Posts Tagged ‘ billion ’

Woman arrested for organizing billion-dong chess gambling for gov't officials 

January 22, 2012
Woman arrested for organizing billion-dong chess gambling for gov't officials 

  Police in the Mekong Delta province of Soc Trang have arrested a woman for organizing gambling chess games for local officials, Tuoi Tre reported Thursday. The newspaper quoted police as saying Ngo Hue Phan let Nguyen Thanh Leo, former deputy director of Soc Trang Province Transport Department, and Dinh Van Muoi, former deputy chief [...]

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Vietnam determined to obtain nuclear energy: PM 

January 15, 2012
Vietnam determined to obtain nuclear energy: PM 

The location in Ninh Thuan Province's Ninh Phuoc District chosen for Vietnam's first nuclear power plant to be built in 2014. Prime Minister Nguyen Tan Dung has reaffirmed Vietnam’s determination to build a nuclear power plant because the country is due to experience serious power shortages in the next decade. “We are determined to develop [...]

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Money isn’t everything 

January 15, 2012
Money isn’t everything 

  Do Ngoc Tuan (R), 42, of Long An Province’s Ben Luc Town won more than US$300,000 after buying unsold tickets from vendor Pham Thi Lanh (L) Tuan’s equanimity in the face of such a change in his fortunes has made the news as much as the winning itself. Just as impressive is the story [...]

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TPG willing to invest $1 billion in Olympus 

January 14, 2012
TPG willing to invest $1 billion in Olympus 

A disassembled Olympus camera and its parts are seen in this illustrative photograph taken in Tokyo November 24, 2011. Private equity firm TPG Capital is willing to invest about $1 billion in Japan’s Olympus Corp in a joint deal with Sony Corp or another suitor circling the scandal-hit firm, a person familiar with TPG’s thinking [...]

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Vietnam raises $89.4mn via government bonds on Jan 12 

January 14, 2012
Vietnam raises $89.4mn via government bonds on Jan 12 

  Vietnam’s State Treasury raised VND1.88 trillion ($89.4 million) by selling government bonds in its first auction of the year, the Hanoi Stock Exchange said. The treasury sold the entire amount of VND1 trillion of three-year debt it offered at a yield of 12.10 percent, and raised VND880 billion via five-year debt at 12.15 percent, [...]

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Another official arrested in Mekong Delta gambling bust 

January 12, 2012
Another official arrested in Mekong Delta gambling bust 

The house belonging to Dinh Van Muoi, deputy chief of Soc Trang Town Party Unit’s Inspection Committee, who was arrested Wednesday for alleged gambling. Police in the Mekong Delta province of Soc Trang on Wednesday arrested a Party official for allegedly gambling away billions of dong on Chinese chess games after the official was fingered [...]

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Vietnam power utility posts smaller loss than predicted 

January 9, 2012
Vietnam power utility posts smaller loss than predicted 

EVN targets a total electricity generation of 118.5 billion kilowatt-hours in 2012 State-owned utility Electricity of Vietnam has reported an estimated loss of VND3.5 trillion in 2011 (US$166.4 million), lower than its original projection of VND11 trillion. The group, also known as EVN, has taken measures to cut operating costs to reduce losses, news website VnExpress [...]

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$11 billion in tourism revenues targeted in 2015 

January 8, 2012
$11 billion in tourism revenues targeted in 2015 

  Vietnam targets generating US$10 billion to $11 billion in tourism revenue and attracting 7 million to 7.5 million overseas visitors in 2015, according to a statement posted on the government’s website Monday. The country aims to attract 10 million to 10.5 million international visitors in 2020, and generate $18 billion to $19 billion in [...]

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Vietnam’s pledged foreign direct investment falls 26 percent 

January 6, 2012
Vietnam’s pledged foreign direct investment falls 26 percent 

  Pledged foreign direct investment into Vietnam fell 26 percent this year through December 15, the Foreign Investment Agency of the Ministry of Planning and Investment said in a e-mailed statement on December 30. Committed investment was $14.7 billion over the period, according to the statement. Disbursed foreign direct investment for the whole of 2011 [...]

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Another Vietnam official accused of gambling billions on Chinese chess 

January 6, 2012
Another Vietnam official accused of gambling billions on Chinese chess 

  An unnamed official in the Mekong Delta province of Soc Trang is suspected of gambling away billions of dong on Chinese chess games after being fingered by a former official who is in custody for alleged gambling. The provincial police said Wednesday that the arrested official, Nguyen Thanh Leo, former deputy chief of the provincial [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...