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Vinhomes aims for $1.4 billion profit this year

Vinhomes aims for $1.4 billion profit this year

This ambitious target comes as the company anticipates substantial contributions from several key projects slated for unveiling in the latter half of the year

Novaland strikes deal to convert bonds to shares, easing debt pressures

Novaland battles debt woes despite restructuring drive

Hidden cost inhibits merger and acquisition deals just tallying at US$5 billion a year

Providing financial transparency is one of the significant barriers preventing M&A (mergers and acquisitions) in Vietnam from developing as expected.

Hai Phong calls for hefty investment in two billion-dollar projects of railroad and industrial park

The two billion-dollar projects in which investment is called for are identified as the construction of a Railroad to Hai Phong International Port and the Industrial Park for Japanese companies in the North.

REE and Vingroup competing to purchase Vinaconex’s stake on its State capital divestment course

Refrigeration Electrical Engineering Corporation (REE) and Ecology Developmentand Investment JSC, a subsidiary of Vingroup, have been named as qualified investors that will participate in the auction of a 51 per cent stake in Vinaconex Water Supply JSC (Viwasupco), which is owned by Vietnam Construction and Import - Export Corporation (Vinaconex).

Sabeco’s shares are announced to have offer price at US$14.1 each as its auction session looms

The Ministry of Industry and Trade (MoIT) has announced the offer price of Saigon Beer - Alcohol - Beverage Corporation (Sabeco)’s shares at VND320,000 (US$14.1) each for the auction on December 18, which was Sabeco’s closing price on November 28, 217.

New business registration falls slightly in November

10,920 enterprises were established in November with a registered capital of VND109.9 trillion (US$4.8 billion), representing declines of 2.1 per cent and 7.8 per cent respectively, compared to the previous month, according to the Ministry of Planning and Investment.

Formosa steel and Nui Phao mineral mining firms put under special environmental control

Twenty eight firms, including Formosa Ha Tinh Steel Corporation (FHS) and Nui Phao Joint-venture Co., Ltd., are subject to special environmental control under the scheme on special environment control implemented by the Ministry of Natural Resources and Environment (MoNRE).

Vietnam and China launch first joint container block-train

According to Vietnam Railways (VNR), the first container block-train linking Vietnam with China has officially come into operation, which departs from Huanggang station (Nanchang City, Jiangxi, China) and arrives at Yen Vien station in Hanoi.

FPT's revenue exceeds US$1.5 billion

In the first 10 months of 2017, FPT Corporation's after-tax profit reached VND2,226 billion (US$98.1 million), of which 72 per cent is accounted by the technology and telecom sectors.

Investors line for solar power projects in Vietnam

Hundreds of solar projects have been registered in Vietnam with the total capacity of up to 17,000MW.

Mobile World obtains US$50 million in first bond issuance, guaranteed by CGIF

Mobile World Investment Corporation (Mobile World), the leading retail group of diversified product categories including mobile phones and consumer electronics, has successfully issued its inaugural fixed rate bonds of VND1,135 billion (US$50.02 million), guaranteed by Credit Guarantee and Investment Facility (“CGIF”), a trust fund of Asian Development Bank.

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Volume: 620,884,392 Value: 15,488 (Billions VNĐ)
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88.76 0.43 0.49
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