will make environmental protection a priority when considering future foreign direct investment projects, said Nguyen The Phuong, deputy minister at the Ministry of Planning and Investment. "We will give priority to projects which come with green solutions, use less natural resources such as coal, fuel, and electricity," Phuong told reporters at a conference in Hanoi. The ministry is working on a plan to attract foreign investment in fields which would help develop green technology in
, he said.
* The State Securities Commission will submit a plan to restructure the stock market to the government this month, Vice Chairman Nguyen Doan Hung said. Measures are expected to be taken to reduce the number of securities firms and increase operational quality, financial capacity and risk management, local media reported.
* Societe de Bourbon Tay Ninh Joint- Stock Co., Vietnam's largest-listed sugar company, forecasts profit will jump 42 percent this year amid rising consumption. Net income will likely be VND490 billion (US$23.3 million) this year, General Director Nguyen Ba Chu said Tuesday. Profit in 2010 was VND345.2 billion and output rose by a third to 80,000 tons this year from 2010, he said.
* Eight banks, including four Vietnamese and four fully foreign owned lenders, have signed an agreement to act as market makers to increase the transparency of the bond market and boost liquidity, Dau Tu newspaper reported Wednesday, citing General Secretary Do Ngoc Quynh of the Vietnam Bond Market Association.
* Vietnam's state-owned corporations have no plans to sell shares to the public until the end of the first quarter next year, Pham Viet Muon, vice chairman of the government office, said in Hanoi last week. "From now until the end of the first quarter, I haven't seen any state-owned corporations, apart from Bank for Investment and Development of Vietnam, having a plan to sell shares to the public," Muon said.
* The Ministry of Finance has asked its local units across the country to step up measures to stabilize prices and markets before and after the Tet holiday period, according to a statement posted on its website Tuesday. The ministry asked its units to ensure supply of essential goods to meet demand that may spike during the holiday. Vietnam will celebrate the Lunar New Year, known as Tet, in late January.
* Vinpearl Joint-Stock Co. will delist its shares from the Ho Chi Minh Stock Exchange on December 26, it said in a statement filed on the bourse's website late Tuesday. The company will delist the shares as part of its planned merger with Vincom Joint-Stock Co.
* Vietnam Shipbuilding Industry Group, also known as Vinashin, will complete and deliver 74 ships worth $584.7 million in 2011, Prime Minister Nguyen Tan Dung said in a statement posted on the government's website Tuesday. Of the ships, 24 are for export, according to the statement.