builder plans big project
BINH DUONG — Singapore’s
Mapletree Investment Pte plans to build an international standard production and
business district in the southern province of Binh Duong at a cost of over
US$400 million, said the company’s managing director, Chua Tiow Chye.
Covering an area of over
108ha, the project would include a high-tech zone, housing and commercial
buildings, said provincial People’s Committee chairman Nguyen Hoang Son.
host three Chinese trade fairs
HCM CITY — Three trade
fairs showcasing products from China will be held side-by-side November 21-24 in
The China Products Fair,
the 3C Expo of of IT, communications electronic products, and an exhibition of
products from southern China’s Guangdong Province will together bring over 200
Chinese enterprises to display such products and services as home electronics,
motorbikes, auto parts, clothing, educational equipment and more.
to export tyres to EU
BERLIN — Viet Nam will
begin exporting tyres for trucks and motorbikes to the EU market under a
contract signed Continental AG, a German manufacturer of tyres and auto parts.
An agreement to supply
tyres for heavy and light trucks and motorbikes during 2008-12 was signed by
Continental with Viet Nam’s Southern Rubber Industry Co (Casumina) at
Continental’s Asian office in Malaysia on November 7.
Under the agreement,
Continental will import at least 170,000 truck tyres and 600,000 motorbikes
tyres made by Casumina at a total value of US$12.9 million per year. The two
companies plan to set up a production facility in Viet Nam to manufacture the
tyres in accordance with European standards.
Casumina has already
exported products to 36 countries and territories worldwide. The company has
been ranked 59th among the 75 global largest tyre makers by Rubber &
Plastics News (USA).
Paper pockets ASEAN award
HA NOI — Sai Gon Paper
Joint Stock Co has won the ASEAN Business Award 2007, announced the Viet Nam
Paper and Pulp Association.
The award, given to 12
outstanding ASEAN businesses, recognises their contribution to economic
development and prosperity in terms of growth, jobs, business renewal and social
Sai Gon Paper is now the
fourth largest paper company in Viet Nam in terms of capacity and output.
wins business award
HA NOI — HSBC Viet Nam
has won the Australian Business Award for showing strong commitment to local
communities. The award from the Australian Chamber of Commerce in Viet Nam has
been given out for the past five years in seven categories.
to auction shares in HCM City
HCM CITY — The HCM City
Stock Exchange on December 3 will auction more than 657,000 shares in Dong Tam
Nutrition Food Joint Stock Company (Nutifood) at the initial price of VND50,000
The move is part of the
company’s plan to sell nearly three million shares - including 2.2 million
shares to strategic partners and 165,500 shares to company employees - in order
to raise VND119 billion (US$7.4 million).
Of this total, about VND60
billion will be used to build a powdered milk processing factory. The remainder
will be used as floating capital.
The company, which has a
charter capital of VND120.6 billion, is expected to list on the HCM City bourse
before the end of the year.
Quang posts $12m profit till October
HA NOI — The Dien Quang
Light Bulb Joint Stock Company in the first 10 months of the year generated
revenue of VND931 billion (VND57.8 million) - twice that during the same period
last year. Net profit reached VND194.33 billion ($12 million), 3.6 times higher
than the corresponding period last year.
The company’s profit for
the whole year is expected to exceed VND240 billion ($14.9 million).
General director Ho Thi
Kim Thoa said the company had raised its capital from VND80 billion to VND160
billion in preparation for listing on the HCM City Stock Exchange.
releases listed yearbook 2007
HA NOI — The first
yearbook of listed companies, compiled by the Tai Viet Joint Stock Company
(Vietstock), was published last Thursday.
The 448-page book contains
business information on 120 enterprises listed on the HCM City Stock Exchange
and the Ha Noi Securities Trading Centre.
The cover price is
Mai Cement to issue shares
HA NOI — The Ha Noi
Securities Trading Centre on November 30 will auction nearly 17.8 million shares
in Hoang Mai cement company with a face value of VND10,000 per share.
The initial price will be
The company has a charter
capital of VND850 billion (US$53 million). Investors have until Thursday to
register to buy shares. — VNS