Vietnam News Network

Vietnam News: Local, National, Business, Sport, Entertainment and Technology

Trade BTCUSD, Bitcoin and Cryptocurrencies

BUY & SELL BTCUSD | View BTCUSD News & Updates


Buy Sell BTCUSD, Bitcoin and Cryptocurrencies

Vinashin plans $600 million bond sale for new ships   2009-12-28 - Bloomberg

Vietnam Shipbuilding Industry Group, the state-owned company known as Vinashin, won government approval to sell as much as $600 million of bonds overseas to fund construction of new ships.

 

Vinashin plans to raise between $400 million and US$600 million in a dollar-denominated bond sale, “hopefully within the first quarter next year and with a government guarantee,” Chief Business Officer Nguyen Quoc Anh said in a phone interview from the northern port city of Quang Ninh.

The Hanoi-based shipbuilder needs as much as $4 billion to build vessels to meet rising demand in Vietnam as economic growth accelerates, according to Anh. The company received money from a $750 million bond sale by Vietnam’s government in 2005, its first in a foreign currency.

Vietnam in February started commercial operations at Dung Quat, the country’s first oil refinery, which has capacity for 6.5 million metric tons of crude a year. Eighty percent of Dung Quat’s output will be transported by sea, according to Vietnam Oil & Gas Group, the plant’s state-owned operator.



Other news

Vietnam to sell $200 mln bonds: exchange   2009-12-28

FDI inflow tops $20 billion for the year   2009-12-28

Indochina unlikely to fly again: report   2009-12-28

Vietnam central bank to keep benchmark rate at 8 pct next month   2009-12-28

Vietnam to boost investment in Cambodia   2009-12-28

BUSINESS IN BRIEF 28/12   2009-12-28

Farmers sell cows as milk price declines   2009-12-28

Gold Market Review 2009   2009-12-28

Movies lead the way in 2009 while television lags behind   2009-12-28

VNBA terms liquidity problem “seasonal”   2009-12-28

Vietnam’s businesses do not trust domestic technology   2009-12-28

Companies briefed on ASEAN, Japan trade   2009-12-28

Banks urged to boost economic stability   2009-12-24

Banking review for 2009   2009-12-24