Business Briefs October 31

31-Oct-2016 Intellasia | | 2:06 PM Print This Post

* Bank for Investment and Development of Vietnam (BID) has announced November 3 as the ex-dividend date to pay a 2015 dividend in cash for shareholders at 8.5 percent. Payments will be made on November 21.

* TMT Automobile Company (TMT) posted January-September revenue of VND2.01 trillion, down 29 percent from a year earlier, and its net profit fell 74 percent to VND47.4 billion. Its inventory had risen 6 percent against end-2015 to VND1.63 trillion by September 30.

* PetroVietnam Drilling & Well Services Corporation (PVD) plans to issue 34.8 million shares to pay a 2015 dividend for shareholders at 10 percent on the record date of November 8.

* Nguyen Thi Uoc Me” head of the supervisory board at Consultancy Design & Urban Development Company (CDO), will be selling her entire stake of 260,250 CDO shares (1.1  percent) between October 31 and November 29.

* Hai Phong Thermal Power Company (HND) said its revenue amounted to VND6.8 trillion in the first nine months of this year, up slightly year-on-year. Its net profit stood at VND16.2 billion in January-September, a turnaround after losses of D139.5 billion in the same period last year. H D’s inventory had increased 6 percent from the end of 2015 to VND547.3 billion as of September 30, Viet Capital Securities Company reports.

* Transimex Company has registered to buy 503,600 shares of Vinafreight Company (VNF) to increase its stake in VNF by nine percentage points to 51.1  percent over one month starting from October 31.

* Tri Viet Investment Management Corporation (TVC) has issued nearly 11.6 million shares for investors, raising its total outstanding volume to some 35.7 million shares. The new shares will be tradable on October 28.

* Nguyen Huu Thang, chair of Central Area Electrical Mechanical Company (CJC), will be buying 540,000 CJC shares to increase his holding from 24 percent to 51 percent over one month starting from October 31.

* Global Electrical Technology Corporation (GLT) has picked November 8 as the ex-dividend date to pay a 2015 second round dividend in cash for shareholders at 19 percent. The firm will make payments on November 18.

* Banks in Vietnam have been reluctant to invest in agriculture due to high risk and low profitability, Lai Xuan Mon, president of the Vietnam Farmer’s Union, said at a conference on Sunday.

* Vietnam was ranked 96th out of 189 economies in terms of electricity access, one of the criteria the World Bank uses to rank economies based on the ease of doing business, thanks to improvement in such aspects as the number of procedures, and time and cost to be connected to electricity.


Category: Business, Vietnam

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