Corporate

Specialist risk intelligence firm EXX Africa publishes a new report looking into the background of the ongoing anti-corruption campaign in Angola. The full report is available on request and key findings are presented below. LONDON, UK - Media OutReach - 20 January 2020 - EXX Africa publishes a special report on Angola shadow state executives who imperil the country's privatisation process. … [Read more...] about Angola Shadow State Executives Imperil Privatisation Agenda

A high number of large corporations is expected to list shares or undergo the state’s divestment in 2020, including VEA, PLX, Agribank, HVN, Vinacomin, MobiFone, VNPT and Vietnam Cement Corporation. The valuable shares would help lure more money from foreign investors. A high number of large corporations is expected to list shares or undergo the state’s divestment in 2020, including VEA, PLX, Agribank, HVN, Vinacomin, MobiFone, VNPT and Vietnam Cement Corporation. The valuable shares would help lure more money from foreign investors. … [Read more...] about Which factors will drive the stock market in 2020?

Hanoi(VNA) – The Japan Bank for International Cooperation (JBIC) is considering funding the Block B&52/97 project of the Vietnam Oil and Gas Group (PetrolVietnam) using loans without a government guarantee. General Director of PetrolVietnam Nguyen Vu Truong Son recently worked with JBIC representatives on financial arrangements for the project. According to PetrolVietnam, the project, worth nearly 10 billion USD, is one of the two largest gas projects in Vietnam. The capital arrangement for the project is one of the main concerns of foreign partners involved in the project. The Block B&52/97 project’s oilfield development report was approved by contractors and the State appraisal council, while its environmental impact assessment report was ratified by the Ministry of Natural Resources and Environment. The quantitative risk assessment report was also submitted to the Ministry of Industry and Trade. As scheduled, the contract will be awarded in June 2018, … [Read more...] about Japan bank considers funding PetrolVietnam’s gas project

The additional investment in the Hai Duong facility coincides with Ford celebrating its 25th anniversary in Vietnam. Ford was one of the first investors in the country after the United States-Vietnam relations were normalised in the 1990s. “We take pride in having been one of the first foreign companies to invest in Vietnam in 1995, and in our ongoing role in contributing to the development of the Vietnamese auto industry as well as the economy overall,” said Dung. … [Read more...] about Ford expands Hai Duong facility

The prosecution came after the Ministry of Industry and Trade detected serious violations at VEAM, including the management and use of state capital in a number of units that caused losses and even the loss of equity capital. For example, between 2010 and the first six months of 2018, VEAM’s automobile assembly plants reported a loss of VND331 billion ($14.39 million) in equity. … [Read more...] about VEAM leader prosecuted on charge of mismanagement of state capital