Construction begins on Mikasa property project

An artist’s impression of Mikasa property project - Photo: Courtesy of C.T Group

HCMC – Nguyen Hong Joint Stock Co. on Wednesday started construction of its property project Mikasa on Nguyen Hong Street in HCMC’s Go Vap District, which once in place in early 2012 will supply the market with 156 apartments.

The company said in a statement on Wednesday that the 15-story building with total floor area of 29,000 square meters with use the first floor for commercial and service facilities.

The apartment building is designed by Malaysian company GDP Architect, which is also the designer for the Sheraton Hanoi Hotel in Vietnam.  

The total investment of the project is about VND300 billion. CB Richard Ellis is in charge of marketing and sales for the apartment building expected to be opened in January 2012.    

Nguyen Hong Joint Stock Co. is a joint venture between C.T Group and Malaysia-based Parkland.

The C.T Group has 36 member companies operating in six fields, including real estate, tourism, and financial investment.

The group said that three of its subsidiaries are expected to list stocks on bourse between now and 2012. They are C&T International Joint Stock Company, C.T Retail Joint Stock Company and Joint Stock Company, and Green Valley Minerals Joint Stock Company, with combined capital of VND1.663 billion.

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PetroVietnam pumps first crude in Russia

A joint venture between PetroVietnam and the Russian oil group of Zarubezhneft has pumped the first crude oil from well in Russia’s autonomous Nenesky region, PetroVietnam has announced.

The Vietnamese oil giant said it was the outcome of two years’ hard working following the establishment of the Rusvietpetro joint venture and one year’s exploration.

In addition to investment in oil well construction and exploration, the joint-venture has built a central oil collection and processing station, installed a system of oil pipes and erected an oil reception and delivery station.

The joint venture is ready to embark on industrial-scale production with an expected output of 3,000 tons of crude a day (equivalent to 21,000 barrels a day).

PetroVietnam signed a deal with Zarubezhneft on December 24, 2008, under which it holds a 49 percent stake in Rusvietpetro to produce oil from four oil fields in Russia ’s autonomous Nenesky region.

Exploration work has detected 13 oil wells estimated to hold up 95.6 million tons of crude.

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Outstanding Vietnamese businesses honored

Two hundred outstanding businesses received the Sao Vang Dat Viet (Vietnam Gold Star) Award at a ceremony held in Ho Chi Minh City on Thursday.

Deputy Prime Minister Truong Vinh Trong congratulated the awarded businesses, acknowledging and honoring their contributions to the country’s development.

He said he believed that Vietnamese entrepreneurs would further develop, making more contributions to the country and honoring Vietnam’s reputation in the world.

Vietnam is facing both opportunities and challenges in the context of integration and economic development, he said, urging the business circle to be active and creative and unite together.

On behalf of the government, Deputy PM Trong commended the Ho Chi Minh Communist Youth Union and the Vietnam Youth Federation, for their creative activities and organization of the award ceremony annually.

Since the annual event began in 2003, as many as 1,327 Vietnamese businesses have been honored.

The 200 businesses selected this year all had stable growth rates. Their combined turnover exceeded VND475 trillion (US$24.4 billion). They collectively contributed nearly VND44 trillion to the State budget, earned after-tax profits of more than VND48 trillion and created over 390,000 new jobs.

Top ten 2010 Vietnam Gold Star Awards go to FPT Telecom Joint Stock Co, Truong Hai Auto Corp, HANAKA Group, Tien Phong Plastic Joint Stock Co, PetroVietnam Construction Joint Stock Corp, Thai Nguyen Steel Joint Stock Co, Vietnam Garments Joint Stock Co, Trung Nguyen Coffee Group, Vietinbank and Vietnam Rubber Industry Group.

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Outstanding Vietnamese businesses honoured

Two hundred outstanding businesses received the Sao Vang Dat Viet
(Vietnam Gold Star) Award at a ceremony held in Ho Chi Minh City on
September 2.

Deputy Prime Minister Truong Vinh Trong
congratulated the awarded businesses, acknowledging and honouring their
contributions to the country’s development.

He said he believed
that Vietnamese entrepreneurs would further develop, making more
contributions to the country and honouring Vietnam’s reputation in
the world.

Vietnam is facing both opportunities and
challenges in the context of integration and economic development, he
said, urging the business circle to be active and creative and unite
together.

On behalf of the government, Deputy PM Trong
commended the Ho Chi Minh Communist Youth Union and the Vietnam Youth
Federation, for their creative activities and organisation of the award
ceremony annually

Since the annual event began in 2003, as many as 1,327 Vietnamese businesses have been honoured.

The 200 businesses selected this year all had stable growth rates.
Their combined turnover exceeded 475 trillion VND. They collectively
contributed nearly 44 trillion VND to the State budget, earned after-tax
profits of more than 48 trillion VND and created over 390,000 new jobs.

Top ten 2010 Vietnam Gold Star Awards go to FPT Telecom
Joint Stock Company, Truong Hai Auto Corporation, HANAKA Group, Tien
Phong Plastic Joint Stock Company, PetroVietnam Construction Joint Stock
Corporation, Thai Nguyen Steel Joint Stock Company, Vietnam Garments
Joint Stock Company, Trung Nguyen Coffee Group, Vietinbank and Vietnam
Rubber Industry Group./.

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