Governance

Vietnam’s Prime Minister Plans to Push SOEs Reform

April 3, 2012 (Vietnamica) — In his written responses to questions posed by The Wall Street Journal on the sidelines of a regional summit in Cambodia, Vietnam’s Prime Minister Nguyen Tan Dung said he plans to push the country’s state-owned enterprises into closer competition with the private sector to make them more efficient, and to revive a stalled series of partial privatizations, a process known in Vietnam as “equitization” (WSJ, Apr 3).

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Song Da Holdings: Wrongdoings of US$510 Mln

April 3, 2012 (Vietnamica) – State Inspectorate concludes that Song Da Holdings has made a number of wrongdoings, worth about US$510 million (VND10,676 billion), as follows (DTCK, Mar 2).

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Vietnam Again Asks China for Release of 21 Detained Fishermen

April 1, 2012 (Vietnamica) — In a meeting with Chinese Vice Premier Le Keqiang at the Boao Forum for Asian on Mar 31, Vietnam’s Deputy Prime Minister Hoang Trung Hai again asked China to release “immediately and unconditionally” 21 Vietnamese fishermen detained by Chinese authority. Vietnam had requested the crews’ release last month, according to a government statement on March 21. Neither statement provides details on when the incident occurred (Bloomberg, Apr 1).

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BaoVietBank 2011 Performance

April 1, 2012 (Vietnamica) — Bao Viet Commercial Joint Stock Bank (BaoVietBank) has released its business performance in 2011, with after tax profit of US$5.775 milion, down 13.5 percent from 2010, representing EPS at US$0.0386, down from US$0.0445 dong in 2010.

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Trung Nguyen Coffee Group Seeks Foreign Strategic Partners

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March 30, 2012 (by Nguyen Pham Muoi of Dow Jones Newswires) — Trung Nguyen Coffee Group Corp., Vietnam’s biggest coffee processing firm, is seeking foreign strategic partners to boost global sales of its coffee products, Chairman Dang Le Nguyen Vu said Thursday.

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Real Estate Players in Vietnam: Seeing Is Believing

March 29, 2012 (Vietnamica) — Nguyen Lan Anh on Forbes (Mar 28) tears a hole in the curtain of two largest real estate players, Bitexco and Vingroup.

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