GE Energy Services yesterday afternoon signed a memorandum of understanding to collaborate with National Power Transmission Corporation (NPT), a key subsidiary of Electricity of Vietnam (EVN). Under the agreement, the two companies will work together to increase Vietnam’s power transmission efficiency and expertise, and reduce the risk of power shortages. Vietnam experienced a shortfall of [...]
Mar 31 2011 | Posted in
Energy |
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PetroVietnam Group will spend US$2.35 billion developing 25 petroleum projects in countries of the former Soviet Union, as well as in Venezuela and elsewhere in Latin America. Oil and gas exploitation overseas would eventually reach 2-3 million tonnes per year, with reserves as high as 15 million tonnes. The group made the announcement at a [...]
Domestic cement enterprises will raise the domestic cement prices by 150,000/ton from April 1, the online newspaper Tuoitre reported on March 31. Domestic cement enterprises will raise the domestic cement prices by 150,000/ton from April 1, the online newspaper Tuoitre reported on March 31. The cement prices has increased by VND210,000/ton from the beginning of [...]
Mar 31 2011 | Posted in
Cement |
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Vietnam electricity output reached 22.7 billion kWh, up 9.3% on year in the first quarter, the state-owned Electricity of Vietnam Group (EVN), the biggest power supplier,said. Vietnam electricity output reached 22.7 billion kWh, up 9.3% on year in the first quarter, the state-owned Electricity of Vietnam Group (EVN), the biggest power supplier, said. Despite this [...]
Mar 31 2011 | Posted in
Energy |
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Prudential Vietnam Life Insurance Co (Prudential Vietnam) has recently officially announced its business results in 2010. Prudential Vietnam’s financial report showed its revenue from new contracts increased 25.4 percent to reach 1.227 trillion dong and total premium at 5.424 trillion dong, growing 13.6 percent year‐on‐year. The total number of valid contracts increased to 3.8 million [...]
Mar 31 2011 | Posted in
Insurance |
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The People’s Committee of Ba Ria Vung Tau province, the National Committee for International Economic Cooperation and Multilateral Trade Assistance Project Vietnam III (MUTRAP III) jointly held the forum on Vietnam’s Logistics and Seaport services in the context of international economic integration. This is part of the activities within the framework of the international economic [...]
Mar 31 2011 | Posted in
Transportation |
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Since 1994 till the end of 2010, Vietnam has invested $566 million in 41 projects in Cambodia, ranking at the ninth position amongst foreign countries investing in Cambodia, Vu Thinh Cuong, Vietnamese commercial counsellor in Cambodia said. Vietnamese enterprises mainly focused on sectors such as rubber growing, aviation services, telecommunication, garment and textile, tourism, construction [...]
Mar 31 2011 | Posted in
Investment |
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In the first three months this year, HCM City’s fuel import was nearly $380 million, increasing 83.7 percent against the same period last year, according to the HCM City Statistics Bureau. In which, the average fuel price increased 33.6 percent year‐on‐year. In February, the city’s import for fuel was only $99.3 million, falling 19.7 percent [...]
The Foreign Investment Agency under the Vietnamese Ministry of Planning and Investment (MPI) reported that in the first two months of this year, Vietnamese enterprises registered a huge amount of capital invested abroad. There were 16 projects in nine investment sub‐sectors, but the total registered investment capital was estimated at over $1.264 billion, only about [...]
Mar 31 2011 | Posted in
Investment |
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The Vietnamese Ministry of Finance has submitted to the government a 7-trillion dong plan of extending Corporate Income Tax (CIT) for some difficult objectives, the local newswire VnExpress reported. A source from the ministry said that the plan had been finished and submitted on March 30 for asking the government’s approval. As estimated, there are [...]
Mar 31 2011 | Posted in
Banking-Finance |
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