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Coal miner sets dividend registration date

Update: February, 18/2011 - 09:41

HA NOI — Nui Beo Coal Co (NBC) announced that February 25 would be the registration deadline for its shareholders to participate in the company's first round of dividend payouts and the upcoming shareholders meeting.

NBC will pay a cash dividend at a ratio of 15 per cent on March 25.

The company recently posted a net profit of almost VND77 billion (US$3.7 million) for 2010, a fall of 2 per cent from the previous year. Its earnings per share (EPS) ratio reached VND12,814 ($0.61)

Following the company's recent resolution, NBC will double its charter capital from VND60 billion ($2.9 million) to VND120 billion ($5.7 million) and allocate bonus shares at a ratio of 1:1 this year.

PetroVietnam-Nghe An to list in Ha Noi

HA NOI — The Ha Noi Stock Exchange has approved the listing of 10.8 million shares of PetroVietnam Nghe An Investment and Trading Co (PVIT), an affiliate of the Ha Noi-bourse listed PetroVietnam Nghe An Construction (PVA).

The company is scheduled to debut on February 22 under the code of PXA.

PVIT has a charter capital of VND108 billion (US$5.1 million), of which domestic shareholders hold 100 per cent of the capital. It mainly operates in construction and real estate, petroleum products, mining and processing minerals.

Dragon Capital funds totals $1 billion

HCM CITY — Dragon Capital on Wednesday announced the total net asset value (NAV) of its six funds in January, totalling approximately US$1.03 billion, mainly from three funds investing in listed shares.

Vietnam Enterprise Investment Limited's (VEIL) NAV reached $420.4 million; Vietnam Growth Fund Limited (VGF), $231 million; and Vietnam Dragon Fund (VDF), $158 million. But while the NAV of VEIL and VGF rose 1.2 per cent and 1.6 per cent, respectively, VDF's NAV declined 0.7 per cent.

The other three funds - Vietnam Resource Investments Limited (VRI), Vietnam Property Fund (VPF) and Vietnam Debt Fund (VDeF) - also saw their NAV down by 0.5 per cent on average from the previous month.

At the end of January, the total value of listed shares held by Dragon Capital funds reached $647.5 million, accounting for 10 per cent of the total value of listed shares that foreign investors currently hold.

New industrial parks established

HA NOI — Some 256 industrial parks and 20 economic zones have recently been established across the country, according to the Viet Nam Institute of Architecture, Urban and Rural Planning under the Ministry of Construction (MoC).

However, many industrial parks and economic zones have had to adjust their master plans as they do not meet current demand.

To resolve this situation, the MoC has asked local authorities while reviewing provincial construction plans focus on some contents related to forecasting urban growth.

Sa Ky port to be upgraded

QUANG NGAI — The People's Committee of the central coastal province of Quang Ngai approved the enlargement of Sa Ky Port in Binh Son District in June at a total cost of VND51 billion (US$ 2.4 million), according to the provincial Department of Transport.

Sa Ky Port expects to provide transport services between the mainland and Ly Son Island.

Logistics executives to meet in VN

HCM CITY — The annual meeting of the WCA Family of Logistics Networks (WCA) will be held in Viet Nam for the first time. The event will take place in the southern economic hub of HCM City from February 20-27.

According to WCA chairman David Yokeum, this year's meeting is expected to have a record attendance. 1,600 professional logistics companies from more than 160 countries and territories across the world are due to attend.

The meeting will create favourable conditions for transport agencies to meet and build relations.

Viet Nam's logistics market has made strong and positive advances. Viet Nam stands 53rd out of 155 economies in terms of the logistics sector, according to a World Bank report.

Seafood firm expects higher exports

TRA VINH — Cuu Long Seaproduct Joint Stock Co expects to reach an export turnover of over US$60.7 million this year, a 10 per cent increase against 2010.

The company earned $50.8 million from exporting shrimp and tra fish last year, a 33 per cent increase against 2009.

Of this, the company exported 345 tonnes of frozen shrimp worth $3.86 million in December 2010 alone to key markets including the US, Japan and EU.

The company ranked 10th among Viet Nam's largest shrimp exporters in 2010.

Vincom launches real estate floor

HA NOI — Property trader Vincom yesterday launched a real estate trading centre. The centre, locating on the fourth floor of Vincom City Towers, will provide customers with brokerage and consultancy services.

Beside the projects developed by familiar trademarks Vincom and Vinpearl, the centre includes portfolios for projects developed by other companies. The centre will also help in sourcing project capital.

At the opening ceremony, Vincom director Le Khac Hiep said the centre would contribute to improving transparency in the company's property trading section, as well benefit the company's business performance in the future. — VNS

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