BUSINESS IN BRIEF 18/9
06/08/2010 - 182 Lượt xem
Cavico Mining seeks to up capacity of existing projects
Cavico Mining said it will invest EUR2.1mil (US$2.69mil) to enhance the production capacity of its existing projects.
The investment, funded by the Bank for Agriculture and Rural development (Agribank), will be used to purchase new mining equipments such as heavy trucks and earth movers.
The investment will be used mainly to meet the increasing mining velocity of its Nui Beo mining project in the northern province of Quang Ninh, the Hanoi based firm said.
Cavico Mining is a subsidiary of Covico Corporation, a local investor and contractor of infrastructure development projects.
Canned food maker targets VND210bil in earnings
Vietnam leading canned food maker Halong Canfoco said it targeted to earn VND210bil (US$13mil) this year, up by 20% over the 2005.
Meanwhile, export turnover will reach $1.2mil in 2006, up 20% year-on-year, the Hai Phong based firm said.
Halong Canfoco said it also changed its 50 years old logo and slogan and introduced new products in a bid to be more competitive when Vietnam is closing to be a member of WTO.
VIB Bank celebrates 10th anniversary
The VIB Bank is celebrating its 10th anniversary today, setting a goal to become the leading joint stock commercial bank in Vietnam, said Trinh Van Tuan, chairman of the bank's management council.
The bank's total assets reached VND13,000tril (US$813mil) compared with VND50bil a decade ago with more than 50 branches nationwide, equipped with modern facilities and technologies, Tuan said.
By the end of last month, the bank had increased its before-tax profit by 120% compared to the same period last year. The bank has been recognised as one of the five leading joint stock commercial banks in Vietnam.
Source: Viet Nam News
