Credit growth rises in two largest cities

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VietNam News English 4 hour(s) ago

Total outstanding loans this month of Ha Noi-based credit institutions are estimated to inch up 0.5 per cent to nearly VND927 trillion (US$43.52 billion), according to the Ha Noi Statistics Office.

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Vinamilk plans $470m share issuance

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VietNam News English 5 hour(s) ago

Dairy giant Vinamilk (VNM) will issue a maximum of 167 million shares to raise charter capital from VND8.34 trillion (US$395.3 million) to VND10 trillion ($474 million).

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Hoa Sen forecasts Q2 profits over $5m

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VietNam News English 5 hour(s) ago

Steelmaker Hoa Sen Group (HSG) estimated revenue would be more than VND4.32 trillion (US$204.8 million) and net profits VND111 billion ($5.3 million) in the second quarter of this year.

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Composite boats emerge as smart choice for Vietnam fishermen

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Báo Tuổi Trẻ English 1 day(s) ago

Composite boats emerge as smart choice for Vietnam fishermen

Vietnam’s government has approved a VND10 trillion (US$470.68 million) credit package to build ironclad fishing boats for local fishermen, but it is not just the price that makes the new vessels appealing to the fishers.

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Hanwha Life Vietnam increase its chartered capital to $103 million

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Báo Đầu Tư English 6 day(s) ago

Hanwha Life Vietnam increase its chartered capital to $103 million

Hanwha Life Vietnam yesterday announced to increase its chartered capital in Vietnam to nearly VND1.9 trillion ($103 million), bringing it to the Top3 life insurers with the highest chartered capital in the market.

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PetroVietnam achieves H1 goals

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VietNam News English 1 day(s) ago 1 duplicate news

PetroVietnam achieves H1 goals

The Viet Nam Oil and Gas Group (PetroVietnam) reached all targets in production and business for the first half of this year, according to the group's press release yesterday.

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Phu Quoc Island projects lay idle

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Báo Đầu Tư English 2 day(s) ago

Phu Quoc Island projects lay idle

More than 100 hospitality and entertainment projects on Phu Quoc Island with the combined pledged capital of around $6 billion have been licenced, but few have been carried out due to underdeveloped infrastructure and the high cost of labour.

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BUSINESS IN BRIEF 20/7

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VietnamNet English 3 day(s) ago 1 related news

Vietnam making great strides as a footwear supplier

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Vietnam Airlines to spend big on aircraft expansion

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VietnamNet English 4 day(s) ago

Vietnam Airlines Corporation will need nearly VND70 trillion (more than US$3.3 billion) for 2014-2018, including nearly VND63.3 trillion spent on aircraft purchases.

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Ministry offers tax breaks to lift recovery

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VietNam News English 4 day(s) ago

Ministry offers tax breaks to lift recovery

The Ministry of Finance (MOF) has proposed to erase tax dues, associated interests and overdue charges worth VND6.53 trillion (US$297 million) from struggling enterprises, Tuoi Tre (Youth) newspaper reported.

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Vietnam’s 2th largest bank divests from Malaysian joint-venture to increase liquidity

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Báo Tuổi Trẻ English 5 day(s) ago

Vietnam’s 2th largest bank divests from Malaysian joint-venture to increase liquidity

The Bank for Investment and Development of Vietnam (BIDV) has sold a 50 percent stake the state-run lender held in its joint venture – VID Public Bank (VPB) – to a Malaysian partner in an effort to increase liquidity for its restructuring process.

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Hanoi invests over 17 trillion to build new-style rural areas

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VietnamPlus English 5 day(s) ago 1 related news

The capital city of Hanoi has spent over 17.1 trillion VND (roughly 1.1 billion USD) building new-style rural areas in the locality, according to the municipal People’s Committee.

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Bibica reveals soaring profits

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Báo Đầu Tư English 5 day(s) ago 1 related news

Bibica reveals soaring profits

Confectioner Bibica Corporation (BBC) has announced first half pre-tax profits of nearly VND24 billion (US$1.1 million), four times the VND6 billion ($284,000) it earned during the same period last year.

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Regional connectivity needed to develop tourism: Deputy PM

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VietnamPlus English 5 day(s) ago

Regional connectivity needed to develop tourism: Deputy PM

Regional connectivity will allow Central and Central Highland localities to fully tap their tourism potential and create highly-attractive tourism products, said Deputy Prime Minister Vu Duc Dam at his working session with local officials on July 17.

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Seventy bridges need early replacement

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VietNam News English 5 day(s) ago

Seventy degraded bridges along national highways in 25 provinces must be replaced by 2015, three years earlier than planned.

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