* Vietnam's top technology services firm FPT has set itself the target of entering Forbes Global 2000, the list of the world's biggest and most powerful companies, by 2024, according to local media reports. As part of its development plan, the company has appointed deputy CEO Truong Dinh Anh as its new CEO. Former CEO Nguyen Thanh Nam has resigned from the position after two years of leading the company.
* Posco Power Corp., a unit of South Korea's biggest steelmaker, said it signed a contract with US-based AES Corp. to join a project to build Vietnam's Mong Duong 2 power plant. The power-generation unit of Posco will acquire a 30 percent stake from AES in the coal-fired power plant, Posco Power said in an e-mailed statement on Wednesday.
* The State Bank of Vietnam on Monday denied a rumor that a new VND1 million banknote would soon be released. The rumor of the new bank note appeared on a number of online forums, the bank said. Bank officials dismissed it as groundless.
* The Vietnam Bank for Social Policies, a state-owned lender, raised VND3 trillion (US$143.6 million) from the sale of two-year bonds at auction on Monday, Hanoi Stock Exchange said in a statement on its website. The bank failed to sell VND4 trillion of three-year securities and sold only VND300 billion of five-year notes, less than its original plan of selling VND1 trillion.
* Vietnam has raised the minimum export price for its 5 percent broken rice to $520 a ton from $500 before, effective from Tuesday, the Vietnam Food Association reported on its website. The price applies to exports on a free-on-board basis in February and March, the VFA said. The minimum export price for 25 percent broken rice was raised to $490 a ton from $480 a ton previously.
* Eximbank, 15 percent owned by Japan's Sumitomo Mitsui Financial Group, said its net profit surged 60 percent to VND1.82 trillion ($87 million) last year. The lender earned VND586.8 billion in net profit in the fourth quarter last year, up 261 percent from the same period a year earlier, it said in a statement.
* Japanese businesses have registered to invest $20.8 billion in Vietnam so far, becoming the country's third-largest foreign investor after Taiwan and South Korea, said the Planning and Investment Ministry's Foreign Investment Agency.