vna courting new investors

VNA courting new investors

With the latest approval to list on the Ho Chi Minh City Stock Exchange, potential investors are approaching new opportunities to acquire a large amount of state-held stake in national flag-carrier Vietnam Airlines, but strong attention is forecast to occur only in the short term.
uncertainties around vinalines ipo

Uncertainties around Vinalines’ IPO

Despite high engagement from foreign investors,  forecasts for the upcoming IPO of state-run shipping giant Vinalines are not promising, triggering fears of it becoming the latest in a string of failed IPOs. Bich Thuy and Nam Phuong report.
capital flow and reforms unite for pharma sector

Capital flow and reforms unite for pharma sector

Pharmaceutical stocks are once again under the limelight thanks to upcoming state withdrawals, new capital inflows, and possible removals of foreign ownership limits.
sacombank phuong nam could merge

Sacombank, Phuong Nam could merge

Phuong Nam Bank might be merged with Sacombank, according to Sacombank chairman Pham Huu Phu.
phuong nam gets sinking feeling

Phuong Nam gets sinking feeling

Seafood firms are struggling to keep their heads above water after Phuong Nam Foodstuff Corp, a privately held export seafood company, appears to be in deep trouble.
phuong nam pays first dividends in seven years

Phuong Nam pays first dividends in seven years

Despite overcoming the 2017 gloom, Phuong Nam Cultural JSC is currently pressed by debt and dividend payments for its shareholders who have not received dividends for seven years.
sacombank phuong nam bank to merge this year

Sacombank, Phuong Nam Bank to merge this year

Sacombank plans to merge with Phuong Nam Bank in 2015.
ssc fines haxaco and phuong nam for weak reporting

SSC fines Haxaco and Phuong Nam for weak reporting

The State Securities Commission (SSC) has just issued a decision to impose administrative fines of VND60 million ($2,654) and VND240 million ($10,619) on Hang Xanh Car Service JSC (Haxaco)—a local dealer of Mercedes—and Phuong Nam Cultural JSC, respectively, for incorrect reporting.
phuong nam cultural to sell remaining stakes in cgv

Phuong Nam Cultural to sell remaining stakes in CGV

Phuong Nam Cultural Joint Stock Corporation has proposed a plan to shareholders to sell its remaining 7.5 per cent stake in CJ CGV Vietnam Co Ltd.
phuong nam wishes to divest all its cgv stakes at low price

Phuong Nam wishes to divest all its CGV stakes at low price

Phuong Nam Cultural JSC’s divestment of its stake in cinema giant CJ CGV (CGV) is rather unusual, as the cinema chain has been constantly expanding and Phuong Nam’s selling price is remarkably low.
moit requests discount on phuong nam pulp mill auction

MoIT requests discount on Phuong Nam pulp mill auction

After being ignored at its first three auction attempts, VND3.4 trillion ($148.9 million) Phuong Nam pulp mill has been seeking the prime minister’s approval to hold the fourth auction at a discount price.
vinapaco seeks extended discount incentives for phuong nam pulp mill

Vinapaco seeks extended discount incentives for Phuong Nam pulp mill

Vietnam Paper Corporation (Vinapaco) is seeking approval to apply a 10 per cent discount at any of a number of auctions of Phuong Nam pulp mill to increase the chance of a sale.
government advances 97 million to pay debt for phuong nam pulp mill

Government advances $97 million to pay debt for Phuong Nam Pulp Mill

As of the end of 2018, the government had to advance EUR82.6 million ($97 million) to help Vinapco pay off the debts of Phuong Nam Pulp Mill, with plans for the Ministry of Industry and Trade (MoIT) and Vinapco to sell the project and then repay the government loan – which has not happened yet.
phuong nam divests 125 per cent of cj cgv to pay off debts

Phuong Nam divests 12.5 per cent of CJ CGV to pay off debts

Phuong Nam Cultural Company (code: PNC) has just announced to collect comments from shareholders on selling 12.5 per cent of CJ CGV Vietnam Co., Ltd. for VND160 billion ($7.05 million) to repay due debts.
old pagodas in bich dong

Old pagodas in Bich Dong

The historical province of Ninh Binh comprises of three different types of landscape - wetlands, coastal delta and uplands - and is endowed with many places of interest for tourists such as Tam Coc-Bich Dong Grotto, Cuc Phuong National Park and Van Long Nature Reserve.