http://www.intellasia.net/news/english/ Asia's best news source Wed, 08 Feb 2012 14:09:42 +0800 en-us http://www.intellasia.net/news/articles/business/111355837.shtml Business * Refrigeration and Electrical Engineering Joint Stock Corp (coded REE) has recently announced the resolution of the company's director board on February 6, 2012 Wed, 08 Feb 2012 13:58:15 +0800 http://www.intellasia.net/news/articles/business/111355837.shtml http://www.intellasia.net/news/articles/business/111355835.shtml Business According to A.T Kearney's market retail ranking for the year 2011, Vietnam ranks the twenty third. Wed, 08 Feb 2012 13:47:18 +0800 http://www.intellasia.net/news/articles/business/111355835.shtml http://www.intellasia.net/news/articles/business/111355832.shtml Business Hanoi People's Committee has recently approved Hai Dang Real Estate Investment Joint Stock Co to invest in Hai Dang City high-rise housing project in districts of Cau Giay and Tu Liem. Wed, 08 Feb 2012 11:36:29 +0800 http://www.intellasia.net/news/articles/business/111355832.shtml http://www.intellasia.net/news/articles/business/111355830.shtml Business The DIC Investment and Trading Joint Stock Co (coded DIC) released the Q4 financial reports with total net revenue of 277.6 billion dong, down 36.387 percent against the same period of 2010. Wed, 08 Feb 2012 11:34:53 +0800 http://www.intellasia.net/news/articles/business/111355830.shtml http://www.intellasia.net/news/articles/business/111355831.shtml Business The southern bourse-listed Gia Lai Sugar Thermal Power Joint Stock Co (coded SEC) has lately reported gaining net profit of 2.4 billion dong in Q4, equalling to half of the same period of 2010. Wed, 08 Feb 2012 11:34:52 +0800 http://www.intellasia.net/news/articles/business/111355831.shtml http://www.intellasia.net/news/articles/business/111355829.shtml Business Vietnam's cement production output in January 2012 was estimated at 2.92 million tonnes (or 5.3 percent of the year's plan) and cement consumption reached 2.85 million tonnes (or 5.2 percent of the year's target); according to the latest report of Vietnamese Ministry of Construction (MoC). Wed, 08 Feb 2012 11:32:53 +0800 http://www.intellasia.net/news/articles/business/111355829.shtml http://www.intellasia.net/news/articles/business/111355828.shtml Business As per the latest report from Vietnamese Ministry of Industry and Trade (MoIT), in the first month this year Wed, 08 Feb 2012 11:32:50 +0800 http://www.intellasia.net/news/articles/business/111355828.shtml http://www.intellasia.net/news/articles/business/111355826.shtml Business The Investment and Construction 40 Joint Stock Co (coded I40) has lately worked out the 2012 production plan with targeted output value of 70-80 billion dong. Wed, 08 Feb 2012 11:25:13 +0800 http://www.intellasia.net/news/articles/business/111355826.shtml http://www.intellasia.net/news/articles/business/111355825.shtml Business Lam Son Sugar and Sugarcane Joint Stock Co (coded LSS) plans to reach total production output plan of 1.2 million tonnes of sugar and 13 million litres of alcohol. Wed, 08 Feb 2012 11:25:11 +0800 http://www.intellasia.net/news/articles/business/111355825.shtml http://www.intellasia.net/news/articles/business/111355824.shtml Business Nhi Hiep Brick Tile Joint Stock Co (coded NHC) released the targeted business plan for 2012 with total revenue of 82.17 billion dong and profit of 6.18 billion dong. Wed, 08 Feb 2012 11:25:10 +0800 http://www.intellasia.net/news/articles/business/111355824.shtml http://www.intellasia.net/news/articles/business/111355823.shtml Business PetroVietnam Drilling Chemical Joint Stock Corp (coded PVC) announced to officially put into operation the new petroleum chemical plant in Cai Mep-Vung Tau Industrial Park in Q2. Wed, 08 Feb 2012 11:23:24 +0800 http://www.intellasia.net/news/articles/business/111355823.shtml http://www.intellasia.net/news/articles/business/111355822.shtml Business The management board of Comeco Petroleum Materials Joint Stock Co (Comeco - coded COM) has lately worked out the 2012 year plan with targeted revenue of 5.2 trillion dong and after tax profit of 30 billion dong. Wed, 08 Feb 2012 11:23:23 +0800 http://www.intellasia.net/news/articles/business/111355822.shtml http://www.intellasia.net/news/articles/business/111355743.shtml Business Thien Truong Electric Construction and Equipment Investment JSC (KTT) posted a net profit of VND297 million on revenue of VND28.5 billion in 2011, versus VND4.4 billion and VND44.3 billion in 2010, respectively. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355743.shtml http://www.intellasia.net/news/articles/business/111355744.shtml Business Vinacomin - Mong Duong Coal JSC. (MDC)'s net profit fell slightly to VND77.8 billion in 2011 from VND78.9 billion in 2010, the firm said in its financial statements posted on HNX's website. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355744.shtml http://www.intellasia.net/news/articles/business/111355745.shtml Business The country's total cement demand in 2012 is estimated at 55-56.5 million tonnes, a rise of 11-12 percent year-on-year, according to the Vietnamese Ministry of Construction. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355745.shtml http://www.intellasia.net/news/articles/business/111355746.shtml Business The Vietnamese Ministry of Construction has required foreign-invested enterprises to report on their projects in order to build a plan for managing foreign direct investment in the property sector by May. