Business Briefs 15 January 2020

15-Jan-2020 Intellasia | | 9:33 AM Print This Post

* Vietnam National Petroleum Group (PLX) has announced that its consolidated pre-tax profit in 2019 reached over VND5.4 trillion, an increase of 9% versus the 2018 figure. The fuel distributor recorded its fuel sales exceeding 13 million cubic meters per ton, up 5.9% year-on-year. Also, its contribution to the State budget totaled VND41.8 trillion, up 7% against that of 2018, reported Cafefvn.

* The management board of Hochiminh City Securities Corporation (HSC) appointed HSC deputy general director Trinh Hoai Giang as the general director on January 9. Giang will assume the new position on April 1, replacing Johan Nyvene who had managed the securities firm since 2007.

* Nawaplastic Industries Co., Ltd of Thailand purchased more than 44.5 million shares of Binh Minh Plastics JSC (BMP) on December 31,2019 and became the latter’s large shareholder. Nawaplastic owned no BMP shares before the transactions.

* SSI Asset Management Company Limited (SSIAM) has signed an agreement with South Korean asset managemnent firm NH-Amundi to jointly develop products based on exchange traded funds VN30 and VNX50, as well as launch other funds in the local market. Amundi is reportedly one of the global top 10 asset management firms.

* HVC Investment and Technology JSC (HVH) has announced January 20 as the ex-dividend date to pay a 2019 first-round 2019 cash dividend at 5%. The payment date is slated for February 6.

* Hue Textile Garment JSC (HDM) has set a target to obtain VND1,845 billion in revenues this year, up 3% against last year’s estimated figure. Besides, it aims to earn outbound sales of US$112 million and a pre-tax profit of VND40 billion, rising 12% and 93% year-on-year. The firm will continue implementing projects approved in 2019 and conduct further ones, with a focus on automation to enhance productivity and reduce labor force at its factories.

* Individual investor Nguyen Thanh Tung offloaded 1.082 million shares of Hanoi Construction Investment JSC (HCI), or a 20.69% stake, and is no longer HCI’s major shareholder. The transactions were carried out on January 2.


Category: Business, Vietnam

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