The Corporation for Financing and Promoting Technology (FPT) and its subsidiary FPT Telecom will become strategic partners of EVN Telecom. A source from EVN Telecom confirmed the agreement with Viet Nam News yesterday, saying these two companies would hold more than 50 per cent stake in EVN Telecom after it equitised. This acquisition followed the [...]
The State Bank of Viet Nam has issued a new regulation forbidding commercial banks from lending cash against gold collateral, in a move aimed at easing pressure on the foreign exchange market, as well as lowering risks to the banking system. Under Circular No 22/2010, which took effect immediately yesterday, gold which has been given [...]
The second biggest city in northern Viet Nam has seen a sluggish real estate market for apartments, with sales accounting for only 1 per cent of the city’s total real estate transactions. Chairman of Hai Phong’s Real Estate Association Nguyen Ngoc Thanh conceded that customers were not interested in purchasing apartments in the city, saying [...]
Although basa fish prices peaked at VND19,000 (US$0,97) per kilogramme, factories under the Viet Nam Association of Seafood Exporters and Producers have lost 50 per cent of their fish supply. While fish prices were low and the feed price was high, farmers lost interest in raising their basa fish cultivation. Furthermore, local banks refuse to [...]
Livestock feed manufacturers have announced an increase in prices for the third time this month. Prices will be raised by an average of VND200 per kilogramme of condensed bran and VND120 per kilogramme of mixed bran.
Hiep Hoa Phat JSC has committed US$19 billion to the Hoa Tam Oil Refinery Industrial Zone, according to the Economic Zone Management Board of the central province of Phu Yen. The project includes Bai Goc Port, covering 220ha, the Hoa Tam Oil Refinery complex, 180ha, and a multi-section industrial park, 180ha.
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