Merchant banking vs investment banking

Renewable energy in Viet Nam is expected to grow at 23 per cent annually during 2020-30.- VNA/VNS PhotoDDai Hai Power Investment and Development SJC to fund its VND1 trillion Srepok Solar 1, which has a designed output of 50MW. Vietcombank has recently approved a VND785 billion (US$33.55 million) loan for the BP Solar 1 project, which has total investment capital of VND1.2 trillion with designed output of 46MW in the south central coast province of Ninh Thuan. The bank last month also signed a contract with the Dai Hai Power Investment and Development SJC to fund its VND1 trillion Srepok Solar 1, which has a designed output of 50MW. Another bank – HDBank – has so far also planned to set aside up to VND7 trillion for the construction of green energy projects from now to 2020. Under HDBank’s plans, it will lend to projects which were approved by the Government and reach their commercial operation date before June 30, 2019. To qualify for the bank’s loans, … [Read more...] about Banks race to fund green energy projects

Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019. (Photo: tinnhanhchungkhoan.vn) HCM City (VNA) – Remittances to Ho Chi Minh City are expected to reach some 5.3 billion USD in 2019, a year-on-year surge of 9 percent, despite unfavourable global financial and monetary market, according to Deputy Director of the State Bank of Vietnam’s Ho Chi Minh City branch Nguyen Hoang Minh. Minh said that Vietnamese expatriates remitted roughly 4.3 billion USD to the southern hub as of the end of November. The flow of money has played an important role in economic development as well as stability of foreign currency supply in the city, he stressed. Vietnam was expected to remain one of the top ten remittance recipients in 2019, according to the latest edition of the World Bank’s Migration and Development Brief. Around 16.7 billion USD in remittances was projected to flow into Vietnam for the full year, making the Southeast Asian country the … [Read more...] about Remittances to HCM City expected to pick up 9 percent

Friday's Tale Chaotic condotel business By Son Nguyen Thursday,  Dec 5, 2019,20:42 (GMT+7) Chaotic condotel businessBy Son Nguyen All are in a mess – for State agencies, localities, businesses, and property buyers – after the owner of the property project Cocobay in Danang City announced that it could no longer live up to its promise of paying an annuity of 12% for buyers of its condotel units. The shockwave is felt, not only because of the extent of imminent damages caused by the project’s failure as Cocobay is probably the biggest condotel project in the country. Rather, it is because the collapse of this business model at Cocobay is seen having a domino effect on a business sector that has shot to “stardom” lately. Confusion is also seen as authorities rush to handle projects that are now moving to brinksmanship in the absence of a legal framework. The collapse, say experts, is just a matter of … [Read more...] about Chaotic condotel business

HCMC Vietnam’s coffee king still leads Trung Nguyen Group following divorce The Saigon Times Daily Thursday,  Dec 5, 2019,20:04 (GMT+7) Vietnam’s coffee king still leads Trung Nguyen Group following divorceThe Saigon Times Daily Dang Le Nguyen Vu, founding chairman and general director of Trung Nguyen Group, and his ex-wife, Le Hoang Diep Thao – PHOTO: PLO HCMC – Dang Le Nguyen Vu, 48, founding chairman and general director of Trung Nguyen Group, continues to lead his coffee empire as he formally ends his marriage to 46-year-old Le Hoang Diep Thao. After four days of deliberations and proceedings, the HCMC Superior People’s Court made its final ruling in the court of appeals today, December 5. Thao and some of her lawyers were absent, while Vu was in court early, according to local media reports. The panel of judges turned down the appeals of the newly divorced couple and accepted part of … [Read more...] about Vietnam’s coffee king still leads Trung Nguyen Group following divorce

HCMC Vietnam’s so-called coffee king appeals divorce case The Saigon Times Daily Thursday,  Apr 11, 2019,13:18 (GMT+7) Vietnam’s so-called coffee king appeals divorce caseThe Saigon Times Daily Dang Le Nguyen Vu and Le Hoang Diep Thao are seen in this combination photo – PHOTO: VIETNAM FINANCE HCMC – Dang Le Nguyen Vu, 48, founding chairman and general director of Vietnamese coffee giant Trung Nguyen Group, and his ex-wife Le Hoang Diep Thao, 46, have appealed their high-profile divorce case. The HCMC People’s Court told the local media on Wednesday that Thao is seeking to overturn the entire verdict as she wants to be reunited with Vu, often referred to as the coffee king. She also disagrees with the court’s decision to split the couple’s shared assets in Trung Nguyen 60:40 in Vu’s favor and give him the rights to manage the group. Meanwhile, Vu appealed against the … [Read more...] about Vietnam’s so-called coffee king appeals divorce case