Business Briefs 15 Jun 2018

15-Jun-2018 Intellasia | | 11:47 AM Print This Post

* The State Bank of Vietnam last month reduced the treasury bill issuance due to weaker bank system liquidity to VND57.5 trillion from VND67.9 trillion in April and VND130.8 trillion in March. In May the central bank net injected VNDI0.9 trillion via T-bills and reverse repos compared with a net injection ofVND58.6 trillion in April, said Viet Capital Securities Company.

* Nam Long Investment Corporation (NLG) has announced plans to auction 40 million shares, or 21.2 percent of its outstanding volume, at a starting price ofVND26,500 per share, of which, it will set aside five million shares for foreigners. NLG will use the proceeds to develop its current projects; acquire more land in HCM City, Hanoi and neighbouring

localities; and invest in new property projects.

* Hoang Quan Consulting-Trading-Service Real Estate Corporation (HQC) expects a net profit ofVNDI72 billion in 2018, up by 2.5-fold against the previous year. The firm targets revenue ofVND1.63 trillion, marking a 3-fold surge. Further, it will issue a maximum of VND2 trillion worth of bonds by the first quarter of 2019. HQC plans

to raise its contribution in the commercial realty sector, partially cut its social housing sector and start to develop agricultural real estate projects this year.

* Hanoi Beer Alcohol and Beverage Corporation (BHN) has revised up its 2018 net profit target by 33.6 percent to VND811.4 billion, from the initial figure ofVND607.3 billion. Meanwhile, the firm has cut its revenue target for this year to VND8.9 trillion, from the previous VND9 trillion. BHN plans to develop 330-milliliter Hanoi Beer bottles to

replace its current 450-milliliter version this year. The firm will build a brand strategy for its products, including Hanoi Beer, Hanoi Beer Premium and True Bach Beer, to keep abreast of the development.

* Standard Chartered Bank Vietnam has presented over 200 prizes to the winner of the Digital Banking promotion programme “Touch to Win,” which rewards clients using its mobile banking app’s biometrics feature (Face ID or Touch ID). The campaign took place from March 14 to May 14.

* Airport Service Group has registered to buy nearly 2.5 million shares of Cam Ranh International Airport Services Company (CIA) to raise its holdings from 22.5 percent to 48%.



Category: Business, Vietnam

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