 | |
 | |
Travel
North Vietnam
Central Vietnam
South Vietnam
Business
Trade Directory
Market Place
News | |
Vietnam NewsCambodia Upstream Oil & Gas Fiscal Regime: 2010 - new market report released Cambodia Upstream Oil & Gas Fiscal Regime: 2010 Brunei Upstream Oil & Gas Fiscal Regime: 2010 - new market report released Brunei Upstream Oil & Gas Fiscal Regime: 2010 Petronas signs gas for MLNG Tiga A gas sales agreement was signed yesterday with Sarawak Shell and Petronas Carigali for the supplies from F28, F14 and E6 fields. F28 will be developed first with gas expected to be produced by April 2012. Tangguh LNG rerouted to Pupuk Iskander Upstream energy regulator BPMigas said on Tuesday that it would reallocate 1.8 million tons of liquefied natural gas a year from Papua’s Tangguh field in Papua to Japanese electricity utility Chubu Electric Power and state-owned fertilizer firm PT Pupuk Iskandar Muda. Burma publishes first of five new election laws Burmese military junta unveil laws for elections later this year. French navy captures 35 Somali pirate suspects. Bali bombing mastermind thought dead after shoot-out with Indonesian police. Iran calls for China to withstand sanctions pressure. All this and much more, in today's security briefing. Both bourses fall Mar 10 After five consecutive gains with high trading volume, both bourses today March 10 tumbled. Business and stock briefs March 10 * The Hochiminh Stock Exchange has approved Khanh Hoa Power Co (KHP) to trade 20.7 million additional shares on the bourse. HNX to pay interest on international bonds Hanoi Stock Exchange (HNX) on March 8 announced to pay the interest of CPD0911006 government bonds in foreign currency in 2010 issued by the State Treasury-Finance Ministry. Vietcombank, Eximbank co-finance 450b dong for Hoa Sen Group In order to support a part of investment capital for two cold-rolled steel sheet lines (total capacity of 400,000 tonnes/year) in the general project of Ton Hoa Sen Phu My mill, Hoa Sen Group has recently signed a credit contract worth nearly 450 billion dong with bank syndicate including Vietnam Commercial Joint Stock Bank for Foreign Trade (Vietcombank-VCB) and Vietnam Export Import Commercial Joint Stock Bank (Eximbank). Ovi Cables Vietnam expands production Ovi Cables Vietnam Co on March 9 announced that it has officially started construction on the second electric cable production plant in the southern province of Binh Duong to produce medium voltage electric wire. Coc Sau coal JSC’s profit estimated at over 20b dong in Q1 During the first quarter this year, Coc Sau Coal Joint Stock Co (coded TCS)’s revenue was estimated at 550 billion dong and 20 billion dong of profit, according to Le Van Binh, the company’s deputy director. Work on Phu Thuan Bridge starts Phat Dat Real Estate Development Joint Stock Co has recently began construction on building Phu Thuan Bridge, linking resident areas such as Tan Phu and Phu Thuan with Nam Saigon new urban zone. SSI forecasts 2010 stock market potential Saigon Securities Inc (SSI) on Monday announced a report on potential of Vietnam’s stock market in 2010. SSI analysts are however cautious while forecasting the post-crisis economy in 2010 as the macro-economic policies can be changed to reach the 2010 GDP growth target of 6.5% and curb inflation at 7%. US dollar price to increase: Specialists The dong/US dollar forex rate at commercial banks surged to 19,070 dong per US dollar on the first day of this week, making the US dollar price in the free market jump to 19,450 dong per US dollar. VietinBank to help HDBank raise capital in interbank market HCM City Housing Development Commercial Joint Stock Bank (HDBank) and Vietnam Commercial Joint Stock Bank of Industry and Trade (VietinBank) recently signed a comprehensive cooperation agreement whereby VietinBank and HDBank will jointly carry out cooperation activities, cosponsoring project finance, transaction network connection and ATM system. Bidv licensed to open rep offices in Burma State Bank of Vietnam (SBV) has signed a document approving Vietnam Bank for Investment and Development (Bidv) to open the representative office in Burma’s Yangon. Habubank plans to issue convertible bonds Hanoi Building Commercial JS Bank or Habubank has organised successfully the 19th annual shareholder meeting and passed the plan of issuing total 1.050 trillion dong worth of convertible bonds. VFM registers to trade big share volume The fund managers under Vietnam Investment Fund Management Joint Stock Co, such as VFM, VF1, VF2 and VF4 have registered to both sell and buy a big volume of shares coded SJS, NTL and LSS for next two months between March 8 and May 8, 2010. HAD plans 25% cash dividend, B82 to offer shares Vietnam Securities Depository Centre (VSDC) has recently announced that March 17 will be the registration deadline for HNX-listed Hanoi-Hai Duong Beer Joint Stock Co (coded HAD) to advance 25% dividend in cash for 2009 (2,500 dong per share). Central hydropower firm allowed to offer 51m shares State Securities Commission (SSC) on March 8 approved Central Hydropower Joint Stock Co (CHP) to offer 51,115,429 ordinary shares at the face value of 10,000 dong per share to the public in two phases under the consultancy of Saigon Securities Inc (SSI). DIG releases ’09 business performance Southern bourse listed firm Construction Investment Development Joint Stock Corp (coded DIG) reported that last year it gained 1.213 trillion dong, equalling to 83.6% of the full year’s plan and growing by 85% year-on-year. MCG signs construction contract for Nam Hoa 2 hydropower project Anpha Hydropower Investment Joint Stock Co (96% stake held by MCG) on March 4 signed a construction contract for Nam Hoa 2 hydropower project with Irrigation Hydropower Construction Ltd Co in Giang Tay (Jiangxi) province, China. $64m Bunka project starts operation Being established in December 2008 in Vietnam, Bunka-Vietnam Ltd Co plans to start production from April 1, 2010. German investor proposed to be general contractor for metro 2 project Chair of HCM City’s People’s Committee, Le Hoang Quan, in the meeting with German minister for Economic Cooperation and Development, Dirk Niebel on March 9, urged German investors to be general contractors for metro route No 2 project. Japanese enterprises interested in seaport infrastructure projects in Vietnam Vietnamese Ministry of Transportation (MoT), Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT), and Vietnam National Shipping Lines Corp (Vinalines) on March 9 organised a seminar on seaport infrastructure investment and cooperation opportunities in Vietnam. 661b dong to build Rao II Bridge in Hai Phong Hai Phong City People’s Committee, Hai Phong Bridge PMU on March 10 officially kicked off work on Rao II Bridge over Lach Tray river, linking Nguyen Van Linh St with Pham Van Dong St. Cai Mep-Thi Vai port project adjusted Deputy prime minister Hoang Trung Hai on March 9 proposed total investment limit for Japan funded Cai Mep-Thi Vai port development project as one of big projects around Thi Vai river, Ba Ria-Vung Tau province. The project is slated to 2012. Vinaconex calls for investment in Cai Gia-Cat Ba property project Vinaconex Tourism Investment and Development Joint Stock Co (Vinaconex-ITC) has sent an open letter concerning Cai Gia-Cat Ba tourism area project to domestic and foreign investors. Khang Dien housing trader to up holding in Khu Dong realty firm Khang Dien Housing Trading and Investment Joint Stock Co (coded KDH) has recently announced to increase its holding in Khu Dong Real Estate Trade and Investment Joint Stock Co from 35% to 54.5% stake, equalling to 87.2 billion dong. Vinacas plans to borrow 4.6tr dong to support Vietnam’s cashew export Vietnam Cashew Association (Vinacas) on March 8 sent documents to banks petitioning to borrow capital to support Vietnam’s cashew export in 2010. Minh Phu earns US$18.1m from Jan-February export Minh Phu Seafood Joint Stock Co (coded MPC) reported exporting 1,687 tonnes of seafood for US$18.13 million, up 31.77% in output and 31.41% in value compared with the same period of 2009, deputy general director Le Van Diep. Vinpearl Land transfers 7.8m shares to individuals Director board of Vinapearlland (STC coded VPL) decided to transfer its 7.8 million shares in Vinpearl Hoi An Tourism Investment Joint Stock Co to other individuals. Seafood processor offers 2.5m shares Ut Xi Seafood Processing Joint Stock Co announced it would close the shareholders list on March 15 to offer 2,5 million shares under the consultancy of Thang Long Securities Co. Vietnam rubber industrial zone & urban developer offloads nearly 3.76m SHS shares Saigon-Hanoi Securities Joint Stock Co (coded SHS) has recently announced that Vietnam Rubber Industrial Zone and Urban Development Joint Stock Co (Vinaruco) registered to sell wholly 3.759 million SHS-coded shares. Sieu Thanh JSC plans 15% dividend advance Under the resolution of Sieu Thanh Joint Stock Co (coded ST8)’s director board on March 8, the company decided to advance 15% dividend in shares for the second phase of 2009 and list additional shares on the Hochiminh Stock Exchange (STC). Chuong Duong beverage firm to pay 7% dividend in cash Hochiminh Stock Exchange (STC) has recently announced that March 18 will be registration deadline for Chuong Duong Beverage Joint Stock Co (coded SCD) to hold annual shareholders’ meeting 2010 and pay dividend for the second phase of 2009. PPG registers to sell over 184,000 fund shares Phu Phong Production, Trading and Services Joint Stock Co (coded PPG) has lately registered to sell 184,120 fund shares for the purpose of supplementing the company’s working capital. Ninh Van Bay holds 51pct of Ana Mandara Ninh Binh resort After a long time of technical support, on February 8, 2010, Ninh Van Bay Tourism and Real Estate Joint Stock Co (Ninh Van Bay) reached an agreement of