Business Briefs December 6

06-Dec-2016 Intellasia | | 1:55 PM Print This Post

* The Pan Group Company (PAN) has completed the sale of 1.5 million shares under an employee share ownership plan (ESOP) at VND10,000 each, according to a statement sent to the Hochiminh Stock Exchange. In the first nine months of this year, the enterprise attained revenue of VND 1.9 trillion, a 12 percent year-on-year pickup, and net profit of VND200.8 billion, up 29 percent.

* The general Department of Taxation has decided to impose a fine of VND15.8 billion on Vietnam Electric Cable Corporation (CAV) for wrong tax filing. CAY has chartered capital of VND288 billion and plans to issue shares for shareholders at a 1:1 ratio to increase its chartered capital to VND576 billion. In January-September, the firm posted revenue of VND4.19 trillion and after-tax profit of VND195 billion.

* Dong Phu Rubber Company (DPR), the second largest rubber latex firm by market value, said on its website that its revenue fell 12 percent year-on-year to VND494.8 billion in January-October and profit totalled VND106.5 billion, down 31  percent.

* Thua Thien-Hue Construction Transportation Company (GTH) will spend more than VND1.64 billion paying a 2015 dividend at VND600 per share. The company will make payments on December 26.

* Railway Construction Corporation (RCC) got approval to list 15.46 million shares on the market for unlisted public companies (UPCoM). RCC made its debut last Friday with its shares offered at the reference price of VND18,800 each. Closing the session, RCC dipped to VND15,200 a share.

* Vinaconex 25 Company (VCC) said it would pay a 2016 dividend in cash for shareholders at 8 percent on the record date of December 8. The enterprise would issue six million shares for shareholders at a 1:1 ratio at VND10,000 each.

* PetroVietnam Construction Corporation (PYX), 54.54 percent held by State-run Vietnam Oil and Gas Group (PetroVietnam), said its revenue may reach VNDll trillion in 2016 and its pre-tax profit will likely total VND302 billion, but the firm gave no comparative figures. In January-September, its revenue dipped 8 percent from a year earlier to VND7.2 trillion while its net profit soared 11 times to VND268.9 billion.

* Saigon Railway Transport Joint Stock Company has said there are 20,173 train tickets available for departures during the peak pre-Tet travel period from January 17 to 26. Tickets can be booked on the website at or bought at Saigon Railway agents and Saigon Railway Station.

* Dollars rose to a record high VND23,350 on Vietnam’s black market on Monday, up VND200 from last weekend.

* Vietnam’s prime minister Nguyen Xuan Phuc on Monday requested Vietlott, the company behind the country’s American-style computerised lottery, to prepare a report regarding its operations, following repeated complaints from traditional lottery companies about its wrongdoings.

* Vietnam raised petrol prices by VND304 a litre on Monday, following recent developments in the global oil market in the wake of the OPEC’s announcement of its plan to cut output next year.


Category: Business, Vietnam

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