Posts Tagged ‘ Billion Dong ’

Haprosimex making large profits from state land

February 5, 2010
Haprosimex making large profits from state land

VietNamNet Bridge – The Hanoi Production Services Import-Export Joint Stock Company (Haprosimex) has been denounced for leasing out public land to illegally earn billions of dong. Haprosimex signed a contract on leasing the building to NEM Fashion Company for 34 yearsThe Hanoi Department for Natural Resources and the Environment has submitted a report on the [...]

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Top ten M&A news in 2009

February 3, 2010
Top ten M&A news in 2009

VietNamNet Bridge – 287 merger and acquisition (M&A) affairs were wrapped up in 2009 with a value of $1.09 billion. Avalue Vietnam believes that 2010 will witness a sharp increase in the number of M&A cases with a stable increase in the value of the deals. Here are the 10 most outstanding M&A affairs of 2009 [...]

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Banks requesting removal of blocks to expansion

February 2, 2010
Banks requesting removal of blocks to expansion

LookAtVietnam – Commercial banks have urged SBV to remove the instruction on halting licensing for new bank branches. Two years ago was the time when commercial banks rushed to set up new branches to expand their network. At that time, the network expansion was applauded by the central bank which said that this was a [...]

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Big guns sell $450 million to banks

February 2, 2010
Big guns sell $450 million to banks

LookAtVietnam – Commercial banks have purchased $450 million from state owned conglomerates and general corporations since the beginning of January 2010. The move follows a Government request for dollars to be sold to help stabilize the foreign currency market. The information was released by the deputy governor of the State Bank of Vietnam Nguyen Dong Tien [...]

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Indochina Airlines wants to fly again

February 2, 2010
Indochina Airlines wants to fly again

LookAtVietnam – Managing director of Indochina Airlines Le Hong Pho has, once again, affirmed the airline’s determination to resume commercial flights. According to Pho, the air carrier has been strictly obeying the requirements by the Civil Aviation Administration of Vietnam (CAAV) on refunding money for returned air tickets, considering the flight schedule and ensuring passengers’ [...]

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Villages for ornamental trees to get rich this Tet

February 2, 2010
Villages for ornamental trees to get rich this Tet

Many gardeners in Tra Khe village in Thai Binh province and Vi Khe village in Nam Dinh province have fixed prices of billion dong for their ornamental trees. Thon and his valuable tree. Vu Viet Hoa from Vi Khe village has a 200-year-old tree which he said to sell at 11 billion dong (over $600,000). Hoa [...]

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Broken bank promises, businesses stuck

February 2, 2010
Broken bank promises, businesses stuck

LookAtVietnam – Businesses are complaining that their business plan have been damaged because banks refuse to provide loans. X., director of a construction company, has paid back his four billion dong debt that just matured. The bank promised to provide another loan, but then refused, even though the new loan would be equal to ¼ [...]

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Hopes for V-Leagues 2010

January 29, 2010
Hopes for V-Leagues 2010

Nhu Thanh, Viet Thang, Thanh Binh, Lee Nguyen and Cong Vinh are not new discoveries but they are expected to make a big impression on the V-League 2010. Viet Thang (left) and Cong Vinh. Meanwhile, the most notable transfers are the move of Dong Tam Long An club’s Viet Thang and Binh Duong club’s Nhu Thanh [...]

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ICA’s passengers flocking to director’s residence to claim back cash

January 29, 2010
ICA’s passengers flocking to director’s residence to claim back cash

LookAtVietnam – Indochina Airlines have said that on January 28, 2010 it refunded 300 million dong to passengers who returned tickets. 300 million dong (16,660 dollar) is the sum paid for 200 tickets. It is estimated that Indochina Airlines will have to spend 1.6 billion dong (88,880 dollar) more for some 900 tickets which will [...]

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Ministry says 4.9 percent electricity price increase is the best option

January 28, 2010
Ministry says 4.9 percent electricity price increase is the best option

LookAtVietnam – MOIT has submitted to the Prime Minister suggested plans to raise the electricity price by 4.9 percent. Deputy Minister of Industry and Trade Bui Xuan KhuHere MOIT’s deputy minister Bui Xuan Khu explains the reasoning. VietNamNet: Could you please tell us more about suggested plans by MOIT regarding the electricity price in 2010? Bui Xuan [...]

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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...