Business Briefs February 22
* Binh Trieu Construction and Engineering Joint Stock Co (coded BTC) announced to advance 2011 dividend in cash at 18 percent, starting from May 3, 2012.
* In the resolution approved by the management board of Viettronics Tan Binh Joint Stock Co (coded VTB), the company would pay 2011 dividend -the second round for existing shareholders in cash at 6 percent ratio.
* Hung Long Mineral and Construction Material Joint Stock Co yesterday February 21 officially floated 5.6 million shares on Hanoi Stock Exchange (HNX) under the share code of KHL, raising the total number of listed firms on northern bourse to 395 units.
* The Hochiminh Stock Exchange and Hanoi Stock Exchange will extend trading duration till afternoon from March 5.
* Saigon A2 Securities Investment Fund has registered to sell over 1.7 million shares of NTACO Company (ATA).
* Cuu Long Pharmaceutical Co (DCL) will resume trading on the southern bourse from February 23 but still be put in the watch list.
* Saigon Cable Co (CSG) has registered to buy back 500,000 shares as treasury shares within two months from March 2.
* Saigon Real Estate Infrastructure Investment Co. has acquired 2.1 million shares of HCM City Infrastructure Investment Co (CII), or a 2.8 percent stake in the enterprise.
* Vietnam Securities Investment Fund (VFMVF1) has announced its net asset value per unit by February 16 at 13,826 dong, dropping by 110 dong from a week earlier.
* Vietnam Development Bank will offer 4 trillion dong worth of three- and five-year government bonds through an auction on the northern bourse on February 22.
* Dong Do Petroleum Joint Stock Co would buy 187,000 shares of Song Da Cao Cuong Co (SCL) from February 20 to April 20.
* Mechanics Construction and Foodstuff Co (MCF) has announced February 27 as the ex-dividend date to advance 2011 second round dividend in cash for shareholders at 4.96 percent.
* Underground Works Construction Co (CTN) has gained approval in principle to float an additional 1.4 million shares on the northern bourse.
* Quoc Cuong Gia Lai Joint Stock Co (coded QCG) suffered a loss of 38.63 billion dong in 2011, in comparison with profit of 283 billion dong in the previous year.
* Kinh Do Joint Stock Co (coded KDC) reported gaining whole year pre-tax profit of 348.9 billion dong, fulfilling 63 percent of the targeted year plan. The company’s after tax profit was posted at 292 billion dong, declining by 44 percent against the previous year.
* Khang Dien Housing Investment and Trading Joint Stock Co (coded KDH) released the financial reports with whole year net profit of 9 billion dong, equalling to 4 percent of the previous year and completing only 4 percent of targeted year plan.
* Hoang Quan Real Estate Consulting, Trading and Services Joint Stock Co (coded HQC) released the Q4 reviewed financial reports with net revenue of 7 billion dong and consolidated profit of 3 billion dong, equivalent to 2 percent and 0.7 percent respectively against Q4 of 2010.
* Minh Phu Seafood Joint Stock Corp (coded MPC) announced that in January, the company exported 1,612 tonnes of shrimp, achieving total export turnover of $19.87 million, equalling to 98.98 percent in volume and 100.81 percent in value in comparison with the same period of 2011.
* Nguyen Huu Toi, general director of Construction Joint Stock Co No 12 (Vinaconex 12 – coded V12) announced that in 2012, the company aims to obtain whole year profit of 15 billion dong and pay dividend in cash at 12 percent.
* Do Van Khanh, general director of Pomina Steel Joint Stock Co (coded POM) announced that despite difficulty in steel industry last year, Pomina Group still reported total revenue of 10.008 trillion dong, up 107 percent against the previous year, and after tax profit of 408.7 billion dong, fulfilling 66 percent of targeted profit plan.
* Ben Tre Aqua-product Import Export Joint Stock Co (coded ABT) reported gaining whole year profit of 100 billion dong, surpassing 18 percent against the targeted year plan.
* Tran Van Sy, chair of management board in Tan Ky Construction and Real Estate Trading Joint Stock Co (coded TKC) announced that from March 1, the company would start conducting the bidding package of the foundation part of Da Nang City Administration Centre.
