Sacombank deputy general director resigns
HCMC – The Sai Gon Thuong Tin Commercial Joint Stock Bank (Sacombank) has relieved Le Van Ron from his posts of deputy general director and risk management director at the bank following his request, with effect from today, February 1. Ron has 32 years’ experience in finance and banking. He
Energy Vietnam becomes major shareholder of SJE
HCMC – Energy Vietnam Investment JSC has purchased more than 6.8 million SJE shares of Song Da No.11 JSC, making the former the latter’s major shareholder starting from January 16 this year. After the transactions were done, Energy Vietnam’s ownership in SJE rose from 0% to 31.2%. In related news,
FECON picked as investor of VND3.2-trillion projects in northern Vietnam
HCMC – FECON Corporation, whose FCN shares are traded on the Hochiminh Stock Exchange, has announced that it has been chosen as the investor of two property projects in the northern provinces of Bac Giang and Thai Nguyen, with a total investment of over VND3.2 trillion. The People’s Committee of
PVFCCo eyes pre-tax profit of VND2.7 trillion this year
HCMC – PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo), whose DPM shares are traded on the Hochiminh Stock Exchange, looks to obtain VND17.4 trillion in consolidated revenue and nearly VND2.7 trillion in pre-tax profit this year. This modest plan was mapped out in the context business
Which sectors are bound for breakthroughs?
Analysts and investors still expect certain industry groups will outperform the general market in 2023, based on their own stories and the varying degrees of impact from the economic context and the outlook for this year. However, it has been forecast by quite a few organizations that difficulties
FPT reports high profit in 2022
HCMC – FPT Corporation, which trades its FPT shares on the Hochiminh Stock Exchange, posted over VND44 trillion in revenue and VND7.65 trillion in pre-tax profit in 2022, up 23.4% and 20.8% year-on-year, respectively. The tech firm’s domestic and global information technology (IT) services played
VIX Securities acquires 15 million GEX shares
HCMC – VIX Securities JSC has purchased 15 million shares of Gelex Group JSC, which trades its GEX shares on the Hochiminh Stock Exchange, to raise its ownership in the latter to 3.52%. The securities firm, whose shares are traded on the HCMC exchange under the code VIX, conducted the share
Tracodi to divest from affiliate
HCMC – Transport and Industry Development Investment JSC, or Tracodi, which trades its TCD shares on the Hochiminh Stock Exchange, has unveiled a plan to divest its entire 49% stake in Bang Duong E&C JSC, one of its five affiliates, one year after having poured capital into the latter. The
Vinaconex to sell majority stake in electromechanical subsidiary
HCMC – Vietnam Construction and Import-Export Joint Stock Corporation (Vinaconex) plans to sell over 90% of its shares in its wholly-owned subsidiary Vinaconex Electromechanical JSC (Vinaconex M&E). Vinaconex, whose VCG shares are traded on the Hochiminh Stock Exchange, on January 11 announced
FLC vice chair seeks to resign as HAI board member
HCMC – Bui Hai Huyen, vice chairwoman of FLC Group JSC (FLC), wants to quit as board member at HAI Agrochem JSC (HAI), citing her personal reasons, according to an HAI announcement released yesterday, January 11. Her resignation request would be processed at an upcoming general meeting of HAI, an
VNG Corporation has new chair
HCMC – VNG Corporation has announced Vo Sy Nhan is its new board chairman, with effect from January 1 this year, replacing Le Hong Minh who was earlier removed from the post. Vo Sy Nhan is among four independent board members being appointed at VNG’s 2022 extraordinary general meeting. Nhan serves
PVTrans Pacific shares to make debut on HOSE next week
HCMC – Pacific Petroleum Transportation JSC, or PVTrans Pacific, will launch its PVP shares on the Hochiminh Stock Exchange (HOSE) on January 17, according to a HOSE announcement. With its charter capital of over VND940 billion, PVTrans Pacific will have more than 94 million PVP shares listed. The