Cement industry loses loan guarantees

The Government had guaranteed foreign loans worth US$1.36 billion for 16 State-owned cement companies out of whom Dong Banh, Thai Nguyen, Tam Diep and Hoang Mai companies were facing financial problems and could not repay, said the Minister of Finance, Vuong Dinh Hue, during a press meeting in Ha Noi on Thursday.

Realty firms post unsatisfactory business results in Q1

Six companies operating in the real estate sector have recently announced the business results in the first quarter of this year.

Kinh Do to list on London exchange

Kinh Do Corporation (KDC) last year successfully merged with its offshoots North Kinh Do (NKD) and Ki Do Joint Stock Co., or Kido’s. After the merger, Kido’s and NKD have become KDC’s subsidiaries and operate as one-member limited liability companies.

Investors from Japan seek opportunities

JETRO plans to hold a trade fair in Ha Noi from September 15 to 17. “Japanese companies always require high-quality products from partners. If Vietnamese companies meet Japanese standards, they will also meet the strict requirements of other countries in the world.”

Companies caught sending spam SMS

According to the investigators from the Ministry of Information and Communications, the Vietnam Computer Emergency Response Team (VNCERT) and the Hanoi police, EMOBI uses Nokia 3110C cellular phones and a software called SMS Caster to deliver ads about their gambling and fortune-telling services to thousands of mobile phone users.

Readers celebrate Viet Nam Book Day

The day, entitled Reading Books for Tomorrow, was supported by publishing houses, companies and bookstores, who agreed to discount one book by 20-30 per cent. Activities were held to connect readers with writers and instruct students how to choose books. There was a cover illustration contest, a talk on reading culture and speed reading, performance poetry, a favourite books competition and other activities.

Local firms seek alternative investment abroad

Experts say GDRs are a merely derivative product and don’t affect directly domestic shares or interests of shareholders right here in Vietnam. On the other hand, listing on important stock exchanges through GDRs only helps to market Vietnamese companies to foreign investors. However, not all Vietnamese companies are financially strong enough to follow this route.

Exports to Japan remain strong

Contrary to initial forecasts that Viet Nam's exports to Japan have dropped sharply after the latter was hit by an earthquake and tsunami, Vietnamese companies, especially seafood exporters, are very busy completing contracts to export to Japan, according to Ly Van Thuan, general secretary of the Ca Mau Province's Association of Seafood Exporters and Processors. Orders from Japanese partners to import Vietnamese commodities, including food, rose sharply in recent days, with prices still at high levels, Thuan said.

Banks rush to set up offshoots

In the last shareholder meeting, VietABank said it would establish a number of affiliated companies such as property trading and services companies, banking service providers and especially financial investment company.

Medicine prices soar on higher costs

Producers and importers blame the price hikes on VND depreciation and higher operating costs. The Hanoi Department of Health said, since early this year, it has received reports of numerous pharmaceutical companies raising their prices.

Guest workers from Libya recruited by domestic companies

The ship carrying the last group of 1,100 Vietnamese workers from Libya is scheduled to dock at Cai Lan port, Quang Ninh province, on April 4. 70 percent of the total 10,000 workers are aged 21-30 and half of them had worked in Libya for over one year.

Toyota Vietnam admits technical flaws, rules out recall

Toyota is the largest carmaker in Vietnam. It sold 2,223 units in February. Innova, in particular, is a popular model in the country, used widely by many taxi companies.

First Inclusive Business Investment Forum held in Vietnam

The Ministry of Planning and Investment (MPI), the Asian Development Bank and the Netherlands development organization (SNV) organized the forum jointly. The event aimed to discuss possible investment opportunities, promote an exchange between companies interested in “Inclusive Business (IB)” and possible financial institutions and set up the Inclusive Business Fund in Vietnam.

Pune shakes hands with Vietnam on investment

A 13-member Vietnamese delegation that visited Pune recently got an overwhelming response from business houses in Pune. Many companies explored various investment options and incentive schemes available to start their project in Vietnam.

Petro Vietnam to stabilize fertilizer market

According to statistics, the country requires around 800,000 tons of fertilizer for the winter-spring crop. Currently companies have over 750,000 tons of stock ready to meet the increasing demand without inflating the price.

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