In a major business development, Russia’s energy conglomerate Gazprom has said it will acquire 49 per cent of Vietnam’s first oil refinery Dung Quat, and will also invest in manufacturing gas engines in the Southeast Asian country, through a $1 billion joint venture between the Gazprom International unit and PetroVietnam. Meanwhile, ornament trader Phu Nhuan Jewelry is planning to issue more than $22 million bonds instead of selling shares to its stakeholders.
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