http://www.intellasia.net/news/english/ Asia's best news source Sat, 04 Jul 2009 09:04:45 PST en-us http://www.intellasia.net/news/articles/business/111268724.shtml Business The HCM City government is seeking drastic measures to cope with a huge flow of unlicensed foreign labourers, said director of Department of Labour, War Invalids, and Social Affairs Le Thanh Tam yesterday. Sat, 04 Jul 2009 07:00:00 PST http://www.intellasia.net/news/articles/business/111268724.shtml http://www.intellasia.net/news/articles/business/111268725.shtml Business Prime minister Nguyen Tan Dung has approved a master plan to build the region along the border with Cambodia into a major economic zone. Sat, 04 Jul 2009 07:00:00 PST http://www.intellasia.net/news/articles/business/111268725.shtml http://www.intellasia.net/news/articles/business/111268690.shtml Business Cambodian Civil Aviation Authority has announced its plan to officially open and put into operation the new national joint venture airlines between Cambodia and Vietnam called "Cambodia Angkor Airline" Fri, 03 Jul 2009 13:35:29 PST http://www.intellasia.net/news/articles/business/111268690.shtml http://www.intellasia.net/news/articles/business/111268689.shtml Business Ha Thanh Securities Joint Stock Co (HASC) and EVN Finance will cooperate in exchange of information, investment opportunities, securities consultancy, and bond issue underwriting (especially bonds of EVN and its members), according to a cooperation deal signed recently between two parties. Fri, 03 Jul 2009 13:34:22 PST http://www.intellasia.net/news/articles/business/111268689.shtml http://www.intellasia.net/news/articles/business/111268682.shtml Business Hanoi Construction Joint Stock Co under the Hanoi Post Office (Hacisco, coded HAS) estimates to reach revenue of 30 billion dong and after tax profit of 5.5 billion dong in Jan-June. Fri, 03 Jul 2009 12:10:02 PST http://www.intellasia.net/news/articles/business/111268682.shtml http://www.intellasia.net/news/articles/business/111268681.shtml Business Vietnam Petroleum Transport Joint Stock Co – VIPCO (coded VIP) estimated to achieve total revenue of 507.726 billion dong in the first six months of this year and pre-tax profit of 61 billion dong. Fri, 03 Jul 2009 12:09:13 PST http://www.intellasia.net/news/articles/business/111268681.shtml http://www.intellasia.net/news/articles/business/111268680.shtml Business PVC Hong Ha Joint Stock Co (PVC Hong Ha) plans to increase the company's chartered capital from 35 billion dong to 80 billion dong in order to maintain sufficient capital for doing business activities and implementing the current projects. Fri, 03 Jul 2009 12:08:17 PST http://www.intellasia.net/news/articles/business/111268680.shtml http://www.intellasia.net/news/articles/business/111268679.shtml Business Vietnam during the first half of 2009 had sent 33,435 workers abroad, over 30 percent of the year's target but down 17 percent year-on-year, reported Ministry of Labour, Invalid and Social Affairs' Overseas Labour Management Department. Fri, 03 Jul 2009 10:35:39 PST http://www.intellasia.net/news/articles/business/111268679.shtml http://www.intellasia.net/news/articles/business/111268675.shtml Business Dai Chau Joint Stock Co (coded DCS) has set target of reaching revenue of 66 billion dong and pre-tax profit and after tax profit of 8.8 billion dong and 6.6 billion dong respectively in 2009. Fri, 03 Jul 2009 10:29:13 PST http://www.intellasia.net/news/articles/business/111268675.shtml http://www.intellasia.net/news/articles/business/111268600.shtml Business The human resources survey announced on June 30 by Vietnam Chamber of Commerce and Industry (VCCI) shows that only nearly 15 percent of Vietnam's young labour underwent training and almost very few people gained high labour skills. Thu, 02 Jul 2009 12:39:59 PST