http://www.intellasia.net/news/english/ Asia's best news source Fri, 12 Mar 2010 11:21:55 +0800 en-us http://www.intellasia.net/news/articles/business/111289139.shtml Business At the seminar with investors in Ban Viet Securities Joint Stock Co (VCSC) held on March 10, Truong Thanh Nhan, Van Phat Hung Joint Stock Co (coded VPH)'s general director said that in 2010 his firm targets to reach 600 billion dong of revenue, 114 billion dong in after tax profit and 25 percent dividend payment. Fri, 12 Mar 2010 11:21:04 +0800 http://www.intellasia.net/news/articles/business/111289139.shtml http://www.intellasia.net/news/articles/business/111289138.shtml Business Sadico Can Tho Joint Stock Co (SDG)'s general director, Nguyen Phu Tho, said that his company has finalised signing a contract to sell 50 million cement packaging to the company's traditional customers in Mekong Delta area, achieving 100 percent of 2010's plan. Fri, 12 Mar 2010 11:20:02 +0800 http://www.intellasia.net/news/articles/business/111289138.shtml http://www.intellasia.net/news/articles/business/111289137.shtml Business Cotec Investment and Construction Joint Stock Co (CIC)'s director, Nguyen Trong Toan, has recently said that his firm targets to reach over 200 billion dong of revenue and about six billion dong of profit after tax in 2010. Fri, 12 Mar 2010 11:18:39 +0800 http://www.intellasia.net/news/articles/business/111289137.shtml http://www.intellasia.net/news/articles/business/111289136.shtml Business Sai Son Cement Joint Stock Co (coded SCJ) has recently announced that in 2010, it expects to produce 303,558 tonnes of cement, 268,000 tonnes of clinker, 328 billion dong revenue and 45 billion dong of after tax profit. Fri, 12 Mar 2010 11:17:39 +0800 http://www.intellasia.net/news/articles/business/111289136.shtml http://www.intellasia.net/news/articles/business/111289135.shtml Business The Vietnam Superintendence and Inspection Co-Vinacontrol (coded VNC) has cooperated with two foreign partners namely SHP Steriltechnik AG and FCS Qualitotssicherungsysteme GmbH to set up Europe Food Safety Inspection Co capitalised at two million euro. Fri, 12 Mar 2010 11:16:28 +0800 http://www.intellasia.net/news/articles/business/111289135.shtml http://www.intellasia.net/news/articles/business/111289134.shtml Business STC listed firm Minh Phu Seafood Joint Stock Co (MPC) reported investing 40 percent of its chartered capital or 80 billion dong into the setting up of Minh Phu Hau Giang Port Joint Stock Co. Also MPC officially transformed the 90 billion dong Minh Phu-Hau Giang Seafood Processing Co Ltd into a two-member limited company. Fri, 12 Mar 2010 11:15:32 +0800 http://www.intellasia.net/news/articles/business/111289134.shtml http://www.intellasia.net/news/articles/business/111289133.shtml Business Development Investment Construction Joint Stock Co No 1 (DIC No1) has lately announced to reach total revenue from sales and services of 111.035 billion dong in 2009, increasing by 36.55 percent year-on-year, and profit after tax of 3.952 billion dong, in comparison with 2008 loss of 30.151 billion dong. Fri, 12 Mar 2010 11:14:35 +0800 http://www.intellasia.net/news/articles/business/111289133.shtml http://www.intellasia.net/news/articles/business/111289132.shtml Business Phong Phu Pharmaceutical Joint Stock Co (PP.Pharco) has recently released its audited business reports, in which the company's total revenue last year was posted at 19.94 billion dong, up 18.26 percent against 2008, profit after tax of 1.69 billion dong, equal to 58.28 percent against the previous year and EPS of 769 dong per share. Fri, 12 Mar 2010 11:13:36 +0800 http://www.intellasia.net/news/articles/business/111289132.shtml http://www.intellasia.net/news/articles/business/111289131.shtml Business Tourism Trade and Investment Joint Stock Co (Tracotour) has reported gaining 2009 revenue from sales and services of 25.009 billion dong, equivalent to 91 percent of the year plan and decreasing