HTV: Approval for additional listing | ||
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Thursday, January 10, 2008
HTV: Approval for additional listing
HAP - resolution of shareholders’ meeting
HAP - resolution of shareholders’ meeting | ||||||||||||||||||||
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Issue 1: Dividend payment in advance in stock 2007: 12% The record date for receiving dividend is the same with the record date for receiving right of buying additionally issued shares which metioned in the issue 2 below Issue 2: Offering method Estimated offering volume: 9,219,934 shares In which: Volume for the second issuance: 8,800,000 shares The remaining shares after the first issuance : 419,934 shares Offering objects : Existing shareholders : 4,925,034 shares. Exercise ratio: 3:1 (shareholder who owns 3 shares on the record date can buy 1 new share) Employees: 419,934 shares Strategic partners : 3,874,966 shares Offering price: Existing shareholders : VND30,000/share Employees : at the price higher than the one to existing shareholders Strategic partners : equal to 80% of the market price on the ex-right date of the second issuance and not less than VND40,000/share. Issue 3: issuing purpose and method of using money from issuance Issuing purpose : sponsor the second stage of the project of petrochemical factory with capacity of 1,000,000 tons/year ; the second stage of building trading center – office ; the project of Tien Sa pharmaceutical plant ; supplement liquid capital (if any). Method of using money from issuance: Estimated amount from issuance : VND315,347,680,000 and invested to the following projects :
Issue 4: Authorize BOD to implement offering-related issues Prepare offering method Choose the appropriate issuing time Decide the offering price to employees and strategic partners. Solutions for the fractional parts after being rounded in unit and the shares which shareholders refuse to exercise their right. Choose underwriting organization (if any) Issue 5 :Pass listing additional shares which is mentioned in issue 1 and 2 above Issue 6: Transfer HAPACO financial investment center to HAPACO financial investment Co., Ltd. Issue 7: Contribute 30% to urban – housing service industrial zone at Hai Phong |
HAP – business results in December 2007
HAP – business results in December 2007 | ||
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Revenues December 2007: VND34,497,000,000 Accumulation from the beginning of the year: VND268,793,000,000; equivalent to 229.31% compared to the same period last year and gained 103.38% of the year plan 2007. Profit: December 2007: VND10,434,000,000 Accumulation from the beginning of the year: VND87,248,000,000, equivalent to 936.64% compared to the same period last year and gained 317.27% of the year plan 2007. Estimated revenues in January 2008: VND30,000,000,000 |
DNP: The Offering Price for Employees
DNP: The Offering Price for Employees | ||
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Stock symbol: DNP Stock type: common stock Par value: VND10,000/ share Offering price: VND20,000/ share VSE |
DHA – extend time of offering shares
| 1/10/2008 1:59:00 PM | ||
| DHA – extend time of offering shares | ||
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CII: Trading result of an affiliated institution
CII: Trading result of an affiliated institution | ||
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Stock symbol: CII Trader: Bank of Investment and Devlopment of Person affiliated with BIDV: Ms. Tran Thi Tuat - Member of CII’s Supervisory Board Volume registered to sell: 150,000 shares Sold volume: 140,000 shares Owning volume after trading: 160,000 shares Trading period: from 11/22/2007 to 12/31/2007 VSE |
CAN: Trading of an affiliated institution
CAN: Trading of an affiliated institution | ||
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Listed firm: Halong Canned Food Joint Stock Corporation (HALONG CANFOCO) Stock symbol: CAN Trader: Balestrand Limited Result: Owning volume before trading: 852,690 shares Sold volume: 10,000 shares Current owning volume: 842,690 shares Trading date: 12/3/2007. 2. New trading: Current owning volume: 842,690 shares Volume registered to sell: 842,690 shares Owning volume after trading: 0 share Trading period: from 01/08/2008 to 04/08/2008. VSE |
