An international consortium between partners from Vietnam, the US, Japan and Thailand has been founded to develop and operate a US$1 billion gas pipeline project, Vietnam’s largest. The 400-kilometer pipeline will transport 18.3 million cubic meters of natural gas per day from Block B in an offshore basin to the O Mon Power Complex in the Mekong Delta city of Can Tho, the commercial and industrial... 

HCMC – Exporters have joined a chorus of complaints about increasingly difficult access to bank loans due to low credit ceilings and rising interest rates. Speaking a review meeting in HCMC on Thursday on the country’s export performance in the year to date, representatives of exporting companies and industry associations said they had found it extremely difficult to take out loans. If a bank... 

HCMC – HCMC-based Phu My Bridge BOT Corporation will become the country’s first private firm to launch an international bond issue to raise US$700 million for three major communications projects if Government approval is forthcoming. The general director of the corporation, Nguyen Thanh Thai, told the Daily on Thursday that he had worked with the Ministry of Finance over this unprecedented... 

Vietnam is likely to win its trade dispute with the US at the World Trade Organization over the anti-dumping measures the US has slapped against its shrimp, an American expert in trade remedy proceedings has said. Dr. Peter J. Koenig, who served on the US Congress’ Administrative Conference Advisory Group, said at a conference in Hanoi Wednesday that he believed Vietnam would win the case because... 

Having considerable difficulty expanding to new export markets, many local businesses have temporarily put such efforts on hold to focus on key markets with which they have strong relationships. At a meeting in Ho Chi Minh City on March 11 experts forecast that this year’s exports will not see a breakthrough growth as Vietnam’s key markets have yet to recover completely. They said earnings from... 

Analysts say a recent rate cut by mobile phone network Beeline will trigger a new price war among local telecom service providers in Vietnam looking to hold on to their share in market nearing saturation. Beeline, operated by a joint venture between Global Telecommunication Corporation and Russia-based VimpelCom, last Monday launched a new cell phone plan offering phone calls to any network at only...