Deputy Prime Minister Hoang Trung Hai has approved a grand plan for construction of Dinh An economic zone in the Mekong Delta province of Tra Vinh until 2030. This is one of 15 coastal economic zones in the country, which focus on industry, commerce, services, tourism, urban development and agriculture-forestry-fisheries and other areas closely connected [...]
The Malaysian owned Hai Duong JAKS Electricity Ltd Company held a ground-breaking ceremony on September 9 to begin the construction of the Hai Duong Thermoelectric power project. Present at the ceremony were National Assembly Vice Chairperson Nguyen Thi Kim Ngan, Deputy Prime Minister Nguyen Thien Nhan and the Malaysian Ambassador. During the ceremony Deputy PM [...]
The National Financial Supervisory Committee says Vietnam’s credit growth target should be revised down to 15 percent to ensure loans do not expand too fast in the next few months, putting economic stability at risk. The central bank has capped credit growth at 20 percent this year, but loans expanded at a much slower pace [...]
In four sessions from September 5 to 8, 2011, the State Bank of Vietnam (SBV) pumped 24 trillion dong with the interest rate of 14% per annum and withdrew four trillion dong, leading to a net injection of 20 trillion dong on open market operations (OMO), according to the data from Reuters and calculation of [...]
Vietnam Commercial Joint Stock Bank of Industry and Trade (VietinBank-CTG) has recently reported the use of the proceeds from selling stake to International Finance Corp (IFC) on March 10, 2011. Accordingly, VietinBank successfully offered over 168.5 million shares priced at 21,000 dong each for IFC. After spending on expenditures, VietinBank posted a net earning of [...]
Ministry of Industry and Trade (MoIT) on September 8 organized a conference to review the implementation of Electricity Planning VI and discuss solutions for the Electricity Planning VII. Electricity of Vietnam (EVN) said that in its investment plan for 98 power projects with a total capacity of 58,000 MW in 2006-2015 period, the group has [...]
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