Tag Archive for ‘Joint Stock’

Securities Companies In Vietnam Trying to Brave Storm

Up to 56 out of over 100 securities companies in Vietnam reported losses in the third quarter of 2012. Securities brokerage houses suffered a combined net loss of VND212 billion but the earnings reached VND1,100 billion in the first nine months. Many have to restructure to survive in the raging storm. Total revenues of 100 securities companies grossed VND2,107 billion in the third quarter, totaling VND7,864 billion in the three quarters. They suffered from a combined loss of VND212 billion in the third quarter but still earned VND1,100 billion of profits in the January – September period…

Vietnam Business Briefs November 14, 2012

* Dinh Vu Port Investment & Development JSC. (DVP) announced November 26 as ex-date and November 28 as record date for 2012 interim cash dividend payment. The firm will pay dividend at VND2,000/share on December 14, 2012. * Phuc Tien Trade Manufacture JSC. (PHT) reported its current outstanding shares as at November 8 as follows: […]

M&A: Which Are Big Fish And Little Fish In Vietnam?

In recent years, the slang term “big fish eats little fish” is commonly used among the Vietnamese business community and media. The big fish mostly referred to are foreign companies while the little fish denotes a domestic enterprise. However, that is not everything. In that seemingly unequal battle for market share, there are still Vietnamese […]

SeABank celebrates platinum award

HA NOI (VNS)— South East Asia Commercial Joint Stock Bank (SeABank) has been voted and awarded with the “Platinum Category” of the “World Quality Commitment” (WQC) by the Business Initiative Direction (BID) based in Madrid, Spain. This is the second consecutive year that SeABank has been honoured with this prestigious award by BID; in 2011, the bank was given “International Arch of Europe Award for Quality and Excellence” (IAE) by BID. “World Quality Commitment” (WQC) is a prestigious annual award distributed by BID…

Vietnam approves Carlsberg to raise Habeco stake to 30pct

Vietnam has informed the Danish government that Carlsberg A/S (CABGY) can increase its stake in a government-controlled local brewery, the Vietnamese trade and industry ministry said. In a statement over the weekend, the ministry said it had informed Danish prime minister Helle Thorning-Schmidt, who led a delegation that visited Carlsberg target Hanoi Beer Alcohol & […]

Infrastructure Projects In Vietnam Remain Inaccessible To Private Investors

Private investors can all see great potentials in infrastructure projects. However, a lot of things still need to be done to turn the potentials into reality. Le Quoc Binh, General Director of the HCM City Infrastructure Investment Joint Stock Company (CII), when asked about the opportunities in infrastructure projects, said there are numerous projects, but […]

ABBank cooperates with Sai Gon Ford

From November 5, 2012 to February 5, 2013, An Binh Commercial Joint Stock Bank (ABBank) would cooperate with Saigon Ford Ltd Co (Saigon Ford) to run a preferential programme for customers who have demand for car purchase at SaiGon Ford. Accordingly, customers would now be able to own luxury Ford cars with the funding support […]

Tan Hoang Minh Ahead With Project Amid Gloom

Despite grim times in the real estate market, Tan Hoang Minh Group is planning to start three luxury projects in in Hanoi next year. The projects include The D’ San Raffles, located on Hang Bai street, Hai Ba Trung district Do Anh Dung, chairman cum general director of Tan Hoanh Minh, said the three projects […]

Vietnam Bank Restructuring Should Continue Apace: Experts

The State Bank of Vietnam has confirmed that four commercial banks – GP Bank, Navibank, TrustBank and Western Bank – will be restructured by the end of this year because of their weak liquidity. The central bank has not, however, revealed what steps the four banks will take in their restructuring process. Experts agree the move will help improve the quality of the banking system, but say it should have happened earlier. Economist Bui Kien Thanh said, “The restructure should have been done sooner. Amidst low liquidity, the weak banks may offer high deposit interest rates to raise funds, causing…

Nov 13: Vietnam Stocks Fall On Profit Taking

Vietnamese shares closed lower today as traders took quick profit after recent mini rally, liquidity fell. The benchmark VN Index lost 3.4 points or…