Category | Financial Market

Oriental Commercial Bank to buy Diebold ATMs

Posted on 12 March 2010

VNStockNews.com – The Oriental Commercial Bank signed a memorandum of understanding on March 10 with Diebold, one of the world’s leading automatic teller machine (ATM) providers.Under the document, the bank will buy Diebold’s ATMs this year.The bank has no ATMs of its own and its cardholders are using ATMs from the Smartlink network, an alliance of around 20 banks with 2,500 ATMs.OCB plans to

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Foreigners Net Buyers Of VND19.1 Billion Shares Friday

Posted on 12 March 2010

VNStockNews.com – Foreign investors were net buyers of VND19.1 billion ($1 million) of Vietnamese stocks Friday out of a total VND2.56 trillion traded, the Ho Chi Minh Stock Exchange said.Volume traded totaled 55.97 million shares, with foreigners accounting for 5% of that volume, the stock market operator said.In the month to date, foreign investors have been net buyers of VND77.7 billion of

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Ngo Quyen seafood processor plans to offer shares at 2:1

Posted on 12 March 2010

VNStockNews.com – Ngo Quyen Export Seafood Processing Joint Stock Co (coded NGC) plans to issue extra 1.8 million shares for increasing its chartered capital from 12 billion to 30 billion dong in Q2 of 2010.Of which, 600,000 shares will be offered to the existing shareholders on par value at a ratio 2:1. 200,000 shares will be sold to its employees and one million shares to strategic investors

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Da Nui Nho to pay cash dividend of 16pct

Posted on 12 March 2010

VNStockNews.com – Da Nui Nho Joint Stock Co, stone miner and construction material producer, announced that the deadline to close the shareholders list for paying H2 cash dividend of 16 percent of 2009 is March 20, 2010.The ex-interest date is March 18, 2010.The payment date is March 31 at the company headquarters in Binh Thung Hamlet, Binh An Commune, Di An Dist of Binh Duong province.Also the

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Ba Ria-Vung Tau housing developer to offer bonus shares

Posted on 12 March 2010

VNStockNews.com – HOSE-listed Ba Ria-Vung Tau Housing Development Joint Stock Co (coded HDC)’s shareholders’ meeting held on March 10 passed a plan to issue 3.6 million bonus shares from the company’s share capital surplus to the existing shareholders at a ratio of 3:1 in April or June.In addition, HDC will also retail 3.6-5.6 million shares to the company’s strategic partners who are financial

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Tracotour’s 2009 profit estimated at 1.763b dong

Posted on 12 March 2010

VNStockNews.com – Tourism Trade and Investment Joint Stock Co (Tracotour) has reported gaining 2009 revenue from sales and services of 25.009 billion dong, equivalent to 91 percent of the year plan and decreasing by 3.67 percent against the previous year.The company’s after tax profit was posted at 1.763 billion dong, surpassing 17 percent of the year plan and up 27.66 percent year-on-year, while

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PP.Pharco gains 1.69b dong of profit after tax

Posted on 12 March 2010

VNStockNews.com – Phong Phu Pharmaceutical Joint Stock Co (PP.Pharco) has recently released its audited business reports, in which the company’s total revenue last year was posted at 19.94 billion dong, up 18.26 percent against 2008, profit after tax of 1.69 billion dong, equal to 58.28 percent against the previous year and EPS of 769 dong per share.PP.Pharco has lately received investment

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DIC No1 reports to earn 2009 profit of 3.952b dong

Posted on 12 March 2010

VNStockNews.com – Development Investment Construction Joint Stock Co No 1 (DIC No1) has lately announced to reach total revenue from sales and services of 111.035 billion dong in 2009, increasing by 36.55 percent year-on-year, and profit after tax of 3.952 billion dong, in comparison with 2008 loss of 30.151 billion dong.DIC No 1 has current chartered capital of 15 billion dong. The company’s

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Seafood processor invests 80 bln dong in Minh Phu Hau Giang Port

Posted on 12 March 2010

VNStockNews.com – HOSE listed firm Minh Phu Seafood Joint Stock Co (MPC) reported investing 40 percent of its chartered capital or 80 billion dong into the setting up of Minh Phu Hau Giang Port Joint Stock Co. Also MPC officially transformed the 90 billion dong Minh Phu-Hau Giang Seafood Processing Co Ltd into a two-member limited company.Minh Phu Hau Giang Port Joint Stock Co has a charter

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Vinacontrol forms Europe Food Safety Inspection Co

Posted on 12 March 2010

VNStockNews.com – The Vietnam Superintendence and Inspection Co-Vinacontrol (coded VNC) has cooperated with two foreign partners namely SHP Steriltechnik AG and FCS Qualitotssicherungsysteme GmbH to set up Europe Food Safety Inspection Co capitalised at two million euro.The firm located in Tan Thuan Export Processing Zone will focus on building offices in charge of inspecting food, apparel,

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Vietnam Fast Facts:

  • GDP (2008): $84.98 billion.
  • Real growth rate: 6.23% (2008)
  • Inflation rate (January 2009): 17.48% year-on-year.
  • External debt (2008): 29.8% of GDP, $21.8 billion.
  • Population: 85.79 million
  • Services: 38.10% of GDP, 2008
  • Exports: $62.9 billion
  • Imports: $80.4 billion
  • Goldman Sachs paper: Vietnam: The Next Asian Tiger in the Making