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July 11, 2008
Latest Company News Updates
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Company (Industry) News Title
Artex Securities Corporation
Vietnam (Diversified Financial Services)
The company has been approved as a member of HoSTC (STC) on 8th July 2008 with a chartered capital of VND135bn.
Source: Intellasia Business Brief
Bac Lieu Fisheries JSC
Vietnam (Food/Beverages)
The company has announced on 24thJuly, 2008 is the record date for its shareholder ballot. Kind of share is common, with face value of VND10,000.
Source: VFM-VietWire
Bach Tuyet Cotton Corporation
Vietnam (Pharmaceuticals)
The company has sent explanation regarding incorrect data in its 2007 and includes explanation on items which change profit into loss in 2006 income statement, on 2007 losses and auditor?s opinion
Source: VFM-VietWire
Cong Thanh Cement Joint Stock Co
Vietnam (Glass/Concrete)
The company is seeking approval from Thanh Hoa Province to build a fertiliser factory in Nghi Son Industrial Park, it is a USD670mn facility.
Source: Intellasia.Business news
Furama Resort
Vietnam (Travel and Leisure)
The resort won the Ace Vietnamese Leading Resort award title for 2008 by the World Travel Awards, the most prestigious awards programme in the international travel industry.
Source: Vietnam News Agency
Gia Quyen Securities Joint Stock Company
Vietnam (Diversified Financial Services)
The company has opened a branch at 156 Trieu Viet Vuong Street, Ha Noi yesterday to expand its operation in the North.
Source: Vietnam Stock Market News
Intel Co
United States (InfoTech Services)
The company has signed an agreement with Yahoo Inc. to jointly promote their sales and services in Vietnam, where about one in four people use the Internet.
Source: Thanh Nien News
National Vietnam Oil & Gas Group(PetroVietnam)
Vietnam (Mining/Petroleum)
The company has signed a credit contract with three banks Calyon of France, kfW of Germany and Fortis of Belgium and the Netherlands on 11th July, 2008.
Source: Vietnam News Agency
Petrolimex Gasoline Commercial Joint Stock Bank (PG Bank)
Vietnam (Banking)
The bank has announced it would issue VND1tr worth of three and six month promissory notes at an annual interest rate of 18.6 T.C
Source: Vietnam News Agency
PetroVietNam Drilling and Well Services Joint Stock Company
Vietnam (Mining/Petroleum)
The company has doubled it's profit VND500bn in the first half of 2008 from VND214bn in the same period of 2007 its rig operated at full efficiency.
Source: Thanh Nien News
PetroVietnam Southern Gas Company
Vietnam (Mining/Petroleum)
The company has stated that Mr. Trinh Van Khiem no longer held the position of PGS Deputy General Director holding BoD Member as of 09th Jul, 2008.
Source: VFM-VietWire
RCE Capital Berhad
Malaysia (Diversified Financial Services)
The company has dropped its plan to jointly set up a finance company in Vietnam with Southern Commercial Joint Stock Bank.
Source: Vietnam Stock Market News
SGL Vietnam Development Limited
Vietnam (Diversified Financial Services)
The company has announced that it is responding to the weaker Vietnam economy, its new strategy could allow it access to more advanced projects & enable it to spread its exposure, it has sent a letter to shareholders on the current state of economy.
Source: Investment & Trade Promotion Center
Technological and Commercial Joint-stock Bank (The)
Vietnam (Banking)
The bank has posted a 75% increase in 1st-half pretax profit as it expanded its banking network, it had a pretax earnings of VND551bn(USD33mn) in the 6 months ended 30th June 2008.
Source: VN Stock News
Tokyo Rope Mfg Co
Japan (Industrial Equipment)
The company is spending some USD30mn to install state-of-the-art equipment for the manufacture of large steel pipes for waterworks & gas line infrastructure at its factory outside Ho Chi Minh City.
Source: Investment & Trade Promotion Center
Viet Ha Pharmaceutical Joint Stock Co
Vietnam (Pharmaceuticals)
The company has been asked to lower drug prices by the Ministry of Health as it raised the prices of eight imported items without permission & sells them at prices higher than quoted.
Source: Intellasia Business Brief
Vietnam Dairy Products Joint Stock Company (Vinamilk)
Vietnam (Food/Beverages)
The company has reported a 21% rise in 1st-half net profit as robust exports and local demand boosted sales.
Source: VN Stock News
Vietnam Petroleum Transport Joint Stock Company
Vietnam (Transportation)
The company has announced that Mrs.Le Thi Huan, wife of chairman Mr.Nguyen Dao Thinh, would raise her stake to 0.042% from 0.033% by buying 5,000 shares before 10th September 2008.
Source: VN Stock News
Vietnam Superintendence and Inspection JSC
Vietnam (Business Services)
The company has established a subsidiary named Vinacontrol Environment Consultancy & Appraisal JSC with chartered capital of VND3,000mn.
Source: Ho Chi Minh Exchange
Vinaconex Advanced Compound Stone Joint stock Co (Vicostone)
Vietnam (Property Mgmt/Construction Svcs)
The company has set up three new member companies.
Source: Vietnam Stock Market News
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