LONG AN — Export turnover of the southern province of Long An hit US$1.44 billion last year, a 35 per cent increase over 2009.
Export turnover of domestic enterprises accounted for $445 million, up 20 per cent against 2009. Export turnover of foreign -invested enterprises totalled $996 million, rising 43 per cent.
Main exported commodities also increased in turnover, including rice, cashew nuts, garments, food wear, and seafood processing; with garments rising 43 per cent and footwear products increasing 46 per cent.
Coffee prices reach 18-month high
HA NOI — Coffee prices increased to VND37,000 per kilo on the domestic market on 31 December. Prices of one kilo of the commodity rose by VND900-VND1,000 against the previous day, marking the highest price for the product since the middle of 2008.
The increase in coffee prices on the domestic market was due to rising prices on the London coffee trading floor, which registered a US$70 per tonne increase to $2,065 per tonne.
Cooking gas price to decrease this month
HA NOI — Petroleum Viet Nam Gas (PV Gas) Co will reduce gas prices by $10 per tonne.
The reduced price is part of a price stabilising programme of the Government. Gas price in the world market increased by $2.5 per tonne over December, 2010.
Twin towers constructed in Nghe An
NGHE AN — PetroVietnam Nghe An Construction JSC inaugurated its twin-tower in the central province of Nghe An with a total investment capital of VND630 billion (US$30 million).
The 25-floor twin-tower, covering an area of 4,700sq.m.
Hai Duong achieves $3b in export value
HAI DUONG — Hai Duong's export value totalled nearly US$3 billion in the 2006-10 period, an average increase of 55.7 per cent per year.
Total export value hit over $1billion last year, a rise of 36.5 per cent over 2009. Of which, the export turnover of cable to the US and Japan market accounted for $280 million and the garment and textile turnover, $220 million respectively.
Standard Securities finalises private offerings
BA RIA-VUNG TAU — Standard Securities Company finalised a private offering of 26.5 million shares, which helped to increase its charter capital to VND300 billion (US$14.3 million).
The company sold 21.1 million shares to seven existing shareholders, 600,000 other shares to Viet Nam Maritime Bank and 37,000 shares to their remaining employees.
After the sale, the company's founders hold 20.17 per cent stake in the company, while major shareholders hold 62.02 per cent. Major shareholders include Tin Phat Fund Management, Alpha Fund Management and the Development Investment Construction Corp.
Vincom to sell shares overseas
HA NOI — HCM City-listed Vincom will sell a maximum of 93 million shares on the Singapore market to raise capital to complete its ongoing projects and to increase its working capital.
The sale, which is worth VND8.8 trillion ($419 million), is expected to be implemented in the first quarter. Shares will be listed on the Singapore Stock Exchange after the issue.
On December 29th, the company increased their charter capital to VND3.7 trillion ($176.1 million).
Hoang Anh Gia Lai issues bonus to shareholders
TAY NGUYEN — Property trader Hoang Anh Gia Lai issued a share bonus to existing shareholders at the 2:1 ratio. The bonuses were generated by capital surpluses.
The company's shareholders approved the overseas lending plan by green lighting a bond issue that was worth US$200 million. The five-year bonds are expected to be issued in January. The bond coupon is paid every six months.
The property trader estimated the company earned VND800 billion ($38.1 million) in pre-tax profits during last year's fourth quarter, which would raise the company's profits for the year to VND3 trillion ($142.9 million).Source: vnagency.com.vn
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