Sunday, March 11, 2007

Lan 0904375921 Ha Noi

Japan pledges aid for Hanoi subway


Hanoi needs further investment to improve traffic (Photo: VnExpress)

The Japan Bank for International Co-operation signed a memorandum of understanding Friday to assist Hanoi in building a US$1.4 billion, 15.2 km metro, to be completed in 2013.

The subway will link South Thang Long in the suburban district of Tu Liem with Thuong Dinh in Thanh Xuan district, with 85% of the construction cost expected to come from Japanese Official Development Assistance through the bank.

The network will be part of a 42 km railway route running from Noi Bai International Airport to Ha Dong Town in neighboring Ha Tay province, to be built by 2020.

Source: VNA

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About Mekong Capital

Mekong Capital

Mekong Capital is an employee-owned investment management company which manages the Mekong Enterprise Fund, a private equity fund launched in April 2002, and the Mekong Enterprise Fund II, a private equity fund launched in June 2006. Mekong Capital was established in 2001 by individuals with extensive background in the investment management industry, both in Vietnam and internationally.

With a team of over 35 full time people in our offices in Ho Chi Minh City and Hanoi, we have the largest and most experienced private equity team in Vietnam. Almost all of the senior positions within Mekong Capital are held by Vietnamese, who are also shareholders of Mekong Capital.

Read more http://mekongcapital.com/

About ACB

Head Office Address: 442 Nguyen Thi Minh Khai St., Dist. 3, HCMC, Vietnam Tel: 84-8-9290 999 - Fax: 84-8-8399 885 Email: acb@acb.com.vn - Website :www.acb.com.vn Chartered capital From 14/02/2006 onwards, ACB charter capital reached VND 1,100,047 billion. Financial Highlights

Total assets : USD 1.77 billion
Share capital : USD 69 million
Pre-tax profit : USD 6.9 million
NPL : less than 0.6%

Major foreign shareholders (total stake: 30%)

Connaught Investors (Jardine Matheson Group)
Dragon Financial Holdings Ltd.
International Finance Corporation (IFC) of the World Bank.
Standard Chartered Bank

Major services

Taking deposits in VN dong, gold and foreign currencies
Lending, equity investment in VN dong, gold and foreign currencies
Payment services, treasury services, remittances, bancassurance, foreign exchange trading and gold trading
Credit card and debit card issuance

Distribution channel

80 branches nationwide: - 17 in Northern Region: Hanoi, Hai Phong, Hung Yen, Bac Ninh, Quảng Ninh - 8 in Central Region: Danang, Hoi An, Daklak, Nha Trang, Hue - 45 in Ho Chi Minh City - 10 in Southern Region: Long An, Can Tho, An Giang, Ca Mau, Dong Nai, Binh Duong, Vung Tau

5,646 merchants of ACB Bankcard Center
303 payment locations of ACB-Western Union Center

455 correspondent banks in 100+ countries
Over 658,000 customers

E-banking

Affiliates

ACB Securities Company (ACBS)
ACB Assets and Liabilities Management Company (ACBA)

Subsidiaries

ACB Defense Company (ACBD)
ACB Real Estate Company (ACBR)

Joint-venture

ACB – Saigon Jewelry Company (ACB-SJC)

Organizational Structure

7 divisions: Consumer Banking, Corporate Banking, Treasury, Business Development, Managerial, Human Resource and Information Technology
4 Committees: Supervisory Committee, Strategic Committee, Quality Assurance Committee and Credit Policy & Management Committee
2 Departments: International Relations Department and Assets Appraisal Department