Exchange (HNX), the volume of Civil Engineering Construction Corporation No. 4 (Cienco 4) shares which investors registered to buy was 2.6 times higher than that put up for auction on […] The post Mixed reactions to construction firms' IPOs appeared first on Vietnam Business News.

Labor market cramped due to Chinese workers Posted: 04 Apr 2014 06:57 PM PDT The increase in Chinese foreign direct investment (FDI) in recent years has cleared the way for Chinese workers to flock to Vietnam, raising worries about the impact on socio-economic development. A report of the Binh Thuan provincial Department of Labor, War Invalids and Social Affairs released on March 31 affirms that 528 Chinese workers are […] The post Labor market cramped due to Chinese workers appeared first on Vietnam Business News.

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