holding 51% of total shares for project of high-class Ana Mandara Ninh Binh resort with its partner of Tan Phu Tourism Joint Stock Co. Ninh Binh fertiliser plant to start trial run in time Hoang Trung Hai, deputy prime minister recently checked the construction works of Ninh Binh fertiliser plant project on March 8 after nearly two-years of construction. An Phu irradiation JSC targets 38b dong after tax profit in 2010 An Phu Irradiation Joint Stock Co (APC)’s director board on March 5 passed this year’s business plan with 87 billion dong of revenue, 42 billion dong of pre tax profit and 38 billion dong of after tax profit with EPS of 3,300 dong. Thanh Hoa brewery plans 30.5b dong pre tax profit During the year 2009, Thanh Hoa Beer Joint Stock Co (coded THB) reported gaining 658 billion dong of revenue and 25.3 billion dong of pre tax profit, exceeding 4% and 26.5% of last year’s plan respectively. Nha Be Bridge and An Sinh ecological urban area project to be started Ministry of Construction has lately approved the investment and construction project of Nha Be Bridge crossing the Nha Be River and An Sinh ecological urban area. Hanoi, HCM City has sharp increase in retail space in coming two-years Savills Vietnam Co forecasts that in the coming two-years, retail space in Hanoi would increase by 1.2 million square metres, three times higher than now and HCM City would have additional 740,000 square metres in the next three-years. Vietnam may become top rubber exporter As forecasted, Vietnam could export total one million tonnes of rubber latex by 2020 and become one of top rubber exporters in the world. Asian markets higher on bargain hunting Easing concerns over the release of key Chinese economic data later this week overshadowed a bout of profit-taking to leave Asian stocks higher yesterday Tuesday March 9. Burma provides details of first election law Myanmar's ruling junta will appoint the commission that will have final say over the country's first elections in two decades, state-run newspapers announced Tuesday as the country's military rulers began unveiling the laws that will govern this year's balloting. N Korea says ready for both dialogue and war with US North Korea said Tuesday it would strengthen its nuclear deterrent in response to US military threats and is prepared for both dialogue and war with Washington. China to expand outbound investment channels, regulator says China's government will open channels to facilitate outward investments by Chinese investors, the State Administration of Foreign Exchange said today in a statement. Taiwan's exports up 32.6pct in February Taiwan's exports slowed from January but remained robust for a fourth-straight month, helped by strong demand for electronics products from China, the finance ministry said Monday. China faces new pressure to let currency rise China faces mounting pressure from trading partners to loosen currency controls and is giving signs it might raise the value of the yuan to ease strains on its fast-growing economy. Japan PM admits voter frustration as polls slide Japan's centre-left Premier Yukio Hatoyama Monday conceded voters are frustrated as he faced sliding approval ratings but denied plans for a cabinet reshuffle ahead of July upper house elections. Vietnam's first-quarter rice exports may drop 25pct Rice exports from Vietnam, the world's second-biggest exporter, may drop 25 percent to 1.2 million metric tonnes in the first quarter as foreign buyers reduce orders on expectations that prices will decline. Indonesia ups inflation, subsidies in 2010 budget Indonesia plans to increase subsidised electricity tariffs by about 15 percent by July, Finance minister Sri Mulyani Indrawati said on Monday. Soybeans rise as China may import more to expand inventories Soybean futures rose the most in more than a week on speculation that China, the world's biggest buyer and consumer, will boost imports to expand inventories. Asia 'missing' 96 million women: UN Asia is "missing" about 96 million women -- the vast majority in China and India -- who died from discriminatory health care and neglect or who were never born at all, the UN estimated on Monday. HCM City lures foreign investors HCM City has granted investment licences to 39 new foreign direct investment projects capitalised at a total investment capital of $333.4 million and five with additional investment capital, according to Lu Thanh Phong, vice director of the city's Department for Planning and Investment. Airlines look to Asia for growth Beleaguered US airlines are increasingly looking to Asia to bolster their fortunes. Vietnam Money-Rates up, in part due to rice, coffee schemes Short-term money market rates in Vietnam pushed higher on Monday as banks sought fresh funds to meet demand from the rice and coffee sectors in particular, bankers said. Eximbank joins card alliance GlobePass The HCM City Stock Exchange-listed Eximbank Vietnam (EIB) officially joined