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PV Power targets $1.4b in 2019

Vũng Áng 1 Thermal Power Plant. PetroVietnam must hold more than 51 per cent of PV Power’s capital until 2025 following the agreement with foreign investors in the Vũng Áng thermal power projects. — Photo vietnambiz.vn Viet Nam News HÀ NỘI — PV Power has set targets for total revenue of VNĐ32.77 trillion (US$1.4 billion) ... Read More »

Banks lift market on earnings hopes

Investors at Bảo Việt Securities Company in Hà Nội. Vietnamese stocks advanced on Wednesday after having fallen in the previous session on investors’ confidence in listed banks to produce good earnings reports for the whole year 2018. — VNS Photo Trương Vị Viet Nam News HÀ NỘI — Vietnamese shares rebounded on Wednesday as investors bet on listed banks due ... Read More »

Vinacomin asked to ensure coal supply, enhance quality

Workers at a mine of Vàng Danh Coal Joint Stock Company, a member of Vinacomin. – Photo vinacomin.vn Viet Nam News HÀ NỘI — Deputy Prime Minister Trịnh Đình Dũng asked the Việt Nam National Coal – Mineral Industries Holding Corporation Limited (Vinacomin) to ensure sufficient coal supply and seek measures to improve coal quality in 2019. Speaking at Vinacomin’s ... Read More »

More than 50 per cent of IT companies need to recruit heavily in 2019

Despite high salaries, employers still struggle to find high-quality IT personnel. — Photo thanhnien.vn Viet Nam News HÀ NỘI — Up to 53.6 per cent of information technology (IT) companies said they hope to increase their workforce by 10-30 per cent this year. This number was included in the results of a recent survey by ITviec.com, a leading IT recruitment ... Read More »

SCIC reports 2018 profits 52 per cent higher than target

Divesting from Vinaconex was one of SCIC’s most successful deals last year. – Photo Vietnamfinance.vn Viet Nam News HÀ NỘI — On Monday, the State Capital Investment Corporation (SCIC) reported after-tax profit of VNĐ8.25 trillion (US$358.7 million) in 2018, 52 per cent higher than the target for the year. Its revenue was VNĐ12.58 trillion, equivalent to 159 per cent of ... Read More »

Hòa Phát Group’s steel exports up 51 per cent

Hòa Phát Group gained a year-on-year increase of about 51 per cent in exports to 240,000 tonnes in 2018. – Photo courtesy of Hòa Phát Group Viet Nam News QUẢNG NGÃI — Hòa Phát Group, the largest steelmaker in the country, exported 240,000 tonnes of steel last year, a year-on-year increase of 50.97 per cent, the group said on Monday. ... Read More »

MoIT proposes to resolve Thái Bình 2 power plant’s difficulties

Thái Bình 2 Thermal Power Plant is still under construction despite its scheduled completion time already passing. — Photo vietnamnet.vn Viet Nam News HÀ NỘI — The Ministry of Industry and Trade (MoIT) has sent a document to Prime Minister Nguyễn Xuân Phúc following PetroVietnam’s proposal to use VNĐ2.5 trillion (US$107.7 million) from its provision cost to complete the much-delayed Thái ... Read More »

HoSE listing remains a gamble

PetroVietnam Power Corporation (PV Power) will debut on the HoSE on January 14, 2019 with more than 2.34 billion shares. — VNA/VNS Photo Viet Nam News HÀ NỘI — The Hồ Chí Minh Stock Exchange (HoSE) has recently accepted or looks set to accept the listing of three more large-cap companies, but questions remain following a volatile year for the ... Read More »

Việt Nam to test 5G mobile network this year

Việt Nam will enhance its telecommunications infrastructure, expand its broadband network and develop 5G mobile connectivity this year.— Photo vietnambiz.vn HÀ NỘI — Việt Nam will enhance its telecommunications infrastructure, expand its broadband network and develop 5G mobile connectivity this year. The latter is a key component of the Government’s Resolution 01, in which the Ministry of Information and Communication ... Read More »

New circular on securities-related service prices

The new regulation on prices of securities-related services supplements the price for services in the derivatives market. — VNA/VNS Photo Viet Nam News HÀ NỘI – The Ministry of Finance has issued new securities-related service regulations for trading organisations and commercial banks doing business in Việt Nam’s securities market. The new circular, No 128/2018/TT-BTC, replaced Circular No 242 dated November ... Read More »