capital

Update news capital

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.