FPT: Trading of an affiliated person
FPT: Trading of an affiliated person | ||
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Stock symbol: FPT Trader: Ms. Le Dieu Anh (sister of Mr. Le The Hung) Position of Mr. Hung in the listed firm: Head of Supervisory Board Owning volume before trading: 5,010 shares Volume registered to buy: 4,000 shares Owning volume after trading: 9,010 shares Trading period: from 01/15/2008 to 05/15/2008. VSE |
BIDV: Change of the legal representative
BIDV: Change of the legal representative | ||
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Mr. Tran Bac Ha replaced Mr. Vu Quoc Sau, who retired, as the Chairman of BIDV’s BOD under Decision No. 3023/QD-NHNN dated December 20th, 2007. Mr. Tran Anh Tuan replaced Mr. Tran Bac Ha as BIDV’s CEO and member of BIDV’s BOD under Decision No. 3024/QD-NHNN dated December 20th, 2007. The decisions became effective as from January 1st, 2008. VSE |
ACL – set up a joint stock company
ACL – set up a joint stock company | ||
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CL - FISH CORP contributes VND32.4 billion (equivalent to 36%) to set up Cuu Long – Thai Son Joint Stock Company. Initial chartered capital of the company is VND90 billion. Authorize Mr Nguyen Xuan Hai – Deputy General Director to be a representative of contribution of CL - FISH CORP at Cuu Long – Thai Son Joint Stock Company. VSE |
TSC – changes of operation model and chartered capital
TSC – changes of operation model and chartered capital | ||
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Change from company limited to joint stock company Company name: THANGLONG SECURITIES JOINT STOCK COMPANY Short name: TSC Head office: 273 Kim Ma, Giang Vo Ward, Ba Dinh Dist., Raise chartered capital Old chartered capital: VND250 billion New chartered capital: VND300 billion The representative: Le Dinh Ngoc - General Director VSE |
SMC: Record date for dividend payment and shareholders’ ballot
SMC: Record date for dividend payment and shareholders’ ballot | ||
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Listed firm: SMC Investment - Trading Joint Stock Company Stock symbol : SMC Stock type : common stock Par value : VND10,000 Ex-right date : January 15th, 2008 Record date : January 17th, 2008 Purpose : 1/ Dividend payment in stock for 2007 Issuing volume : 999,481 shares Apportion ratio : 1:1 Exercise ratio : 10%/ par value (or 10:1) The number of shares will be round in tens and the remaining shares after being rounded will be bought back at VND10,000 per share. For example: At the record date, shareholder Nguyen Van A currently owns 1,150 shares, the calculation as follows: The number of shares distributed in theory: 1,150 shares x 10% = 115 shares The number of shares distributed in practical: 110 shares The number of shares bought back by the company: 5 shares x VND10,000 = VND50,000 Trading date: estimated on February 20th, 2008 Shareholders who are not allowed to transfer their existing shares can still receive dividend-shares and those shares are transferable. 2/ Shareholders’ ballot The company will obtain approval for listing the additional shares from the shareholders in the list on January 17th, 2008. Time for ballot: from 01/25/2008 to 02/12/2008 Place of payment: Shareholders whose shares have been deposited: at the securities firms where the shares have been deposited. Shareholders whose shares have not been deposited: at SMC’s head office: 124 Ung Van Khiem St., Ward 25, Binh Thanh Dist., Hochiminh City. VSE |
NSC – resolution of BOD
NSC – resolution of BOD | ||
