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BUSINESS IN BRIEF 11/5   2009-05-11 - VietNamNet/TN, VNA

Loan helps boost Central Highlands coffee industry

As many as 750 billion VND will be provided for the production and development of coffee industry in the Central Highlands region.

Under a cooperation agreement signed between the Central Highlands coffee import-export joint stock company, the PetroVietnam Fertilizer and Chemicals Corporation (PVFCC) and the PetroVietnam Finance Corporation (PVFC) on May 10, coffee producers in the Central Highlands will be able to buy nitrogenous fertilizers from the PVFCC at a preferential interest rate (down by 4 percent compared to the bank loan rate).

The growers will also be assisted with production techniques as well as price and market information.

Indochina Airlines links deal with Vietnam Airlines

Private carrier Indochina Airlines has concluded a cooperation agreement with Vietnam Airlines aiming to offer better service to customers for mutual benefit.

Vietnam Airlines will assist Indochina Airlines with training staff, providing pilots and leasing aircraft.

The cooperation will also cover passenger transportation in case of delays or cancellation of flights by either airline.

The private carrier plans to launch new routes between HCM City and Hue , and Hanoi and Nha Trang, before the end of this year. Its current flights serve the Hanoi-HCM City and HCM City-Danang routes.

It has several promotional programmes on offer for individual and corporate customers including discounts and a lucky draw with a Toyota car as the prize.

With the first flight taking off last November 25, Indochina Airlines has so far safely flown 1,570 flights carrying over 173,000 passengers and 4,000 tonnes of cargo at an average occupancy of 80 percent.

HCM City hosts industrial machinery expo

The 17 th International Industrial Machinery Exhibition (ITME) will open in Ho Chi Minh City on May 12 and run until May 15, offering manufacturers and traders the opportunity to forge business relationships.

Around 200 companies from several countries and territories including mainland China , Hong Kong , Taiwan , the Republic of Korea , Japan , Singapore and the UK will participate in the IIME 2009.

They will present new technologies and equipment in various fields such as plastics and rubber, printing and packaging. Highlights of the exhibition will include electrical and mechanical products for the railroad industry, air compressors, injection moulding equipment, weathering testers and ultrasonic metal welding.

The exhibition will be held at the Saigon Exhibition and Convention Centre on Nguyen Van Linh Parkway . The event is being organised by the VCCI International Fair and Exhibition Centre and Hong Kong ’s Top Repute, which specialises in organising fairs.

Lienvietbank makes $14.6 mil. profit in first four months

 
Lien Viet Commercial Joint-Stock Bank said it had a pretax profit of VND260 billion (US$14.6 million) in the first four months of this year, helped by income from bond trading and loans.

The lender, also known as LienVietBank, had deposits of VND6.5 trillion and total outstanding loans of VND3.6 trillion in the four months, it said in an e-mailed statement last week.

The bank expects full-year pretax profit to rise five percent to VND466 billion.

Ha Nam Mineral posts 59 percent decline in Q1 net profit

Ha Nam Mineral Joint-Stock Co. posted a 59 percent drop in first quarter net profit, according to a statement on the Ho Chi Minh Stock Exchange’s website.

Net income fell to VND2.47 billion (US$138,908) in the Januaryto-March period from more than VND6 billion a year earlier, the statement said. No reason was given for the decline. 

VietNamNet/TN, VNA

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