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Tag Archive for ‘Rubber’

Ho Chi Minh City’s economy on steady growth track

Ho Chi Minh City’s economy continued its steady growth in the first eight months this year, said the municipal authorities during a working session reviewing the city’s performance in the period on September 5. Speaking at the event, Director of the municipal Department of Planning and Investment Su Ngoc Anh said the total retail value […]

Toyoda to build airbag plant in Vietnam

Toyoda Gosei Co., Ltd. on Wednesday released plans on its website to establish a new plant for producing airbag parts in the northern province of Thái Bình, Việt Nam. According to the announcement, the factory has total investment capital of US$24.6 million and construction is expected to start in March, 2018. The plant is planned […]

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 […]

Vietnam rubber exports up 58 % in 7 months of 2017

Vietnam exported 634,995 tons of rubber to get US$1.1 billion in the first seven months of this year, up 12.2% in volume and 58.4% in value against the corresponding period last year, according to the General Department of Vietnam Customs. In July alone, 151,138 tons of rubber were shipped abroad with a value of US$225.5 […]

Vietnam exports to UK see slight rise

Vietnam exports to the UK hit US$2.8 billion in the first seven months of this year, up 1.61% against the same period last year, according to the General Department of Vietnam Customs. Telephones and components were key products, accounting for 35.2% of the total export revenue, however, its growth in the period fell 7.09%. Garment […]

Forum talks up CLV development triangle

A Dak Lak province business forum late last week discussed measures to further promote investment in the Cambodia-Laos-Vietnam Development Triangle. About 300 delegates and guests from the three countries attended the forum, organized by the Vietnam’s Ministry of Planning and Investment (MPI), in partnership with Vietnam’s Association of Foreign-Invested Enterprises (VAFIE) and the Vietnam-Laos-Cambodia Association for Economic Cooperation Development. Dang Xuan Quang, deputy head of the Foreign Investment Agency, said the Vietnamese government was encouraging Vietnamese companies to invest in the development triangle. Many Vietnamese enterprises have gained encouraging successes in doing business in Cambodia and…

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…

Vietnamese Doing Business In Laos, Cambodia Tougher

Vietnamese investors have found it harder to do business in Laos and Cambodia as the two countries recently changed policies on land, natural resources and minerals management. The Ministry of Planning and Investment last Friday chaired a forum on investment cooperation in the Mekong Sub-region 2012 in Buon Ma Thuot City in Daklak Province under […]

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…

DPR estimates to gain 24.5b dong profit in Oct

Dong Phu Rubber Join Stock Co (coded DPR) said that in October 2012, DPR sold more than 1,212 tonnes of rubber latex, at an average price of 59.8 million dong /tonne, reaching 74.4 billion revenue and profit before tax was estimated at 24.5 billion dong . On November 27, DPR will pay dividend in cash for the first round 2012 at 15%. Like other companies in rubber industry, because of low rubber rubber prices this year, DPR’s profit target in 2012 is not as satisfactory as last year. In such difficult situation, DPR is planning to set its business target for 2013 carefully. DPR is waiting for the capital divestment…