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BUSINESS - FINANCE
Friday, May 16, 2008
First private financial group makes debut
The Saigon Thuong Tin Commercial Bank (Sacombank) officially made debut as the Sacombank Group on May 16, becoming the first private financial group in Vietnam.

HEADLINES FROM BUSINESS - FINANCE
  New thermal power project to ease power shortage
16/05/2008 04:31 PM
Thai Nguyen province is looking to ease its chronic power shortage, a nationwide problem during the dry season, by licensing a new thermal power project with an annual capacity of 100 MW.
  PM orders halt to nonessential infrastructure investments
16/05/2008 04:14 PM
Prime Minister Nguyen Tan Dung has instructed provinces and cities to actively adjust investments for infrastructure development from now until the end of 2008.
  Ca Mau aims to tap marine economy
16/05/2008 04:11 PM
The southernmost province of Ca Mau is seeking to fully exploit the riches provided by its long coastline.
  Low trading volumes hint at market freeze
16/05/2008 11:42 AM
The Ho Chi Minh City Stock Exchange continued to see shares prices battered in almost all codes on May 15, while trading volumes continue to hover almost record lows.
  Power company’s Q1 profits rise sharply
16/05/2008 11:42 AM
Vinh Son Song Hinh Hydro-power Joint Stock Company (VSH), earned revenue of 144.9 billion VND in the first quarter; 56.55 percent higher than the same period last year.
  Cement gets shifted to stabilize south market
16/05/2008 11:25 AM
The Vietnam Cement Industry Corporation (Vicem) shifted 30,000-50,000 tonnes of cement to Ha Tien 1 Co in the south on Wednesday.
  Ba Ria - Vung Tau attracts 1.7 billion USD
16/05/2008 11:25 AM
So far this year, the southern province of Ba Ria -Vung Tau has lured 1.7 billion USD from five domestic investment projects and eight foreign direct investment projects.
  New 185 million USD paper mill planned
16/05/2008 11:25 AM
The Dong Nai-based Tan Mai Paper Joint-Stock Co has unveiled a plan to build a major paper and pulp plant in the central province of Quang Ngai.
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