Business News in Brief

HNX will no longer post Viglacera Ba Hien Corp (BHV) and Giai Phong Gara Corp (GGG) because of their past losses of chartered capital.

Vietnam Industry & Trade Securities (VIG) and Construction & Infrastructure Development Corp (CID) will be posted on the warning list due to their losses in 2013.

VNN Investment & Trade Corp, Nghe An Oil Investment & Trade Corp (PXA), and Electricity Material Ha Noi Corp (BTH) will come with a warning due to their losses in 2012-2013.

Locogi 16 Corp (LCG) and Oil Urban & Infrastructure Investment Corp (PTL) will be posted by HOSE. Transactions will be temporarily suspended on April 8-11 due to their losses.

LCG lost VND 36.6 billion in 2012 and VND 306.1 billion in 2013. PTL lost VND 1.3 billion in 2012 and VND 137.2 billion in 2013.

Central Hydropower Corp (CHP) was approved to post 120 million shares. The company has a chartered capital of VND 1,200 billion. Their main operations are producing and building electrical products and construction consultation.

BIDV Insurance Corp (BIC) will host a meeting for shareholders on April 11 to announce plans for increasing chartered capital to VND 1,089 billion. Shareholders will pay 10 percent for dividend payout. The company will promote 30 percent bonuses for strategy shareholders.

BIC expects to reach a revenue target of VND 1 trillion, an increase of 11.7 percent, and gross profit of VND 130 billion, an increase of 3.5 percent, compared to last year.

An Giang of Sao Mai Construction & Investment Corp (ASM) will pay for 5 percent dividend ratio for existing shareholders in 2014. New shareholders will receive 20 percent bonuses. If shareholders buy two shares, they will receive one at a price of VND 10,000. This will mobilize capital for completing high-level urban area Sao Mai Binh Khanh 5 in Long Xuyen City.

Cotec Land Investment & Development (CLG) announced a 25 percent chartered capital of VND 486 billion. They are a founding shareholder of Cotec Healthcare contributing VND 120 billion.

ĐTTC – Translated by Mai Quyen

Other news

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Storm Son Tinh to weaken into tropical low-pressure on July 19

Storm Son Tinh to weaken into tropical low-pressure on July 19

According to the national center for Hydro Meteorological Forecasting, the 3rd storm  Son Tinh at 16pm July 18 centered at 18.8 degrees latitude, 107.5 degrees east longitude, on the Tokin Gulf, 190km from Thanh Hoa to Quang Binh provinces.


Banking-finance

VNPT & SeABank cooperate to enhance connections

The Vietnam Posts and Telecommunications Group (VNPT) and SeABank just co-signed cooperation agreement, aiming to develop the two sides’ economic, business and investment potential.


Economy

Vocarimex plans to expand export markets

The Vietnam Vegetable Oil Industry Corporation -Vocarimex (code: VOC) has set its target the 2018 revenue will reach VND 4,8trillion, an increasing of 9 percent compared to 2017 and pre-tax profit target will be VND 300 billlion ($ 13 million), dividend payment ratio at 12 percent.

 

Self - introduction

VNPT targets to be leading digital service provider in Vietnam

The grand opening ceremony of the VNPT-Information Technology Company (VNPT-IT), a new member of the Vietnam Posts and Telecommunications Group (VNPT), was held yesterday in Hanoi. With thousands of IT engineers and the focus on developing state-of-the-art technological products related to Artificial Intelligence (AI), Bigdata, and Blockchain, the new company is considered the main force to help VNPT fulfill the goal of becoming a leading digital service provider in Vietnam and an important Digital Hub of the neighborhood as well as the world.