Business Briefs 18 December 2019

18-Dec-2019 Intellasia | | 9:26 AM Print This Post

* Indochine Import Export Industrial Investment JSC (DDG) is scheduled to inaugurate a heat provision project for Heineken’s largest beer plant in Southeast Asia, which is located in the southern province of Ba Ria-Vung Tau this Friday, December 20. In 2020, DDG aims to raise its revenue by 36% against this year to more than VND400 billion, with revenue from the project making a Significant contribution.

* Vinh Phuc Infrastructure Development JSC (mV) has estimated its 2019 net profit will soar 39% against 2018 to VND98.37 billion, 41 % above the full-year target. Its revenue may rise 28% year-on-year to VND163.45 billion in 2019, beating the year’s plan by 41 %. IDV’s net profit is targeted at VND151.67 billion on revenue of VND1.02 trillion and a dividend is projected at 35% next year.

* Song Ba Ha HydroPower JSC (SBH) will spend VND186 billion spending VND186 billion on the first dividend payment of VND1,500 per share for 2019 on record as of December 23. The company will make the, payment on December 31. SBH booked net profit of VND157 billion on net revenue of VND413.06 billion between January and September this year, down 55.47% and 35.6% year-on-year, respectively.

* Vietnam Dairy Products JSC, or Vinamilk (VNM), plans to pay the second interim cash dividend for 2019 at 10%, meaning that a shareholder will receive VND1,000 per share. With over 1.7 billion shares in circulation, the country’s leading dairy producer expects to spend VND1.74 trillion on the dividend payment. The record date is set for December 27 while the payment is scheduled for February 28. The firm looks to VND56.3 trillion in total revenue and VND10.5 trillion in net profit for 2019.

* Saigon Thuong Tin Commercial Bank (Sacombank) is set to take on 837 outstanding final-year students from nearly 10,000 applicants as interns for 2020 under its “Potential Interns” program. They will work at Sacombank’s transaction offices across the country and they will get stipends.

* Hoa Binh Construction Group JSC (HBC) has approved a plan to invest a maximum of VND288 billion in Pax International Invest ISC, the owner of the Connolly condo tower project in Canada.


Category: Business, Vietnam

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