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The Governor of the State Bank of Vietnam (SBV) has approved proposals from three commercial banks to allow them to exceed their chartered capital by 15% on loans to the Huoi Quang hydro-power project in the mountainous northern province of Lai Chau.
The threat of a four-day power disruption has eased for companies based in the Hiep Phuoc Industrial Park in HCM City’s Nha Be District after the HCM City Electricity Co switched on a 22KV transmission line to supply power on July 23.
HSBC Bank (Vietnam) Ltd. on Wednesday (01 July 2009)opened its branch in Binh Duong Province, the first banking outlet by the wholly foreign-owned lender outside Hanoi and HCMC.
A conference to promote the flow of investment into the Red River Delta provinces of Nam Dinh and Thai Binh will be held on August 5, said organisers on July 30.
Vietnam’s first mobile joint venture operator, GTel Mobile last week announced the commercial launch of international mobile network Beeline Vietnam – the seventh mobile network in the country.
Local steel producers recently complained to the prime minister that they could not borrow US dollars from banks to import scrap steel and iron, crucial materials for billet manufacturing.
Sets of climate change adaptation maps for three areas in Mekong Delta’s Can Tho city are being created by the end of the month.
The satisfactory profit commercial banks got in the first half of the year (H1) has made people think that banks will have an easy six months ahead. However, difficulties are predicted for banks in the second half of the year.
The Ministry of Culture, Sports and Tourism (MoCST) seems to be delighted with the recent two advertising campaigns for Vietnam’s tourism on the BBC and 27 taxi London in the UK. However, many travel companies doubt the effects of these campaigns.
The Government has urged relevant agencies to hasten the preparation for two key projects in the Mekong Delta, one to dig a canal to receive large vessels from the East Sea into the country’s biggest rice basket and one to build the Duyen Hai thermo power center in Tra Vinh Province.
Vietnam has found it extremely hard to make its 2009 export target a reality given the protracted economic difficulties both at home and abroad, heard a Ministry of Industry and Trade conference in HCMC on Monday (27 July 2009).
Figures by the General Staticstics Office (GSO) of Viet Nam reported that the investment capital under the state budget, which was carried out in July reached more than VND 13.36 trillion (USD 835 mil), raising the figure in the first seven months this year to VND 70.94 trillion (USD 4.43 bil), 49.3%...
