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Saigontourist receives thousands by sea

Update: May, 20/2008 - 00:00

In Briefs


Saigontourist receives thousands by sea

HCM CITY — The Saigontourist Travel Service Company is hosting tours for thousands of cruise ship travellers this week. On Monday it received the five star Costa Allegra vessel which brought 1,300 passengers, mainly from Italy, Spain, the UK and France, to see the sights of HCM City, Da Nang and Hue.

The SuperStar Gemini anchored at Da Nang port to disembark 1,200 Australian passengers who will travel around Da Nang, Hoi An and Hue.

Oil refinery to be built in Can Tho

CAN THO — The Can Tho City People’s Committee on Monday granted an investment certificate to the Can Tho Oil Refinery Ltd Co to build an oil refinery plant in the province at an estimated cost of US$580 million.

The oil refinery will be built in O Mon District of Can Tho City and will cover 250ha with a total output of 2 million tonnes per year.

Uniden eyes wireless telephones in Viet Nam

HA NOI — The Japanese-based firm, Uniden Corp, which specialises in the production of cord-less telephones, optical products and communication equipment with modern technology will focus on manufacturing wireless telephones in its factory in Viet Nam.

Uniden Corp’s factory was built in Ha Noi last year with US$45 million total capital. It covers 80,000sq.m and has a capacity of one million products per year. The factory is starting a trial run and is expected to hire about 7,000 employees by the end of this year.

More thermal power goes to Thai Nguyen

THAI NGUYEN — Another thermal power plant planned for the northern province of Thai Nguyen will cost VND2 trillion (US$125 million) and have an annual capacity of 100 MW, according to Nguyen Van Thang, CEO of the Viet-Trung Electricity Joint Stock Co.

The plant will be built on 22.7ha close to the Khanh Hoa coal mining field.

The company will join the Thai Nguyen Import-Export and Investment Joint Stock Co to provide 70 per cent of the power. The rest will come from the Viet Nam Coal and Mineral Industries Group (Vinacomin).

Catfish processing plant for Ca Mau

CA MAU — The Ca Mau Seafood Joint Stock Co (Seaprimexco) has invested VND150 billion (US$9.4 million) to build a catfish (tra) processing plant in Mang Thit District in the Cuu Long (Mekong) River Delta province of Vinh Long, according to the Viet Nam Association of Seafood Exporters and Producers.

The plant, on a site of 12,000sq.m, will have an annual capacity of 36,000 tonnes and is expected to open in the third quarter of this year.

Securities Commission licenses new broker

HA NOI — The State Securities Commission has granted an operation licence to E-Viet Securities Company.

The newcomer has charter capital of VND42 billion (US$2.6 million) and provides consultancy and brokerage services.

The company, located in Ha Noi, is allowed to deposit securities for individuals and institutional investors.

Two companies list additional shares

HCM CITY — Vincom Joint Stock Co will list an additional 40 million shares on HCM City Stock Exchange.

The volume, representing a value of VND400 billion (US$25 million), was issued to the company’s existing stockholders at rate of 1:1 early this year.

The issuance helped Vincom raise its charter capital from VND800 billion ($50 million) to VND1.2 trillion.

In related news, Seafood Investment and Trade will also list an extra one million shares on the exchange. The volume was also issued to strategic partners.

Taxi operator Mai Linh aims for higher revenue

HA NOI — Mai Linh Group (MLG) has targeted VND3.68 trillion ($241 million) in revenue this year. This was announced at the group’s shareholder meeting on Monday.

The corporation plans to list its shares on the HCM City Stock Exchange (HOSE) in August this year.

The corporation is scheduled to raise its taxi fleet to 8,300 units by late 2008. Mai Linh aims to turn into a multi-business group by contributing capital into real estate, buses, eco-tourism, an automobile manufacturing plant and a driver training centre.

Building materials maker announces Q1 profits

HA NOI — Da Nang Construction Building Materials and Cement Co (DXV) earned VND216.3 billion (US$13.5 million) revenue in the first quarter of the year, a reduction of 4.74 per cent against the same period last year.

Building materials sold smoothly due to rising demand in the building industry.

Tissue paper maker rolls out business plan

HA NOI — Hai Phong (Hapaco) tissue-paper maker earned revenue of VND29.7 billion in April, a drop of 6.81 per cent over March. Profits amounted to VND7.16 billion.

For the whole year, the company plans to earn VND320 billion in revenue, after-tax profit of VND80 billion, and a dividend payment of between 10 and 15 per cent.

Hapaco will issue 26 million extra shares to raise its charter capital to VND500 billion.

Telecom explains why shares are bottoming out

HA NOI — The Ha Noi Securities Trading Centre has received a full account from Telecommunication Technical Service (TST) explaining the downward trend of its shares in five consecutive trading sessions from April 29 to May 5, 2008.

The shares continued hitting floor prices attributed to the common downward trend of the stock market.

Investors can visit the company web site: to get information about its business activities. — VNS

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