GIC today signed a strategic investment agreement with ERGO Insurance Group with the latter’s acquisition of 10 million shares or a 25 per cent of GIC’s stake. In total, the proposed transaction would be valued at approximately VND380 billion ($18.3 million), not including knowhow transfer and technical support. This strategic partnership is expected to strengthen [...]
Dr Nguyen Quang A, a well known economist in Vietnam, has doubts about the released figures which suggest that leading state owned enterprises (SOEs) make up nearly 40 percent of the GDP. VietNamNet would like to introduce the article by Nguyen Quang A published on Lao Dong newspaper. In the past few years, working sessions [...]
The State Bank of Vietnam on Friday’s evening asked financial institutions and banks to report on foreign currency deposits of state conglomerates by the end of next Friday. The report will have to cover all foreign currency deposits recorded until the end of this month of 21 state conglomerates and the affiliates. This is the [...]
The Vietnam National Administration of Tourism and its Institute for Tourism Development Research held a conference on February 28 to review the implementation of the Tourism Development Master Plan from 1995-2010. Vietnam received 1.3 million international tourists in 1995, more than 2.1 million in 2000, and five million in 2010, according to reports at the [...]
The PetroVietnam Power Corporation (PV Power) and the PetroVietnam Construction JSC (PVC) signed an Engineering, Procurement and Construction (EPC) contract on February 28 to build Thai Binh Thermo Power Plant No 2 at My Loc commune, Thai Thuy district, Thai Binh province. The plant is an important project in the province’s socio-economic development strategy and [...]
Vietnam’s export turnover in February was estimated at US$5.25 billion, 26 percent less than the previous month, reported the Ministry of Planning and Investment’s. In the first two months of 2011, total export turnover was estimated at US$12.34 billion, up 40.3 percent over the same period last year. Key export items included garment and textile [...]
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