Business, banking and stock market report June 3

03-Jun-2009 Intellasia | | 9:22 PM Print This Post

* Belgium’s Rent A Port Marc Stordiau Group is seeking approval from Haiphong City to develop two wharves of an international port project in the northern city. The Belgian group will realise the memorandum of understanding signed with the city’s Economic Zone Management Board and Vinalines in March by building Wharf No 3 and No 4 worth $250 million as key parts of the Lach Huyen Port project and a 400-hectare port logistics project worth another $250 million in Cat Hai District.

* Vietnam Multimedia Corp and HCM City Television Station have discontinued VTC9, VTC7, HTVl, HTV3 and HTV 4 in HCM City and neighbouring provinces as those channels had been broadcast illegally by unregistered equipment at unlicensed frequencies, according to the HCM City Department of Information and Communications.

* Cavico Transport Construction Joint Stock Co has been approved by the Central Highlands Lam Dong Province to set up Cau Dat Wind Power Plant that will be built in two phases with total capacity of 130,330 MW in Da Lat City. The $57 million first-phase, with a capacity of 30 MW that is scheduled for completion by June 2011, will supply about 90 million kWh for the province.

* An Phu Aqua-product Joint Stock Co. got the nod from the Mekong Delta’s Vinh Long Province to invest about 160 billion dong to set up an aquaculture breeding area on 50 hectares in Tra On District.

* Dalat City’s Hung Vuong Hotel, under the Lam Dong Province branch of the Vietnam Bank for Agriculture and Rural Development, has been upgraded to a three-star hotel by the General Department of Tourism, taking to 12 the number of three-to-five-star hotels in the city.

* Petrolimex International Trading Co (PIT) last year obtained 835 billion dong in revenue and eight billion dong in pre-tax profit, accounting for only 86 percent and 42 percent respectively of the year’s plan. The company this year targets 401.5 billion dong in revenue and 14.95 billion dong in pre-tax profit. The company’s shareholders have approved a plan to issue shares to increase its registered capital from 70 billion dong to 84 billion dong this year.

* DHG Pharmaceutical Co. (DHG) has announced to disband its subsidiary named DHG Food Supplement and Beauty One-Member Ltd Co capitalised at five billion dong.

* Construction No 5 Co (VC5) in the first quarter this year obtained 77.5 billion dong in revenue and 2.7 billion dong in pre-tax profit. The company this year targets 430 billion dong in revenue and 16.5 billion dong in pre-tax profit. It plans to pay 2009 dividend of 14 percent.

* Vinaconex No 25 Co (VCC) in the first quarter this year obtained 45.5 billion dong in revenue and 1.56 billion dong in pre-tax profit. The firm targets to achieve 320 billion dong in revenue and 12 billion dong in pre-tax profit this year. It also expects to pay 2009 dividend of at least 15 percent.

* General director of Vietnam Optical Fiber Cable Joint Stock Co (VINA-OFC), Pham Vu Thang and Eduardo de La Lastra, vice chair of Cuba’s electronic group on April 17 signed a contract of delivering optical cables to Cuba Telecommunication Corp (Cubatel).

* Francois Carpentier, general director of Alstom Vietnam recently said that in 2009, Alstom plans to concentrate on carrying out two key power projects namely Nhon Trach 1 with a capacity of 460 MW and Sean 4 (360 MW).

* Dak Lak Rubber Co (Dakruco) on June 1 combined with Swiss Belhotel International to inaugurate and start operation of Swiss-Belhotel Dakruco in the highland city of Buon Me Thuot.

* A Telecommunication Co (VTA) officially opened the high-tech supermarket at No 74 Cach Mang Thang Tam st, Ward 6, Dist 3, HCM City on May 30.

* Ministry of Industry and Trade’s Competitive Management Department yesterday announced that Canada Border Services Agency (CBSA) decided to impose the initial anti-dumping tariff on non-absorbent rubber and plastic sole shoes imported from Vietnam to the market.

* Thua Thien Hue petrolimex facility (under PV Oil) yesterday received the first imported shipment of 5,000 cubic metres of diesel at Chan May port.

* Hanoi-Vung Tau Beer Joint Stock Co kicked off the construction of Hanoi-Vung Tau Beer Factory yesterday in My Xuan A Industrial Zone, Tan Thanh District, Ba Ria-Vung Tau province, about 70 kilometres far from HCM City.

* Petrolimex Joint Stock Tanker Co (coded PJT) announced its decision to raise its chartered capital from 70 billion dong to 84 billion dong via issuing bonus shares and paying 2008 dividend in shares. The total number of issued shares would be 1.4 billion shares, 1.05 million of which were bonus shares for the existing shareholders with the ratio of 20:3 and the rest of 350,000 shares would be 2008 dividend of 5 percent.

* Viet Dragon Securities Co (VDSC) has bought 43,000 shares of NBB Co (NBB) to increase its ownership from 4.9 percent to 5.18 percent.

* SMC Commercial Joint Stock Co (coded SMC) announced to close the list of shareholders on June 15 to allocate bonus shares with the rate of 3:1 (one new share for three old shares) and to pay the phase one dividend of 2009 at 8 percent.

* To create conditions for trading registration, Investment and Construction No 8 Joint Stock Co (CIC8) on June 1 officially changed the face value of shares from 100,000 dong to 10,000 dong per unit.

* Royal International Joint Stock Co (RIC) announced that the company would issue 5,143,811 bonus shares to its existing shareholders and June 10 would be the registration deadline.

* Shareholders of Tan Ky Construction and Real Estate Trading Joint Stock Co (Takco) approved the company’s plan to list their shares in the stock market before 2011 and to issue shares in order to increase the chartered capital from 55 billion dong to 60.5 billion dong.

* The State Bank of Vietnam has issued a document clarifying that any bank with overdue loans higher than 5 percent of the outstanding loans will not be allowed to upgrade its transaction offices into branches in provinces other than the province the bank is headquartered.

* The Vietnam Bank for Industry and Trade has begun work on a school specialising in human resource training for the financial and banking sector on over ten hectares in Hanoi’s Hoai Duc District. The campus includes dormitories, libraries and a complex of gym and cultural facilities and is scheduled for completion by 2011.

* Vietnam International Bank (VIB Bank) reported raising the dong deposit rate for all terms by 0.1-0.3 percent a year whereby the longer 12 >

* To create conditions for trading registratis at 8.3 percent pa.

* Tien Phong Commercial Joint Stock Bank celebrated its one-year establishment anniversary yesterday. The bank’s total asset up to May 31 reached 3.615 trillion dong, and the pre-tax profit of 133 billion dong.


Category: Stocks

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