The HCM City Export Processing and Industrial Zones Authority (Hepza) has said it will likely revoke the licenses of some 80 projects of both domestic and foreign investors this year due to long delays or ineffective operations. A Hepza document obtained by the Daily says it will this month alone cancel eight slow-moving projects, having revoked investment licenses of seven projects in the first half of the year, including one foreign-invested project. Hepza said the seven revoked projects were either ineffectively operating or having breached rules, such as illegal use of land for other purposes.

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Hepza says will cancel 80 stagnant projects this year

Maritime Commercial Joint Stock Bank (Maritime Bank) – Binh Duong Branch inked a $25 million credit agreement with Ascendas-Protrade Co Ltd yesterday in Binh Duong province. Under the signed contract, Maritime Bank would provide credit for the foreign partner to carry out the first and second phase of construction project on Singapore Ascendas-Protrade Tech Park (APSTP).

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Maritime Bank funds $25m for Singapore Ascendas-Protrade Tech Park project

VNStockNews.com – Petro VietNam – Nghe An Investment & Trading Joint Stock Co (PVIT) on May 20 decided to assign Nghe An Petroleum Construction Joint Stock Co (PVA) [whose 81 percent is held by PVIT] to carry out the 157 billion bidding package on completing and installing equipments for PetroVietnam Nghe An building project capitalised at total 650 billion dong. The construction is expected to

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PVA assigned to carry out 157bln dong bid of equipment installation

VNStockNews.com – State Securities Commission (SSC) has recently issued a Certificate No 550/UBCK-GCN approving Nam A Commercial Joint Stock Bank (NamABank) to offer shares to the public. Accordingly, the bank will issue 74,716,338 ordinary shares at the face value of 10,000 dong per share to the existing shareholders.

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NamABank allowed to offer shares

VNStockNews.com – The State Bank of Vietnam (SBV)’s governor on April 19 issued a Decision No 956/QD-NHNN allowing Vietnam Commercial Joint Stock Bank for Industry and Trade (VietinBank-CTG) to issue long term valuable papers in 2010 totalled at 15 trillion dong and $800 million. Under it, VietinBank must carry out the issuance in accordance with the Decision No 07/2008/QD-NHNN dated March 24,

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VietinBank to issue 15tr dong of valuable papers in 2010

VNStockNews.com – Construction Machinery Joint Stock Co No 18 (Coma 18) closed shareholders list on March 15 for collecting opinions in document about issuing additional 6 million shares at ratio of 1:1 with the purpose of increasing chartered capital from 60 billion dong to 120 billion dong.The offered price was posted at 11,000 dong per share.The company planned to carry out the plan in Q2 of

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Coma 18 increases chartered capital to 120b dong

VNBusinessNews.com – The Kuwait Fund for Arab Economic Development has agreed to provide Vietnam with US$14 million in loans to carry out the Cha To – Muong Tung road construction project in Dien Bien province. …

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Kuwait Fund loans Vietnam US$ 14 million – Vietnam Business Finance

The Kuwait Fund for Arab Economic Development has agreed to provide Vietnam with US$14 million in loans to carry out the Cha To – Muong Tung road construction project in Dien Bien province. The Kuwait Fund for Arab Economic Development Head Office An agreement to this effect was signed in Hanoi on March 12 by Deputy Finance Minister Tran Xuan Ha and Kuwait Fund Deputy Director General Hesham Al-Waqayan.

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Kuwait Fund loans Vietnam US$ 14 million

Lilama 45.4 Joint Stock Co (HNX coded L44) reported signing a 165 billion dong deal with China Aluminium International Engineering Corp Limited (Chalieco) to carry out the Lam Dong bauxite aluminium project within this quarter. Accordingly, Chalieco will supply and install equipments and pipeline to L44’s Lam Dong bauxite project in Loc Thang Township, Bao Lam Dist, Lam Dong highland province. Share or Bookmark this post:

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Lilama subsidiary signs bauxite mining deal in highland

VNStockNews.com – Phu Nhuan Jewellery Joint Stock Co (coded PNJ) registered to purchase 2.1 million SFC coded shares or 26 percent of chartered capital of Saigon Fuel Joint Stock Co.

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PNJ registers to buy 2.1m SFC coded shares