http://www.intellasia.net/news/articles/business/111268600.shtml http://www.intellasia.net/news/articles/business/111268595.shtml Business International Food Joint Stock Co (IFS) has reported finishing the selling of its 70 percent capital in International Food Packing Co Ltd to Crown Packing Investment Pte, Ltd, reducing IFS's size in the subsidiary down to 20 percent. Thu, 02 Jul 2009 12:35:53 PST http://www.intellasia.net/news/articles/business/111268595.shtml http://www.intellasia.net/news/articles/business/111268594.shtml Business The HCM City Union of Trading Cooperative (Saigon Co.op) plans to open 10-12 additional Co.op supermarkets all over the country in 2009. Thu, 02 Jul 2009 12:35:01 PST http://www.intellasia.net/news/articles/business/111268594.shtml http://www.intellasia.net/news/articles/business/111268583.shtml Business Till the end of June, PetroVietnam Insurance Finance Investment Joint Stock Co (PVI Finance) had reached revenue of 65.574 billion dong and it earned profit of 26.268 billion dong. Thu, 02 Jul 2009 11:17:42 PST http://www.intellasia.net/news/articles/business/111268583.shtml http://www.intellasia.net/news/articles/business/111268582.shtml Business Power Engineering Consulting Joint Stock Co No 3 (PECC3) has announced that its revenue reached 22.78 billion dong in Q1 of 2009, an increase of 58.19 percent year-on-year; and it earned 922.12 million dong of profit after tax, up 56.22 percent against the same period last year. Thu, 02 Jul 2009 11:10:14 PST http://www.intellasia.net/news/articles/business/111268582.shtml http://www.intellasia.net/news/articles/business/111268534.shtml Business A Crown Holdings Inc. subsidiary bought a beverage can production facility near HCM City as it continues to expand in Vietnam. Thu, 02 Jul 2009 07:00:00 PST http://www.intellasia.net/news/articles/business/111268534.shtml http://www.intellasia.net/news/articles/business/111268535.shtml Business Representatives of JFE Steel Corp, the second largest Japanese steelmaker after Nippon Steel, have met with authorities of Quang Ngai Province to discuss a huge steel mill project in Dung Quat Economic Zone. Thu, 02 Jul 2009 07:00:00 PST http://www.intellasia.net/news/articles/business/111268535.shtml http://www.intellasia.net/news/articles/business/111268536.shtml Business Japanese automaker Nissan has said it sees "tremendous opportunities" in Vietnam and will begin local production next year, despite the global economic crisis. Thu, 02 Jul 2009 07:00:00 PST http://www.intellasia.net/news/articles/business/111268536.shtml http://www.intellasia.net/news/articles/business/111268504.shtml Business Ho Huy, chair of Mai Linh Group's management board has said that the company plans to narrow its list of investment projects by cancelling the ineffective ones. Wed, 01 Jul 2009 12:08:41 PST http://www.intellasia.net/news/articles/business/111268504.shtml http://www.intellasia.net/news/articles/business/111268492.shtml Business Prime Minister Nguyen Tan Dung has approved a plan of organising Vietnam Investment Forum in New York and some big economic hubs of US, which is one of the important investment attractions on Vietnam in the foreign country this year. Wed, 01 Jul 2009 11:53:45 PST http://www.intellasia.net/news/articles/business/111268492.shtml http://www.intellasia.net/news/articles/business/111268491.shtml Business The construction project of Hanoi-Nghe An Brewery was officially started in Zone B, Nam Cam Industrial Park, Nghi Loc Dist, Nghe An Province on June 30. Wed, 01 Jul 2009 11:52:18 PST http://www.intellasia.net/news/articles/business/111268491.shtml http://www.intellasia.net/news/articles/business/111268490.shtml Business Vietnam Steel Association (VSA) has announced that the country's consumption for construction steel continued increasing and retained at high level in the