Gemadept to pay 80% dividend (Wednesday, February 28,2018)
Gemadept Corporation – a logistics firm - plans to make an 80% dividend payout rate, equal to VND8,000 (US$35 cents) per share, if its plan gets approved by the HCM Stock Exchange on February 26.
SCIC to sell stake in Binh Minh Plastic JSC (Tuesday, February 27,2018)
The State Capital Investment Corporation (SCIC) plans to sell nearly 30 percent of its stake in Binh Minh Plastic JSC or 24.1 million shares on March 9 on the HCM Stock Exchange.
Vietcombank to sell 10% stake to foreign investors (Tuesday, February 27,2018)
The Commercial Bank for Foreign Trade of Vietnam (Vietcombank) is planning to sell more than 350 million shares, or a 10% stake, to foreign investors in the first half of 2018.
Mercedes-Benz continues to expand investment (Monday, February 26,2018)
Mercedes-Benz Vietnam will keep expanding investments in the coming time despite a strong drop in the local market, plus disadvantages for local auto manufacturers as the import tax on completely-built-up cars is on the decline.
Viettel to officially launch Mytel in first quarter (Monday, February 26,2018)
Myanmar National Tele & Communications Co., Ltd. (Mytel), a joint venture between Viettel and its partners in Myanmar, will officially start supplying telecommunications services in the first quarter of this year with the expected strategy of focusing on rural and remote areas, Viettel’s proven formula at overseas markets.
EVN resolved to ensure electricity supply (Sunday, February 25,2018)
The Electricity of Vietnam (EVN) will invest in power projects within local and national electricity development planning schemes from 2016-2020.
Viglacera builds Dong Van IV IP’s infrastructure (Friday, February 23,2018)
Viglacera Corporation on February 22 started construction of a power project and a wastewater treatment facility at the Dong Van IV Industrial Park in the northern province of Ha Nam.
Thaco launches new agricultural machine factory (Thursday, February 22,2018)
The Truong Hai Auto Corporation (Thaco) on February 21 launched its agricultural machine factory in Chu Lai open economic zone in the central province of Quang Nam.
Japanese group builds auto parts factory in Thai Binh (Thursday, February 22,2018)
Construction on a US$24.6 million auto parts factory is under-way in the northern Thai Binh province’s Tien Hai Industrial Zone with completion expected in July 2019.
VNR aims to raise modest US$6.2 million from share sale (Wednesday, February 21,2018)
The Vietnam Railway Corporation (VNR) hopes to raise at least 139 billion VND (6.2 million USD) in 2018 from selling its ownership in 15 subsidiary and affiliate companies, reported online newspaper baodautu.vn.
Vietnam Airlines, Jetstar Pacific add flights for Tet (Wednesday, February 21,2018)
National carrier Vietnam Airlines and its subsidiary Jetstar Pacific have added seven flights, or 1,300 seats.
AkzoNobel Paint Vietnam accompanies “Fresco for the Future” project (Tuesday, February 20,2018)
AkzoNobel, a world-leading paint and coating manufacturer, with Dulux and Maxilite product lines, accompanies a wall painting project featuring the beauty of the sea and islands in Vietnam with the theme “Fresco for the Future”, helping restore the appearance of Canh Duong fishing village in Quang Binh Province after storm number 10 in September 2017.
Home Credit Vietnam hits high-profile award (Monday, February 19,2018)
Czech-backed consumer financial firm Home Credit Vietnam Finance Company Limited has just received the Best Consumer Finance Mobile App Vietnam 2017” by International Finance Magazine.
Nafoods and new major shareholder shoot for high growth in 2018 (Thursday, February 15,2018)
Vietnam-focused activist investment company Endurance Capital Vietnam I Ltd. recently decided to increase its ownership in local partner Nafoods by adding a total of 753,958 shares to its current holding, and thereby becoming the latter’s major shareholder with a total of 5.5 per cent of the shares.
Genco 3’s IPO ends with only 3 percent of shares sold (Wednesday, February 14,2018)
Only 3 percent of a total of 267 million shares offered in the initial public offering (IPO) of Power Generation Corporation 3 (Genco 3) on February 9 were sold successfully, a poor result given the high market expectations before the sale.
Pyn Elite increases holdings in a series of companies (Tuesday, February 13,2018)
Pyn Elite Fund (Non-Ucits) has announced increasing its holdings in a series of companies where it still holds a partial stake, namely JVC, HBC, CMG, VCG, and CII.
Mobile service providers ready for Tet rush (Tuesday, February 13,2018)
Leading mobile phone service providers Viettel and MobiFone have said they are ready to cope with the expected rush during the Lunar New Year (Tet).
SSI issues US$50 million bond to a foreign investor (Monday, February 12,2018)
Saigon Securities Inc (SSI) issued convertible bonds worth a total 1.15 trillion VND (50.4 million USD), the company said on February 9.
RoK firm seeks agricultural cooperation with Cao Bang (Monday, February 12,2018)
A delegation from the Agerina technology group of the Republic of Korea (RoK) on February 9 met with officials of the northern mountainous province of Cao Bang to seek cooperation opportunities in agriculture development with the locality.
VinFast debuts technician training centre in Hai Phong (Sunday, February 11,2018)
VinFast Manufacturing and Trading Company Limited, a subsidiary of Vingroup, opened a centre for mechatronic and industrial mechanical technician training in northern Hai Phong city on February 7.
Trung Nam Group to run solar power plant next year (Sunday, February 11,2018)
Trung Nam Group will put into operation a solar power plant with a total capacity of 204 MW in the south-central province of Ninh Thuan next year, an executive said.
SeaBank acquires Post and Telecommunication Finance Co., Ltd. (Sunday, February 11,2018)
Despite being in the red, Post and Telecommunication Finance Co., Ltd. (PTF) has just been successfully auctioned at the initial price of VND500 billion ($220 million).
Ford Vietnam gains double-digit market share (Saturday, February 10,2018)
Ford Vietnam has reported that it has for the first time achieved double-digit market share in the country after increasing by one percentage point in 2017.
NovaLand hands over 11 projects to customers this year (Saturday, February 10,2018)
NovaLand, one of the leading property developers, expects to hand over 11 projects in 2018, bringing significant revenue and reducing inventory.
Vietnam Rubber Group eyes higher profits (Friday, February 9,2018)
The Vietnam Rubber Group (VRG) targets an 8% rise in revenues and 33% rise in pre-tax profits this year, VRG Deputy General Director Nguyen Tien Duc has said.
VNSteel set target VND350 billion profit in 2018 (Friday, February 9,2018)
Vietnam Steel Corporation (VNSteel) said that in 2017, the production and business activities of the corporation basically achieved the objectives.
MWG to open six more BigPhone stores in Cambodia this year (Friday, February 9,2018)
Mobile World Investment Corporation (MWG), or The Gioi Di Dong, said it would open six more BigPhone stores in Cambodia’s capital of Phnom Penh this year, taking the total to 10.
EVN’s power generation rises 12% in January (Thursday, February 8,2018)
The Electricity of Viet Nam (EVN) said it had generated an estimated 14.6 billion kWh electricity in January, a year-on-year increase of 12.06 per cent.
640 firms earn quality certificates (Thursday, February 8,2018)
The Business Association of High-Quality Vietnamese Products conferred its recognition on 640 businesses at a ceremony held in HCM City on Wednesday.
Ford Vietnam launches new Ford EcoSport (Wednesday, February 7,2018)
Ford Vietnam has launched compact sport utility vehicle Ford EcoSport at a ceremony held at its plant in the northern province of Hai Duong.