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Business Briefs November 10

10-Nov-2016 Intellasia | | 1:30 PM

* Duc Long Gia Lai Group Company (DLG) plans to issue 199.19 million shares in a private placement for shareholders at a 1:0.9 ratio at VND 1 0,000 each. DLG attained revenue [...]
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Cashew prices are about to go nuts

10-Nov-2016 Intellasia | Vnexpress | 6:00 AM

Prices of raw nuts hit a 10-year high in October as demand surged. Demand for cashew nuts has skyrocketed over 50 percent since 2010, industry data showed. Meanwhile, the [...]
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Bankrupt shipping firm leaves containers in Vietnam

10-Nov-2016 Intellasia | DTI News | 6:00 AM

Bankrupt South Korean shipping giant Hanjin has left up to 4,122 containers at HCM City ports, said the Vietnam Maritime Administration (Vinamarine). According to Vinamarine, [...]
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SCIC takes over State stakes in eight waterway management units

10-Nov-2016 Intellasia | The Saigon Times | 6:00 AM

The Ministry of Transport on November 7 transferred the right to State ownership at eight inland waterway management companies over to State Capital Investment Corporation [...]
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Vinalines’ ports show poor progress

10-Nov-2016 Intellasia | VIR | 6:00 AM

Bucking the trend of seaport growth nationwide, joint venture ports between Vietnam National Shipping Lines and its foreign partners have suffered poor performances in [...]
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Vietnam to get new $2.3b power plant

10-Nov-2016 Intellasia | Bizhub | 6:00 AM

The Ministry of Industry and Trade (MoIT) yesterday signed an agreement with Japanese Marubeni Company and South Korean KEPCO Company for the Nghi Son 2 [...]
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Rebuilding old condos needs transparency, consensus

10-Nov-2016 Intellasia | The Saigon Times | 6:00 AM

Transparency and consensus between the municipal government, businesses and residents on site clearance, construction and resettlement are needed to accelerate the upgrade of [...]
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VN thermal power plants need hi-tech interventions

10-Nov-2016 Intellasia | VNA | 6:00 AM

Coal-fired thermal power plants should focus on technology renovation so as to minimise environmental pollution, given that thermal power will provide much of Vietnam’s [...]
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Vingroup to develop Thu Thiem sports and entertainment complex

10-Nov-2016 Intellasia | Vneconomictimes | 6:00 AM

Group to invest more than $300 million in complex in HCM City’s District 2. The HCM City People’s Committee has officially approved Vingroup as the developer of [...]
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HCM City-Dau Giay expressway to be extended towards Da Lat next year

10-Nov-2016 Intellasia | The Saigon Times | 6:00 AM

Work will start on a 60-km road section next year to extend the current HCM City-Long Thanh-Dau Giay Expressway towards Da Lat City in Lam Dong Province, said a source from [...]
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Haraco launches express freight train

10-Nov-2016 Intellasia | The Saigon Times | 6:00 AM

Hanoi Railway Transport Joint Stock Company (Haraco), a subsidiary of Vietnam Railways Corporation (VNR), on November 7 launched a new express freight train between Hanoi and [...]
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EVN deep in the red

10-Nov-2016 Intellasia | The Saigon Times | 6:00 AM

Bank loans taken out by Vietnam Electricity Group (EVN) had reached some VND475.36 trillion (US$21.3 billion) by end-June and the State-owned firm must pay VND38 billion in [...]
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Transport Ministry divests from 8 firms

10-Nov-2016 Intellasia | VNS | 6:00 AM

The Ministry of Transport has handed over its stake in eight Vietnam Inland Waterway Administration enterprises to the State Capital Investment Corporation (SCIC). These [...]
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High growth potential for VN steel

10-Nov-2016 Intellasia | Bizhub | 6:00 AM

The country’s steel industry has great development potential, according to the Vietnam Steel Association. Speaking at a seminar titled “Vietnam’s steel [...]
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Airlines oppose service fee hike

10-Nov-2016 Intellasia | Bizhub | 6:00 AM

The Civil Aviation Authority of Vietnam (CAAV) has proposed to hike aviation service fees by 15 to 40 per cent from 2017. The proposal, submitted to the transport ministry, [...]
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