What attracts foreign investors to a country

Investors salivate as overseas bond issue draws near (18-08-2007) HA NOI — Foreign investors are expressing enthusiasm for an upcoming US$1 billion Government bond issue by Viet Nam to be carried out on the overseas market next month, under a plan ratified by the Prime Minister Nguyen Tan Dung in June. "This bond issuance is indeed attractive and I know that demand from offshore investors is very high," said a senior foreign bank executive, who requested anonymity in a phone interview yesterday. "Actually, we are eager to buy them. The success of the Government bond issue in 2005 was very impressive." The bonds will have 15- or 20-year maturities and includes Government debentures and Government-backed corporate bonds. The issues will be carried out and underwritten with the co-operation of Citibank and Deutsche Bank. "The 2007 issue is expected to go smoothly as we have already learnt very precious experience from the first successful issue in October 2005, when we raised $750 … [Read more...] about Investors salivate as overseas bond issue draws near

Prime Minister Nguyen Xuan Phuc (R) receives RoK Foreign Minister Kang Kyung-wha in Hanoi on March 9 (Photo: VNA) Hanoi (VNA) – Vietnam and the Republic of Korea (RoK) are developing cooperation in many traditional aspects very well, and they should expand their ties to other fields in the time ahead, Prime Minister Nguyen Xuan Phuc told RoK Foreign Minister Kang Kyung-wha in Hanoi on March 9. The host leader said the two countries’ cooperation has been developed in a rapid, effective and trustworthy manner. While political ties have been reinforced, economic and trade partnerships have been growing strongly, bringing benefits to both sides. He welcomed the RoK’s New Look South policy with the aim of promoting peace, stability and development, which considers Vietnam a key partner. The two countries share many similarities and interests in bolstering bilateral cooperation. To strengthen their relations, they should continue enhancing mutual trust through … [Read more...] about Vietnam, RoK should expand ties to more areas: PM

BSR is a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam, PVN) and operator of the US$3 billion Dung Quat Oil Refinery in the central province of Quang Ngai, the first oil refinery in the country. The company earned VND24.1 trillion in the first quarter of this year, up 25% year-on-year. Indicators such as manufacturing output and consumption increased by 11% compared to the quarterly plan. At a seminar held on March 30 in the central city of Da Nang, Deputy General Director of PVN Le Manh Hung said any of PVN’s subsidiary while converting to a joint stock company should be aware that equitisation was an inevitable target. According to Hung to well manage BSR and PVN’s units, company leaders should, first of all, have a firm grasp of management knowledge. “Corporate governance means human governance in the process of production and business as well as common target governance,” Hùng said, asking BSR to invest heavily in systems and management … [Read more...] about Binh Son refinery reports high profit