Romanian shipyard employs 130 workers from Vietnam Society

Romanian shipyard employs 130 workers from Vietnam

Vard Braila Shipyard, the company employing the largest number of workers in the eastern city of Braila in Romania, has employed 70 Vietnamese workers and plans to bring another 60 to cover its workforce deficit, the Romania-insider.com reported.
RoK hands over submarine to Indonesian navy World

RoK hands over submarine to Indonesian navy

A 1,400-tonne submarine manufactured in the Republic of Korea (RoK) arrived in a port of the Indonesian Navy’s Eastern Fleet in Surabaya after a 16-day voyage from the East Asian country.
Local shipbuilder partners with Russia Business

Local shipbuilder partners with Russia

The local Song Thu Shipyard Corporation has agreed to cooperate with Vostochnaya Verf shipyard (Primorye), Russia, in the production of cruise ships for tourism development in Vietnam.
Business

Vinalines to launch IPOs in Q1

The Vietnam Shipping Lines Corporation (Vinalines) set to launch initial public offerings (IPOs) in the first quarter of 2015, General Director Le Anh Son announced at the firm’s conference in Hanoi on January 15 to review 2014 results and set targets for 2015 operations.
Business

Vietnam eying big foreign investors: report

In an article published on February 17, the English-language news website VietNamNet Bridge said Vietnam now dreams of getting “big fish” when attracting foreign direct investment (FDI) and hopes to lure the top 500 global conglomerates.
Ex-Vinashin execs get up to 20 years in prison Society

Ex-Vinashin execs get up to 20 years in prison

On March 30 the People’s Court in the northern port city of Hai Phong handed out prison sentences to nine former executives of the National Shipbuilding Industry Group (Vinashin) for “intentionally violating State regulations on economic management, causing serious consequences”.
Business

Largest home-made ship launched

Dung Quat Shipbuilding Company, a subsidiary of PetroVietnam, on Nov. 6 launched a 104,000-tonne crude oil tanker, which is the largest such vessel ever made in Vietnam.
Business

PVN halts 1bln USD in bond sales overseas

The PetroVietnam Group has indefinitely post-poned its planned sale of corporate bonds overseas, the State-owned petroleum giant announced at a press conference on Tuesday.
Business

Credit growth targeted at 23 percent

Credit growth should fall to 23 percent next year, the State Bank of Vietnam announced on Dec. 28, setting a more cautious policy than was pursued this year, when growth in commercial bank lending neared 28 percent.

The State Bank of Vietnam also sent a clear message that monetary policy would focus on controlling inflation and stabilising the economy.
Business

Vinashin bailout spurs stock exchanges

Trading exploded on the nation's stock exchanges on Dec. 28, with the volume of trades tripling on the HCM Stock Exchange to 88.9 million shares, worth nearly 2.1 trillion VND (100 million USD).
PM gives answers to hot issues Politics

PM gives answers to hot issues

PM Nguyen Tan Dung provided lawmakers with explanations for a host of issues that have generated voters’ concern, as well as the moves the Government will take to handle them, at a live broadcast session on Nov. 24.
NA deputies query hot transportation issues Politics

NA deputies query hot transportation issues

National Assembly deputies on Nov. 23 queried a number of hot transportation issues related to the North-South Railway Express, infrastructure, traffic jams and the restructure of the Vietnam Shipping Industry Group (Vinashin).