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Actual business results in 2007 exceeded 22% compared to 07 plan and increased 35% against 2006. Profit after tax rose by 35% compared to 07 plan and 71% against 2006. Dividend payment 2007: 19% (the first payment: 10%/ par value, the second payment: 9%/par value). Appoint Ms Nguyen Thi Binh – Chairman of BOD of Tropical Development Joint Stock Company (TDIC) which is a major shareholder of NSC, to be a member of BOD at NSC. Pass business plan 2008 Set business plan for development from 15% to 20% per year Set a project of building up the vegetable process plant. It is built at Ba Vi National Seed Plant in Q1/2008. 5. Personnel change in NSC Mr Pham Quang Thuong – accountant of Ba Vi National Seed Plant will be Vice Director of Ba Vi National Seed Plant Mr Do Van Thong – preservation engineer of Thuong Tin plant will be Vice Director of Dong Van process plant Mr Nguyen Duc Mr Bui Minh Quyet – officer of Administration will be assistant manager of Administration. (VNAgency) |
HDC: Trading of affiliated person
HDC: Trading of affiliated person | ||
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Stock symbol: HDC Trader: Bui Thi Viet Having relation to: Bui Thi Thinh (sister) Position of the affiliated person in the listed firm: member of BOD Owing volume before trading: 76,200 shares Sold volume: 6,200 shares Trading period: from December 1st 2007 to December 31st 2007 Current owning volume: 70,000 shares Registered volume to sell: 20,000 shares Estimated trading period: from January 9th 2008 to March 31st 2008 (VSE) |
DCC: Trading of affiliated person
DCC: Trading of affiliated person | ||
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Stock symbol: DCC Trader: Dam Chi Phuong Having relation to: Vu Huy Hoang (husband) Position of the affiliated person in the listed firm: member of BOD Owing volume before trading: 91,500 shares (0.89%) Registered volume to sell: 6,500 shares Owning volume after trading: 85,000 shares (0.83%) Trading method: order matching Estimated trading period: from January 8th 2008 to March 13th 2008 (VSE) |
SHC – extend time of a ballot
SHC – extend time of a ballot | ||
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Stock symbol: SHC The record date: November 15th 2007 Purpose: a ballot for additional issuance to raise capital; listing additional shares Previous time of a ballot: from November 26th 2007 to December 14th 2007 Extending time: till January 16th 2008 Reason for extension: collect enough opinions (VSE) |
FPC: Insider Trading
FPC: Insider Trading | ||
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Listed firm: Full Power Joint Stock Company Stock symbol: FPC Trader: Phu My Construction and Trading Joint-stock Company Representative: Mr. Chen Li Hsun – Chairman of BOD Position of Mr. Chen Li Hsun in the listed firm: Chairman of BOD Owning volume before trading: 4,650,000 shares (14.09%) Bought volume: 3,030,000 shares Owning volume after trading: 7,680,000 shares (23.27%) Trading period: from 12/24/2007 to 12/31/2007 (VSE) |
SeABank becomes one of top three banks in capital
SeABank becomes one of top three banks in capital
09/01/2008 -- 11:49 AM
Ha Noi (VNA) – SeABank has received approval from the central bank to raise its charter capital to 3 trillion VND, becoming one of the top three joint stock banks in Ha Noi in terms of charter capital.This year, the bank is expected to continue raising its charter capital to 5 trillion VND (312 million USD) . In addition, SeABank also successfully issued 2 trillion VND (125 million USD) of convertible bonds with a face value of 10 million VND (600 USD) per bond.
The bank plans to further expand 35 branches and transaction bureaus bringing the total number to 85 nationwide.-Enditem
(VNAgency)
Pharmaceutical industry attracts foreign investors
Pharmaceutical industry attracts foreign investors
09/01/2008 -- 2:35 PM
Ha Noi (VNA) – Right after the country joined the World Trade Organisation, the pharmaceutical industry became a magnet to draw in foreign investment with 58 new foreign businesses in 2007 alone.The Health Ministry reported that it has, by the end of October 2007, licensed 370 foreign businesses engaged in the making of medicines and drug materials with Chinese, Indian and Pakistani entrepreneurs making up the majority.
“With a population of more than 85 million people and an abundant source of tropical herbal plants, Viet Nam is a potential market for foreign pharmaceutical businesses to explore,” an official from the Ministry of Planning and Investment (MPI) said.