by 3.67 percent against the previous year. Fri, 12 Mar 2010 11:11:44 +0800 http://www.intellasia.net/news/articles/business/111289131.shtml http://www.intellasia.net/news/articles/business/111289130.shtml Business Vietnam Steel Corp (VNSteel) has decided to transfer 19.5 percent out of 84 percent of shares that the corporation has owned in Southern Steel Sheet Joint Stock Co to Industrielle Betelligung SA, under Italy-based Danieli Steel Group. Fri, 12 Mar 2010 11:10:33 +0800 http://www.intellasia.net/news/articles/business/111289130.shtml http://www.intellasia.net/news/articles/business/111289125.shtml Business Southern bourse-listed Saigon Telecom Cable and Materials Joint Stock Co (coded SAM) targets to gain pre-tax profit of 231 billion dong in 2010, down 18.4 percent against 2009. Fri, 12 Mar 2010 11:03:24 +0800 http://www.intellasia.net/news/articles/business/111289125.shtml http://www.intellasia.net/news/articles/business/111289113.shtml Business Guang Lian Vietnam Steel Co Ltd, the investor of Guang Lian Dung Quat steel mill, said that it will start the work in Dung Quat Economic Zone in the middle of this month after over 18 months of standstill due to the affects of the global financial economic crisis. Fri, 12 Mar 2010 08:25:25 +0800 http://www.intellasia.net/news/articles/business/111289113.shtml http://www.intellasia.net/news/articles/business/111289027.shtml Business Vietnam Petroleum Transport Joint Stock Co (Vipco – coded VIP) has lately announced to concentrate on port services and real estates in 2010, stated Nguyen Dao Thinh, Vipco's chair of management board in the meeting with investors held by International Royal Securities Co in March 10, 2010. Thu, 11 Mar 2010 11:49:30 +0800 http://www.intellasia.net/news/articles/business/111289027.shtml http://www.intellasia.net/news/articles/business/111289026.shtml Business Switzerland-based ABB Group has officially put into operation the new electrical equipment factory worth $30 million in Bac Ninh province on March 11 after 15 months of construction. Thu, 11 Mar 2010 11:45:45 +0800 http://www.intellasia.net/news/articles/business/111289026.shtml http://www.intellasia.net/news/articles/business/111289025.shtml Business VTC Multimedia Telecommunication Corp (VTC) and Electricity of Vietnam (EVN) Group have signed a strategic cooperation contract yesterday March 10. Thu, 11 Mar 2010 11:30:10 +0800 http://www.intellasia.net/news/articles/business/111289025.shtml http://www.intellasia.net/news/articles/business/111289024.shtml Business During the recent meeting with Italian enterprises in HCM City, Tomaso Andreatta, chair of Italian Chamber of Commerce in Vietnam said Italy would like to concentrate on developing trade relations with Vietnamese partner. Thu, 11 Mar 2010 11:28:54 +0800 http://www.intellasia.net/news/articles/business/111289024.shtml http://www.intellasia.net/news/articles/business/111289017.shtml Business Hoa Phat Group Joint Stock Co (coded HPG)'s director board has recently approved business and production plan in 2010 with 1.35 trillion dong of profit after tax and 12.34 trillion dong of revenue, equalling to 49.7 percent growth and 5.3 percent respectively. Thu, 11 Mar 2010 11:18:33 +0800 http://www.intellasia.net/news/articles/business/111289017.shtml http://www.intellasia.net/news/articles/business/111288997.shtml Business Binh Duong Transportation and Construction Joint Stock Co (BCC Co) has recently announced business results in January with 34.5 billion dong of revenue and 4.477 billion dong of after tax profit. Thu, 11 Mar 2010 09:40:36 +0800 http://www.intellasia.net/news/articles/business/111288997.shtml http://www.intellasia.net/news/articles/business/111288996.shtml Business During the year 2009, Tien Giang Vegetable and Fruits Joint Stock Co (Vegetigi) reported gaining over $5.8 million from export turnover, total revenue from sales and service provision at 160.4 billion dong, and 7.215 billion dong of after tax