Vinacomin

Update news Vinacomin

Vietnam’s industrial policies worse than some African countries: experts

Africa is thought to be more underdeveloped than Vietnam and Asia, but some countries have better industrial policies than Vietnam, according to Professor Kenichi Ohno, a Japanese expert.

Vinacomin can’t find coal buyers as buyers shun contracts

VietNamNet Bridge – The Vietnam Coal and Mineral Industries (Vinacomin) Group plans to sell 35 million tons of coal domestically, but its most loyal customers are hesitant to sign contracts.

BUSINESS IN BRIEF 16/1

Vietnamese bank invests in five-star hotel in Laos;  HCMC agricultural restructuring brings many successes; Power group continues proposing power price increase; VN moves to improve ship standards; WB keeps Vietnam’s GDP growth at 5.6 percent in 2015

Vietnam still seeking right way to import coal

VietNamNet Bridge – Importing coal is clearly a must for Vietnam but the country is still unclear about the best way to do it.

BUSINESS IN BRIEF 25/12

Vietnam allows Uber, but under strict monitoring; Vinacomin set to produce 38 million tonnes of coal next year; US investment fund to inject US$300 mil into Vietnam; New firms on Ha Noi Stock Exchange enjoy growth

BUSINESS IN BRIEF 7/12

 US investment at US$248 million in 11 months; Japanese bank helps facilitate investment in Vietnam; Vinacomin sets new record in pit excavation; Phu Yen licenses luxurious tourism project; 80% investment in real estate projects come from banks

Vinacomin rakes in $76m from divestment

VietNamNet Bridge – The Viet Nam National Coal and Mineral Industries Holding Corporation has gained VND1.6 trillion from the divestment of three companies in its non-core businesses this year.

BUSINESS IN BRIEF 15/10

Credit quality of Vietnam banks has improved: Moody's; Steel firms need tax cut roadmap; Real estate tax arrears reach $190m in Ha Noi; Rise in M&A deals stir up nation's property market; Vinacomin expects 10% rise in profits to $57.1 million

BUSINESS IN BRIEF 14/10

Vietnam moves closer to 148 bln USD export goal; Nestle sets up 37 mln USD production facility in Dong Nai; Vietnamese goods hold sway in domestic market; Vehicle sales keep up growth momentum in September

Vinacomin pockets $71m from divestments

VietNamNet Bridge – The Viet Nam National Coal and Mineral Industries Holding Corporation (Vinacomin) has gained VND1.5 trillion from the completion of its divestment of five companies in its non-core businesses.

Vinacomin says losses at bauxite project will last four years

 VietNamNet Bridge – The Vietnam Coal and Mineral Industries Holding Corporation (Vinacomin) has said that its Tan Rai bauxite mining and processing project in the Central Highlands will incur losses for up to four years

BUSINESS IN BRIEF 20/8

 Foreign funds reap gains of buying domestic stocks; Hanoi to host TPP talks in September; Brokers undeterred by August fears; Australian cattle export to Vietnam up 9,000 pct; Local livestock industry faces import pressure

BUSINESS IN BRIEF 18/7

 Vinalines takes losses for 5th consecutive year; Vietnam becomes ideal market for beer producers; New State-owned enterprises must focus on critical areas; HCM City:Exponential retail growth on the horizon

BUSINESS IN BRIEF 4/7

 Sugar inventories up over 56,000 tonnes; Investors keen on Vinatex’s shares; State bank toughens stance on capital issues; Over 2.37 trillion VND for developing high-tech agriculture

BUSINESS IN BRIEF 5/6

Few Vietnamese businesses open to outsourcing study; More domestic consumers put purchases on credit; East Sea dispute encourages consumption of Vietnamese goods, deputy minister; Dubai group looks to invest in Vietnam

Chairs of biggest state-owned groups to be replaced

 VietNamNet Bridge - A number of key leaders of state-owned enterprises will retire this year, according to Deputy Minister of Industry and Trade Do Thang Hai. The appointment of new chairs will be decided by Prime Minister Nguyen Tan Dung.

BUSINESS IN BRIEF 24/4

 Southern industrial zones need revamp; Transport firms can pay road fee in installments; Vinacomin reports low turnover; Violations rampant in state-funded projects; CMC Infosec, Bkav offer free Heartbleed checks

EVN works to reduce losses

 VietNamNet Bridge – Facing capital shortages, Electricity Viet Nam (EVN) has asked national coal group Vinacomin and PetroVietnam to invest in power plants, EVN deputy general director Dinh Quang Tri tells Vnexpress.

BUSINESS IN BRIEF 25/1

State Audit announces 2014 shortlist; Positive signals for shrimp exports to Japan; Vinacomin’s power plan goes into overdrive; Formosa eyes import tax break; Ground breaks at new titanium plant

BUSINESS IN BRIEF 16/1

 Vinacomin focuses investment on key projects; Shrimp exports to China increase sharply; Agricultural exports to rise sharply in 2014; Taxation sector asked to help remove obstacles for business