Bui Quang Trung, Deputy Head of MPI’s Foreign Investment Department affirmed the Government’s policy to attract foreign investors into the pharmaceutical industry.
He said the Government has given incentives to those involved in the making of biotechnology-used medicines, materials for antibiotics, drugs to cure social diseases, vaccines, bio-products, and herbal medicines.
There are 46 foreign-invested projects with a total registered capital of 112 million USD engaged in producing pharmaceutical products in the country, Trung said, adding that these facilities have not yet produced a large quantity of high-quality products to meet the people’s demands.
The Vietnamese people’s spending on medicines jumped from an average 0.3 USD per person in 1999 to 8.6 USD in 2004 and 12.69 USD in 2007.
Currently, locally-made drugs meet around 50 percent of the demands, leaving the haft to imports.
In 2007, the country imported 777 million USD in drugs and medicinal materials, of which medicinal materials accounted for 25 percent.
The pharmaceutical industry has set a target of meeting 60 percent of the local market’s demands by 2010 and 70 percent by 2015.-Enditem
(VNAgency)
Both indexes down again after a short-lived recovery
Both indexes down again after a short-lived recovery
09/01/2008 -- 3:52 PM
Ha Noi (VNA) – The VN-Index at the Ho Chi Minh City Stock Exchange (HoSE) declined again in the January 9 trading session after a slight recovery the day before.By closing, the index slid by 15.33 points to end at 878.41 points with more than 6.3 million shares worth more than 540 billion VND changing hands.
Blue chips including Tay Ninh Cable Tour Company (TCT), Binh Dinh Minerals (BMC) and Financing and Promoting Technology Corporation (FPT) suffered the biggest losses of between 6,000 VND - 15,000 VND per unit.
At the close of trade in Ha Noi, the HaSTC-Index dipped 4.25 points to close at 294.68 points. More than 1.7 million shares, worth more than 146 billion VND, were traded.
Biggest losers included Quang Nam Mineral Industrial Company (MIC) with a 15,800 VND per share drop; Cho Lon Real Estate (RCL), 15,600 VND and Song Da 9.09 (S99) 13,900 VND.-Enditem
(VNAgency)
Auto sales nearly double in 2007
Auto sales nearly double in 2007
09/01/2008 -- 4:07 PM
Ha Noi (VNA) – The top 16 car makers in Viet Nam sold a total of 80,392 vehicles last year, the highest number since the first foreign car-maker came to the country 16 years ago, and almost reaching the Government’s 2010 target of 100,000.The figure represents a year-on-year increase of 97 percent, said the Viet Nam Automobile Manufacturers Association (VAMA).
Auto sales grew for eleven consecutive months last year, fuelled largely by stronger sales of commercial vehicles. Last year 40,277 units were handed to customers, a 129 percent increase on the corresponding period in 2006.
Passenger car sales also rose by 128 percent to 17,027 against 7,480 units in 2006.
In addition, multipurpose and sport utility vehicles (MPVs/SUVs) performed better last year with 23,088 units sold, up 46 percent year-on-year.
Predictably, Toyota topped the pecking order, selling 20,113 vehicles, a year-on-year increase of 36 percent, which accounted for 25 percent of the market share.
Truck and bus maker Truong Hai, which specialises in producing the Republic of Korea’s Kia models, came second with 11,534 units, up 115 percent on the previous year and accounting for 14 percent of the market share.
GM Daewoo ranked third with 7,580 units, registering an annual growth rate of 364 percent and a market share of 9.4 percent. Chinese truck-maker Vinaxuki ranked fourth with 7,358, which represented a 9.2 percent market share.
VAMA chairman Udo Loersch said he expected the car market to continue to grow this year.
“However, it will largely depend on import tariffs of CKDs (complete knockdowns) and CBUs (complete built units),” he said.
According to the General Statistics Office (GSO), the country imported 28,000 CBUs last year, up 223 percent on 2006.
The CBU import value in 2007 reached a record 523 million USD, against 208 million USD in 2006.