profit. Thu, 11 Mar 2010 09:39:40 +0800 http://www.intellasia.net/news/articles/business/111288996.shtml http://www.intellasia.net/news/articles/business/111288950.shtml Business Tourism and airline representatives from HCM City and China's Sichuan met yesterday at the Kim Do hotel in HCM City to discuss opening an air route that would link the two cities to promote tourism between both destinations. Thu, 11 Mar 2010 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111288950.shtml http://www.intellasia.net/news/articles/business/111288951.shtml Business The pharmaceutical industry should source more of its raw materials locally and reduce its dependence on imports, according to the Drug Administration of Vietnam. Thu, 11 Mar 2010 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111288951.shtml http://www.intellasia.net/news/articles/business/111288915.shtml Business Ovi Cables Vietnam Co on March 9 announced that it has officially started construction on the second electric cable production plant in the southern province of Binh Duong to produce medium voltage electric wire. Wed, 10 Mar 2010 12:36:26 +0800 http://www.intellasia.net/news/articles/business/111288915.shtml http://www.intellasia.net/news/articles/business/111288914.shtml Business During the first quarter this year, Coc Sau Coal Joint Stock Co (coded TCS)’s revenue was estimated at 550 billion dong and 20 billion dong of profit, according to Le Van Binh, the company’s deputy director. Wed, 10 Mar 2010 12:35:30 +0800 http://www.intellasia.net/news/articles/business/111288914.shtml http://www.intellasia.net/news/articles/business/111288903.shtml Business Southern bourse listed firm Construction Investment Development Joint Stock Corp (coded DIG) reported that last year it gained 1.213 trillion dong, equalling to 83.6% of the full year’s plan and growing by 85% year-on-year. Wed, 10 Mar 2010 11:37:09 +0800 http://www.intellasia.net/news/articles/business/111288903.shtml http://www.intellasia.net/news/articles/business/111288902.shtml Business Anpha Hydropower Investment Joint Stock Co (96% stake held by MCG) on March 4 signed a construction contract for Nam Hoa 2 hydropower project with Irrigation Hydropower Construction Ltd Co in Giang Tay (Jiangxi) province, China. Wed, 10 Mar 2010 11:36:16 +0800 http://www.intellasia.net/news/articles/business/111288902.shtml http://www.intellasia.net/news/articles/business/111288901.shtml Business Being established in December 2008 in Vietnam, Bunka-Vietnam Ltd Co plans to start production from April 1, 2010. Wed, 10 Mar 2010 11:35:08 +0800 http://www.intellasia.net/news/articles/business/111288901.shtml http://www.intellasia.net/news/articles/business/111288885.shtml Business Hoang Trung Hai, deputy prime minister recently checked the construction works of Ninh Binh fertiliser plant project on March 8 after nearly two-years of construction. Wed, 10 Mar 2010 09:22:42 +0800 http://www.intellasia.net/news/articles/business/111288885.shtml http://www.intellasia.net/news/articles/business/111288884.shtml Business An Phu Irradiation Joint Stock Co (APC)’s director board on March 5 passed this year’s business plan with 87 billion dong of revenue, 42 billion dong of pre tax profit and 38 billion dong of after tax profit with EPS of 3,300 dong. Wed, 10 Mar 2010 09:21:38 +0800 http://www.intellasia.net/news/articles/business/111288884.shtml http://www.intellasia.net/news/articles/business/111288883.shtml Business During the year 2009, Thanh Hoa Beer Joint Stock Co (coded THB) reported gaining 658 billion dong of revenue and 25.3 billion dong of pre tax profit, exceeding 4% and 26.5% of last year’s plan respectively. Wed, 10 Mar 2010 09:16:39 +0800 http://www.intellasia.net/news/articles/business/111288883.shtml http://www.intellasia.net/news/articles/business/111288825.shtml Business Steel producer Hoa Sen Group (HSG) has sold nearly 12 million shares at a price of 45,000 dong (US$2.40) to three domestic and foreign