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Nevertheless, the rating agency noted, Fitch believes that currency transfer and convertibility risks, as reflected in Viet Nam's country ceiling of 'BB', could represent a significant constraint on ANZV's ability to receive support from its Australia-based parent. This is reflected in the support rating of '3' that indicates a moderate probability of support from its higher-rated Australia-based parent, in times of need. ANZV's long-term foreign currency IDR is capped at the Vietnamese country ceiling. … [Read more...] about BUSINESS NEWS HEADLINES JAN. 24

South Korean companies are coming to Vietnam to discover opportunities in power generation South Korea’s power 0market is approaching the point of saturation with little room for growth left. Meanwhile, Vietnam is still focusing on developing its power grid, including hydro-, thermal-, and renewable power to deal with overloaded power transmission lines and sub-stations. Furthermore, South Korean corporations win almost all engineering procurement and construction (EPC) contracts for power projects in Vietnam, especially for thermal power projects like Duyen Hai, Song Hau, Na Duong, Vinh Tan, and Pha Lai. … [Read more...] about South Korean power solution providers eye Vietnam

However, the match with JDT will be a great challenge for SLNA as the Malaysian squad are very strong. They are the first team in the country to win four consecutive league titles (2014, 2015, 2016, and 2017). Before this achievement, no team had ever won the league championship more than twice in a row since the league system was first introduced in Malaysia in 1979. They also won the 2015 AFC Cup. … [Read more...] about Thanh Hoa lose to Yangon United at AFC Cup

Drought, saltwater intrusion loom in Vietnam's Mekong Delta The Mekong Delta plans to grow this year’s winter – spring rice crop early since drought and saltwater intrusion are forecast to be severe in the dry season starting at the end of this year. … [Read more...] about Saltwater intrusion in Mekong Delta to ease by April

Deputy Chief Inspector of the Government Bui Ngoc Lam on January 22 signed a statement on conclusions of an inspection into the management and use of VND2.2 trillion in debts which the Vietnam Oil and Gas Group (PVN) paid back to Vinashin, and VND4.1 trillion that the Government had advanced to Vinashin for its restructuring plan. … [Read more...] about Probe into Vinashin losses urged