With the current high interest rate of 19-21%, energy groups of Vietnam are facing lot of difficulties in accessing capital, especially in the context that banks are ignoring capital provision to the electricity industry due to debt problems. Last weekend, Vietnam Energy Association organized a conference to discuss common measures to hasten energy projects. The title came from debt problems of groups, which caused many barriers for smaller sized energy enterprises in accessing loans. SEE MORE
HA NOI – The US dollar-Vietnamese dong exchange rate is expected to hold steady to the end of this year, but ANZ bank anticipates a dong devaluation early next year.
SINGAPORE (ICIS)--AkzoNobel will invest €140m ($200m) in new membrane electrolysis technology to upgrade its 165,000 tonne/year chlorine plant in Frankfurt, Germany, the Dutch paints and coatings company said on Monday. SEE MORE
Global recovery concerns, strength in dollar and monetary tightening measures in India and China impacted market sentiments in commodities. Crude oil prices fell on demand concerns while natural gas market gained on higher temperature forecasts this summer. SEE MORE
Coal import could have been delayed for tens of years
VietNamNet Bridge – Experts believe that if Vietnam had applied a more reasonable policy on coal exploitation and export, it could have delayed the time of importing coal for tens of years.