January 6, 2012
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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December 2, 2011
BIDV's shares will be listed on the Ho Chi Minh Stock Exchange next year. Bank for Investment and Development of Vietnam, the country’s third-largest lender, plans to sell a 3 percent stake in an initial public offering this month as the government revives state asset sales amid slumping stock prices. BIDV will hold the IPO, [...]
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November 19, 2011
Russia’s No.2 crude oil producer LUKOIL said it would partner with Vietnam’s Petrovietnam in exploring oil and gas at home and abroad, the fourth Russian firm to invest in the Southeast Asian nation’s oil and gas industry. The Russian firm signed a memorandum of understanding with Vietnam’s state oil and gas group in Moscow [...]
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November 7, 2011
Following the discovery, the newborn was rushed to intensive care where he remains in a stable condition. Health authorities in south China said Friday they were investigating a hospital medical team for mistakenly diagnosing a stillbirth and disposing of a baby that was alive. The probe is taking place at the Nanhai Red Cross [...]
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November 3, 2011
Vietnamese Prime Minister Nguyen Tan Dung signed agreements with Japanese counterpart Yoshihiko Noda to provide Japan with rare-earth minerals used in hybrid cars and wind turbines and to cooperate on a nuclear project. Japan agreed to cooperate on exploration, mining and processing of rare earths, starting with the Dong Pao project in Vietnam’s Lai [...]
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October 11, 2011
Vietnam cut diesel and kerosene prices by as much as 1.9 percent as it strives to tame Asia’s fastest inflation. Diesel prices were reduced to VND20,400 (98 cents) from 20,800 dong per liter, and kerosene prices were cut to 20,200 dong from 20,500 per liter, the Ministry of Finance said in a statement on [...]
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August 15, 2011
Gasoline prices have been kept unchanged The Finance Ministry has issued a statement standing by its decision to keep prices of petroleum products unchanged, saying a price cut is only an option after import taxes are raised. The statement, jointly issued with the Ministry of Industry and Trade, came amidst public disappointment over the news [...]
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July 12, 2011
Twelve foreign banks will join hands to lend more than $1.46 billion to Mong Duong 2 coal-fired power plant in northern Vietnam, the plant’s operator said on Monday. The first disbursement is expected next month for the $1.95 billion 1,240-megawatt plant in the coal hub province of Quang Ninh, AES-VCM Mong Duong Power Co [...]
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July 2, 2011
Da Lon Island, Truong Sa Archipelago, Vietnam Officials of Vietnam and China have agreed to peacefully solve the two countries’ disputes through negotiation to maintain peace in the East Sea, according to a joint statement. The statement, published on Vietnam News Agency website Sunday, said Vietnamese Deputy Minister of Foreign Affairs Ho Xuan Son met [...]
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July 2, 2011
International experts urge action to back rhetoric as China and Vietnam pledge to solve East Sea disputes peacefully Sixty-two-year old Nguyen Van Ai of the central Binh Dinh Province prepares for an offshore fishing trip. Ai owns four large fishing boats and together with six sons, two sons-in-law and 75 other fishermen, head out [...]
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