HN — Eximbank (EIB) has invested about VND1.6 trillion (US$76.2 million) in Sacombank (STB) and can control Sacombank's board of company directors, Eximbank chairman Le Hung Dung stated on Sunday in the EIB investors meeting.EIB presently holds 9.73 percent of equity in STB, and Dung stated EIB had received authorisation using their company investors representing an overall total of 53 percent of STB's charter capital.At Sunday's meeting, EIB investors also approved the dismissal of Pham Huu Phu from his
The Federal Government released a p-cree a week ago on the support package worth VND29 trillion (US$1.38 billion) to assist businesses revitalise production. Numerous measures including deferment of worth-added tax (VAT), corporate tax cuts, together with land-use fee and business licence tax exemptions, will be relevant to certain businesses. Viet Nam News reporters spoken to experts concerning the move.Vu Nhu Thang, director from the Secretary of state for Finance's Financial Strategy and Policy
Phu My Bridge in HCM City. The town intends to give priority to incomplete projects, such as the road liking the bridge to Ha Noi Highway. — VNA/VNS Photo Kim Phuong HCM CITY — HCM City looks revisit its earlier high-growth path carrying out a lull this season when growth rates have dipped dramatically.In a conference held lately to approve key tasks for that second quarter, city government bodies considered measures to improve rate of growth
HN — A partnership between Viet Nam's PetroVietnam Exploration and Production Corp (PVEP) and Venezuela's Oil Corp (CVP), referred to as Petromacareo, formally pumped the very first gallons of business oil in the PDV-39 Drilling Platform in Venezuela on Thursday.The woking platform is situated at Block Junin 2 in eastern Venezuela's Orinoco River Delta, 800km from the capital of Caracas.The big event was observed by Vietnamese Deputy Pm Hoang Trung Hai along with other senior authorities of these two
The value of retail sales and services dropped by 2.5 percent last month compared to January to 186.463 trillion VND (8.8 billion USD), announced the General Statistics Office (GSO).
New businesses brought 30.66 trillion VND (1.46 billion USD) in registered capital to the nation in February, up 69 percent in value and 10 percent in volume over January, according to the General Statistics Office (GSO).
As Vietnam continues to open up its insurance market further, allowing foreign non-life insurance companies to set up branches in the country, domestic firms will have to improve their act to cope with stronger competition, industry insiders say.
As Vietnam continues to open up its insurance market further, allowing foreign non-life insurance companies to set up branches in the country, domestic firms will have to improve their act to cope with stronger competition, industry insiders say.
Phung Gia Loc, General Secretary of the Association of Vietnamese Insurers (AVI), said domestic non-life insurance companies will have to face more rivals with greater advantages this year.
President Truong Tan Sang on Jan. 16 visited the headquarters of the Vietnam National Oil and Gas Group (PetroVietnam) to deliver seasonal greetings to its leader and staff members.
South Korea's Samsung Group announced it would invest a record 47.8 trillion won (US$41.56 billion) this year and hire an all-time high of 26,000 new employees despite global economic gloom
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