BIDV and Vietcombank have been increasing their charter capital mostly thanks to the sale of shares to foreign investors. BIDV in a very short time of 2019 began applying Basel II standards. BIDV and Vietcombank have been increasing their charter capital mostly thanks to the sale of shares to foreign investors. BIDV in a very short time of 2019 began applying Basel II standards. … [Read more...] about VN banking sector: The ‘big four’ struggle to raise charter capital
Bank business line of credit
The respective amounts of holding of Singapore’s sovereign wealth fund GIC and Credit Suisse Singapore Branch at VCM Services and Trading Development Company (VCM), the operator of the Vinmart chain, have been reported at 0%, according to data at the Vietnam National Business Registration Portal. … [Read more...] about Singapore’s GIC, Credit Suisse no longer hold shares of Vinmart operator?
Hanoi (VNS/VNA) - Experts believe the State's issuance of ownership certificates for non-residential real estate projects will solve existing difficulties in Vietnam’s real estate market. The Ministry of Natural Resources and Environment last week issued new guidelines about the land use regime and the certification of non-residential construction works, such as condotels. “These new guidelines bring positive signals to Vietnam’s real estate market at the start of this year, especially for hospitality developers and investors,” Su Ngoc Khuong, Senior Director of Investment, Savills Vietnam, told Vietnam News. “If the guideline is officially implemented, it will provide great support and leverage for the hospitality sector.” Hospitality investors have two main sources of income: selling second-home villas and condotels, and entertainment activities and leisure services in their projects. Currently, as the revenue of hospitality services has … [Read more...] about Experts eye fix for condotel woes
Hanoi (VNS/VNA) - Vietnam could cease to have an operating train system in less than two weeks unless a funding issue at the Vietnam Railways Corporation (VNR) is resolved, an official has said. The stunning revelation came this week when Vu Anh Minh, Chairman of the VNR's Member Council, spoke at a meeting between the Government’s working group and the Committee for Management of State Capital at Enterprises (CMSC). The railway operator hasn't received a single VND from the State since November 2018, when a change in how it was managed stopped the flow of cash, leaving the corporation without a budget for vital railway maintenance. The VNR used to be under the management of the Ministry of Transport but in November 2018, it was transferred to the CMSC, as part of efforts to separate State capital management from corporate administration. Before the transfer, annual budget estimates allocated to the VNR for maintenance work were made by the transport ministry, which can no … [Read more...] about Train services derailed by funding chaos
The wind power plant located in Vinh Phuoc Ward in Vinh Chau Town in Soc Trang Province is invested by the BPP Vinh Chau Wind Power, a subsidiary of Banpu Power Company of Thailand. The wind power project has a total capacity of 65 MW. It is expected that the project will be put into operation from 2020 to 2021. Of which, the total investment for the first stage is more than VND1.36 trillion for the install of seven wind turbines with a capacity of 29.4 MW. Once coming into operation, the power plant will be connected easily to the national power grid via the existing 110-KV power lines and the 110-KV station in Vinh Chau Town. Soc Trang Province has many advantages in geographical location and natural conditions for the development of wind power. The province has given priority to call for investment for 21 wind power projects during the period from 2017 to 2020. Up to now, the construction of three projects has been started. Mr. Tran Van Chuyen, Chairman of the People’s … [Read more...] about Soc Trang Province starts construction of 65 MW wind power plant