financial institutions: South Korea's STIC Investment Inc, FPT Securities Co and Bong Sen Fund Management Co. Wed, 10 Mar 2010 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111288825.shtml http://www.intellasia.net/news/articles/business/111288826.shtml Business "Despite the slowdown in investments on the back of the global financial crisis, the Vietnamese drinks sector continues to attract investments from international players," confirms website www.companiesandmarkets.com, the world's leading source for international market research and market data. Wed, 10 Mar 2010 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111288826.shtml http://www.intellasia.net/news/articles/business/111288827.shtml Business The State Securities Commission has given permission to Phuc Tien Trade and Production Co to issue 9 million shares to increase its charter capital to 200 billion dong. Wed, 10 Mar 2010 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111288827.shtml http://www.intellasia.net/news/articles/business/111288796.shtml Business Vietnam Automobile Manufacturers Association, Vama, has recently reported that during February the car sales of its members decreased by 34 percent against the same period last year (excluding Vinamotor-manufacturer and installer of lorry and commercial car who accounts for 18.6 percent of market share of business result in January 2010). Tue, 09 Mar 2010 13:38:59 +0800 http://www.intellasia.net/news/articles/business/111288796.shtml http://www.intellasia.net/news/articles/business/111288789.shtml Business Prime minister approved Vietnam's automobile industry development project till 2010 and vision to 2020, Ngo Quoc Tru, vice head of Ministry of Industry and Trade's Heavy Industry Department reported. Tue, 09 Mar 2010 13:30:35 +0800 http://www.intellasia.net/news/articles/business/111288789.shtml http://www.intellasia.net/news/articles/business/111288788.shtml Business PetroVietnam Technical Service Joint Stock Corporation (PTSC) has recently signed an EPCI contract (including Engineering-Procurement-Construction-Installation) worth $57 million with Dai Hung Oil and Gas Co under PetroVietnam Exploration Production Corp (PVEP). Tue, 09 Mar 2010 13:29:26 +0800 http://www.intellasia.net/news/articles/business/111288788.shtml http://www.intellasia.net/news/articles/business/111288787.shtml Business Southern bourse-listed Hamico Mineral Group Joint Stock Co (coded KSH) on March 8 announced that the company's director board decided to invest 12 billion dong in steel project to expand production plan. Tue, 09 Mar 2010 13:28:23 +0800 http://www.intellasia.net/news/articles/business/111288787.shtml http://www.intellasia.net/news/articles/business/111288781.shtml Business Steelmaker Pomina reported reaching 7.539 trillion dong in 2009 revenue, jumping 310 billion dong or 4.3 percent year-on-year while its profit increased nearly two fold from 758 billion dong to 1.415 trillion dong. Marginal profit of Pomina surged from 10.5 percent and 18.8 percent correspondingly. Tue, 09 Mar 2010 10:57:36 +0800 http://www.intellasia.net/news/articles/business/111288781.shtml http://www.intellasia.net/news/articles/business/111288776.shtml Business Ngo Han Joint Stock Co (coded NHW) has recently announced business results in January with 130.88 billion dong of revenue. Tue, 09 Mar 2010 09:48:54 +0800 http://www.intellasia.net/news/articles/business/111288776.shtml http://www.intellasia.net/news/articles/business/111288775.shtml Business Phuoc Hoa Rubber Joint Stock Co (coded PHR) has announced to gain February pre-tax profit of 23.11 billion dong, raising accumulative profit in the first two months to 67.5 billion dong, equal to 24.36 percent of year plan. Tue, 09 Mar 2010 09:47:31 +0800 http://www.intellasia.net/news/articles/business/111288775.shtml http://www.intellasia.net/news/articles/business/111288774.shtml Business Binh Duong Mineral and Construction Joint Stock Co (coded KSB) announced