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Tag Archive for ‘Joint Stock’

Some notable M&A deals between Japanese and Vietnamese firms

* DIAIF Fund announced its purchase of 25 percent stake in Nutifood. * Daio Paper Corporation (Daio) and BridgeHead Investment Fund (under Development Bank of Japan) hold 48 percent stake in Saigon Paper JSC. * Unicharm Group acquired 95 percent stake in Diana. * Japan-based Sojitz Group bought 51 percent shares of Huong Thuy Production Service and Trading Joint Stock Co, a large food retailer in Vietnam. The company has a transport network nationwide with 12 transit facilities, specializing in providing food and drinks for about 40,000 stores. * Veglia Laboratories Co together with another Japanese partner acquired 20 percent stake in Viet Esco Co, an…

Vietnam Business Briefs November 13, 2012

* HCM City Securities Corporation (HCM) reported its outstanding shares as at November 2 as follows: The firm has had 100,565,957 outstanding shares since November 2 after buying 15,250 treasury shares. Earlier, the company had 100,581,207 outstanding shares. HCM has a charter capital of VND1,008.5 billion. * Ninh Hoa Sugar JSC. (NHS) whose chair is Thai Van Chuyen, vice Chair of Gia Lai Cane Sugar Thermoelectricity JSC. (SEC) registered to buy 2 million shares from November 15 to December 15 through order-matching and put-through. Currently, NHS is expected to hold 4 million SEC shares versus 2 million SEC shares currently. * Sadico Cantho Joint Stock Corporation (SDG) announces…

China prohibits fresh shrimp imports from Vietnam

VietNamNet Bridge – Vietnamese officials have been astonished with the information that China has prohibited to import fresh shrimp from Vietnam. The Ministry of Agriculture and Rural Development (MARD) has requested its belonging agencies to clarify why China has released the decision to prohibit importing fresh shrimp from Vietnam. No state management agency had been informed about the news until a seafood company sent a dispatch to the Ministry of Industry and Trade (MOIT), informing that it could not export shrimp to China. An official of MOIT said the information came from Tuong Huu Company headquartered in Tan Phu district…

Polluting firms in Dong Nai fail to to clean up their act

VietNamNet Bridge – A large number of enterprises previously reprimanded for polluting the environment in southern Dong Nai Province have continues to use substandard waste treatment systems, the provincial Department of Natural Resources and Environment has said. A series of environmental inspections last month checked on 150 local businesses that were placed on the department’s […]

Vietnam’s Bank Chief To Be Queried Over Irresponsible Comment

Nguyen Van Binh, governor of the State Bank of Vietnam, has received 361 requests from National Assembly delegates to make a formal explanation on Tuesday over a statement he made last week. With such number of requests, Binh is the Government member having received the most questions after stating “as the governor of the State Bank of Vietnam, I could not promise anything about the handling of non-performing loans (NPL), or bad debt,” in a National Assembly (NA) meeting…

Nov 12: Vietnam Stocks Rise, Liquidity Improves

Vietnamese shares closed higher today, banking shares outperformed, liquidity rose. The benchmark VN Index gained 1.91 points or 0.4 % to 388.62. Volume rose 69.3%to 41.9 million shares worth of VND527.4 billion. Put through trading contributed 9 million shares worth of VND168.13 billion. Today’s market breadth turned positive on the primary bourse where 158 stocks […]

Sacombank Refuses to Buy SJC Bullion with Old Packages

Saigon Thuong Tin Commercial Joint Stock Bank (STB) has recently refused to buy SJC-branded bullion with old packages, the local newswire Infonet.vn reported. One customer could not sell a tael of SJC gold to a transaction office of Sacombank on Tran Thai Tong Street due to the above reason although he presented invoice indicating that he previously bought the gold from the bank. Other customers were also told that the lender would no longer trade SJC with the earlier packages. The Saigon Jewelry Company Limited (SJC) late last month announced that SJC bullion of a half, one, two…

Vietnam Business Registration To Be Streamlined

Business registration red tape is to be a thing of the past. Service should be improved and fees will increase under a new system for handling business registrations The process of business registration, previously regarded as simply a state management function, will be regarded as a service starting from December 10, 2012, under the Ministry of Finance (MoF) newly enacted Circular 176/2012/TT-BTC. Organizations and individuals register businesses shall have to pay increased charges set at a level sufficient to cover expenses instead of the current nominal fee level. Under current regulations at Circular 197/2006/TT-BTC, organizations and individuals in need of…

Vietnamese Software Firm Eyes “New City”

Quang Trung Software City Development Company has been instructed by the Ho Chi Minh City People’s Committee to work with the planned Thu Thiem new urban area management board to study possible locations for developing a second site. Quang Trung software has hopes for new urban project According to Chu Tien Dung, chairman of Quang Trung Software City Development Company (QTSC), Thu Thiem Software Park is a prime candidate for QTSC2. “We are researching some places for QTSC2 and will report to the Ho Chi Minh City People’s Committee the best one,” Dung said. “As we have seen, Thu…

Vietnam Business Briefs November 12, 2012

* Hoa Binh Rubber Company (HRC) has announced November 20 as the ex-dividend date to advance 2012 first round dividend in cash for share-holders at 15 percent. * Asia Commercial Bank has issued gold mobilization certificates with terms of four, five and six months and interest rates from 0.8 percent to 1.8 percent per annum. * Ba Ria-Vung Tau House Development Company (HDC) has launched the sale of 20 villas of Doi Ngoc Tuoc II project. * Petroleum Technical Services Corporation (PVS) obtained VND883 billion in after- tax profit as of the end of September, a 26 percent year-on-year increase. * Vietnam…