past few months. Wed, 01 Jul 2009 11:50:27 PST http://www.intellasia.net/news/articles/business/111268490.shtml http://www.intellasia.net/news/articles/business/111268485.shtml Business A Nielsen Co's research report titled "Omnibus" says that Vietnam is one of the countries having different types of consumers; especially there is a big difference between the Hanoi and HCM City (Saigon) consumers. Wed, 01 Jul 2009 09:09:02 PST http://www.intellasia.net/news/articles/business/111268485.shtml http://www.intellasia.net/news/articles/business/111268480.shtml Business Maritime Commercial Joint Stock Bank (Maritime Bank) has signed a cooperation contract with Sao Bac Dau Group in which the group would provide local network equipment and security systems for the bank. Wed, 01 Jul 2009 09:00:50 PST http://www.intellasia.net/news/articles/business/111268480.shtml http://www.intellasia.net/news/articles/business/111268404.shtml Business About 30 types of Chinese steel firms have shown interest to sell in Vietnam with the average price of 3,680 yuan ($583) per tonne, of which 30 percent is construction steel. Tue, 30 Jun 2009 12:10:09 PST http://www.intellasia.net/news/articles/business/111268404.shtml http://www.intellasia.net/news/articles/business/111268403.shtml Business In the first half of 2009, Saigon Jewellery Joint Stock Co (SJC) has exported total 8.3 tonnes of gold for $247.2 million, up 324 percent year-on-year and equalling to 208 percent of last year's total gold export turnover of $118.78 million. Tue, 30 Jun 2009 12:09:21 PST http://www.intellasia.net/news/articles/business/111268403.shtml http://www.intellasia.net/news/articles/business/111268402.shtml Business After nine months from being licensed, Great Eastern, the Singaporean-Malaysian largest insurance joint venture ohas btained Vietnamese Ministry of Finance's approval to increase its chartered capital by 230 billion dong. Tue, 30 Jun 2009 12:07:54 PST http://www.intellasia.net/news/articles/business/111268402.shtml http://www.intellasia.net/news/articles/business/111268388.shtml Business Vietnam-Italy Steel Joint Stock Co (coded VIS) has decided to contribute 102 billion dong to establish Song Da Steel Mill. With this contributed capital, VIS has become the largest shareholder in the mill with a shareholding of 51 percent in the chartered capital. Tue, 30 Jun 2009 10:09:24 PST http://www.intellasia.net/news/articles/business/111268388.shtml http://www.intellasia.net/news/articles/business/111268357.shtml Business More Japanese investors are eyeing business in Vietnam, but choose mergers and acquisitions (M&A) as a vital path to enter the market or expand their existing business, executives from the accounting firm Deloitte Vietnam said. Tue, 30 Jun 2009 07:00:00 PST http://www.intellasia.net/news/articles/business/111268357.shtml http://www.intellasia.net/news/articles/business/111268333.shtml Business Vietnam Gold Trading Centre and Agribank Gold Corp have officially made the debut of Agribank AJC Vina floor operating under the continuous matching order. Mon, 29 Jun 2009 13:40:26 PST http://www.intellasia.net/news/articles/business/111268333.shtml http://www.intellasia.net/news/articles/business/111268319.shtml Business Vietnam Shipbuilding Industry Group (Vinashin) has reported that it has been able to maintain the year-on-year growth rate of 25 percent during the first five months of 2009. Mon, 29 Jun 2009 11:52:12 PST http://www.intellasia.net/news/articles/business/111268319.shtml http://www.intellasia.net/news/articles/business/111268318.shtml Business Dong A Plastic Group JSC's third plastic factory covering nearly 10,000 square metres in Tan Tao Industrial Zonr, HCM City has become operational with total investment cost of nearly 30 billion dong and the designed capacity of 100,000 square metres of plastic a