the card alliance GlobePass yesterday, thanks to support from its strategic shareholder, the Sumitomo Mitsui Banking Corp. Bank of East Asia improves payments infrastructure in China Bank of East Asia's new payments system allows for greater integration and customisation for its corporate treasury clients. High-speed rail work should start 2012: cabinet Construction of the North-South high-speed railway should kick off in 2012 to meet the country's rising traffic demand, according to a cabinet meeting. FDI companies report losses to dodge tax The HCM City Taxation Department has said that most of 20 foreign direct investment (FDI) enterprises it has surveyed have reported losses for several consecutive years to avoid paying tax. Civilisation in Malaysia might have been oldest in Southeast Asia The Sungai Batu archeological site in the Bujang Valley in Malaysia has proven that civilisation in this country had started much earlier and was the oldest in South-east Asia. Philippine Eagle centre reports new hatchling A baby Philippine Eagle (Pithecophaga jefferyi) hatched in Davao City, the 23rd eaglet born under the Philippine Eagle Foundation's (PEF) conservation breeding programme. Philippine health chief, church fight over condoms On Valentine's Day, Philippine government health workers hit the streets of Manila to hand out roses and condoms to passers-by. Moderate quake hits Taiwan A 5.1-magnitude earthquake hit Taiwan on Monday, the central weather bureau said, but there were no immediate reports of damage or casualties. Vietnam to get $790m climate change funding Vietnam has received $790 million in pledges from donor countries and international organisations to devise measures to cope with climate change and curb carbon emissions, a state-run newspaper reported on Monday. 16 dead in two months of Philippine poll violence: Police Attacks on candidates and campaigners involved in forthcoming Philippine national elections in May have claimed 16 lives in the past two months alone, police officials said Monday. More buyers at this year's HK International Jewellery Show Exhibitors at the Hong Kong International Jewellery Show have seen a significant return of buyers from around the world, after last year's major slump in business. Japan dolphin hunters bitter as 'The Cove' wins Oscar Dolphin hunters in a Japanese fishing town on Monday defended their annual cull after "The Cove", a hard-hitting film about the slaughter, won the Academy Award for best documentary. Fire fighter dies, three injured in HK factory blaze A firefighter died and three others were injured while battling a huge blaze at a Hong Kong factory Monday. Officials said the fireman was overcome by smoke on the fifth floor of the factory in the Cheung Sha Wan area. PV Gas South to auction 5.7m shares to lift capital The northern bourse-listed PetroVietnarn Southern Gas Co has decided to issue 6.5 million new shares, in an effort to raise capital. The company will sell 5.75 million to the public at a minimum of 25,000 per share and investors can register to buy a minimum of 100 shares. Hoa Sen sells shares to strategic partners Steel producer Hoa Sen Group (HSG) has sold nearly 12 million shares at a price of 45,000 dong (US$2.40) to three domestic and foreign financial institutions: South Korea's STIC Investment Inc, FPT Securities Co and Bong Sen Fund Management Co. Vietnam's beverage sector attracts international investments "Despite the slowdown in investments on the back of the global financial crisis, the Vietnamese drinks sector continues to attract investments from international players," confirms website www.companiesandmarkets.com, the world's leading source for international market research and market data. Phuc Tien Co offers shares to raise charter capital The State Securities Commission has given permission to Phuc Tien Trade and Production Co to issue 9 million shares to increase its charter capital to 200 billion dong. Philippine central bank may further unwind stimulus The Philippines will consider unwinding some of its stimulus measures even as it may keep interest rates unchanged to support the economic recovery, central bank deputy Governor Diwa Guinigundo said. Toyota hits back at claims of electronic defects Crisis-hit Toyota staged a technical demonstration to tear apart allegations by a vocal critic that problems with its electronics may cause its cars to speed out of control. Climate forest deal in sight: Indonesia Wealthy and developing nations should be able to seal an agreement this year on deforestation, unlocking a key part of the next treaty on global warming, Indonesian negotiators said Monday. China to boost rural representation in parliament China will increase rural representation in its parliament, according to draft legislation unveiled Monday amid concern over a widening gap between its countryside and cities. Indonesia says raids will not affect Obama visit Indonesia said Monday that