* The State Securities Commission (SSC) on January 16 issued Decision No 103/UBCK-GP granting establishment and operation license to Hoa Anh Dao (Sakura) Securities Joint Stock Co (SSE). Hanoi-headquartered SSE with a chartered capital of 41 billion dong and legal capital of 35 billion dong is allowed to carry out services such as securities brokerage and securities investment consultancy.
* Ho Chi Minh Stock Exchange (STC) recently announced that February 6 would be the registration deadline for Hoa Binh Rubber Joint Stock Co (coded HRC) to close the shareholder book to pay 5% dividend in cash for the second phase of 2008, equalling to 500 dong per share. The payment date is on March 6.
* Hanoi Securities Trading Centre (HaSTC) recently said that from January 22 it would list and trade 10 million G-bonds with the total value of one trillion dong issued by the Vietnam Development Bank (VDB) with the bond code of QHB0811089 on the northern bourse.
* Hanoi Securities Trading Centre (HaSTC) recently announced that it would pay the interest in 2009 for TP1A0406 G-bonds issued by the State Treasury-the Ministry of Finance. Accordingly, the registration deadline is on February 2. The payment date is on February 15.
* Hanoi Securities Trading Centre (HaSTC) on January 15 announced that it would pay the principal and interest of TP1A0306 G-bonds issued by the State Treasury-the Ministry of Finance.
Accordingly, the registration deadline is on February 2. The payment date is on February 15.
* Hanoi Securities Trading Centre (HaSTC) recently said that it would pay the interest in 2009 for two types of G-bonds namely TP4A0406 and CP4A0704 issued by the Vietnam Development Bank (VDB). Accordingly, the registration deadline is on February 2. The payment date is on February 16.
* Hanoi Securities Trading Centre (HaSTC)-listed Song Da Joint Stock Co No 5 (coded SD5) recently reported the business results of 2008 with 953.5 billion dong in revenue, equalling to 127% of that year’s plan and 50.4 billion dong in profit, equalling to 112% of the year’s target.
* Vimeco Joint Stock Co (coded VMC) recently announced that it would close the list of shareholders on February 5 to pay 15% dividend in cash for the year 2008, equalling to 1,500 dong per share. The payment date is from March 24.
* Saigon Securities Inc (coded SSI) recently reported the business results of Q4 2008 with over 269 billion dong in revenue from securities sector and other investments lower than 417 billion dong of the previous quarter and 19 billion dong in after tax profit.
* State Capital Investment Capital (SCIC) reported that last year it reached 1.938 trillion dong in total revenue, fulfilling 139% of that year’s plan, and approximately 1.294 trillion dong in after-tax profit. Up to last December 31, SCIC combined with finance ministry and relevant agencies to withdraw 1.033 trillion dong of debts from dividends of equitised enterprises, 182 billion dong from selling state capital in SOEs, and 13.547 trillion dong from equitisation to Central Fund for State-Owned Enterprise Restructure.
* STC-listed HCM City Technical Infrastructure Investment and Development Joint Stock Co (coded CII) recently released its fiscal report in Q4 2008 with 44.13 billion dong in revenue and 33.75 billion dong in after tax profit, bringing the total figures during the year to 228 billion dong and 147.28 billion dong, respectively with the EPS of 3,718 dong per share.
* The Vietnam National Oil and Gas Group (PetroVietnam-PVN) recently said that it would reduce the export output of crude oil to 11.68 million tonnes this year, lower than 14.66 million of last year. The group’s reduction aims to ensure the national crude oil reserve.
* Vietnam National Textile and Garment Corp (Vinatex) will speed up the equitisation of its subsidiaries as one of its strategic activities in 2009, seeking to turn seven out of 24 arms of the corporation into shareholding concerns.
* Military Communication Corp (Viettel Telecoms) is the first telecom company in Vietnam to slash international call rates to 3,600 dong per minute or 60 dong per second. The new rates apply to all kinds of dialling, from landline to cell phone.
* Vietnam Multimedia Corp (VTC) is now broadcasting eight television channels of HDTV (high -definition or full HD television) and 32 channels of SDTV (standard definition television. The company will offer subscribers the two receiver sets of DVB-S2 and DTV with valid codes to view those standard HDTV and SDTV channels at the cost of 3.53 million dong and two million dong, excluding subscription cost, respectively.
* An Giang Fisheries Import and Export Joint Stock Co (Agifish) will supply 400 tonnes of processed catfish products for the Tet market, including traditional products and new fast-food-like products. Those products will be priced 5%-15% lower than usual.
* The Vietnam-Russia Petroleum Joint Venture (Vietsovpetro) announced its plan to tap 1.6 billion cubic metres of gas and 6.2 million tonnes of crude oil in 2009. The company last year exploited 7.7 tonnes of crude oil and 1.3 billion cubic metres of gas to earn total revenue of over US$6.3 billion.
* Saigon Trading Group, or Satra, set its 2009 export target at US$179 million, a 10% year-on-year increase, despite the global financial crisis. The company this year also expects sale revenue of 23.9 trillion dong and a profit of 2.3 trillion dong. Last year, the State-run corporation increased export turnover by 11.6% and profit by 26.5% against 2007.
* The State Bank of Vietnam’s (SBV) governor on January 16 issued Dispatch No 442/NHNN-CNH allowing the Bank for Agriculture and Rural Development (Agribank) to supply foreign exchange services in the domestic market.
* From January 16, Saigon Commercial Joint Stock Bank (SCB) officially reduced the lending rate throughout its network whereby the dong demand lending rate is 3.6% a year and overnight lending rate is 4% a year. The lending rate for 1-3 week terms is 5-7% a year, 1-6 months at 8.3-8.8%, 7-12 months at 9%, 12-24 months at 9.1-9.4% and from 36 months at 9.5% a year.
Sources: Thoi Bao Kinh Te Vietnam, Lao Dong, Nguoi Lao Dong, Dau Tu, Dau Tu Chung Khoan, Tuoi Tre, Tin Tuc, Nhan Dan, Vietstock, SSC, VCBS, HaSTC.