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.
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.
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
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
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
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.
Commission licenses new broker
HA NOI — The State
Securities Commission has granted an operation licence to E-Viet Securities
The newcomer has charter
capital of VND42 billion (US$2.6 million) and provides consultancy and brokerage
The company, located in Ha
Noi, is allowed to deposit securities for individuals and institutional
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.
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
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.
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.
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
Investors can visit the
company web site: www.tst.com.vn to get information about its business
activities. — VNS