Two contracts to build four vessels were signed, three of 22,500 tonnes cargo and one of 34,000 tonnes.
Chairman of Vinashin Nguyen Ngoc Su said the company had built 32 vessels for Vinalines from 2003 until 2009.
He said that in the next three years, Vinashin would build another 40 vessels for Vinalines.
Since July, Vinashin and Vinalines have worked closely to implement the Prime Minister's order to restructure Vinashin.
Yesterday's agreement aims to show that Vinashin can regain its prestige and continue developing so that it can escape from financial difficulties.
Deal struck for eight Ibis hotels
HCM CITY — Accor, the largest international hotel operator in Viet Nam, announced on Wednesday a partnership with the Benthanh Group that will develop a network of at least eight economy "Ibis" hotels in the country's major cities.
Earlier this year, the Benthanh Group had commenced construction of the Ibis Sai Gon Centre in HCM City's District 1. The centre is expected to become operational in 2012.
"We see significant potential for expansion in the economy hotel sector in Viet Nam and intend to secure a prominent presence in this segment of the hotel industry throughout the country" said the group's general director, Nguyen Quang Tien,
Accor operates 11 hotels in Viet Nam under the Sofitel, MGallery, Novotel and Mercure hotel brands. Additional hotels committed to development include three Pullman Hotels, one MGallery, three Novotel, three Mercure and two Ibis hotels.
Enterprises aim to retain talent
HCM City — A study by consulting service firm Towers Watson Viet Nam has found employers unable to retain talented employees despite a 12.8 per cent average increase in salary this year.
The raise is the highest over the last 7 years except 2008, because of high inflation, but staff turnover has also reached historic highs of 15.8 per cent.
Over the next 12 months, according to the survey of over 180 foreign invested enterprises, companies are going to invest more in human resource management and continue to hire more people, especially in sales and production. Budget allocations for staff training and leadership development will also increase.
Hapro inaugurates trade centre
QUANG NINH — The Ha Noi Trade Corporation (Hapro) inaugurated the Hapro Mao Khe trade centre in the Dong Trieu District of northern Quang Ninh Province late last week.
It covers 2,000 square metres and will trade over 20,000 products such as food, cosmetics and household goods.
Hapro is expected to build more supermarkets and trade centres in the province to meet growing demand.
Dai Lai Star golf course opens
VINH PHUC — The Dai Lai Star Golf and Country Club officially opened its international standard 18-hole course in Ngoc Thanh Commune, Phuc Yen District, in northern Vinh Phuc Province last Saturday.
Located nearby the Dai Lai Lake, the golf course is part of the 298-ha cultural, sport and resort complex worth US$30 million invested by the Dai Lai Viet Nam Co Ltd.
FPT Corp profit $100m for month
HA NOI — Software giant FPT Corp (HOSE: FPT) posted a revenue of more than VND2 trillion (US$100 million) in October, lifting the figure for the first ten months of this year to more than VND18.8 trillion ($940 million), a year-on-year increase of 32.3 per cent, to complete 81.7 per cent of this year's target.
Its ten-month after-tax profit reached more than VND1 trillion ($50 million), up 21.1 per cent from the same period last year. Its earnings per share gained VND5,649 during the period, a year-on-year increase of 19.8 per cent.
MCG raises $23.5m is share sale
HA NOI — Viet Nam Mechanisation Electrification and Construction Co (HOSE: MCG) reported it raised VND469.56 billion (US$23.5 million) by selling 35.8 million shares to the public, completing 94.2 per cent of total shares offered for sale.
The company posted a revenue of VND392 billion ($19.6 million) in the first nine months of this year. Its net profit reached VND38.8 billion ($1.9 million) during the period, a year-on-year increase of 29 per cent.
Orient bank offer to raise $56m
HCM CITY — Orient Commercial Joint Stock Bank, or OCB, said it would issue 110 million shares worth VND1.1 trillion (US$56.4 million) later this year to raise its chartered capital from VND2 trillion ($100 million) to VND3.1 trillion ($155 million).
As many as 61 million shares priced at VND10,000 ($0.50) will be offered to existing shareholders at the ratio of 20:1. The remaining shares will be sold privately to its strategic partner, France's BNP Paribas SA, and other domestic investors at prices no less than the share's par value. BNP Paribas is expected to increase its stake to 20 per cent from the current 15 per cent. However, the deal will have to be approved first by the Prime Minister.
Firm to begin buying back shares
HA NOI — Song Da Infrastructure Construction Co (HNX: SDH) registered to buy back one million of its total shares on the market for the purpose of financial restructuring.
The buyback will be executed through a stock exchange trade from November 23 to December 30.Source: vnagency.com.vn
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