According to the Ministry of Industry and Trade , Viet Nam currently has more than 40 car makers and more than 100 car-part makers with a total capacity of over 200,000 units per year.-Enditem
(VNAgency)
Singaporean businesses eye real estate market
Singaporean businesses eye real estate market
09/01/2008 -- 4:49 PM
Ha Noi (VNA) – Singaporean businesses are showing their interest in the real estate market in Viet Nam , considering this to be a promising market.“As the political situation is stable and the economy has experienced growth for many consecutive years, the Vietnamese people are getting richer and their demand for housing is high. I suppose this is a potential market,” said Edwin Yu Kwok Kam, Director of the IMC Industrial and Property Investment Company.
Edwin said at the Investment Opportunities in Viet Nam forum, which opened in Ha Noi on January 9, that the demand for housing will continue rising in Viet Nam where the property market is in short of supply.
Statistics released at the forum indicated an imbalance between the demand and the supply of apartment and office for rent. In the Ha Noi capital city, almost all apartment and office building projects report an occupancy rate of more than 95 percent.
According to the real estate service provider, CB Richard Ellis (CBRE), Ha Noi has 4,924 hotel rooms rated at 3 - 5 stars and the figure remains modest as compared with 20,000 hotels in Bangkok .
Ho Jiann Ching, business development manager from the Ayala International Holdings Ltd. said he has seen a big opportunity in Viet Nam and believed that once entering the market, foreign businesses would be successful.
Singapore now ranks second among foreign investors in Viet Nam , with 500 projects, capitalised at 9.7 billion USD.
Dang Dung – Vice President of the Ha Noi Association of Young Entrepreneurs (HAYE)– said almost all Singaporean projects are invested by multi-national groups. Small Singaporean firms, which have capital ranging between 1 and 10 million USD, are yet to come to Viet Nam .
The two-day forum, which is focusing on financial and real estate investment, is co-organised by the HAYE and Singapore-based Allevents Group (AEG) and attracted the participation of more than 100 domestic and foreign businesses and investment funds.-Enditem
(VNAgency)
Construction of 100 million USD hotel starts in Da Nang
Construction of 100 million USD hotel starts in Da Nang
09/01/2008 -- 6:46 PM
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PM requests a well-managed monetary policy
PM requests a well-managed monetary policy
09/01/2008 -- 7:13 PM
Ha Noi (VNA) – Prime Minister Nguyen Tan Dung has emphasized the necessity for a well-managed monetary policy to ensure the national growth rate of 9 percent and keep a lower inflation rate.This is one of the three main tasks that were outlined by the PM Dung at a conference in Ha Noi on January 9 to discuss 2008 action plan of the banking sector.
It is also necessary to facilitate the sustainable and effective development of the banking system and financial institutions, the PM said, stressing the immediate focus should be paid on equitisation of five commercial banks.
Improvement of the State banking system’s forecast, inspection and supervision capability and human resource training should be achieved this year, noted the PM.
The government leader also praised the banking sector for its contributions to the sustainability of the macro economy in 2007 by controlling interest rates and exchange rates.-Enditem
(VNAgency)
Huge complex to be built in southern Sai Gon
Huge complex to be built in southern Sai Gon
09/01/2008 -- 7:13 PM
HCM City (VNA) – The Malaysian construction company WCT Engineering Berhad was granted an investment license to undertake the 200 million USD Platinum Plaza in southern Sai Gon urban area on January 9.The 9ha complex encompasses a four-star hotel, an office building, a service and trading centre and sports and entertainment areas.
The project is a cooperation between WCT and its Vietnamese partner Minh Thien Construction and Trading Company Ltd.
So far, 55 foreign invested projects with total registered capital of 1.3 billion USD were granted licenses in the area.
