Sunday , November 24 2024

Business

Business

Petrovietnam eyes $18.5 bln refinery

Oil and gas giant Petrovietnam is seeking permission from the government to build a $17-18.5 billion refinery and crude oil storage complex in southern Vietnam amid an expected domestic fuel shortage. The project, to be located in Ba Ria – Vung Tau Province, will be developed in two phases, with …

Read More »

VN-Index drops four-session gain streak

VN-Index drops four-session gain streak

Vietnam’s benchmark VN-Index ended its gaining streak with a 0.13% drop to 1,273.66 points Thursday. The index closed 1.62 points lower after gaining 23.21 points in four previous sessions. Trading on the Ho Chi Minh Stock Exchange fell by 13.14% to VND15.35 trillion ($655.99 million). The VN-30 basket, comprising the …

Read More »

DTS launches platform for Vietnamese technology startups

DTS Digital Transformation Alliance has supported dozens of startups in technology, and is accompanying thousands of businesses through their digital transformation and journey into the Metaverse. In the global context of Industry 4.0, digital transformation is the biggest opportunity and challenge for businesses. To carry out digital transformation and develop …

Read More »

Fire engulfs UNESCO-recognized Hue imperial academy

A fire erupted at an ancient building inside Hue Imperial Academy, burning down many wartime artifacts inside. On Wednesday afternoon, the flames quickly spread from the building on August 23 Street in Hue Town that displays artifacts from the war against French colonialism, sending columns of smoke up dozens of …

Read More »

HAGL fined for giving loans to chairman, shareholders

HAGL fined for giving loans to chairman, shareholders

The State Securities Commission said it has fined agricultural company HAGL VND245 million (US$10,470) for giving loans to shareholders, including its chairman, and filing delays. The company gave them loans worth hundreds of billions of dong last year, including more than VND100 billion to chairman Doan Nguyen Duc, who owns …

Read More »

IFC buys bonds worth $25.6 mln from Vietnamese agri firm

IFC buys bonds worth $25.6 mln from Vietnamese agri firm

The World Bank’s International Finance Corp will buy VND600 billion ($25.6 million) worth of convertible bond to be issued by Vietnamese pork producer and feed mill operator BaF. The private placement is expected to be done during this half to fund the expansion of BaF’s farm and food businesses, the …

Read More »

Novartis, FPT Long Chau partner to support cardiovascular patients

Novartis Vietnam and FPT Long Chau pharmacy chain signed an agreement on Monday to implement the “Heart Protection” project to improve the quality of healthcare for cardiovascular patients in Vietnam. With this signing ceremony, Novartis and FPT Long Chau launched a comprehensive partnership focusing on strengthening the consultation capability of …

Read More »