HA NOI – Vietnamese mechanical engineering businesses would have more opportunities to seek export markets and new link-ups with foreign partners, said Christoph Miller, managing director of EMO Hannover in Ha Noi this week.
The venue, which has become a main meeting place for the international metalworking industry, will be staged in the German city again from September 19 to 24. It is expected to draw more than 1,500 visitors from 26 countries.
SHB raises more charter capital
HA NOI — The State Bank of Viet Nam has allowed the Sai Gon-Ha Noi Commercial Bank (SHB) to raise its charter capital to nearly VND5 trillion (US$238 million) from VND3.5 trillion ($166.6 million).
The bank will use the money to expand financial services and trading activities.
Architect 2011 to open on February 8
BANGKOK — The biggest architectural exhibition in Southeast Asia, Architect 2011, will be held in Bangkok from February 8-13.
The exhibition, organised by the Thailand Association of Architects (ASA), will display products from 20 Vietnamese companies producing lighting and electrical equipment, ceramic tiles, energy saving and other utility services.
Seven more invest in Hoa Lac Park
HA NOI — Hoa Lac High-Tech Park management board has granted investment licences to seven projects with a total capital of VND2 trillion (US$95.23 million) this year.
The projects are owned by Tinh Van Technologies Co, NCS Technology Co, and the Post and Telecommunication Technology Joint Stock Company.
Hai Phong to get plaster plant
HCM CITY — Saint Gobain, a leading international building materials company, will begin construction of a new plaster-board plant in Hai Phong under the brand Gyproc.
The project, under the management of Saint-Gobain Construction Products Viet Nam, will be the first plasterboard plant in northern Viet Nam.
Asset manager to unload stake in Prudential fund
HCM CITY — SSI Asset Management has registered to sell its entire 8.5-per-cent stake in the HCM City-listed Prudential Balance Fund (PRUBF1). The sale of nearly 4.3 million fund certificates will be carried out between January 17 and March 17, through the order matching method.
Tien Phong Plastics sees earnings rise 29%
HA NOI — Northern Tien Phong Plastics Co (NTP) earned over VND1.9 trillion (US$91.9 million) last year, an increase of 29 per cent over the previous year, and posted a VND350 billion ($16.7 million) profit in 2010, a figure equivalent to the previous year's. NTP blamed the narrower profit margin on unfavourable exchange rates.
Earnings in the fourth quarter alone totalled VND572 billion ($27.2 million) or 30 per cent of the year's total. In 2011, the company has targeted earnings of VND2.13 trilllion ($101.4 million) and a profit of VND360.5 billion ($17.2 million).
Deutsche Bank ups stake in FPT to 6%
HCM CITY — Three Deutsche Bank units have acquired nearly 2 million shares in software giant FPT, increasing holdings from 5.03 per cent to 6.03 per cent.
HCM City Securities Co claims best broker title
HCM CITY — HCM City Securities Co (HSC) has been voted as best brokerage and the best equity research firm in Viet Nam for 2010, in the annual survey by Thomson Reuters Extel. Saigon Securities Inc (SSI) and Sacombank Securities (SBS) placed second and third in the survey.
HSC was voted as the 20th best brokerage in the Asia-Pacific region, 19th for research, and 14th for economics and strategy, and it was the sole Vietnamese firm among the top 20 brokers in the region.
Investco Construction to list shares in HCM City
HCM CITY — Investment Construction and Development Co (Investco) will list nearly 17.7 million shares on the HCM City Stock Exchange under the code ING, but a listing timetable has not been revealed. With a charter capital of around VND177 billion (US$8.4 million), Investco specialises in construction, real estate and financial investment. In 2010, the company targeted VND938.6 billion ($44.7 million) in revenue and VND80.35 billion ($3.8 million) in profit.Source: vnagency.com.vn
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