year. Mon, 29 Jun 2009 11:49:20 PST http://www.intellasia.net/news/articles/business/111268318.shtml http://www.intellasia.net/news/articles/business/111268317.shtml Business The 22,500 tonnage cargo ship named Lucky Star was launched on June 28 evening in Hai Phong City by Bach Dang Shipbuilding Industry Corp. Mon, 29 Jun 2009 11:48:16 PST http://www.intellasia.net/news/articles/business/111268317.shtml http://www.intellasia.net/news/articles/business/111268311.shtml Business Quang Tri Province People's Committee and ROLI Investment Joint Stock Co have officially started the construction work of ROLI-Quang Tri Cement plant with capacity of 1.2 million tonnes per year in Cam Tuyen Commune, Cam Lo Dist, Quang Tri province. Mon, 29 Jun 2009 11:37:22 PST http://www.intellasia.net/news/articles/business/111268311.shtml http://www.intellasia.net/news/articles/business/111268310.shtml Business Hanoi Stock Exchange (HNX) has announced the business report of Doan Xa Port Joint Stock Co (coded DXP) in the first five months of this year on June 26, in which the company's revenue in Jan-May was posted at 57.8 billion dong, up 75% year on year and pre-tax profit of 21 billion dong, increasing 141% against last year. Mon, 29 Jun 2009 11:36:32 PST http://www.intellasia.net/news/articles/business/111268310.shtml http://www.intellasia.net/news/articles/business/111268300.shtml Business Hau Giang Pharmaceutical Joint Stock Co (coded DHG) has announced that the company's accumulative revenue in the first five months of 2009 was posted at 645 billion dong on which it earned pre-tax profit of 72 billion dong, up 3.7 percent and 2.7 percent respectively compared with the same period last year. Mon, 29 Jun 2009 11:25:30 PST http://www.intellasia.net/news/articles/business/111268300.shtml http://www.intellasia.net/news/articles/business/111268299.shtml Business Song Da Infrastructure Construction Joint Stock Co (Sico) has announced that in Q1 its revenue from sales and services touched 12.03 billion dong, and on which it earned profit after tax of 843.24 million dong. Mon, 29 Jun 2009 11:24:39 PST http://www.intellasia.net/news/articles/business/111268299.shtml http://www.intellasia.net/news/articles/business/111268158.shtml Business Binh Thuan Province People's Committee has issued the investment license for the three projects with total investment capital of about 1.173 trillion dong namely Ham Tien Complex of Trade Centre, Apartments and Villas. Fri, 26 Jun 2009 12:26:25 PST http://www.intellasia.net/news/articles/business/111268158.shtml http://www.intellasia.net/news/articles/business/111268157.shtml Business Lim Chin Ming, general director of Dyechem Alliance Vietnam Co Ltd has informed that the company has opened a new chemical plant in Long Hau industrial zone, Long An province with the total investment capital of $2.5 million. Fri, 26 Jun 2009 12:25:39 PST http://www.intellasia.net/news/articles/business/111268157.shtml http://www.intellasia.net/news/articles/business/111268154.shtml Business Work on a paint factory invested by Thai Eason Urai Paint Co Ltd in Noi Bai-Hanoi industrial zone started on June 23 by the EPC contractor Vinaconex 1. Fri, 26 Jun 2009 12:22:25 PST http://www.intellasia.net/news/articles/business/111268154.shtml http://www.intellasia.net/news/articles/business/111268153.shtml Business OPC Pharmaceutical Joint Stock Co has announced to achieve 99.22 billion dong of revenue and 21.14 billion dong of pre-tax profit in the first five months of this year. Fri, 26 Jun 2009 12:21:39 PST http://www.intellasia.net/news/articles/business/111268153.shtml http://www.intellasia.net/news/articles/business/111268143.shtml Business Acecook Vietnam Joint Stock Co, a well-known instant noodle manufacturer in Vietnam has signed a cooperation pact with Kirin Group, Japan to establish Kirin