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Category Archives: Business

Higher foreign ownership ratio will help IPO shares to be salable

VietNamNet Bridge – Analysts have warned about the possible oversupply of shares when a series of equitized enterprises would make IPO. However, the oversupply would not occur, if foreign investors are allowed to hold more shares in Vietnamese businesses.   It is expected that seven state owned corporations would make initial public offering (IPO) in ... Read More »

The three ways of life for small banks

VietNamNet Bridge – In order to become stronger, banks need to be bigger, or they need to increase their capital. Small banks have to become big to exist   There are three ways for banks to increase capital. First of all, they can issue shares to existing shareholders, However, this proves to be not a feasible method for small banks, ... Read More »

International creditors extend debts for Vinashin

VietNamNet Bridge – The debt of $600 million, together with interest of the Vietnam Shipbuilding Industry Group (Vinashin) has been agreed by over 51% of the creditors to convert into new bonds, with a term of 12 years.     Vinashin Chairman – Mr. Nguyen Ngoc Su – says that Vinashin received the approval of a majority of the bondholders ... Read More »

HCM City boosts investment and trade promotion in major markets

The Ho Chi Minh City Investment and Trade Promotion Centre has made public their promotion programmes for 2013, with numerous new activities to continue to support businesses’ international economic integration. Commercial promotion programmes of the city will focus on expanding footholds in major markets of Cambodia , Myanmar and Laos , and strengthening commercial promotion activities in other markets like ... Read More »

Vietnamese firm invests 152 m USD in Thakhek

Hong Quang Co. of Vietnam has signed a 14-ha land concession agreement with authorities of Laos ’ Khammouane province to implement its 152 million USD project in the Thakhek Special Economic Zone, the Laos news agency KPL reported on March 14. The agreement, with a 75-year term, was signed on March 11 at the Thakhek Specific Economic Zone Office, Khammouane ... Read More »

Lao Cai has new hydropower plant

The Northern Power Cooperation of Vietnam and China ’s Yunnan Power Grid Company on March 14 put on operation the Seo Chong Ho hydropower plant in Ban Ho commune, Sa Pa district, the northern mountainous province of Lao Cai . Construction of the 21 MW facility began in 2008 at a cost of over 700 billion VND. The plant has ... Read More »

Economic governance declines, reforms urged

Economic governance declines, reforms urged The US Agency for International Development and the Viet Nam Chamber of Commerce and Industry held a ceremony in Ha Noi yesterday to jointly reveal the results of last year’s PCI, now in its eighth year. And Dong Thap ranked as this year’s number one province, followed closely by An Giang and Lao Cai.—VNS photo ... Read More »

Property shares prop up markets

Property shares prop up markets Investors trace market fluctuations at Maybank KIM ENG stock trading floor in HCM City. Real estate stocks jumped yesterday following the State Bank of Viet Nam’s announcement of a draft decree offering loans to low-income earners to buy houses. — VNA/VNS Photo Hoang Hai HA NOI (VNS)-  Real estate stocks jumped yesterday following the State ... Read More »

Shrimp industry beset by problems

Shrimp industry beset by problems HCM CITY (VNS)— Shrimp production has declined in recent years because of outbreaks of disease, falling demand from importers and lack of capital for production. Few farmers in the Cuu Long (Mekong) Delta have not begun shrimp production this year as they are still recovering from losses during the last crop. The Viet Nam Association ... Read More »

Resolution outlines SBV tasks

Resolution outlines SBV tasks HCM CITY (VNS)— Under a resolution issued by the Government in February, the State Bank of Viet Nam will be required to regulate its monetary policies in way that would reduce interest rates. The requirements are expected to help commercial banks increase their credit growth in line with the government’s targets set for 2013. They would ... Read More »