to close the list of shareholders on March 22 for advancing first phase dividend in cash with ratio of 20 percent. Tue, 09 Mar 2010 09:46:37 +0800 http://www.intellasia.net/news/articles/business/111288774.shtml http://www.intellasia.net/news/articles/business/111288725.shtml Business Many Vietnam-based enterprises are in a black mood following a recent power price hike. Tue, 09 Mar 2010 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111288725.shtml http://www.intellasia.net/news/articles/business/111288726.shtml Business Bunka-Vietnam Co Ltd inaugurated a new shutter and door factory, with a total investment of six billion yen (US$64 million) in Thang Long II Industrial Park of northern Hung Yen Province last week. Tue, 09 Mar 2010 07:00:00 +0800 http://www.intellasia.net/news/articles/business/111288726.shtml http://www.intellasia.net/news/articles/business/111288691.shtml Business Saigon trade cooperative (Saigon Co.op) plans to reach 11.5 trillion dong of total revenue in 2010, growing by 34 percent year-on-year, in which the turnover from Co.opMart chain is estimated to account for 11.2 trillion dong, surging 35 percent. Mon, 08 Mar 2010 11:29:49 +0800 http://www.intellasia.net/news/articles/business/111288691.shtml http://www.intellasia.net/news/articles/business/111288690.shtml Business Vinamode has inaugurated the high-class women shoes production factory on 15,000 sqm in Trang Due Industrial Zone, Hai Phong City. Mon, 08 Mar 2010 11:28:38 +0800 http://www.intellasia.net/news/articles/business/111288690.shtml http://www.intellasia.net/news/articles/business/111288689.shtml Business Vietnam Industrial and Commercial Securities Joint Stock Co (coded VIG) has recently announced that the company will officially invest 30 percent stake in Hanoi ICT Tower project at E9 land area, Pham Hung St, opposite to National Conference Centre, in Hanoi. Mon, 08 Mar 2010 11:27:42 +0800 http://www.intellasia.net/news/articles/business/111288689.shtml http://www.intellasia.net/news/articles/business/111288688.shtml Business Licogi 16 Joint Stock Co (coded LCG) was supposed to organise its annual shareholders meeting on April 3, 2010, in which the company aimed to gain total revenue of over 1 trillion dong in 2010 and profit after tax of more than 200 billion dong. Mon, 08 Mar 2010 11:26:45 +0800 http://www.intellasia.net/news/articles/business/111288688.shtml http://www.intellasia.net/news/articles/business/111288687.shtml Business Hanoi Garment and Textile Joint Stock Corp (Hanosimex) held a ceremony to introduce Ha Nam – Hanosimex one-member Co Ltd and officially kicked off construction project of Hanosimex textile plants on March 6 in Ha Nam province-based Dong Van 2 Industrial Zone. Mon, 08 Mar 2010 11:25:47 +0800 http://www.intellasia.net/news/articles/business/111288687.shtml http://www.intellasia.net/news/articles/business/111288686.shtml Business Nguyen Quoc Tuan, chair of management board in Da Nang Rubber Joint Stock Co (coded DRC) affirmed that the company was selecting qualified contractors for carrying out construction works of the over 2.992 trillion-dong radial tyre plant project. Mon, 08 Mar 2010 11:24:50 +0800 http://www.intellasia.net/news/articles/business/111288686.shtml http://www.intellasia.net/news/articles/business/111288682.shtml Business People's Court of central province of Thua Thien Hue has recently assumed jurisdiction of Bien Hoa Confectionery Joint Stock Co (Bibica-coded BBC) and Hanoi's Thanh Hung Trade Ltd Co. Mon, 08 Mar 2010 11:20:29 +0800 http://www.intellasia.net/news/articles/business/111288682.shtml http://www.intellasia.net/news/articles/business/111288681.shtml Business Licogi 16 Joint Stock Co (coded LCG) will organise the annual shareholder meeting in April 3 to pass the 2010 business plan with one trillion dong in revenue and over 200 billion dong in after-tax profit. Mon, 08 Mar 2010 11:19:23 +0800 http://www.intellasia.net/news/articles/business/111288681.shtml