PRESS DIGEST - Vietnam newspapers - May 9
HANOI, May 9 (Reuters) - These are some of the leading stories in the official Vietnamese press on Friday. Reuters has not verified these stories and does not vouch for their accuracy.
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FINANCIAL NEWS:
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THANH NIEN
-- ACB Bank ACB.HN Chairman Nguyen Duc Kien said the bank had invested about 8.47 trillion dong ($530 million) in corporate bonds and about 1.17 trillion dong ($74 million) in shares of other companies.
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THOI BAO KINH TE VIETNAM
-- Sanyo Electric (6764.T) announced a investment of $40 million in a high-tech production plant at Quang Chau Industrial Zone in the northern province of Bac Giang. It is expected to earn $300 million in export revenues by 2011.
-- The Vietnamese Academy of Science and Technology said it would spend $300 million on developing high technology at Hoa Lac Park, about 30 kilometers from Hanoi.
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ECONOMIC AND GENERAL NEWS:
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THANH NIEN
-- Average office rent in Ho Chi Minh City has risen to more than $80 per square metre per month, from about $70 last month, dealers said.
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THOI BAO KINH TE VIETNAM
-- Yahoo (YHOO.O) has signed a deal with MobiFone to provide search services on MobiFone handphones.
- - - - (Reporting by Hanoi Newsroom; Editing by Ben Tan)
