Vietnam: Police Arrested Vinalines’ Executives

Left to right: Mai Van Phuc, Duong Chi Dung, and Tran Huu Chieu

May 19, 2012 (Vietnamica) — Police has detained Mai Van Phuc (former CEO, currently Deputy Director of Transportation Department, Ministry of Transport), Tran Huu Chieu (vice CEO of Vinalines, deputy Secretary of Communist Party Committee at Vinalines). The Police also tried but failed to arrest Duong Chi Dung, former chairman of Vinalines and currently head of Maritime Department, MoT. Dung did not appear in both his office and home (Lao dong, May 19).

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Jump in Gold as France Refutes EU Pact, Portuguese Contingency Rumored, Chinese Demand Overtakes India

May 17, 2012 (Vietnamica) — The wholesale market gold price jumped at the start of New York trade on Thursday, cutting the week’s previous 3.3% dive to 5-month lows in half as the Euro fell and Eurozone stock markets slumped once again.

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Masan Acquires Tuong An Vegetable Oil

Masan Acquires Tuong An Vegetable Oil

May 17, 2012 (Vietnamica) — Rumor about Masan (HOSE: MSN) acquiring Tuong An Oil Company (HOSE: TAC) has been on the market for months. Believe it or not, let’s look at the following rationales.

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Vietnam: Urea Prices Surged; Supply Reportedly Sufficient

May 16, 2012 (Vietnamica) —Vietnam Agriculture Magazine (May 14) reported that urea prices kept going up. In the last 2 weeks, Phu My urea fertilizer was up from US$0.537...

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Sacombank Plans to Issue 5-year US$200 Mln International Bonds

May 16, 2012 (Vietnamica) — Sacombank (HOSE: STB) is planning to issue 5-year US$200 million international bonds those are unsecured and nonconvertible (Intellasia, May 16).

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How Long Is DPM Going Remain This Low

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May 16, 2012 (Vietnamica) —  This is a very short update on the “diamond” ticker – DPM, which is buy-rated by Vietnam Finance. Let’s see the real profit generating...

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$1522 “Next Target for Gold”, But Dealers in Asia See “Sudden Surge” in Physical Bullion Demand

May 15, 2012 (Vietnamica) — Wholesale market gold bullion prices dipped below $1550 an ounce for the first time since December on Tuesday – a fall of 7% since the start...

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PVEP to Invest US$16.5 Bln in Upstream Operations in 2011-15

May 15, 2012 (Vietnamica) — State-owned PetroVietnam’s upstream arm, PVEP, plans to invest $16.5 billion in upstream oil and gas operations in 2011-15 (Platts, May 14). Director general Do...

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Talanx AG to Raise Stake in PVI Holdings

May 15, 2012 (Vietnamica) — PVI Holdings (HNX: PVI) plans to sell another 6 percent equity stake to German Talanx AG by the end of May 2012. Talanx subsidiary...

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France’s Strategy

May 15, 2012 (Vietnamica) — New political leaders do not invent new national strategies. Rather, they adapt enduring national strategies to the moment. On Tuesday, Francois Hollande will be inaugurated...

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How to Fix Financial Services Regulation

May 15, 2012 (Vietnamica) – Want a very quick solution to the privatized gains and socialized losses of modern financial services…? As I was reading of yet another spectacular...

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Gambling Business in Vietnam: What Can Foreign Investors Expect?

May 14, 2012 (Vietnamica) — In early December 2011, the United States company Las Vegas Sands, primary investor in the Singapore Marina Bay Sands, announced a vision of investing...

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