Asia

Top-10 Private Equity Deals in 9 Months 2011

September 21, 2011 (Vietnamica) – A recent report on M&A in Vietnam in the first nine months of 2011, prepared by StoxPlus, provides us with Top-10 private equity deals as follows.

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Top-10 M&A Deals in 9 Months 2011

September 21, 2011 (Vietnamica) – A recent report on M&A in Vietnam in the first nine months of 2011, prepared by StoxPlus, provides us with Top-10 M&A deals as follows.

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ICBC Launches First Branch in Phnom Penh in November

September 21, 2011 (Vietnamica) – China’s largest bank, the Industrial and Commercial Bank of China (ICBC), has already received the operating license from the National Bank of Cambodia to open a branch in Cambodia and the bank planned to launch the first branch in Phnom Penh in November, Xinhua reported on Sept 21.

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MOF, MoIT: Finger-Pointing Over Fuel Prices

September 21, 2011 (Vietnamica) – The Conference on “Governing Fuel Prices Inline With Market Principles,” held on Sept. 20, turned out to be a finger-pointing between the Vietnamese Ministry of Finance and Ministry of Industry and Trade. Experts and the media were invited to the Conference, VnExpress reported. Vice Minister of Industry and Trade – Nguyen Cam Tu – told that he could not stand the public’s blame for high fuel prices any more. He, therefore, asked the Conference to allow him make his unscheduled speech. The Vice Minister accused Ministry of Finance of governing retail fuel prices in...

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Petrolimex Made a Loss of US$96 Mln in 9 Months; Chairman Cannot Explain

A rice field in Bac Giang Province © 2009 Vuong Quan Hoang

September 20, 2011 (Vietnamica) – The Chairman of Vietnam National Petroleum Corporation (Petrolimex) – Bui Ngoc Bao – unveils that the country’s second largest state-owned enterprise has made a loss of VND 2 trillion, or US$96 million, in the first nine months of 2011 (VnEconomy, Sept 20).

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SBV Licensed Traders to Import 4 Tons of Gold

September 20, 2011 (Vietnamica) – The State Bank of Vietnam, on Sept 19, licensed 10 banks and gold trading companies to import 4 tons of gold.

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