Quang ninh

Hanoi (VNS/VNA) - Some UPCOM-listed companies are enjoying stable earnings brought by joint ventures they established with foreign partners, but their core businesses remain insignificant. These joint ventures are usually foreign direct investment (FDI) projects in which State-owned enterprises contribute capital and land use rights, while foreign companies contribute money and technology. The Vietnam Engine and Agricultural Machinery Corporation (VEAM), which makes engines, agricultural machinery, automobiles and motorbikes, possesses major stakes in three joint ventures, namely Honda Vietnam (30 percent), Toyota Vietnam (20 percent) and Ford Vietnam (25 percent). VEAM's profits mainly come from these three joint ventures. The firm's plentiful revenue from financial activities was also thanks to the dividends collected from its joint ventures. The 2018 financial statements showed net revenue from the main business activities of VEAM reached 7.07 trillion VND (304.2 million USD), … [Read more...] about UPCOM-listed companies largely rely on joint ventures

At least VND700 billion worth of work on the dam on Tra Khuc River downstream has been implemented, but the project is likely to stop temporarily because of many problems. The project is also facing a lack of money. Contractors still have not been paid for the work they have implemented. … [Read more...] about Quang Ngai: huge dam project at risk of drifting into sea

According to Truong Thi Hong Hanh, director of the Da Nang Department of Tourism, the test results would be available on August 11. At present, approximately 1,700 visitors, the majority of whom are from Ho Chi Minh City and Hanoi, remain stuck in Da Nang. … [Read more...] about COVID-19: Six more cases, one more death recorded

The 115-kilometer-long expressway, running from an intersection of Tan Thanh border gate in Van Lang District of Lang Son Province and ending at an intersection of Tra Linh border economic zone in Cao Bang Province, will be implemented as a public-private partnership (PPP) project. … [Read more...] about Vietnam approves $905 mln expressway linking two border provinces

The 115km expressway connects the Northern mountainous provinces of Lang Son and Cao Bang. Photo: baodautu The 115km expressway connects the Northern mountainous provinces of Lang Son and Cao Bang. It will have four lanes and allow vehicles to ply at 80 km per hour. … [Read more...] about PM approves investment plan of Dong Dang – Tra Linh expressway