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Tag Archive for ‘Dividends’

PAN Food acquires Bibica in latest merger

The PAN Food empire marches on: the company just announced its successful acquisition of Bibica Corporation with 50.07 per cent of total share ownership. PAN Food first put up public bids for more than 1.12 million Bibica shares, stock code BBC on the HCM Stock Exchange, from July 6 to August 21, 2017, at VND112,800 […]

MoIT stake sale’s main lure: VEAM

The Ministry of Industry and Trade has announced plans to divest from six firms under its management from now until 2020, most notably, in this year’s sell-off of Vietnam Engine and Agricultural Machinery Corporation stock. Last week, a list of six firms slated for partial and complete divestment was released by the Ministry of Industry […]

KTS to seek shareholders’ opinions on plans to raise chartered capital

Kon Tum Sugar JSC plans to summon the shareholders’ extraordinary meeting in December 2012 to ratify the dividends advance payment by share in 2012, in order to raise the chartered capital from 39 billion dong to 50.7 billion dong. This capital serves the substitute investment project, upgrade equipment to improve production efficiency, products quality to […]

Vietnam’s NPL Rate Slowing, But Broad Trouble Remains

The volume of non-performing loans, which increased sharply this year against last year, has been growing at a slower rate since June. State Bank Governor Nguyen Van Binh told the National Assembly last week that the situation of non-performing loans (NPLs) had been consistent with macroeconomic movements. “The growth pace of NPLs has been clearly […]

VPBank Gets Approval to Raise Charter Capital to VND5.77Tln

Vietnam Prosperity Commercial Joint Stock Bank (VPBank) got the approval from the State Bank of Vietnam (SBV) to raise its charter capital by VND720 billion to VND5.77 trillion, the central bank said in a post on its website. The unlisted lender will use retained earnings and reserves to hike its charter capital, according to the plan passed by the Annual General Meeting (AGM) on Apr 24 this year. According to the plan, the bank will raise its charter capital to VND5.77 trillion from VND5.05 trillion through issuing share dividends and bonus shares to its existing shareholders. The bank plans use VND…

HAGL boss earns most money on the stock market 2012

VietNamNet Bridge – The last trading session of 2012 will take place in the next two months but the current statistics are enough to show that Chairman of Hoang Anh Gia Lai Group (HAGL), Mr. Doan Nguyen Duc, will likely be the one whose assets increase at the highest level on the stock market in 2012, with more than VND1 trillion ($50 million). HAGL Chair Doan Nguyen Duc. According VnExpress.net and its data provider – VNDirect, by November 1, 100 people who are considered to have their assets increasing at the highest level on the stock market in 2012 accumulated more than VND7.2 trillion…

Demand For Loans In Vietnam At Year End Shows No Signs Of Increase

In the context that demand for loans of local firms does not seem to heat up, commercial banks express worry of not achieving credit growth targets this year, the Saigon Times reported. Chairman of Orient Commercial Bank (OCB) Trinh Van Tuan said that the lender expanded credits by 10% in 9M this year and the number did not change by the end of October. A number of businesses have contacted OCB asking for business loans. Yet, in many cases, after the loans were approved, business did not come back for disbursements. Director of a small bank in Ho Chi Minh…

Doesn’t add up

Experts have qualms about banks’ profit claims…

Vietnam Banks Are Banned to Pay Dividends If Failing to Make Full Lending Provision: SBV

By the end of this year, whichever lenders fail to set aside full provisions for loan losses are not allowed to pay dividends to shareholders, said Nguyen Van Binh, Governor of the State Bank of Vietnam (SBV). By the end of this year, whichever lenders fail to set aside full provisions for loan losses are not allowed to pay dividends to shareholders, Nguyen Van Binh, Governor of the State Bank of Vietnam (SBV) told legislators at the National Assembly meeting in Hanoi early today. The central bank will perform necessary supervision and inspection to ensure that bank profits are prioritized…

CTG: Unconsolidated Net Profit Jumps 73pct to 2.4tr dong in Q3/2012

Vietnam Joint Stock Commercial Bank for Industry and Trade or Vietinbank (CTG) said its unconsolidated net profit increased by 73 percent on year to VND2.41 trillion ($115.9 million) in Q3/2012. Among key profit components, Vietinbank’s net interest income, or its core business, fell 13 percent on year to VND4.57 trillion in the third three-month period, the lender said in its unconsolidated financial statements posted on the STC’s website. Net fee and commission income soared 464 percent to VND264.1 billion in the quarter but net gain from forex trading decreased 7 percent to VND85.3 billion in the period. The lender posted a…