In 2007 alone, the southern Sai Gon new urban area attracted 26 foreign investment projects worth a total 398 million USD.-Enditem
(VNAgency)
MobiFone known as most favourite in 2007
MobiFone known as most favourite in 2007
09/01/2008 -- 9:18 PM
Ha Noi (VNA)- Mobifone on January 9 received the award “The most favourate cell phone services provider of 2007,” which was given by the E-chip Mobi magazine.The company was also awarded several other titles such as the network with best after-sale services and best non-voice services.
The military-owned Viettel company was chosen as a mobile phone network with most well-known trademark and the most reliable services provider.
The award “The largest subscription” for cordless fixed telephone services went to the E-com service run by the EVN Telecom Company.
Nokia received the award “The most favourite mobile phone supplier.”--Enditem
(VNAgency)
MobiFone known as most favourite in 2007
09/01/2008 -- 9:18 PM
Ha Noi (VNA)- Mobifone on January 9 received the award “The most favourate cell phone services provider of 2007,” which was given by the E-chip Mobi magazine.The company was also awarded several other titles such as the network with best after-sale services and best non-voice services.
The military-owned Viettel company was chosen as a mobile phone network with most well-known trademark and the most reliable services provider.
The award “The largest subscription” for cordless fixed telephone services went to the E-com service run by the EVN Telecom Company.
Nokia received the award “The most favourite mobile phone supplier.”--Enditem
(VNAgency)
All aquaculture farms under supervision
All aquaculture farms under supervision
09/01/2008 -- 9:30 PM
Ha Noi (VNA) – The National Fisheries Quality Assurance and Veterinary Directorate (Nafiqaved) will keep close supervision of all major aquaculture farms and 50 percent of small farms.According to head of Nafiqaved Nguyen Tu Cuong, the agency will also tightly monitor antibiotic and toxic chemical residues in seafood and aquaculture products.
The agency plans to strengthen the examination of seafood at collection agents and the sanitary conditions at fishing ships, ports, markets and small processing establishments.
The official also said that Nafiqaved will also keep a close watch on the quality of products by recognised processing establishments and tighten the management at unqualified ones.-Enditem
(VNAgency)
Rubber group to expand plantation in Cambodia
Rubber group to expand plantation in Cambodia
10/01/2008 -- 11:21 AM
Phnom Penh (VNA) – Four subsidiaries of the Viet Nam Rubber Group (VRG) will plant a combined acreage of 4,100 ha of rubber in Cambodia this year.The plan was announced at a conference of the VRG held in Phnom Penh on January 9 to discuss measures to speed up rubber cultivation in Cambodia under an agreement between the two governments.
So far, six companies under the VRG have been allocated over 22,000 ha of land in Cambodia to grow rubber trees. Of them, Phu Rieng and Tan Binh companies have so far put 270 ha under rubber trees, generating many jobs for local people.
However, the companies complained of the costly land reclamation due to poor soil, a lack of skilled workers, materials and machines and hindrances from import procedures.
Participants agreed on several measures to accelerate the planting, including looking for local supply of materials and equipment and training local labourers.-Enditem
(VNAgency)
“Business Star” awards given to outstanding businesses
“Business Star” awards given to outstanding businesses
10/01/2008 -- 11:28 AM
Ha Noi (VNA) – The National Oil and Gas Group (Petro Vietnam ) and the Tan Tao Investment and Industry Joint Stock Company were awarded the “Super Star Business” title at a ceremony held in Ha Noi on January 9.Five other enterprises, including the Viet Nam Industrial and Commercial Bank (Incombank), the Saigon Investment Group, the Vinpearl Tourism and Trade JSC, the Vietnam Glass and Ceramics for Construction Corporation and the Civil Engineering Corporation 5 (Cienco 5) received the “Business Star” awards.
The awards, the first of its kind held in Viet Nam, is to honour outstanding businesses in the integration process, said Vu Son Thuy, head of the organising board.
The award is planned biennially to encourage state-owned, joint-stock, private-owned and joint-venture businesses.
