* Vietnam National Coal-Mineral Industries Group, or Vinacomin, received government approval to build a US$280 million ammonium nitrate plant in the northern province of Thai Binh, Thoi Bao Kinh Te Vietnam newspaper reported, without saying where it got the information. The facility, to be built by one of Vinacomin's chemical mining units, will have an annual capacity of 200,000 tons, the report said.
* Petrolimex, Vietnam's biggest gasoline and diesel supplier, plans to begin commercial operations at its 505,000 cubic-meter Van Phong bonded oil terminal next year. The facility will be commissioned in April, Henry Yau Win Onn, project manager at unit Petrolimex Singapore Ltd., said on Wednesday. The 29-tank Van Phong terminal in the southern province of Khanh Hoa will be capable of storing 230,000 cubic meters of gasoil, 125,000 cubic meters of gasoline and 150,000 cubic meters of fuel oil.
* Vietnam's foreign debt reached $32.5 billion by the end of 2010, up $4.6 billion year-on-year, according to a recent report from the Ministry of Finance. The debt was 42.2 percent of Vietnam's GDP in 2010, up from 39 percent in 2009. That is the highest foreign debt ratio since 2006, according to statistics from the ministry.
* Toshiba Corp. will begin designing LCD televisions for local markets in India, Indonesia and Vietnam in October to challenge Samsung Electronics Co and other South Korean rivals, the Nikkei business daily reported. The company is set on boosting its worldwide LCD TV sales to 25 million units by fiscal 2013, up 80 percent from fiscal 2010, the daily reported.
* At least 70,000 tons of coffee shipments from Vietnam have either been delayed or not delivered since July after thinning stocks ahead of the new harvest and strong prices prompted farmers as well as shippers to renegotiate contracts, Reuters reported. While some Indonesian exporters have begun quoting beans for next year's delivery, dealers in Vietnam have yet to offer robusta from the new harvest, which is expected to start in October, a month earlier than usual.
* State mining group Vinacomin will divest some of its holdings in four businesses, ranging from insurance and road building to investment funds, in order to comply with a government regulation requiring state-owned companies to cut investment outside their core business, Vietnam News reported Tuesday.
* Masan Group Corp. said a unit has received a three-year, $108 million loan facility from JPMorgan Chase & Co., the Vietnamese company said in a statement. The group, an investment holding company, primarily, engages in the manufacture and sale of food products in Vietnam.