Business News in Brief

According to Vietnam Securities Depository (VSD), 52 foreign investors were granted trading codes in October, of which 21 were institutional investors, and 31 were individual investors, increasing total number of foreign investors who received trading codes to 16,605 with 2,208 institutional investors and 14,397 individual investors.

Vietnam Commercial Joint Stock Export Import Bank (EIB) announced that it will close the list of shareholders on November 20 to ask for their opinions about using post-tax profit in 2013 to buy back 61.78 million treasury shares at a price of VND13,000-14,000 per share, or 5 percent of total common stocks.

Foreign Trade Development & Investment Corporation of Ho Chi Minh City (FDC) approved to pay dividends for the year 2012 in cash at a ratio of 7 percent and advance dividends for the first term of 2013 in cash at a ratio of 9 percent in December. Thus, the company will need VND44.2 billion for this dividend payment. This year, the company’s dividend payout ratio is planned to be at 12 percent.

Viet Nhat Medical Instrument Joint Stock Company (JVC) announced that the sum of VND148.8 billion collected from its share issuance has been invested in two associate projects with K and Viet Duc hospitals. JVC has associated with more than 100 hospitals across the country.

Viet-Han Corporation (VHG) approved to issue bonus shares at a ratio of 2:1 and advance dividends for the first term of 2013 in cash at a ratio of 3 percent. This year, the company set post-tax profit target at VND130 billion and dividend payout ratio of 10 percent. In the first nine months, the company saw net profit of VND75.5 billion while it lost VND21.8 billion in the same period last year.

Song Da Electrical Engineering JSC (SDE) announced that it will close the list of shareholders on November 14 to pay dividends for the year 2011 in cash at a ratio of 6 percent and for the year 2012 also in cash at a ratio of 5 percent on November 28. The company will pay dividends for 2010 in cash at a ratio of 12 percent on November 11.

Danameco Medical Joint Stock Corporation (DNM) announced that it will close the list of shareholders on November 11 to advance dividends for the first term of 2013 in cash at a ratio of 15 percent on November 20. DNM planned to pay dividends at 20-30 percent this year.

Source: Dau Tu Tai Chinh – Translated by Thuy Doan

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