Tag Archive for ‘Joint Stock’

Warnings over previous Made in Vietnam car failure

Director of Xuan Kien Automobile Joint Stock Company (Vinaxuki) Bui Ngoc Huyen claims the failure of Made in Vietnam cars was particularly due to capital difficulties. Huyen said that he carried out research on Made in Vietnam car production and they had been highly appreciated by the National Council for Science and Technology Policy. After […]

Techcombank wants no foreign ownership, temporarily

The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) has no foreign stakeholder following HSBC Bank plc’s divestment in July, and has requested shareholders to approve zero foreign ownership temporarily. In its latest announcement to shareholders on August 30, even as Techcombank asked for approval for a temporary zero per cent foreign ownership, it emphasized […]

Vinalines to cut seaport stake

The Vietnam National Shipping Lines (Vinalines) has proposed to reduce its stake in many strategic seaports. Accordingly, the country’s largest shipping company will reduce its stake in northern Hai Phong Port from the current 92.56% to 65% and in central Da Nang Port from 75% to 65%. Its stake of 80.9% and 99.05% at the […]

PetroVietnam to begin large-scale divestment

Vietnam National Oil and Gas Group (PetroVietnam) will complete the divestment from several subsidiaries by 2020, according to newswire Petrotimes. Accordingly, PetroVietnam is permitted to retain its entire holdings in only three subsidiaries, namely the parent company PetroVietnam, National Southern Spill Response Centre (Nasos), and PetroVietnam Manpower Training College. PetroVietnam will have to divest part […]

Asia’s biggest MDF wood factory begins operation in Vietnam

VRG Dongwha Joint Stock Company on August 28 officially operated the biggest Medium Density Fibreboard (MDF) wood factory in Asia at Minh Hung III Industrial Zone in Chon Thanh District, Binh Phuoc Province. VRG Dongwha MDF is a joint venture between Vietnam Rubber Group and Dongwha Group from the Republic of Korea. The factory was […]

Vietnamese exporters urged to follow rules

Vietnam should strictly follow and continuously update its policies and regulations when exporting products to the United States, which is considered a difficult market with rigorous requirements. This issue was discussed by delegates at a forum on Food Security titled “Market Development for Vietnamese Goods”, co-hosted by the American Chamber of Commerce in Vietnam (AmCham […]

Techcombank to sell 500 million shares in two phases

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) will put 500 million shares on sale in two phases. According to newswire CafeLand, in the first phase, Techcombank will issue 70 million shares at the initial price of VND30,000 ($1.32) apiece. The sale is expected to take place between September and October or when the bank […]

HCM City needs US$37 billion for breakthrough programmes

Ho Chi Minh City will need massive investment from the private sector if it is to meet its goals for transportation, flood control and other areas over the next three years, municipal authorities said at a meeting held on August 24. To implement its seven major programmes for the 2016-20 period, the city needs around […]

Capella begins Tam Thang 2 industrial park construction in Quang Nam

Capella Quang Nam Joint Stock Company, a subsidiary of Capella Land JSC, has begun construction of Tam Thang 2 Industrial Park in the central province of Quang Nam. The park, which has an investment capital of VND350 billion (US$15.4 million), is expected to be ready in two years. The project is located in Quang Nam […]

Nov 14: Vietnam Stocks Close Mixed, Liquidity Falls

Vietnamese shares closed in a mixed note today with draining liquidity as investors eyed government’s steps to boost ailing economy, large cap buoyed the Southern bourse. The benchmark VN Index added 2.49 points or 0.65 % to 387.71. Volume fell further by 16%to 24 million shares worth of VND320.8 billion. Put through trading contributed 1.9 […]