Meanwhile, the Ministry of Transport sided with the Road Directorate, stressing that poor construction quality was the culprit, while Minister Nguyen Van The twice issued warnings to the VEC for several shortcomings associated with this expressway project, from construction quality to failure to ensure traffic safety. … [Read more...] about Five more expressway contractors suspected of construction violations
Corporate bonds
Deutsche Bank’s restructuring not expected to harm Vietnam market
The logo of Deutsche Bank building in Amsterdam. The German lender's latest decision to remove global equities unit from its business portfolio may not impact the Vietnamese market.- AFP Photo German Deutsche Bank early this week announced it will axe its global equities unit, cut some fixed-income operations and lay off around 18,000 staff as part of its restructuring plan. … [Read more...] about Deutsche Bank’s restructuring not expected to harm Vietnam market
BUSINESS NEWS HEADLINES FEB. 19
Nguyen Duyen Cuong, deputy general director of Binh Son Refining and Petrochemical JSC (BSR), the operator of the Dung Quat oil refinery, told VIR that as China occupies 17 per cent of global GDP, the fall in oil price caused by the health crisis will keep impacting the local petroleum industry. The oil refineries in the whole world estimate to cut 3-5 per cent capacity, affecting petrochemicals. … [Read more...] about BUSINESS NEWS HEADLINES FEB. 19
