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Tag Archive for ‘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 […]

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. […]

HNX to honour 30 firms for corporate governance

The Hà Nội Stock Exchange (HNX) will assess and honour the top 30 listed companies for best corporate governance in November during its annual convention for listed businesses. The assessment programme will include all 352 companies listed on the northern bourse prior to April 20, except those delisted by that date, the HNX said. This […]

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 […]

Vietnamese consumers prefer small convenience stores over giant supermarkets

Some years ago, analysts predicted that modern distribution channels would develop rapidly in Vietnam as income continued to rise. The prediction has been realized, but convenience stores, not large supermarkets, are the favored channel. Market analysts have found that consumers now prioritize convenience when choosing shops. They are no longer excited about the opening of […]

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 […]

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 […]

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 […]