providing tailwind to vietnamese power plants

Providing tailwind to Vietnamese power plants

General Electric Renewable Energy is known as the world’s leading supplier of wind turbines, with a diversified portfolio of onshore and offshore turbines and the latest technology to foster wind power development.
oil giant courts talisman

Oil giant courts Talisman

The state oil and gas firm PetroVietnam expects to sign a contract this month with Talisman, Canada’s largest independent oil and gas company, to explore oil and gas in block 15-2/01 in Cuu Long basin, off the southern coast of Vietnam.
pm khai firm on wto entry date

PM Khai firm on WTO entry date

Prime Minister Phan Van Khai last week confirmed Vietnam’s determination to enter the World Trade Organisation (WTO) by the end of this year as foreign donors questioned whether there is political consensus among the country’s leaders.

Giant oil refinery project hits sticky patch

An oil refinery planned for Phu Yen province is stuck in limbo because the project’s developers have yet to secure the necessary contracts to buy and sell oil in Vietnam.

MPI rallying call to attract fresh EU, US investment

Vietnam should encourage a substantial rise in direct investment from American and European Union investors by opening up key sectors including banking, financial services and telecommunications, said the Ministry of Planning and Investment (MPI).

PetroVietnam faces up to troubled Ca Mau project

The Government Office has asked PetroVietnam to re-evaluate the feasibility of the troubled $493-million Ca Mau fertiliser project and devise measures to curb escalating costs.

Marsh ends 10 year wait to enter local insurance market

The leading insurance brokerage firm in the US, Marsh Inc, last week ended a decade-long wait to become the second American insurer to receive an operating licence in Vietnam.
bnp paribas in landmark credit deal

BNP Paribas in landmark credit deal

France’s leading bank group, BNP Paribas, has become the first foreign bank to provide a complete package of credit to a local joint stock company.
vietnam set for insurance boost

Vietnam set for insurance boost

The Ministry of Finance will submit the first draft of a decree on mutual insurance to the government this month as an initial step in the development of the business, which is new to Vietnam.

KNOC sinks $600m into oil projects

South Korean oil corporation KNOC is to invest another $600 million to develop separate oil field and pipeline projects off the coast of Vung Tau in southern Vietnam.
parkson to push into retail market

Parkson to push into retail market

One of Malaysia’s largest retail chains is seeking government approval to open its first shopping mall in Vietnam.Parkson, the retailing arm of the Lion Group that already operates 36 malls in China, wants to open a 2,000-square-metre retail centre and supermarket on the corner of Dong Khoi and Le Thanh Ton streets, the two major shopping highways in Ho Chi Minh City.

Mitsubishi wins out in $3bn energy project

Mitsubishi has been named the key partner in the $3 billion Nghi Son refinery and petrochemical project, PetroVietnam announced last week.
mutual insurance law ready to review

Mutual insurance law ready to review

A draft law allowing mutual insurance companies to operate in Vietnam has been completed and will be reviewed by the finance ministry and foreign insurance companies later this month.
cigarette logos in public places go up in smoke

Cigarette logos in public places go up in smoke

Cigarette logos displayed on promotional items have been banned by the government.
indorama netherlands to acquire ngoc nghia plastics

Indorama Netherlands to acquire Ngoc Nghia Plastics

Indorama Netherlands B.V. (IVL) announced plans to buy Ngoc Nghia Plastics JSC, a leading enterprise in the plastic packaging industry.