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News Online

Main news database of Vietnam Panorama, updated continually

Sept 1: Vietnam Shares Gain on Upbeat Economic Outlook

Vietnam’s shares extended gains to a fifth day on continued buying interest of both local and foreign investors after the government said the economy may grow at a stronger pace of 7.18% in the third quarter.

AGD Acquires Animal Feed Processing Company

Godaco Seafood JSC (AGD), listed on the Hochiminh Stock Exchange, said it has completed the acquisition of an animal feed processing company in the southern province of Vinh Long.

L62 to Pay Cash Dividend of VND1,000/share Oct 1

Lilama 69-2 JSC (L62), an affiliate of Vietnam Machinery Erection Corporation (Lilama), will pay an interim cash dividend of VND1,000/share on record as of September 14.

LIG to Buy 266,000 Treasury Shares through Dec 6

Licogi 13 Joint Stock Company (LIG), an affiliate of the Infrastructure Development and Construction Corp., plans to buy 266,000 treasury shares between September 9 and December 6.

Vietnam Fund Buys 78,100 Shares of VMC

Vietnam Investment Fund (VFMVF1) bought 78,100 shares of Vimeco Joint Stock Company (VMC) August 26.

GLT Net Profit Up 9.41% in H1

Global Electrical Technology Corp. (GLT), listed on the Hanoi Stock Exchange, made a net profit of VND16.28 billion in the first half of this year, up 9.41% from a year earlier.

BVS to Buy 150,000 Shares of VSC through Nov 8

Bao Viet Fund Management Company Limited (BVFMC), a unit of Bao Viet Securities JSC (BVS), plans to buy 150,000 shares of Vietnam Container Shipping JSC, or Viconship (VSC) between September 7 and November 8.

SSC to Give Bonus Shares at 9-for-20 Ratio

Southern Seed Corp. (SSC), listed on the Hochiminh Stock Exchange (HOSE), will give 4.5 million bonus shares to its shareholders at a 9-for-20 ratio on record as of September 10.

SDU Plans to Boost Capital to VND400B in Q4

Song Da Urban Investment Construction and Development JSC (SDU), listed on the Hanoi Stock Exchange, plans to double its registered capital to VND400 billion ($20.51 million) by issuing 20 million new shares in the fourth quarter.

SIC to Issue 3M New Shares in Early Q3

Song Da Investment and Development JSC (SIC), listed on the Hanoi Stock Exchange, will issue three million new shares to raise its registered capital to VND80 billion from current VND50 billion, the company’s CEO said.

Vietnam Alphanam to Offer VND200B Corporate Bonds to Military Bank

Alphanam Joint Stock Co. (ALP), listed on the Hochiminh Stock Exchange (HOSE), plans to issue VND200 billion ($10.27 million) worth of corporate bonds to Military Commercial Joint Stock Bank (MB).

Vietnam Bao Viet Holdings Net Profit Up 19.5% in H1

Bao Viet Holdings (BVH), one of the leading financial groups in Vietnam, said its net profit rose 19.55% on year to VND562.96 billion ($28.87 million) in the first half of this year, including those from affiliates.

Vietnam PVFC Capital, SAM Plans New Fund Setup

PVFC Fund Management JSC (PVFC Capital), an affiliate of Vietnam Oil and Gas Group (PetroVietnam), and Saigon Asset Management Corp. (SAM) have signed a cooperation deal to jointly mobilize funds in the domestic market and overseas.

Vietnam Realty Giant Sells VND1.1T Bonds to Temasek

Hoang Anh Gia Lai Group (HAG), one of the property development giants in Vietnam, has finished the sale of VND1.1 trillion ($57.6 million) worth of convertible bonds to Northbrooks Investments (Mauritius) Pte Ltd under the Singapore-based Temasek Holdings.

Vietnam Vietinbank Gets OK to Set Up VND300B Jewelry Trading Co

The State Bank of Vietnam, the country’s central bank, has approved Vietnam JS Commercial Bank for Industry and Trade (CTG), or Vietinbank, to set up a jewelry trading one-member company with a chartered capital of VND300 billion.

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