Petronas makes discovery off Vietnamese coast
HAI PHONG — PETRONAS Carigali Overseas Sdn Bhd (PCOSB), the exploration and production arm of PETRONAS, has announced the discovery of oil and gas at the Ham Rong Oil Prospect off the coast of Hai Phong City. The discovery was made via the Ham Rong – 2X well. The well is expected to have a capacity of approximately 6,300 barrels of oil and 8 million standard cubic feet per day.
Conference promotes handicrafts trade to Japan
HA NOI — The National Trade Promotion Agency will co-ordinate with the Centre for Trade Promotion,Iinvestment and Tourism in Asean-Japan (AJC) and the Viet Nam Handicraft Exporters Association to hold a conference entitled "Boosting exports of Vietnamese handicraft products to Japan" in September.
From the conference, 10 Vietnamese craft enterprises will be selected to take part in an exhibition entitled Lifestyle Viet Nam in Tokyo from November 30 to December 9.
Asia Commercial Bank steps up business lending
HA NOI — Asia Commercial Joint Stock Bank has made available VND3 trillion (US$153 million) to provide preferential loans to business of both State-run and private enterprises.
Interest rates will be 20 per cent lower than the current rate of 12.5-14 per cent. The offer will end on December 31.
Habubank finalises convertible bond issue
HA NOI — Ha Noi Building Commercial Joint Stock Bank (Habubank) finalised the issuance of VND1.05 trillion (US$53.85 million) worth of convertible bonds under its capital raising plan towards 2011.
The bank reached a pre-tax profit of VND301.6 billion ($15.46 million) in the first six months of this year with total assets of VND29.58 trillion ($1.51 billion). Habubank expects to debut on the Ha Noi Stock Exchange (HNX) in November.
City to host international food, beverage expo
HCM CITY — Almost 190 companies from 11 countries and territories will attend the 14th international exhibition on food and beverage, which will begin in HCM City next Wednesday.
The companies from mainland China, Taiwan, Japan, Korea, Australia, the US, Viet Nam, and others, will exhibit products at more than 260 booths at the HCM City International Exhibition and Convention Centre.
Vinaphone, Viettel to launch iPhone-only packages
HA NOI — Two leading iPhone providers will offerr a free microsim with their iPhone 4 package next month.
The microsim has a number of advanced features and is smaller than a traditional sim. The iPhone 4 software is only compatible with a microsim.
A Vinaphone representative said the company had ordered 3,000 microsims for its promotion next month. — VNS