Archive for March 4th, 2005
Great Eastern sets up in Hanoi
Great Eastern, the biggest life insurance corporation of Singapore and Malaysia, on March 2 officially opened a representative office in Hanoi following reception of license [...]
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HSBC opens Hanoi branch
Hong Kong Shanghai Banking Corp (HSBC) on March 2 officially inaugurated Hanoi branch located at 23, Phan Chu Trinh street, Hoan Kiem district. Reportedly, the first branch [...]
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EAB announces targets
Eastern Asian Bank (EAB) has organised the 14th shareholder meeting in HCM City in which it announced its performance targets for this year. EAB targets deposits of 6.5 [...]
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Hanoi customs receipts reach 565.2b dong
Hanoi Customs Department said that total revenue from import-export duties in the first two-months in Hanoi reach 565.2 billion dong, a rise of 19% year-on-year of which [...]
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Banks post high chartered capital increase yoy
Up to the present, total chartered capital of the state-owned banks has reached 16.96 trillion dong, showing a year-on-year rise of 5%, reports by the Vietnam Banking [...]
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FIE exports rise 27.33%
According to the Ministry of Planning and Investment, exports of foreign invested enterprises in the first two-months was estimated at US$2.401 billion (crude oil inclusive), [...]
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Steel corporation to equitise 5 subsidiaries
Following the scheme on rearrangement of state owned enterprises in 2005-2006 approved by the prime minister, Vietnam Steel Corp (VSC) this year is scheduled to equitise five [...]
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EC funds US$3.46m for scientific projects
The European Commission (EC) will fund 4.5 million euro (US$5.9 million) for 15 science research projects. Beneficiary projects of Vietnam are bio-technology, info-tech, [...]
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Brewers face up to win market share
Many breweries in the country have announced substantial investment plans to ramp up production which would see total beer output nationwide to 2.5 billion litres by 2010. [...]
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Vietnam Airlines to provide onboard telecom services
Deputy minister of post and telecommunication Le Nam Thang said on March 1 that the Ministry of Post and Telecommunication has approved a plan of providing telecommunication [...]
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Footwear export revenue estimated at US$3.5b in 2005
The Ministry of Trade estimates that footwear export revenue will reach US$3.5 billion in 2005, an increase of some 30% year-on-year. Of the amount, income of footwear export [...]
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US$30m spent on upgrading S-Fone network
Saigon Post and Telecommunications Joint stock Corp (Saigon Postel) will invest US$30 million for upgrading and expansion of S-Fone mobile phone network in 2005, said Truong [...]
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La Perla plans luxury villas
Holland La Perla Living Group plans to develop luxurious villas at coastal areas of Vietnam. The group has developed many projects of luxurious villas at coastal, mountainous [...]
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Packaged deals for offices
Property companies in Hanoi have focused on developing package deals to rent out office space for the increasing demand on consultancy, law and trade representative offices. [...]
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Cisco to inaugurate 14th network institute in Vietnam
Cisco systems will open its 14th networking institute in Vietnam at the Hanoi University of Technology. Like other Cisco-recognised networking institutes, the new Cisco Bach [...]
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