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Update news Vinachem
The Viet Nam National Chemical Group (Vinachem) has registered to auction all 11.45 million shares it holds in Duc Giang Chemical Group JSC (DGC), equivalent to 8.85 per cent of DGC’s capital.
The semi-annual consolidated financial statement of Vinachem showed a steep drop in profit, partially due to its accounts and assets being frozen by the court.
VietNamNet Bridge - The reported decline in losses shows that fertilizer manufacturers are reviving. However, they still have to struggle to compete with Chinese imports.
VietNamNet Bridge – The Ministry of Trade and Industry has confirmed mistakes and wrongdoings were found in personnel appointments at the Viet Nam National Chemical Group (Vinachem).
VietNamNet Bridge - If Vietnam continues importing chemicals from China, it will have to rely on Chinese imports and accept low-quality products, experts have warned.
Mekong Delta to stockpile 1 million tonnes of rice; Da Nang port hastens infrastructure construction; Government puts stop to exports of coal dust; HCM City targets US$35 billion for export earnings; Vinachem targeting equitization of units this year
World Bank programme requests research proposals; Slow demand means hard year for rubber; Vietnam invests nearly $20 billion abroad; Economy benefits much from oil price slump; Higher taxes for HCMC restaurants, household businesses
Real estate inventory value drops 21.8%; Project supporting wind power use approved; Petrochemical and oil refinery project to start in Binh Dinh; HCM City targets 700 mln USD in investment in IZs