Total 169 million shares were sold out in 28 auctions of State capital in the Ha Noi Stock Exchange (HNX) in 2017, raising total capital of over VND2.6 trillion (US$114.5 million) for the State budget. The number of auctions for State capital made up 71 per cent of the total number of auctions in 2017. Auctioners include major State corporations such as the Viet Nam National Oil and Gas Group (PetroVietnam), the Viet Nam Post and Telecommunications Group (VNPT), the Viet Nam National Shipping Line (Vinalines) and Song Da Corporation. In December alone, some VND949 billion ($41.7 million) was raised through seven auctions of shares held by State-owned enterprises. More than 365 million shares were put up for sale in the month, 6.9 times higher than November, but only over 50 million shares, equal to 14 per cent of the offered volume, were sold to investors. Smaller IPO number Only ten inital public offering (IPOs) were held last year, much lower than the numbers in 2015 (64 IPOs) and 2016 (30 IPOs). The total number of shares sold was over 321 million, accounting for 49 per cent of the total number of shares offered, with a total value of more than VND5 trillion. Three IPOs with 138 million shares were sold out, collecting more than VND2.3 trillion for the issuers. In particular, the IPO of Viglacera Corporation saw 100 per cent of the shares being sold out, attracting the attention of more than 1,000 investors, the highest since 2015, with…
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This is the third year enterprises have taken part in the city’s market stabilisation programme.In the months before Tet, the department predicts that consumption of beer and other drinks will be around 41.1 million litres and 47.2 million litres, respectively.Consumption of cakes, jams and candies is expected to be around 18,000 tonnes, and sales of pots of the traditional yellow ochna trees are expected to reach 600,000-700,000.The city will ensure that sufficient number of vegetables, fruit and meat will be available at supermarkets.The department has worked with enterprises and distributors to offer promotions in the months before Tet.The city has…... [read more]
Visitors are taking a look at a booth during the 17th Vietnam-China International Trade Fair in Lao Cai from November 10th-15th. (Photo: VNA) The fair, running from November 10th-15th in the northern province of Lao Cai, attracted more than 100,000 visitors, bringing in revenue of about VND40 billion (USD1.76 million). Speaking at the event’s closing ceremony, Deputy Director of the provincial Department of Industry and Trade Nguyen Truong Giang said the trade fair once again proved Lao Cai’s important role in the Kunming (China) - Lao Cai - Hanoi - Hai Phong - Quang Ninh corridor as well as in…... [read more]
Eight auctions were organised on the two national stock exchanges in August, bringing in a total of 2.83 trillion VND (127 million USD) for issuers (Photo: cafef.vn)Hanoi (VNA) - Eight auctions were organised on the two national stock exchanges in August, bringing in a total of 2.83 trillion VND (127 million USD) for issuers. A total of 222 million shares were offered for sale on the two exchanges in August, up 150 percent over those of July. Of the two public sales on the Hanoi Stock Exchange, the initial public offering of over 167 million shares of the Vietnam Engine and…... [read more]
The IPO of industrial zone developer Sonadezi Corporation, expected onDecember 30, is the biggest offering in terms of value with 131.3million shares being put up for sales, equivalent to 34.9 percent of thecompany's charter capital.With the starting price of 10,200 VND (46 US cents) a share, Sonadezi isexpected to collect 1.34 trillion VND (59.8 million USD). It is one ofthe largest industrial park developers in Vietnam with 10 parks underits operation in southern Dong Nai province.Another big and highly-anticipated IPO this month is from AirportsCorporation of Vietnam (ACV), the sole manager of all 22 internationaland domestic airports in the country.Over…... [read more]
HA NOI (Biz Hub) — The Vietnam Electricity Construction Joint Stock Corporation (VNE) announced on December 22 that it issued corporate bonds worth VND150 billion (US$7.04 million) in 2014.All the bonds worth VND1 billion ($46,948) each are not convertible into equity. They are valid for two years. In each six-month period of the first year, the corporation will apply a flexible interest rate, while the interest rate for the second year will be 10.5 per cent per annum.The Da Nang-based corporation, involved in the construction of electricity system projects, 500KV substations and industrial and civil projects, as well as airports…... [read more]
The auction will take place on November 20.The opening price will be VND11,700 (US$0.52) per share, three times higher than the price of MSB shares traded on the over-the-counter market in September. If the transaction is successful, VNPT will collect at least VND837 billion ($37.5 million) from the divestment.The sale is part of the VNPT's development plan in response to the Government's Decision No. 888 to restructure the State-owned group. The decision regulated that the group divest all capital from its non-core businesses.Thus, besides MSB, the group will have to completely divest other 62 companies including Bao Minh Insurance Company,…... [read more]
Property developer VinGroup has launched additional promotional offers for buyers of Vinhomes Skylake from February 10 onwards to boost sales further.In addition to the existing promotions that include zero management service charge for three years and a loan support of 65 per cent of the apartment’s value, the developer will give 100 VinID Gift Cards worth up to VND50 million (US$2,200) each for the first 100 buyers of Vinhomes Skylake’s apartments at S1 and S2 blocks.VinGroup's lakeside mansion project generated tremendous interest after more than 70 per cent of the total flats in its S1 and S2 blocks were sold…... [read more]
Illustrative photo (Source:Internet)Singapore (VNA) - The Singaporean Agri-Food and Veterinary Authority (AVA) on June 13 crushed 7.9 tonnes of elephant ivory estimated to be worth about 9 million USD which were seized since January 2014.It was the first time seized ivory had been destroyed in Singapore.The destruction of ivory sends a strong message that Singapore condemns the illegal wildlife trade, said Desmond Lee, Senior Minister of State for Home Affairs and National Development.Tackling this illicit trade requires close international cooperation, and also the assistance of the public and non-governmental organisations, he said. The minister added that the Singaporean Government will continue…... [read more]
According to the association, VCCA is collaborating with Vietnam Entrepreneur Development Centre and Business and Investment magazine to hold the first ever festival in Vietnam to marking the 55th anniversary of Uncle Ho’s visit to Dong Hieu coffee farm in Nghe An province on December 10, 1961.It also aims to promote coffee brand development domestically and internationally and create an attractive playground and increased opportunities to promote products and stimulate market demand for coffee companies.The programme features an exhibition on coffee products from the famous coffee growing areas across the country, as well as offering opportunities for visitors to taste…... [read more]
Pepper export in the first five months of 2016 saw rapid growth in volume, but export value of the commodity decreased from a year earlier, according to the Ministry of Agriculture and Rural Development.Specifically, pepper export volume was estimated to reach 19,000 tonnes in May, valued at USD71 million, bringing the figures for the five months to 87,000 tonnes, worth USD627 million, up 19 per cent in volume but down 7.3 per cent in value year - on - year.Average pepper export price in the first four months this year posted USD8,111 per ton, a year-on-year decline of 11.8 per…... [read more]