Acecook Vietnam Beverage Co Ltd and to invest $60 million in construction project of a beverage factory in Binh Duong province. Fri, 26 Jun 2009 10:30:34 PST http://www.intellasia.net/news/articles/business/111268143.shtml http://www.intellasia.net/news/articles/business/111268105.shtml Business Unilever Vietnam Joint Venture Co. has become 100 percent foreign-owned after Unilever's acquisition of 33.33 percent of the shares in the joint venture from its local partner Vietnam National Chemical Corporation (Vinachem). Fri, 26 Jun 2009 07:00:00 PST http://www.intellasia.net/news/articles/business/111268105.shtml http://www.intellasia.net/news/articles/business/111268106.shtml Business The first Vietnamese-made Vespa scooter will be introduced today at the opening ceremony of Vietnam Piaggio factory in Binh Xuyen Industrial Park in the northern province of Vinh Phuc, the company said yesterday. Fri, 26 Jun 2009 07:00:00 PST http://www.intellasia.net/news/articles/business/111268106.shtml http://www.intellasia.net/news/articles/business/111268107.shtml Business Local steel manufacturers are facing mounting pressure from cheap steel increasingly imported from regional countries such as Malaysia, Indonesia and Thailand, which poses tough challenges to locally-made steel products, said an official of the Vietnam Steel Association (VSA). Fri, 26 Jun 2009 07:00:00 PST http://www.intellasia.net/news/articles/business/111268107.shtml http://www.intellasia.net/news/articles/business/111268069.shtml Business Ministry of Industry and Trade reported that to date, three Vietnamese firms have been licensed to franchise overseas, namely Duc Trieu Trading and Service Private Enterprise (T&T), Pho 24 Production, Trading and Service Joint Stock Co (Pho 24 restaurant) and Vu Giang Ltd Co with the trade name of Café Bobby Brewers. Thu, 25 Jun 2009 12:18:16 PST http://www.intellasia.net/news/articles/business/111268069.shtml http://www.intellasia.net/news/articles/business/111268066.shtml Business Mercer College, specialising in training and development, looks Vietnam as one of the most potential markets in terms of business expansion with high competitiveness, Dan Mitchell, chief of Mercer College-Asean region said in a statement during his Vietnam visit between June 19 and 23. Thu, 25 Jun 2009 12:13:49 PST http://www.intellasia.net/news/articles/business/111268066.shtml http://www.intellasia.net/news/articles/business/111268056.shtml Business Vietnam Air Petrol Co (Vinapco) has again requested Indochina Airlines (ICA) to pay debts otherwise Vinapco will stop providing fuel to ICA. Thu, 25 Jun 2009 10:16:37 PST http://www.intellasia.net/news/articles/business/111268056.shtml http://www.intellasia.net/news/articles/business/111268014.shtml Business State oil monopoly PetroVietnam said on Tuesday it had signed a contract to use tanker operator PV Trans as the exclusive shipper of oil products from Vietnam's first oil refinery. Thu, 25 Jun 2009 07:00:00 PST http://www.intellasia.net/news/articles/business/111268014.shtml http://www.intellasia.net/news/articles/business/111267982.shtml Business Vietnam's retail market that had jumped three grades in 2008, has now fallen from the top five attractive retail markets, according a latest study and ranking list of A.T.Kearney. Wed, 24 Jun 2009 11:40:41 PST http://www.intellasia.net/news/articles/business/111267982.shtml http://www.intellasia.net/news/articles/business/111267978.shtml Business At the meeting with northern investors in Melia Hanoi Hotel on Monday, Doan Nguyen Duc, chair of Hoang Anh Gia Lai Joint Stock Co (HAGL) confirmed that his company will likely earn a profit of over 1.4 trillion dong in 2009 (Jan-May profit of HAGL has already touched 612 billion dong). Wed, 24 Jun 2009 11:36:41 PST http://www.intellasia.net/news/articles/business/111267978.shtml