According to Bloomberg, Skoda Praha a subsidiary of CEZ signed toady a memorandum of understanding with the Vietnam state power utility on the construction of 6x 500MW coal fired units. The Vietnam utility wants to start the first unit of the planned power plant in 2010, said spokeswoman of Skoda Olga Dvorecka. Our view: We see it positively that the project is developing in the right direction, but we see it as neutral for today’s trading.