petrolimex subjected to millions of usd of fines

Petrolimex subjected to millions of USD of fines

The Government Inspectorate of Vietnam has proposed that the government fine Petrolimex for VND1.2 trillion ($54 million) and an additional $310,000 for misuse of capital and funding between 2010 and mid-2013, besides a range of other punitive measures.
ministry signs mou with finnish fund

Ministry signs MoU with Finnish fund

The Ministry of Science and Technology (MOST) signed a Memorandum of Understanding (MoU) with the Finnish Funding Agency for Technology and Innovation (TEKES). The agrement promotes cooperative research and technology transfers between Vietnamese and Finnish companies and research institutes.
solar power plant green lit

Solar power plant green-lit

Korea’s Power Plus Doosung Vina has just received an investment certificate to build a 30-megawatt solar power plant in the central province of Binh Thuan, adding much-needed funding into the renewable energy sector in Vietnam.
new zealand crowdfunding campaign saves remote beach

New Zealand crowdfunding campaign 'saves' remote beach

A New Zealand man behind an ambitious crowdfunding campaign that raised millions of dollars to buy a privately-owned South Island beach said on Friday he was stunned at its success.
world health officials mobilise emergency plans against zika threat

World health officials mobilise emergency plans against Zika threat

World health officials mobilised with emergency response plans and funding pleas on Tuesday as fears grow that the Zika virus, blamed for a surge in the number of brain-damaged babies, could spread globally and threaten the Summer Olympics.
ips to see more foreign funding

IPs to see more foreign funding

Foreign investment in HCM City's industrial parks and export processing zones is expected to rise this year as Viet Nam is scheduled to sign the Trans-Pacific Partnership (TTP) on February 4, according to the HCM City Industrial Parks and Export Processing Zones Authority (HEPZA).
key border gate ezs selected for development

Key border-gate EZs selected for development

The PM approved the development of nine key border-gate economic zones (EZs) in the 2016-2020 period with funding sourced from the State budget.
start ups to receive strong iip support from 2016

Start-ups to receive strong IIP support from 2016

Viet Nam's projects involved in the development of the start-up ecosystem will receive funding and human resource assistance from the Viet Nam-Finland Innovation Partnership Programme Phase Two (IPP2) in 2016.
global economic events cause cds spread spikes

Global economic events cause CDS spread spikes

Sovereign credit default swap or CDS spreads measure the yield, not including their funding cost, that global investors require in order to take on the risk of investing in a country’s government bonds. CDS spreads can be impacted not only by events within a country but also by global events that make the country seem more or less risky relative to other investment destinations.
civil aviation growth an opportunity for private infrastructure investment

Civil aviation growth an opportunity for private infrastructure investment

With funding needs rising commensurately with the rapid growth of Viet Nam's aviation industry, there is an opportunity for private sector participation in developing air infrastructure.
way out proposed to propel major expressway firm restructuring

Way-out proposed to propel major expressway firm restructuring

Vietnam’s largest state-owned expressway developer has proposed a funneling capital between projects to address its recent funding deficiency problems. 
exxonmobil provides support for operation smile in vietnam

ExxonMobil provides support for Operation Smile in Vietnam

Through funding and volunteers, ExxonMobil helps bring smiles to the face of Vietnamese children born with facial deformities.
world economy impacts on credit default swaps

World economy impacts on credit default swaps

Sovereign credit default swap (CDS) spreads measure the yield, not including their funding cost, that global investors require in order to take on the risk of investing in a country’s government bonds. 
british shoe seller tries to crowdfund greek bailout

British shoe seller tries to crowdfund Greek bailout

A shoe shop worker has raised more than US$500,000 in a crowdfunding campaign to help Greece meet its €1.5 billion IMF debt repayment deadline. 
eu parliament in surprise vote for conflict minerals ban

EU parliament in surprise vote for 'conflict minerals' ban

European legislators unexpectedly voted in favour of a law requiring firms to ensure they do not use so-called conflict minerals from Africa and other areas that end up funding warlords.