raids against militants in Aceh province would not affect US President Barack Obama's planned visit to the country this month as police rounded up more terror suspects. Burma elections must include Suu Kyi, UN's ban says Myanmar's elections scheduled for this year must include detained opposition leader Aung San Suu Kyi, United Nations Secretary-General Ban Ki-moon said. Thailand may hold interest rate on persistent risks Thailand's central bank may keep its benchmark interest rate at a five-year low as political tensions threaten an economic recovery and prevent it from following neighbour Malaysia in raising borrowing costs. Bank Indonesia raises 2010 growth forecast to 5.6pct Indonesia's central bank raised its estimate for economic growth this year to 5.6 percent from its original forecast of 5.2 percent, deputy Governor Hartadi A. Sarwono said in an e-mail today. Hopes high for Singapore trade deal Singapore and the European Union will begin negotiations on a free trade agreement on Monday. Taiwan's Compal sees higher China personnel costs Taiwan's Compal Electronics <2324.TW>, the world's No.2 contract laptop PC maker, expects its personnel costs in China to increase 8-10 percent this year amid labour shortages on the mainland, its chair said on Tuesday. Japan's China policies to stay: Experts Despite plunging public support, Japan's ruling cabinet is unlikely to reshape its China policies drastically, although a few minor tweaks may be expected in the coming months, experts told China Daily on Monday. Bursa Malaysia expects second year of profit growth Bursa Malaysia Bhd., the country's stock exchange manager, expects profit to increase for a second year as the economy recovers and the government further opens the market to foreigners. The stock rose the most in 10 months. Overseas newspaper paints bad image of Malaysia Last week, I was in Bangalore, India and stayed at the Ista Hotel. The newspaper provided is DNA (Daily News & Analysis). Thailand vows 'all means' to stop protest violence Thailand's finance minister said on Monday the government would take all means within the law to prevent violence as backers of former prime minister Thaksin Shinawatra prepare major protests. PM wants corporate Malaysia to care more Datuk Seri Najib Razak (picture) today called on the private sector to embark on corporate social responsibility (CSR) activities to assist the government in transforming Malaysia into a high income economy. Indonesian president in Australia for historic address Indonesian President Susilo Bambang Yudhoyono arrived in Australia on Tuesday for a three-day visit during which he will be given the rare honour of addressing the country's parliament. Indonesia February consumer confidence hit by food price Indonesia's consumer confidence edged down in February on higher food prices, but price pressures are expected to ease in the months ahead, a survey by the state-controlled Danareksa Research Institute showed. China Resources Land is arranging $386m loan, Wang says China Resources Land Ltd, a state- controlled property developer, is in the process of arranging a HK$3 billion ($386 million) loan through a syndicate, executive Wang Guohua said in an interview. Philippine promotion to attract Johoreans to its tourism sites The Philippine Tourism Department wants to work closely with Johor-based travel and tour agents to promote the country to Johoreans. Malaysia measures help weather economic crisis Malaysia has managed to weather the recent global economic downturn due to various pre-emptive measures taken by the government and Bank Negara Malaysia (BNM) since the 1998 financial crisis. N Korea to boost nuclear weapons capability North Korea said on Tuesday it would boost its nuclear weapons capability because US President Barack Obama was determined to ignore its calls for peace and bring it down by military force. UN chief told Burma supremo of worries about vote UN Secretary-General Ban Ki-moon said on Monday he sent a letter to Myanmar's junta chief to voice concern about the credibility of this year's nationwide election, the country's first in 20 years. N Korea opens port to China, Russia North Korea recently gave Russia the right to use its Rajin seaport for 50 years and is considering extending China's 10-year contract signed in 2008 by another 10 years. Malaysia to launch GST in mid-2011 Malaysia will carry out a goods and services tax in the middle of 2011, Second Finance minister Ahmad Husni Hanadzlah said in a speech today. Korea to stay cautious on exit strategy: Ministry South Korea will take a cautious approach to unwinding its economic stimulus policies in light of uncertainties at home and abroad, Finance minister Yoon Jeung-Hyun said Monday. | |
|
Home |
About Us |
Contact |
Search |
Vietnam Travel |
North Vietnam |
Central Vietnam |
South Vietnam Business | Trade Directory | Market Place | Local News | World News | Privacy Statement | Site Map | |