foreign investors crowd evn genco 3 ipo

Foreign investors crowd EVN Genco 3 IPO

Numerous foreign investors registered to buy the 36 per cent stake put on offer to a strategic investor in Power Generation Corporation 3 (EVN Genco 3) of Electricity of Vietnam (EVN). 
electricity price increases by 608 per cent from today

Electricity price increases by 6.08 per cent from today

The retail selling price of electricity officially increased by 6.08 per cent to VND1,720 per kWh, excluding value-added tax (VAT), from December 1.
nghi son refinery and petrochemical complex in a rush to complete construction

Nghi Son refinery and petrochemical complex in a rush to complete construction

Nghi Son Refinery and Petrochemical (NSRP) complex has accelerated the construction of its unfinished stages aiming to meet the schedule and take the project into commercial operation in the first quarter of 2018.
honda vietnam makes bank on vietnamese motorcycle market

Honda Vietnam makes bank on Vietnamese motorcycle market

The convenience of riding a motorcycle and Vietnamese people’s admiration for Honda vehicles are bringing a mountain of profit to the company, with each year’s  profit figures doubling or tripling on-year. Particularly, Honda’s after-tax profit peaked in 2016, reaching the billion-dollar mark.
moit scraps nearly 500 hydropower projects

MoIT scraps nearly 500 hydropower projects

468 medium- to small-scale hydroelectric plants situated in hilly areas were struck off the national power development programme in the 2011-2020 period due to economic constraints as well as the incompetence and irresponsibility of investors and project managers.
ban phuc nickel suspends operations due to massive losses

Ban Phuc Nickel suspends operations due to massive losses

Ban Phuc Nickel Mines Limited Liability Company (BPNM) has decided to suspend the operations of Ban Phuc Nickel mine until September 30, 2018 due to the company’s massive losses.
pm requires alternatives for thach khe iron ore mining

PM requires alternatives for Thach Khe iron ore mining

Government agencies and the Ha Tinh People’s Committee were assigned by the prime minister to hand in recommendations the Thach Khe iron ore mining project before October 5.
wind power projects may take to sky through fit hike

Wind power projects may take to sky through FiT hike

The Ministry of Industry and Trade’s proposal to increase the feed-in tariff (FiT) of wind power is expected to take projects currently on paper into implementation.
low feed in tariff freezes wind power projects

Low feed-in tariff freezes wind power projects

Although wind power development is considered a great potential sector in Vietnam, investors have been hesitant to develop new or expand their existing projects due to the low regulated selling price of wind power lengthening the time to recover investment capital by a significant margin.
disappointing revenues from bauxite alumina projects

Disappointing revenues from bauxite-alumina projects

Despite the initial positive economic performance analysis, alumina-aluminium projects in the Central Highlands province of Dak Nong have produced disappointing results, returning only a fraction of the expected budgetary revenues.
vinacomin divestment sees avid foreign interest

Vinacomin divestment sees avid foreign interest

Vietnam National Coal and Mineral Industries Group (Vinacomin) plans to decrease its holding in Vinacomin-Power Holding Corporation to 65 per cent from the current 99.68 per cent.
foreign investors gunning for petroleum retail market

Foreign investors gunning for petroleum retail market

JX Nippon Oil & Energy is receiving close to $15 million in the first year after acquiring Petrolimex shares. This, coupled with the fact that there are 29 petroleum import-export distributors in Vietnam, makes the petroleum retail market especially lucrative.
jx nippon oil energy investment in petrolimex bears fruit in first year

JX Nippon Oil & Energy investment in Petrolimex bears fruit in first year

With the pay-out ratio of 32.24 per cent, each shareholder of Vietnam National Petroleum Group (Petrolimex) will receive VND3,224 ($0.14) per share. The petroleum giant will pay a total of VND3.736 trillion ($165.7 million) in cash dividends for 1.16 billion outstanding shares.
new decree on car imports sends conflicting message

New decree on car imports sends conflicting message

In contrast to the usual encouragement of industrial localisation and job creation for Vietnamese citizens in developing the manufacturing industry and supporting industries, the draft decree on conditions for auto manufacturing, assembling, importing, and maintenance and warranty business recently uploaded on the website of the Ministry of Industry and Trade (MoIT) to gather public opnion, is “loosening” restrictions on the import of completely-built units (CBUs).  
moit proposing to import coal

MoIT proposing to import coal

As the return on equity (ROE) of coal enterprises has plummeted during the 2011-2016 period, while imported coal surged significantly, a trend that shows no signs of stopping, the Ministry of Industry and Trade (MoIT) has proposed arranging imported coal and reducing the pressure on domestic coal production.