Business Briefs Dec 19

19-Dec-2016 Intellasia | | 2:19 PM Print This Post

* HCMC Power Corporation (EVN HCMC) will require all customers in the city to pay electricity bills via banks by 2019. At present, 55% of 2.2 million households in the city make power bill payments through banks. With the bank payment service, EVN HCMC sends text messages to users to inform them of monthly electricity bills, Nguyen Phu Vinh, head of the Sales Department at EVN HCMC, told local media yesterday. The company has signed cooperation deals with 22 banks and six money collection services providers.

* Vietnam’s Sun Group and Marriott International, Inc. have inaugurated a five-star resort, JW Marriott Phu Quoc Emerald Bay, in the southern part of Phu Quoc Island, located off the southern province of Kien Giang.

* According to the General Department of Vietnam Customs, textile exports of the Southeast Asian country topped US$21.5 billion in the first 11 months of 2016, much lower than this year’s goal of $29 billion, threatening the operation of local businesses.

* Vietnam Airlines are auctioning four Boeing 777-200ER’s in a plan to replace the fleet with more modern aircraft.

* Ireland will work to push the Vietnam-European Union free trade agreement, the Irish Ambassador to Vietnam Caist Moran told Prime Minister Nguyen Xuan Phuc at a meeting on Friday.

* Realty developer VinaCapital Group broke ground Friday on the $30 million Ocean Estates project, consisting of 33 beach villas, in the central city of Da Nang, with completion slated for late 2017.

* Thu Duc Housing Development Corporation has registered to buy 18.2 million shares of Foreign Trade Development & Investment Corporation of Hochiminh City (FDC) to increase its holding from 17.79% to 65% in one month starting from December 19.

* Dong Phu Rubber Company (DPR) said its revenue reached VND588.4 billion in January-November, exceeding the full-year target by over 8%, while its profit stood at VND1l9 billion, surpassing the plan by nearly 70%. In ovember, DPR earned revenue of VND93.5 billion and profit ofVND 12.5 billion, Viet Capital Securities Company reports.

* Bien Hoa Sugar Company has registered to sell its entire stake of around five rnillion shares in Thanh Thanh Cong Tay Ninh Company (SBT) in one month starting from December 19.

* Sao Ta Foods Company (FMC), one of the leading shrimp exporters by revenue in Vietnam, said on its website that its revenue reached US$11.7 million in November, down 0.8% from a year ago, but did not announce its profit

* Tan Cang Song Than ICD Company (IST) has got permission from the Hanoi Stock Exchange to list over 12 rniIlion shares on the market for unlisted public companies (UPCoM). The enterprise launched an initial public offering in March with nearly 960, 700 shares acquired by investors at the average winning bid of VND 10,608 each. IST operated as a joint stock company in June with chartered capital of VND 120 billion. At present, Saigon Newport Corporation is the biggest shareholder of IST with a 51 % stake.

* Song Da Industry Trade Company (STP) has is ued 1.04 million shares to increase its equity, raising its total outstanding volume to 8.04 million shares. The new shares will be tradable on December 21.

* Transport firm Hai Minh Corporation (HMH) has announced December 27 as the ex-dividend date to pay a 2016 second round dividend in cash for shareholders at 5%. Payments are due on January 12.

* An Binh Securities Company has registered to buy two million shares of Hanoi Investment General Corporation (SHN) to revise up its ownership to 2.1 million shares (1.89%) in two weeks starting from December 15.


Category: Business, Vietnam

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