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Tag Archive for ‘Shares’

Vinalines’ designs to maintain controlling stake in three strategic seaports

Vietnam’s shipping group Vinalines are looking to keep holding at least 65% of the chartered capital in large-scale seaports in Haiphong, Danang, and Saigon, which are considered geese that lay golden eggs. Recently, Vinalines has proposed the Ministry of Transport (MoT) to authorize it to spend VND247.5 billion ($10.9 million) on buying 2.475 million of […]

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 […]

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 […]

Vietnam market to maintain upward trend in September 2017

It’s expected to be a strong September on the local stock market, as investors are maintaining confidence after positive economic data in August and a period of prolonged net buying by foreign traders. The VN-Index on the HCM Stock Exchange increased 2.2 per cent last week, with gains in four out of total five sessions. […]

Vietnam Airlines to finalize schedule for call option auction

Vietnam’s biggest air carrier Vietnam Airlines will finalize the schedule to auction call options over 57.8 million shares before the end of the third quarter of 2017. First time selling The Ministry of Transport (MoT) has approved the schedule of the auction to sell call options for the state’s stake in Vietnam Airlines to facilitate […]

State Bank of Vietnam focuses on bank cross-ownership

Cross-ownership in Vietnamese banks will be controlled with stringent new regulations. Under a State Bank of Vietnam’s draft law, which revises the Law on Credit Institutions, cases of purchase, sale or transfer of shares with a value of 1% or more of the banks’ charter capital must have the SBV’s written approval before implementation. The […]

The three biggest risks in doing business in Vietnam

Injecting money in non-core business fields, experimenting in real estate projects, and having a bad financial foundation are the three most significant risks facing the business environment in Vietnam, according to Le Xuan Nghia, a respected economist, and six other businessmen who declined to be named. vietnam economy, business news, vn news, vietnamnet bridge, english […]

Grab and Uber fined, Mai Linh and Vinasun losing value

From early 2017, nearly 100 Grab and Uber drivers have been financially penalized for nearly VND350 million (15,400) due to lack of listed identification information, such as name and phone number of the companies. At the same time, both Grab and Uber still enjoy substantial growth in customer base, while traditional taxi operators Mai Linh […]

Vietnam’s rice exports on sharp rise

Rice exports rose high by 19.8% in volume to 3.96 million tons and 17.5% in value to US$1.75 billion in the first eight months of this year against the same period last year, according to the Ministry of Agriculture and Rural Development. Vietnam has set a rice export target of around 5.7 million tons. To […]

Petrolimex sell-off to come in 2018

Vietnam National Petroleum Group, the country’s state-owned biggest petroleum distributor, will see a large state divestment in 2018, paving the way for foreign investors to access the profitable business. Vietnam National Petroleum Group (Petrolimex) will see a 24.9% stake, held by the state, sold off in 2018 under the Decision No.1232/QD-TTg, signed by Deputy Prime […]