Vietnam National Coal and Mineral Industries Group, or Vinacomin, on January 18 issued VND2.5 trillion worth of five-year bonds with the coupon of 14.5% in the first year. A source told the Daily that institutional investors expressed stronger response towards this issuance compared to the previous one last July. Vinacomin at that time sold only 17% of the VND3 trillion worth of bonds launched on the... 

The country’s largest mining firm, Vietnam National Coal and Mineral Industries (Vinacomin), plans to issue 3,000 domestic bonds this year at VND1 billion (US$48,000) each. The bond term will be for 5-7 years. Chairman of the group’s member council Tran Xuan Hoa said the capital mobilised from the bond issuance would be used to boost investment, business and production operations. The... 

In the past, foreign invested and private run enterprises always complained that they had fewer opportunities than state owned enterprises to access business premises, however, the situation has become quite different. It is private and foreign investors who win in the war for golden land plots. The “wind has reversed” Nearly 10 years ago, the state owned Vietnam Coal and Mining Industries Group... 

State oil and gas group PetroVietnam has delayed a plan to sell offshore bonds worth US$1 billion, a state-run news website reported, after Vietnam’s credit ratings were downgraded last year. The Hanoi-based group postponed the issue, originally scheduled for the last quarter of 2010, because it was an “unfavorable time”, PetroVietnam Chairman Dinh La Thang was quoted as saying in... 

Vietnamese firms, mainly state-owned, have invested nearly $8.4 billion in 558 projects in foreign countries, according to the Overseas Investment Department. Leading the pack is the Vietnam National Oil and Gas Group (PetroVietnam) with more than $2.3 billion in 28 projects. The Vietnam Rubber Industry Group has registered to invest $792 million in 16 projects and the Vietnam National Coal and Mineral... 

HANOI – Standard & Poor’s on Monday cut its long-term credit rating on Vietnam’s state mining group Vinacomin after signs the government might not help a similar state-owned company, troubled shipbuilder Vinashin, with debt payments. What happens to Vinashin will set the tone for Vietnamese borrowing in the near future. Should Vinashin fail to make its debt payments, not only... 

HCMC – Sales of locally assembled automobiles in Vietnam fell 17% year-on-year to more than 9,140 units in September, although it was up nearly 500 units from August, the Vietnam Automobile Manufacturers’ Association (VAMA) said. VAMA reported that in September, sales of sport utility vehicles (SUV) and multi-purpose vehicles (MPV) were down 19% to about 1,980 units, while the number of passenger...