Companies

Illustrative image (Source: VNA) Hanoi (VNA) – Deputy Prime Minister Trinh Dinh Dung has highly appreciated Ireland-based Mainstream Renewable Power’s interest in renewable energy in Vietnam, especially its investment in an offshore wind farm in the southern province of Soc Trang. At a reception for Andy Kinsella, Chief Executive Officer of the company, in Hanoi on November 21, Dung said Vietnam has paid due heed to developing green energy. The Vietnamese Government has issued specific mechanisms for the development of each kind of renewable energy, including the review of wind power price, he said, adding that the exploitation and use of renewable energy will help Vietnam diversify and control supply sources while protecting the environment and realising its commitments to reducing greenhouse gas emissions in the Paris Agreement. Regarding the wind farm in Soc Trang, the Deputy PM suggested the Irish company cooperate with domestic firms and use local products … [Read more...] about Deputy PM lauds Irish company’s investment in wind power

VietBank will issue shares for its existing shareholders and employees to raise its capital to 181 million USD. (Photo: VNA)   Hanoi (VNS/VNA) - The Vietnam Thuong Tin Commercial Joint Stock Bank (VietBank) targets to list its shares on the Unlisted Public Company Market (UPCoM) within a year of increasing charter capital to more than 4.25 trillion (181 million USD) in 2018. According to a resolution released recently, VietBank will issue shares for its existing shareholders and employees to raise its capital by more than 1 trillion VND (42.5 million USD). Nearly 91 million shares for existing shareholders and more than 9.7 million ESOP (employee stock ownership plan) shares will be offered at the price of 10,000 VND a piece, based on the bank’s book value of 10,247 VND per share by December 31, 2017. Existing shareholders and the bank’s employees will be allowed to buy the shares at the ratio of 100:28. Existing shareholders can transfer the right … [Read more...] about VietBank to raise charter capital before listing on UPCoM

All 13 provinces in the Mekong Delta region are seeking investment in 128 culture, sports and tourism projects at an investment promotion conference today, September 4.  A view of Cai Rang floating market, one of the tourist attractions in the Mekong Delta city of Can Tho. All 13 provinces and cities in the region are seeking investment in 128 culture, sports and tourism projects - PHOTO: VNA Preferential policies to attract investors will be put in place. An Giang Province expects to raise funds for 24 projects, while the province of Bac Lieu will call for investment in 20 projects and Kien Giang will seek funding for 15 projects, according to the organizing board. Of the megaprojects, a mangrove eco park project in Ba Dong Sea in Tra Vinh Province is in need of over VND1.3 trillion, while an ecotourism zone project on the Tan Loc river islet in Can Tho City requires VND915 billion, and a shopping mall and entertainment complex project in An Giang is seeking VND900 billion … [Read more...] about Vietnam’s Mekong Delta seeks investment in tourism facilities

At the event (Photo: Bnews) The discussion was jointly held by the Vietnam Chamber of Commerce and Industry (VCCI), Alibaba Group, and OSB Investment and Technology Joint Stock Company. During his opening speech, Vice Chairman of the VCCI Doan Duy Khuong emphasised that the EVFTA will present a wealth of opportunities and provide fresh impetus to Vietnam's economic development and export businesses. Immediately after the EVFTA comes into force, the EU has pledged to abolish 85.6 per cent of Vietnam’s tariff lines, equivalent to 70.3 per cent of the country’s current exports to the bloc. Along with talks regarding the trade deal, participants discussed the trend of shifting from traditional business to digital platforms, which has become increasingly popular and is widely considered to be a useful solution to help businesses expand into new export markets. The seminar provided an array of useful information regarding the EVFTA for firms in attendance, knowledge about … [Read more...] about Seminar highlights digital transformation in boosting exports

A lab safety show at Analytica Vietnam 2017. — Photo analyticavietnam.com The event, which will run until April 5 at Saigon Exhibition and Convention Centre, will include the participation of 140 exhibitors from 15 countries and territories including Germany, the US, Japan, the UK, France, Russia, the Republic of Korea, China and India. Analytica is one of the activities to promote the development of the hi-tech market and help local organisations and individuals directly access foreign suppliers of modern equipment to avoid risks in commercial transactions and technology transfer. The upcoming event is co-organised by the National Agency for Science and Technology Information under the Ministry of Science and Technology and Germany’s Messe Munchen Group. Organisers described the event as a good opportunity for scientific and technological organisations, associations and businesses as well as analysis, testing and diagnostic facilities to gain access to the latest … [Read more...] about HCM City to host Analytica Vietnam 2019