* The UPCoM-listed Vinacomin Quality Control Joint Stock Co (coded VQC) announced to hold the annual general meeting (AGM) on April 2, 2012. The shareholders list was supposed to be closed on March 8, while the ex-dividend date of March 6. The meeting would be held in the meeting hall, 6th floor of the company’s office building, addressed at No 55 Le Thanh Tong St, Ha Long City, Quang Ninh province.
* Lac Viet Computing Corporation yesterday officially introduced new dictionary software ‘Mtd for Students’ with an updated vocabulary at the HCM City University of Social Sciences and Humanities. The new version is priced at 50,000 dong with a four-year copyright.
* Handico Finance Joint Stock Company has received approval from the State Bank of Vietnam to raise its chartered capital from 350 billion dong to 550 billion dong.
* The US-based McKinsey Group has been cSTCn to make an overall plan for the socioeconomic development of Quang Ninh Province in the 2012-2020 period with a vision towards 2030. The province has become the second locality to receive permission from the prime minister to hire a foreign consulting firm to map out an overall plan after Ninh Thuan Province.
* Petroleum Technical Services Corporation (PTSC) has signed a contract with Cuu Long Joint Operating Company (Cuu Long JOC) to provide three ships and logistic services for the oil drilling operations of Cuu Long JOC in two years’ time.
* Japan’s risk-taking investment fund CyberAgent Ventures has invested $500,000 into Vietnam’s ColorBox Software Company Limited, a firm specialising in producing mobile applications for online recreation and games on smart phones which are sold in the US market. The local firm will focus on developing more applications when it receives additional investment capital.
* Cavico Construction Manpower and Services Co (CMS) has spurred its chartered capital from 25 billion dong to 50 billion dong.
* Southeast Asia Commercial Joint Stock Bank (SeABank) has recently received announcement from the State Bank of Vietnam (SBV) whereby the bank has been classified in the Group 1(healthy bank) with the highest credit growth of 17 percent in 2012.
* In 2011, Maritime Commercial Joint Stock Bank (Maritime Bank) officially raised its chartered capital to eight trillion dong via two phases of issuing shares.
* Ending the fourth quarter of 2011, Vietnam National Reinsurance Joint Stock Corp (Vinare-VNR) reported a fall of 15 percent in its net revenue from the same period of 2010, to reach 141 billion dong.
* Vietnam Commercial Joint Stock Bank for Foreign Trade (Vietcombank-VCB) has lately announced its consolidated fiscal statement in the fourth quarter of 2011 with net interest income of over 3.89 trillion dong, rising 84 percent from the same period of previous year.
* The interbank average forex rate today February 22 is retained at 20,828 dong/US dollar as announced by the State Bank of Vietnam (SBV), remaining unchanged for over seven consecutive working weeks (44 working days).
* Nam Viet Commercial Joint Stock Bank (NaviBank-NVB) has recently released document related to its AGM (annual general meeting) 2012 whereby the bank expects to reach total deposits of 20 trillion dong as of December 31, 2012, rising nearly 33 percent from the end of 2010.
* Vietnam International Commercial Joint Stock Bank (VIBank) on late February 20 announced receiving document from the State Bank of Vietnam (SBV) for its credit growth lines in 2012 at 17 percent, the highest level according to the central bank’s credit classification for Group 1 (healthy bank), the local online newspaper VnMedia reported.
* Kien Long Commercial Joint Stock Bank (KienLongBank) has recently been classified in the Group 2 (average bank) by the State Bank of Vietnam (SBV) whereby the bank will have credit growth limit this year at 15 percent, equalling to the credit growth line of some commercial banks such as NamA Bank, DaiA Bank and NaviBank.
* The Kien Giang Province branch of Vietnam Bank for Industry and Trade (VietinBank) put into operation a new office building worth 25 billion dong in Rach Gia City.
* Vietnam Development Bank has provided a loan worth 292 billion dong for Vietnam Shipbuilding Industry Group (Vinashin) with 0 percent interest rate for 12 months to support the group’s restructuring.
Category: Business