LONG AN — Total industrial production revenue of the southern province of Long An reached VND17.27 trillion (US$863.4 million) in the first eleven months of this year, equal to 86.9 per cent of the annual target, a 21 per cent increase over the same period last year.
New cement production line begins
HA NOI — The Bim Son Cement Company yesterday inaugurated a new production line with total investment capital of VND14.3 trillion (US$719.9 million).
The new production line will supply 2 million tonnes of cement and raise total output of the company to 3.8 million tonnes per year.
Wholesale sugar prices decline
HCM CITY — The wholesale price of sugar in HCM City reduced by VND1,000 per kilo to VND19,500 per kilo, thanks to an increase in supply.
According to the Viet Nam Sugar Association, 30 sugar factories nationwide started production following the sugar cane harvest. The factories are expected to provide 200,000 tonnes of sugar in January.
In November, sugar factories produced 140,000-160,000 tonnes of sugar, with December's production estimated at 170,000-190,000 tonnes.
MobiFone provides roaming service
HA NOI — MobiFone now provides roaming service to pre-paid subscribers.
The pre-paid subscribers can now make calls from overseas. Subscribers just sign up, and charge their sim card in the usual way.
International roaming was previously offered to only post-paid subscribers with an initial deposit upon registration services.
Co.opMart launches half-off sale
HA NOI — Co.opMart is implementing a 50 per cent sale on goods from November 24 to December 12.
Co.opMart has also planned to stock roughly 150,000 tonnes of goods including food, foodstuffs, poultry and meat to prepare for the forthcoming Lunar New Year.
Bao Viet posts $49m in profit
HA NOI — Bao Viet group has targeted a pre-tax profit of nearly VND1.4 trillion (US$71.8 million).
The group reported a pre-tax profit of VND980 billion ($49 million) in the first nine months of this year, up 7.39 per cent over the same period last year.
PVI Invest to list shares this month
HA NOI — PVI Investment and Development Co (PVI Invest) will list 18.2 million shares on the Ha Noi Stock Exchange this month. They will be listed under code PV2.
The company also planned to offer an additional 19.1 million shares in early 2011 to raise its charter capital.
PVI Invest posted a net-profit of VND29 billion (US$1.4 million) in the first nine months of 2010, fulfilling 69.8 per cent of the annual target. The firm targeted a revenue of VND195.5 billion ($9.6 million) and a profit of VND41.5 billion ($2 million).
It was established in 2007 with the participation of large corporations such as PetroVietnam Insurance (PVI), PetroVietnam Finance, Song Da Urban and Industrial Zone Investment & Development Co, PetroVietnam Premier Recreation and Viet Nam International Bank.
Plastics firm plans additional share issue
HCM CITY — Ngoc Nghia Plastic JSC has received approval from the State Securities Commission to offer shares to the public.
Accordingly, the company will issue an additional 14.25 million shares for existing shareholders, a share value of VND142.5 billion (US$6.97 million).
The company aimed to earn VND991.3 billion ($48.3 million) in revenue and a net profit of VND128.9 billion ($6.2 million) by the year end.
Caseamex to increase charter capital
CAN THO — Can Tho Seafood Import Export JSC (Caseamex) announced that it would issue additional shares for current employees and strategic partners to raise charter capital to VND80 billion (US$3.9 million).
Caseamex will issue 1.45 million shares to shareholders at VND19,000 per share and over 300,000 shares to current staff at VND16,000 per share. Unsold shares will be distributed to other investors for no less than VND19,000.
The company hoped to earn VND32.36 billion ($1.6 million) from this issuance.Source: vnagency.com.vn
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