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In order to have money for the 100 Airbuses, VietjetAir will have to seek capital from different channels, including the export credit financing, commercial loans from foreign banks or initial public offering.
Capital oversupply alarmingly high, causing headache to bankers
The liquidity surplus of the whole banking system
has become alarmingly high. While the capital supply has been profuse,
the demand remains very weak, which has made bankers worried stiff.
Construction of Nghi Son Refinery delayed to September
The Chairman of Vietnam Oil and Gas Group (PetroVietnam) said the foreign
partners had settle $5 billion for the Nghi Son oil refinery project
but the construction will be kicked of in September, instead of July.
Investment capital in Vung Ro Oil Refinery rises to $3.2 billion
VietNamNet Bridge - On July 1, Chairman of Phu Yen Province signed
the adjusted investment certificate for the Vung Ro oil refinery
project, which will be kicked off in the third quarter of this year.
Who dares sell “big SOE guys”?
The equitization of state owned enterprises (SOEs) has got stuck.
Japanese investors seek enough of $5 billion for Nghi Son oil refinery
VietNamNet Bridge – The Japanese group - Idemitsu Kosan Corporation -
said on June 5 that the investors had received a financing agreement of
$5 billion from financial institutions for the Nghi Son oil refinery
project.
Huge steel project puts Quang Ngai into dilemma
The mammoth $4.5 billion steel project, which was considered the
pride and hope of Quang Ngai province, has turned out to be a big
disappointment as it has not taken any move forward so far.
Formosa wants to increase capital to $28.5 billion
VietNamNet Bridge - If this proposal is approved by the Government
and the People's Committee of Ha Tinh province, Formosa Ha Tinh will be
the largest foreign-invested project in Vietnam.
A tough road ahead for Nhon Hoi oil refinery
VietNamNet Bridge – Experts say they are not quite sure about the
feasibility of the Nhon Hoi oil refinery when asked about the prospect
of the project.
Vietnam told to beware of the “oil refinery movement”
Ninety percent of the source of income of the
Quang Ngai province comes from the Dung Quat Economic Zone which is
comprised of an oil refinery. This explains why many other localities in
the central region dream of having such refineries.
The end of the small scale hydropower plants
VietNamNet Bridge – The Ministry of Industry and Trade (MOIT) plans
to exclude 338 projects from the list of hydropower plant projects to be
developed nationwide.
Trillions of dong worth of capital left unused, wasted
Commercial banks have reported they have hundreds
of trillions of dong left in their coffers. Tens of trillions of dong
have been kept at securities accounts. Many enterprises suffer a
headache because they have nowhere to invest in.
Buildbank takes shape, raises controversy
Buildbank, the commercial bank which aims to
mobilize capital and lend money in the real estate and construction
sector, has been formed up.
State’s “super-corporation” also bears competition pressure
If another state’s capital management company
which would compete with the existing State Capital Investment
Corporation (SCIC) is set up as suggested, SCIC would no longer obtain
advantage.
BUSINESS IN BRIEF 19/5
Market for children’s goods, services exceeds US$5 bil./year; Vinacomin stands firm on bauxite projects; More staff recruited by realty brokerage firms; MVCorp cancels music download fee deal
Rescue agriculture production or estate market?
VietNamNet Bridge – Arguments have been raised about who the
government should gather strength to rescue, real estate developers or
farmers, if they both are sinking.
More businesses will die if they’re forced to raise workers’ wages
Businesses have voiced their concern over the
implementation of the new wage policy. Some of them said they would cut
down the labor force to cut down expenses.
Gold serves as a tool for central bank to regulate capital supply
Some 15 tons of gold has been sold by the State Bank of
Vietnam through bidding. It is estimated that VND15 trillion has been taken back
from the gold sale.
The ambitions cherished and the goals targeted by Vietnamese businesses
Vietinbank, which ranks the 1,764th in the Forbes Global
2000 hopes it can get in-grade promotion, while other Vietnamese businesses hope
their names would enter the list one day.
Part 2: Vietnam gets ready to receive Korean third investment wave
South Koreans have been flocking to Vietnam to invest in
the real estate, retail, logistics, consumer goods and electronics projects, the
business fields that they have great advantages.
