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Siemens, ministry sign power-supply contract

Update: October, 25/2009 - 00:00

In Briefs


Siemens, ministry sign power-supply contract

Ha Noi — Siemens will supply medium voltage gas-insulated switch gear technology (GIS) to the Ministry of Public Security, following the signing of a supply contract between Siemens and Techcom Life Technologies on Saturday.

The new technology is promoted as maintenance free and offers reliability and efficiency as well as cost effectiveness.

The President and CEO of Siemens Viet Nam, Erdal Elver said Siemens aims to offer answers to upcoming challenges in electrical distribution in a country with a growing population and scarce resources.

Innovation expert to speak in HCM City

HCM CITY — American innovation guru Robert B Tucker will visit HCM City for a seminar titled Innovation for Breakthrough Results & Sustainable Growth to be held at Equatorial Hotel on November 18.

He will talk about the latest strategies and research by the world’s most innovative companies to benchmark and analyse their best practices and how these firms are upgrading their practices in light of the global economic downturn.

The programme is designed for managers at all levels.

More details can be found at

Leading internet provider receives State award

HCM City — The country’s largest internet provider, the Viet Nam Datacommunications Company (VDC), will receive the Labour Order, first class, for its contribution to the development of the country from 2004 to 2008.

Established in 1989, the VDC has brought the internet to all 63 provinces in the country, along with multiple services that serve different demands of organisations and individuals.

Broadband broadcaster cuts monthly fee in half

HCM City — FPT Telecom plans to half its monthly fee for its iTV customers from October to December, as the company has finished upgrading its services.

iTV is the only serve-for-demand TV in Viet Nam. The signal is transmitted through the broadband internet and displayed on a TV screen.

IT competition to hand out $139,000 in prize money

HCM City — The city Information and Communications Department’s second ICT competition this year will award total prize money of VND250 million (US$139,000) in addition to financial support for product promotions.

Eligible candidates are organisations and individuals working in information technology and using IT applications. Competition will be held in five groups: best software solutions and products; best hardware product; best value-added service provider; best IT applied enterprises; and organisations, individuals who have made excellent contributions to the city’s ICT development.

The winners will be announced in March. Information is available at Last year, 43 applications from 35 companies took part in four groups with 13 awards given.

VIPCO, Savimex to sell treasury stock

HCM CITY — Petroleum transport company VIPCO (VIP) will sell 1.14 million shares of treasury stock over the next three months to raise capital for ongoing business projects, with sales to begin on Monday.

Import-export company Savimex (SAV) previously announced a similar intent to sell approximately 450,000 shares of treasury stock, beginning from November 2, for purposes of supplementing the company’s capital reserves.

NTACO to pay 16% cash dividend

HCM CITY — Shareholders of NTACO (ATA) must register by November 4 for the first phase of dividend payments for this year, the company announced. A cash dividend of 16 per cent would then be paid out on November 19.

Brokerage partners in offering leverage

HA NOI — APEC Securities Co will collaborate with PetroVietnam Finance Corp (PVFC) and PetroVietnam Securities Co (PSI) to provide financing for stock investments. APEC clients will be able to borrow up to VND20 billion (US$1.12 million) for a three-month term, with loans disbursed within 36 hours of submitting a completed application. — VNS

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