Home Economy

PM approves EVN's capital increase

Mar 19th at 10:59
19-03-2015 10:59:14+07:00

PM approves EVN's capital increase

Prime Minister Nguyen Tan Dung has approved a plan to raise Electricity of Viet Nam's (EVN's) charter capital to VND160 trillion (US$7.62 billion) by the end of 2015.

The company's equity was last defined at more than VND143.4 trillion ($6.83 billion) at the end of 2012. The supplemented capital will come from various sources including development funds, construction project balances and State finances.

Dung assigned the ministries of Industry and Trade and Finance to provide specific guidelines for the implementation of the plan.

The State-run EVN specialises in producing, transmitting and trading electricity, besides managing the national grid, power import-export and electric work operations.

bizhub

MOST READ

NEWS SAME CATEGORY

Construction begins at pharmaceutical plant
ECONOMY Mar 19th at 10:56

Construction begins at pharmaceutical plant

The Medochemie Far East Company under the Cypriot Medochemie Group broke ground for a new pharmaceutical plant in the Viet Nam-Singapore Industrial Park II A (VSIP)...

Italian firms from Lazio explore local market
ECONOMY Mar 19th at 10:55

Italian firms from Lazio explore local market

A number of businesses from the Lazio region in Italy, considered a major centre of diplomatic and commercial activity, have shown interest in the young, dynamic...

VN, Myanmar need co-operation body
ECONOMY Mar 19th at 10:49

VN, Myanmar need co-operation body

Viet Nam and Myanmar need to establish a State committee on economic cooperation and sign a double-taxation avoidance agreement to boost trade.

Investors hold on to cash, avoid investments in gold and land
ECONOMY Mar 18th at 15:08

Investors hold on to cash, avoid investments in gold and land

Though gold prices remain unchanged and land and securities have become more valuable, the rich still prefer to keep their cash.

FDI firms accused of animal feed ‘monopoly’
ECONOMY Mar 18th at 14:55

FDI firms accused of animal feed ‘monopoly’

The Ministry of Industry and Trade have called on domestic companies to take measures to break the dominance of foreign-invested firms over the local husbandry...

Canadian beef committed in the Vietnamese market
ECONOMY Mar 18th at 14:50

Canadian beef committed in the Vietnamese market

The Canada Beef International Institute and the Embassy of Canada in Vietnam yesterday jointly held the first branding event in Ho Chi Minh City to introduce...

HCM City to build 3-8 floor factories in industrial zones
ECONOMY Mar 18th at 14:39

HCM City to build 3-8 floor factories in industrial zones

The HCM City People's Committee plans to build three to eight-floor factory buildings in industrial parks and export processing zones in the 2015-18 period.

Report revises 2014 FDI figures
ECONOMY Mar 18th at 14:29

Report revises 2014 FDI figures

Foreign direct investment (FDI) in the country decreased by 1.9 per cent on the year to US$21.92 billion in 2014, according to the Foreign Investment Agency's...

Sun Group to build Quang Ninh Airport
ECONOMY Mar 18th at 14:26

Sun Group to build Quang Ninh Airport

Property developer Sun Group has been selected to build Quang Ninh International Airport in Van Don Island District in the northern Quang Ninh Province.

Small retailers busier than luxury shopping malls
ECONOMY Mar 17th at 15:16

Small retailers busier than luxury shopping malls

Small shops in alleys and at street corners are proving to be more profitable than flashy luxury shopping malls.

Read More

MOST READ

Back To Top