Vietnam Airlines said it would issue nearly $346 million worth of shares for existing stakeholders to boost its recovery from the impacts of the coronavirus pandemic and return to profitability by 2023.
Vietcombank has targeted 2021 pre-tax profit at VND25,200 billion ($1.09 billion), up 12 percent from 2020, CEO Pham Quang Dung told a conference on business activities in 2021.
Hoang Anh Gia Lai Agricultural Joint Stock Company will sell three of its rubber and dairy subsidiaries to Thadi, a subsidiary of Truong Hai Auto Corporation.
Vietnam Airlines has got government’s approval for VND4 trillion ($173 million) refinancing loan with preferential rate at zero percent, Dau Tu Newspaper cited informtion from the government official letter.
- Entering into telecommunications and digital services play, what competitive edge does Masan offer? 1
- Masan acquires 70% stake of a mobile network operator Mobicast 2
- Masan subsidiary forms strategic partnership with De Heus Vietnam 3
- BuyMed raises $9 mln Series A after posting 4X revenue growth in the past year 4
- Masan share price forecast to rise almost 30% on projected stronger sales 5
- PNJ Jewelry firm’s six-month profit rises 67.4% to $32 million 6
Binh Son Refining and Petrochemical, targets $864 billion ($37.45 million) after-tax profit in 2021, parent company PetroVietnam said.
Hoa Phat Corporation’s December construction steel reached an output 329,000 tonnes, up 12 per cent over the same period, it said in a statement.
Joint Stock Commercial Bank for Investment and Development of Vietnam reported VND9,017 billion ($389.6 million) pre-tax profit in 2020 despite pandemic, the lender said in a statement posted on its website.
National flag carrier reported a loss of VND14,445 billion ($620 million) in 2020, lower than expectation, company leaders told the extraordinary shareholder meeting held on Tuesday.
A consortium led by Singapore’s state investor GIC Pte is buying a stake in Vinmec, the medical unit of Vietnam’s largest conglomerate Vingroup , for over $200 million, Vingroup said on Monday.
Vietravel Airlines, a unit of tour operator Vietravel Group, plans to sell shares in an initial public offering to be conducted in 2021, CEO Vu Duc Bien told local media.
South Korean Lotte, which has invested in Bibica since 2008 as a strategic investor, registered to sell entire stake, or 44.03 percent of shares in the Vietnamese firm, according to exchange filing.
Mobile World targets 2021 after-tax profit to reach VND4,750 billion ($204.8 million), up 37.7 percent compared to the whole-year plan for 2020, the company said on its website.
Thai energy firm got shareholders’ approval to acquire 100% stake of Singapore’s INT Energy Pte. Ltd.’s ordinary shares to invest in a solar plant in Vietnam’s Tay Ninh Province.
A subsidiary of Thailand’s SCG Group has registered to buy a 94.1 percent stake in Vietnam’s Bien Hoa Packaging Jsc.
INSEE Vietnam was honoured as one of the Top 100 Sustainable Companies in 2020 by the Vietnam Chamber of Commerce and Industry for the 5th consecutive years.
British insurer Aviva is to sell its Vietnamese business to Canadian insurer ManuLife it said on Monday, as it pushes ahead with plans to pull out from its non-core markets.