Business Briefs 01 March 2019

01-Mar-2019 Intellasia | | 9:24 AM Print This Post

* Sacombank has hired PwC Vietnam to help upgrade its as-set-liability management system. This is expected to help the bank manage liquidity and interest rate risks and build a risk management system. The job is expected to be completed in the third quarter of this year.

* Quynh Phuc Trade and Production Company, an organization related to board member Nguyen Van Tri of Binh Duong Water and Environment Company (BWE), has registered to buy three million BWE shares from February 28 to March 28. Quynh Phuc now holds no shares in BWE.

* The Vietnam Bank for Agriculture and Rural Development (Agribank) is one of the top 500 banks (AB500) in Asia Pacific selected by the Asian Banker to gauge the performance of the commercial banking industry in the region. Agribank ranked 156th on the AB500 list.

* Vietnam-Italy Steel Company (VIS) plans to lower its losses to VND92.5 billion this-year from over VND326 billion in 2018. The firm expects its revenue will reach D4.86 trillion this year, down from last year’s VND5.23 trillion.

* National Seed Corporation (NSC) has announced March 7 as the ex-dividend date to pay a 2018 first round dividend of 15% in cash. It will proceed with the payment from March 27.

* The State Treasury of Vietnam has raised more than VND51.24 trillion from government bond auctions on the Hanoi Stock Exchange since early this year. In the latest auction on February 20, the State Treasury offered a total of VND10 trillion worth of G-bonds with different tenors, including five-year bonds valued at VND 1.5 trillion, and IS-year bonds valued at VND3 trillion and 20-year bonds valued at VND500 billion. It raised VND3.95 trillion from the auction.

* Petrolime Hanoi Tran portation & Trading Company (PJC) will spend VND 17 billion paying an interim dividend for 2018 at VND2,900 per share on the record date of March 12. The payment is set for March 20. In 2018, PJC’s consolidated net profit was VND22.3 billion, up 10% versus the previous year, and its revenue VND1.17 billion, up 14%.


Category: Business, Vietnam

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