The restructuring of the Vietnam economy in the period from 2011 to 2015 and orienting toward 2020 is focusing on three main issues: restructuring the system of credit institutions, state-owned company and public investment. Credit institutions: The focus task of restructuring the system of credit institutions is to strengthen the liquidity, fix bad debts and gradually … Read more
On May 30th 2014, Prime Minister Nguyen Tan Dzung had an interview with Bloomberg News (USA) on Vietnam social and economy in the first 05 months of 2014. According to him, Vietnam economy in 2013 grew by more than 5.4%. The situation of first 05 months in 2014 has been developing positively in accordance with … Read more
Korean Samsung Heavy Industry Company has been approved to buy 50% shares of a subsidiary of Vinashin Shipbuilding Corporation in Cam Ranh port. They are also considering for the purchase of Ha Long Shipbuilding Company’s shares. Samsung is one of the most successful shipbuilding companies in Korea. It is not the first Korean company pouring … Read more
As reported by The Voice of Russia, Rosneft is going to supply six million tons of oil to Dung Quat oil refinery per year until 2039 – announced by Rosneft Russian. The agreement is signed by and between Rosneft and PetrovVietnam Oil Corporation at the St Petersburg International Economic Forum on Saturday 24th May, 2014. … Read more
Petroleos de Venezuela SA has agreed with state-run Vietnam Oil and Gas Group , or PetroVietnam , to join a project to upgrade the country’s sole refinery and to work together in selling refined oil products in the Asian market, the Vietnam News Agency reported Friday. The PetroVietnam – PDVSA refinery agreement is in line … Read more