Posts Tagged ‘ Joint venture ’

Amazon weighed buying RIM, interest cooled 

December 21, 2011
Amazon weighed buying RIM, interest cooled 

A BlackBerry handset is displayed in Washington, December 15, 2011. Research In Motion Ltd has turned down takeover overtures from Amazon.com Inc and other potential buyers because the BlackBerry maker prefers to fix its problems on its own, according to people with knowledge of the situation. Amazon hired an investment bank this summer to review [...]

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Petrovietnam bids for ConocoPhillips’ Vietnam assets 

November 1, 2011
Petrovietnam bids for ConocoPhillips’ Vietnam assets 

  State oil and gas group Petrovietnam has bid for $1.5 billion of ConocoPhillips oil assets in the East Sea, a senior Petrovietnam official said on Monday. The Hanoi-based group plans to do its utmost to acquire the assets, Nguyen Tien Dung, Petrovietnam’s Deputy Chief Executive Officer, told Reuters on Monday. “The investment is in [...]

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Health ministry to review accusations against official 

September 23, 2011
Health ministry to review accusations against official 

Deputy health minister Cao Minh Quang Vietnam’s health ministry will look into recent accusations against a deputy minister, Saigon Giai Phong quoted the health minister as saying Sunday. Deputy Minister Cao Minh Quang is now facing accusations that he had made false statement of his qualifications and age, and abused power to ask the local [...]

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President encourages stricter management of foreign labor 

August 14, 2011
President encourages stricter management of foreign labor 

  Newly elected President Truong Tan Sang on Wednesday asked Vietnamese authorities and employers must better manage the country’s foreign workforce. Sang made the statement during a meeting with voters in Ho Chi Minh City after constituents in HCMC’s districts 1 and 3 voiced concerns over the increasing number of unlicensed Chinese workers in several [...]

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Vinashin joint venture targets revenue surge 

August 9, 2011
Vinashin joint venture targets revenue surge 

Hyundai-Vinashin Shipyard in the central province of Khanh Hoa. Hyundai Vinashin, a Vietnamese shipbuilding joint venture, has started work on three big ships for foreign buyers, targeting a 67 percent increase in revenues this year, the government said. The ships, with a height of between 15 and 18.6 meters, were ordered by one Turkish and [...]

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Nigeria, Shell under fire after UN details oil devastation 

August 6, 2011
Nigeria, Shell under fire after UN details oil devastation 

A picture taken in 2010 shows a man walking near the spilled crude oil on the shores and in the waters of the Niger Delta swamps of Bodo, a village in the famous Nigerian oil-producing Ogoniland. Nigeria’s government and oil giant Shell Friday came under heavy pressure following the release of a landmark UN report [...]

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Vietnamese developers look to JVs to meet capital needs 

August 3, 2011
Vietnamese developers look to JVs to meet capital needs 

Many developers are looking to form joint venture partnerships with foreign investors, CBRE says. More Vietnamese developers than ever before are seeking joint venture opportunities as cash flow is becoming a tough challenge, consulting firm CB Richard Ellis says in a new report. According to the CBRE Asia Pacific Investment ViewPoint report, this is happening because bank lending [...]

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Korean retailer E-Mart has big plans for Vietnam 

July 11, 2011
Korean retailer E-Mart has big plans for Vietnam 

An E-Mart outlet in South Korea South Korea’s top discount retailer E-Mart will set up a US$80 million joint venture with Vietnamese firm U&I to open 50 outlets in Vietnam’s largest cities in the next 20 years. The Korean company will contribute 80 percent of the capital for the venture whose investments will be gradually increased [...]

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VimpelCom ups investment in Vietnam mobile phone venture 

May 1, 2011
VimpelCom ups investment in Vietnam mobile phone venture 

Mobile phone network Beeline launched its service in Vietnam in July 2009 Russian telecom company VimpelCom has announced a plan to provide an additional US$500 million for its Vietnamese joint venture, GTEL-Mobile, through 2013. The company has completed the first stage of the financing plan by paying $196 million for newly issued shares, increasing its [...]

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Vietnamese developer plans to buy US properties 

January 19, 2011
Vietnamese developer plans to buy US properties 

Houses for sale in California. Local real estate and investment firm Tanimex said it will establish a joint venture with two other Vietnamese companies to do business in the US, mainly in the real estate sector. The joint venture, expected to be set up in California, will focus on real estate trading, said Tran Quang [...]

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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...