The Business Times: MDB to merge with Maritime Bank

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• MDB to merge with Maritime Bank
• Apr 10: Vietnam gold rises to VND35.80Mln/tael
• GP Bank may sell 100pct stake to Singapore-based UOB Group
• Hai Duong attracts biggest FDI project nationwide
• Prices of key export products plunge, pulling down growth
• Quang Ngai pushes industrial progress
• Business operations scale down
• Economic Zone seeks investors
• Circular debt puts contractors in danger
• Dung Quat oil refinery not yet selling shares to Gazprom

MDB to merge with Maritime Bank Posted: 09 Apr 2014 09:49 PM PDT According to observers, the deal between Maritime Bank and MDB not too surprised by the Maritime Bank is a major shareholder of MDB and the two also have some common major shareholders, local newswire Tri Thuc Tre reported. According to Saigon Economic Times, the Mekong Development Bank (MDB) is about to merge with Vietnam Maritime […] The post MDB to merge with Maritime Bank appeared first on Vietnam Business News.

Apr 10: Vietnam gold rises to VND35.80Mln/tael Posted: 09 Apr 2014 09:48 PM PDT This morning, Vietnam gold rose by VND60,000/tael versus yesterday close to VND35.80 million/tael. World gold extended gains in Asia trade this morning after soaring 1% in New York trade last night. As of 09:34 am today, Hanoi time, SJC Hochiminh was traded at VND35.74 million/tael for bid and VND35.80 million/tael for ask, respectively. SJC in […] The post Apr 10: Vietnam gold rises to VND35.80Mln/tael appeared first on Vietnam Business News.

GP Bank may sell 100pct stake to Singapore-based UOB Group Posted: 09 Apr 2014 09:43 PM PDT As per the new Decree issued early this year, Global Petroleum Commercial Joint Stock Bank (GP Bank)'s sale of 100 percent stake to foreign partner is entirely possible when the prime minister allows. The local Newswire VnEconomy on April 1 cited the State Bank of Vietnam (SBV)'s governor Nguyen Van Binh as saying that the […] The post GP Bank may sell 100pct stake to Singapore-based UOB Group appeared first on Vietnam Business News.

Hai Duong attracts biggest FDI project nationwide Posted: 09 Apr 2014 09:27 PM PDT The northern province of Hai Duong has licensed a Dai An Vietnam-Canada International Hospital project with total registered capital of US$225 million – the biggest foreign direct investment (FDI) project in Vietnam in the first quarter of 2014. The Canadian-invested project aims to build a general hospital and provide healthcare services to local people. Hai […] The post Hai Duong attracts biggest FDI project nationwide appeared first on Vietnam Business News.

Prices of key export products plunge, pulling down growth Posted: 09 Apr 2014 09:20 PM PDT A sharp price decline in the country’s several key export products, including agriculture, seafood, and minerals, lays heavy on Viet Nam’s 10 per cent growth rate target set this year. Nguyen Tien Vy, the head of the Ministry of Industry and Trade’s Planning Department elaborated that the total import-export revenue in March was estimated at […] The post Prices of key export products plunge, pulling down growth appeared first on Vietnam Business News.

Quang Ngai pushes industrial progress Posted: 09 Apr 2014 09:19 PM PDT Quang Ngai, the central province in Viet Nam, will further develop its industrial sector in a bid to attract more investment in the coming period, stated a provincial official. During an online dialogue with the Cong thuong newspaper regarding the development of the industrial sector in Quang Ngai held in Ha Noi on Tuesday, Pham […] The post Quang Ngai pushes industrial progress appeared first on Vietnam Business News.

Business operations scale down Posted: 09 Apr 2014 09:18 PM PDT The scale of Vietnamese businesses tended to decrease, as the proportion of small and micro businesses has became greater than medium and large-sized enterprises. This was revealed at the forum on Business Development and Quality of Growth at the launching of the Viet Nam Business Annual Report 2013, held in Ha Noi on Tuesday. Pham […] The post Business operations scale down appeared first on Vietnam Business News.

Economic Zone seeks investors Posted: 09 Apr 2014 09:17 PM PDT The Nghi Son Economic Zone (EZ) in central Thanh Hoa Province has struggled to attract investment after receiving significant support during recent years, local authorities have said. During a meeting late last week, the provincial People’s Committee vice chairman Nguyen Dinh Xung said poor planning, inadequate infrastructure and lack of land for service and petrochemical […] The post Economic Zone seeks investors appeared first on Vietnam Business News.

Circular debt puts contractors in danger Posted: 09 Apr 2014 09:12 PM PDT Circular debt in the civil engineering sector has become so serious that it is believed to pose an existential threat to some construction companies. Construction firms are facing shareholders' anger when reporting huge accounts receivable at shareholders' meetings. For some companies, the debts owed them amount to over 30 percent of their total assets. Reports […] The post Circular debt puts contractors in danger appeared first on Vietnam Business News.

Dung Quat oil refinery not yet selling shares to Gazprom Posted: 09 Apr 2014 09:11 PM PDT The Vietnamese website of the Voice of Russia recently reported that Gazprom Neft, a subsidiary of Gazprom Corporation, has nearly completed the process of purchasing shares of Vietnam's Dung Quat oil refinery. However, the refinery's top official says the negotiations are still ongoing. “The two sides are still in the discussion stage, not reaching a […] The post Dung Quat oil refinery not yet selling shares to Gazprom appeared first on Vietnam Business News.

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