Business Briefs February 8
* Hoa Binh Real Estate Trading and Construction Joint Stock Co (HBC) has recently announced the resolution of the shareholders’ meeting whereby the company would issue 4,057,750 shares from the non-distributed profit to advance 25 percent dividend to the existing shareholders for the first round 2010.
* The northern bourse-listed Low Current – Telecom Joint Stock Co (coded LTC) announced to close the shareholders list for paying dividend in shares and offering additional shares for existing shareholders.
* Song Da 1.01 Joint Stock Co (coded SJC) announced to close the shareholders list for paying 2010 dividend in cash and holding annual shareholders meeting.
* Last week, the State Securities Commission (SSC) issued decisions for approving the share issuance for two HNX-listed enterprises with share codes of AMV and S74.
* The Hochiminh Stock Exchange (STC) announced about the registration deadline to close the shareholders list for issuing 30 million shares of the Petroleum Equipment Assembly & Metal Structure Joint Stock Co (PVC-MS – coded PXS).
* Hoa An Joint Stock Co (coded DHA) has lately released the Q4 and whole year business results in 2010. In details, in the last three months of last year, the company reported reaching revenue of 57.37 billion dong and after tax profit of 8.45 billion dong, a slight increase in revenue compared to the same period of last year but down 17.01 billion dong or 66.85 percent in terms of profit. In Q4 of 2009, the company had added the refund of 9.82 billion dong from financial standby fund.
* In the first month this year, Vietnam’s coffee export reached only 100,000 tonnes, down 30 percent from last year. However, thanks to the export coffee price in the world market increased strongly, the country’s coffee export turnover decreased only 13 percent year-on-year, gaining $175 million, Ministry of Agriculture and Rural Development reported.
* Bui Viet Hoai, general director of Vietnam Ocean Shipping Joint Stock Co (coded VOS) announced that by the end of 2010, the company gained whole year revenue of 2.887 trillion dong, surpassing by 19 percent of the year plan, increasing by 38 percent against the previous year.
* The northern bourse-listed PetroVietnam Nghe An Construction Joint Stock Corp (coded PVA) has lately released the unaudited financial reports, in which the Q4 after tax profit was posted at over 5 billion dong, raising the accumulative profit in 2010 to 53 billion dong, increasing by 99 percent against that of 2009 and fulfilling 74 percent of the year plan.
* More and more Chilean businesses are seeking opportunities in Vietnam, especially in the mining, oil exploration, seafood, beverage and fruit production sectors, says the Vietnam Trade Office in Chile.
* The agriculture cooperation between Vietnam and the Netherlands under the public-private partnership (PPP) has seen positive development, according to the Ministry of Agriculture and Rural Development (MARD). MARD’s International Cooperation Department said the fisheries, cocoa and coffee industries have benefited the most from the cooperation. The Netherlands will help Vietnam become a full member of the Western and Central Pacific Fisheries Commission (WCPFC). Both countries have agreed to seek funding for a programme to train quarantine officers and law makers in the European Union (EU) food safety and law.
* Last year’s foreign direct investment (FDI) reached nearly $18.6 billion, equal to 82.2 percent of the previous year.
Although the country has not fulfilled the set FDI target of $22-25 billion, the results still prove investors’ strong confidence in Vietnam’s business environment.
* The HCM City People’s Committee has given the nod to the US-based First Solar Group to build a solar cell plant in the South-East Industrial Zone of Cu Chi district.
* The Dung Quat Economic Zone (EZ) in the south-central province of Quang Ngai will have its total planned area raised to more than 45,300ha under a revised master plan for the zone until 2025, approved by prime minister Nguyen Tan Dung.
* Vietnam’s export turnover for the first month this year reached $6 billion, almost two times of the set target, government Office chief Nguyen Xuan Phuc said at a press conference yesterday.
* Vietnam’s tra fish (pangasius) has been removed from the WWF’s red list published by the WWF for Nature in Belgium and Norway, said deputy director of the Fisheries general Department Pham Anh Tuan.
* Vietnam imported over 6,000 automobiles in January of this year, nearly twice as many as the same month last year, according to the National Statistics Office.