The award, sponsored by the Ministry of Foreign Affairs, ceremony was part of the Business Roundtable with the Government of Viet Nam themed “Viet Nam: Asia’s Rising Star.”-Enditem
(VNAgency)
Viet Nam’s economy to grow at 8.2 percent in 2008, says WB
Viet Nam’s economy to grow at 8.2 percent in 2008, says WB
10/01/2008 -- 11:32 AM
Ha Noi (VNA) – The World Bank (WB) has launched the Global Economic Prospects 2008 (GEP 2008), saying that Viet Nam’s economy will grow at 8.2 percent in 2008 and 8.3 percent in 2009.The WB report, released on January 9, said that resilience in developing economies is cushioning the current slowdown in the United States, with real GDP growth for developing countries expected to ease to 7.1 percent in 2008, while high-income countries are predicted to grow by a modest 2.2 percent.
GDP in East Asia and the Pacific is expected to grow at 9.7 % in 2008 and 9.6 % by 2009, the WB said, adding that the effects from the turmoil in the world’s financial centres may be small in most economies in the region.
The WB also said that developing countries, including Viet Nam, should enhance their ability to absorb technologies to ensure further economic growth in the future. –Enditem
(VNAgency)
Ha Long shipyard delivers cargo ship to Japanese customer
Ha Long shipyard delivers cargo ship to Japanese customer
10/01/2008 -- 11:21 AM
Quang Ninh (VNA) – The Ha Long Shipbuilding Company, an affiliate of the Viet Nam Shipbuilding Industry Corporation (Vinashin), on January 9 delivered an 8,700-tonne cargo ship to Japanese Kanematsu Company.The ship, 111.70m long and 18.60m wide was built at a cost of 8 million JY (71,000 USD) under the supervision of Japanese experts.
The ship named Bizen was the second ship delivered to Kanematsu under a contract of three such ships between the Ha Long shipyard and the Japanese company.-Enditem
(VNAgency)
IFAD pledges continued support Viet Nam’s agriculture
IFAD pledges continued support Viet Nam’s agriculture
10/01/2008 -- 11:48 AM
Rome (VNA) – The Int’l Fund for Agricultural Development (IFAD) President Lennart Bage has pledged IFAD’s continued support to Viet Nam in hunger alleviation and agriculture development in the years to come.In a recent reception to Viet Nam ’s chief representative to IFAD Nguyen Van An, the IFAD President spoke highly of Viet Nam ’s socio-economic achievements in 2007.
Bage will pay an official visit to Viet Nam from January 14-18 at the invitation of Deputy Prime Minister and Foreign Minister Pham Gia Khiem.
He said the visit will be a good chance for him to discuss with Vietnamese leaders matters of common concerns in order to consolidate and boost bilateral relations.
During his Viet Nam ’s tour, the IFAD President is scheduled to work with the Foreign Ministry, the Ministry of Planning and Investment, the Ministry of Finance and the Ministry of Agriculture and Rural Development.
He will also pay a courtesy visit to permanent deputy Prime Minister Nguyen Sinh Hung and visit IFAD’s current projects in some localities, including southern Ben Tre province.
The IFAD President will also sign agreements worth 40 million USD on aid to Ben Tre and Cao Bang provinces; an agreement to set up IFAD’s representative office in Ha Noi and a 300,000 USD project to be implemented by the Ministry of Agriculture and Rural Development.-Enditem
(VNAgency)
PM nods on steering committee for enterprise renewal
PM nods on steering committee for enterprise renewal
10/01/2008 -- 12:49 PM
Ha Noi (VNA) – Prime Minister Nguyen Tan Dung has signed a decision on the functions, tasks and rights of the Steering Committee for Renewal and Development of Enterprises.The steering committee will have a Deputy Prime Minister as head.
The committee will help the PM guide and inspect the renewal of State enterprises as well as develop new enterprises.
The Committee will also supervise the transformation of State units into working enterprises in accordance with the Enterprise Law.-Enditem
(VNAgency)
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