PetroVietnam Low Pressure Gas Distribution JSC (PV Gas D) has decided to sign a strategc co-operation contract with strategic shareholder Tokyo Gas Asia.
The General Department of Taxation has slapped a hefty fine on PetroVietnam Power Nhon Trach 2 JSC (HSX: NT2) for submitting a false declaration, collecting VND17.9 billion ($778,260) in total penalties.
Based on 4.0 technology, KB-able will be one of the technological experience chains that KBSV brings to investors in 2020.
One of the major pharmaceutical firms in the country, Traphaco JSC seems to have forgotten the strength of financial vehicles to realise its profit optimisation target.
Increasing its capital by 1.5 times, along with building two refrigerated warehouses in foreign countries, Minh Phu Seafood Corporation (code: MPC on UPCoM) is making attempts to expand in the US market. However, it is necessary that the company should balance instant and long-term benefits.
The fire insurance dispute between South Korean firm Paldo Vina Limited and US-owned insurer Liberty Limited remains unsettled after more than a year.
The consecutive launching of a slew of new products helps foreign-invested life insurers, new and old alike, to strengthen their dominance in the Vietnamese insurance market.
While Vietnamese enterprises in general and pharmaceutical firms in particular tend to increase the foreign ownership limit (FOL), Cuu Long Pharmaceutical JSC (Pharimexco), a member of F.I.T Group, goes against the stream by decreasing the FOL to 32.57 per cent.
Based on the increasing revenue thanks to the contribution of newly acquired subsidiaries Vocarimex and Tuong An Vegetable Oil, Vietnam’s leading food firm Kido Corporation (KDC) set the revenue target of VND10 trillion ($440.3 million) this year.
Over the past three years, especially after the lending fraud scandal of Ocean Bank’s former chairman in late 2014, the business performance of multi-sector Ocean Group (HSX:OGC) was lacklustre despite signs of recovery shown over the first nine months of 2017.
Ninh Van Bay Travel Real Estate JSC, planned to reinvest in the Ana Mandara project in the south central city of Hoi An despite the accumulated loss of VND279.5 billion ($12.3 million) in the first nine months.
Son Ha International JSC, a leading Hanoi-based stainless steel manufacturer, looks to take on the southern market through the recent acquisition of Toan My JSC.
The plan to add capital to Son Ha International Joint Stock Company (Son Ha)’s existing project in Myanmar is considered a part of its strategy to expand operations aboard as the domestic stainless steel products market is seeing fierce competition.
An Phat Securities has received shareholders’ approval to remove the foreign ownership limit, aiming to catch the eyes of foreign investors.
It is only a matter of time until Mekong Capital divests its capital in Traphaco JSC (HOSE: TRA), however, the details of its divestment plan remain unclear.