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355746.shtml http://www.intellasia.net/news/articles/business/111355747.shtml Business Dream House Investment Corporation (DRH) explained a 12-fold on year increase in its net profit to VND703.2 million in Q4/2011 as follows: Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355747.shtml http://www.intellasia.net/news/articles/business/111355748.shtml Business Vietnam's low-cost Jetstar Pacific Airlines has been named as operator of the cheapest short-haul flights in the world, according to a study of Spain-headquartered e-commerce travel company eDreams. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355748.shtml http://www.intellasia.net/news/articles/business/111355749.shtml Business Coffee farmers in Vietnam, the world's largest producer of the robusta variety, have sold about 40 percent of the crop ending September 30, according to Volcafe, the coffee unit of commodities trader ED&F Man Holdings Ltd Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355749.shtml http://www.intellasia.net/news/articles/business/111355750.shtml Business PetroVietnam Fertiliser and Chemical JSC. (DPM)'s mother company made a net profit of VND932.7 billion in Q4/2011, soaring 102.2 percent from a year ago thanks to higher sales. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355750.shtml http://www.intellasia.net/news/articles/business/111355751.shtml Business The Ministry of Industry and Trade has yet to decide who will take over the chair's seat at Electricity Group of Vietnam (EVN), deputy minister Nguyen Nam Hai said at a press meeting Monday. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355751.shtml http://www.intellasia.net/news/articles/business/111355752.shtml Business Most property experts have said the market will continue facing difficulties, at least to the end of the second quarter, while some expect the market will begin improving early this year. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355752.shtml http://www.intellasia.net/news/articles/business/111355753.shtml Business Property investors are increasingly leasing out properties amid a lackluster market. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355753.shtml http://www.intellasia.net/news/articles/business/111355754.shtml Business Tien Giang Investment and Construction JSC. or Ticco (THG) made a net profit of VND2.5 billion in Q4/2011, down 88 percent from a year ago, the firm said in its financial statements posted on the STC's website. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355754.shtml http://www.intellasia.net/news/articles/business/111355755.shtml Business Vietnam Fumigation JSC. (VFG) reported a consolidated net profit of VND24.4 billion in the first quarter of the fiscal year starting from October 1, 2011, up 10.7 percent from a year earlier, it said in its financial statements posted on the STC's website. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355755.shtml http://www.intellasia.net/news/articles/business/111355756.shtml Business As reported by the general Statistical Office (GSO), in the first month of 2012, the number of new phone subscribers reached 832,200, up 15.4 percent from the same period of last year. Of which, mobile phone subscribers accounted for 830,000, a year-on-year rise of 18.1 percent and the remaining 2,200 were fixed phone subscribers, down 88 percent on year. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355756.shtml http://www.intellasia.net/news/articles/business/111355757.shtml Business The retail space rental in trade centres of HCM City in 2012 is expected to fall further according to the downward trend of 2011 because of oversupply. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355757.shtml http://www.intellasia.net/news/articles/business/111355758.shtml Business Total net revenue of Vietnam's post and telecommunication industry was estimated at 11.1 trillion dong in January, up 23 percent year-on-year, the Lao Dong newspaper reported, citing data of general Statistical Office (GSO). Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355758.shtml http://www.intellasia.net/news/articles/business/111355759.shtml Business The office rent in HCM City is on the decrease amid the increasing supply, which paves the way for businesses to return to the central areas after a period setting up offices in the suburbs. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355759.shtml http://www.intellasia.net/news/articles/business/111355760.shtml Business Tan Dai Hung Plastic JSC. (TPC) attributed the late disclosure on its Q4/2011 financial statements to the Tet traditional holiday. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355760.shtml http://www.intellasia.net/news/articles/business/111355761.shtml Business Vang danh Coal JSC (TVD)'s net profit surged 80 percent to VND118.6 billion in 2011 from VND66 billion in 2010, the firm said in its financial statements posted on HNX's website. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355761.shtml http://www.intellasia.net/news/articles/business/111355762.shtml Business Mien Trung Petroleum Construction JSC. (PXM) made a net profit of VND5.2 billion in Q4/2011, falling 17 percent from a year ago, the firm said in its financial statements posted on the STC's website. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355762.shtml http://www.intellasia.net/news/articles/business/111355763.shtml Business Song Da Urban & Industrial Zone Investment and Development JSC. (SJS) posted an unconsolidated net loss of VND61.9 billion in Q4/2011 compared to VND127 billion net profit a year ago, it said in its financial statements posted on the STC's website. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355763.shtml http://www.intellasia.net/news/articles/business/111355764.shtml Business Everpia Vietnam JSC. (EVE)'s mother company made a net profit of VND156.8 billion in 2011, rising 53.2 percent from a year ago, the firm said in its financial statements posted on the STC's website. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355764.shtml http://www.intellasia.net/news/articles/business/111355765.shtml Business Saigon Plastic Packaging JSC. (SPP)'s net profit fell 31 percent to VND19.6 billion in 2011 from VND28.5 billion in 2010, the firm said in its financial statements posted on HNX's website. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355765.shtml http://www.intellasia.net/news/articles/business/111355766.shtml Business Only around 10 percent of Vietnam's major garment businesses currently have orders for the third and fourth quarters. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355766.shtml http://www.intellasia.net/news/articles/business/111355767.shtml Business Falling office rentals have created conditions for many companies to come back to the centre of HCM City after moving towards outlying areas for several years due to high office prices. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355767.shtml http://www.intellasia.net/news/articles/business/111355768.shtml Business The Vietnam Association of Financial Investors has told troubled businesses to sell major stakes to foreign investors, and even recommended delisting from the stock market, saying that this year would continue to be tough. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355768.shtml http://www.intellasia.net/news/articles/business/111355769.shtml Business The military-run Viettel Group has said it plans to enter the pay TV industry this year. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355769.shtml http://www.intellasia.net/news/articles/business/111355770.shtml Business The discount or sale-off programmes of property projects, in such a gloomy market, are seen as brilliant idea to stimulate demand, the Lao Dong newspaper reported. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355770.shtml http://www.intellasia.net/news/articles/business/111355771.shtml Business Song Da No. 2 JSC. (SD2)'s holding company made a net profit of VND24.5 billion in 2011, higher than VND17.6 billion in 2010, the firm said in its financial statements posted on HNX's website. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355771.shtml http://www.intellasia.net/news/articles/business/111355772.shtml Business Vietnam National general Export Import JSC. No.1 (TH1) announces its resolution of Board of directors with the following contents: Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355772.shtml http://www.intellasia.net/news/articles/business/111355773.shtml Business PetroVietnam Investment Consultancy and Engineering JSC. (PVE)'s net profit surged 118.7 percent to VND50.3 billion in 2011 from VND23 billion in 2010, the firm said in its financial statements posted on HNX's website. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355773.shtml http://www.intellasia.net/news/articles/business/111355774.shtml Business Electricity price will be increased if coal price for electricity to be equal with the market price in 2012, the Ministry of Industry and Trade (MoIT) said in its press conference held on February 6, 2012 in Hanoi. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355774.shtml http://www.intellasia.net/news/articles/business/111355775.shtml Business Vietnam is forecast to export 200,000 tonnes of cashew nuts this year, earning $1.75 billion in revenue, according to the Ministry of Agriculture and Rural Development (MARD). Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355775.shtml http://www.intellasia.net/news/articles/business/111355776.shtml Business Thai Oil under the fully - integrated gas company PTT Corporation has conducted the study on investment capacity in the Southeast Asia market, especially Myanmar, Indonesia, Vietnam and Cambodia. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355776.shtml http://www.intellasia.net/news/articles/business/111355777.shtml Business Steel manufacturers would face many difficulties this year after poor sales due to the global economic crisis and some would have to restructure, halt production or go bankrupt, according to the Vietnam Steel Association. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355777.shtml http://www.intellasia.net/news/articles/business/111355778.shtml Business Tu Liem Urban Development JSC. (NTL) made a net profit of VND9 billion in Q4/2011, plunging 96.2 percent from a year ago, the firm said in its financial statements posted on the STC's website. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355778.shtml http://www.intellasia.net/news/articles/business/111355779.shtml Business Nam Mu Hydropower Joint - Stock Company (HJS) made a net profit of VND21 billion on revenue of VND154 billion in 2011, versus VND14 billion and VND114.7 billion in 2010, respectively, the firm said in its financial statements posted on HNX's website. Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355779.shtml http://www.intellasia.net/news/articles/business/111355780.shtml Business Da Nang City People's Committee has worked with Ho Chi Minh highway Project Management Unit (PMU) under Ministry of Traffic and Transportation on building the highway-Section from La Son (Thua Thien Hue) to Tuy Loan (Da Nang). Wed, 08 Feb 2012 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111355780.shtml