Vietnam Petrolimex valued at about $2.8 bln on market debut

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Báo Tuổi Trẻ English 2 day(s) ago

Shares of Vietnam's Petrolimex jumped 13.3 percent on debut Friday, valuing the country's top oil products distributor at around $2.8 billion, Reuters data showed.

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Vietjet sets $1.9bn revenue target for 2017

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Báo Tuổi Trẻ English 3 day(s) ago

Low-cost Vietnamese carrier Vietjet has set targets of VND42.018 trillion (US$1.88 billion) in revenue and VND3.395 trillion ($151.56 million) in post-tax profit for 2017, after enjoying a successful 2016 with healthy growth and whopping earnings.

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Banks aim for high profit in 2017

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Báo Đầu Tư English 1 week(s) ago 1 related news

Starting the annual general meeting (AGM) season, several banks have revealed ambitious plans for 2017.

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Tax dept vows to collect tax from sales on Facebook

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Báo Đầu Tư English 1 week(s) ago

The HCMC Taxation Department has drawn up a plan to cooperate with agencies to collect tax from sales via social networks.

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Vietnam locates in group of low petrol price countries

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SaiGon GP English 1 week(s) ago

Vietnam’s retail petrol price is lower than neighboring countries and many ASEAN nations, said head of Tax Policy Department Pham Dinh Thi yesterday afternoon referring to a proposal to increase environmental protection tax rate.

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50 percent MLM companies report losses in Vietnam

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SaiGon GP English 1 week(s) ago

Vietnam Competition Authority under the Ministry of Industry and Trade reported low efficiency in operation of multi-level marketing (MLM) companies with profit after tax averaging 2.2 percent and over 50 percent of them posting losses in 2016.

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Thua Thien - Hue attracts 140 investment projects

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Báo Dân Trí English 1 week(s) ago

Industrial zones in Thua Thien - Hue provinces attracted three projects in the first quarter of this year, raising the total number of projects to 140 with a total registered capital of VND64.3 trillion (US$2.83 billion) including 35 foreign direct investment (FDI) projects worth US$1.74 billion.

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Vietjet posts record after-tax profit in 2016

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Báo Tuổi Trẻ English 2 week(s) ago

Vietjet has reported record revenue and profit in 2016, making it the low-cost carrier’s most successful year since it began operation in 2011.

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Banks cautious about business targets in 2017

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Báo Đầu Tư English 3 week(s) ago

The season of annual shareholders meeting will begin next month and commercial banks have been cautious while setting business targets for this year in the context of slow bad debt settlement and high risk provision, Dau tu chung khoan (Securities Investment) newspaper reported.

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Sovico, BSR in investment talks

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Báo Đầu Tư English 3 week(s) ago

Investment firm Sovico Holdings is in talks with the Bình Sơn Refining and Petrochemical Company (BSR Co Ltd) on exploiting opportunities arising out of the latter’s equitisation process.

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GTNFoods acquires Vilico for $58.3 million

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Báo Đầu Tư English 3 week(s) ago

GTNFoods Joint Stock Company (GTNFoods) has acquired 65 per cent stake in Việt Nam Livestock JSC (Vilico), the parent company of Mộc Châu Milk Company, for VNĐ1.33 trillion (US$58.33 million).

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Trump pivots to tax reform after Obamacare shipwreck

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Báo Đầu Tư English 3 week(s) ago

WASHINGTON: After a crushing defeat in the effort to repeal Obamacare, the Trump administration is hoping for smoother sailing on tax reform, expecting this will be less divisive among Republican party factions.

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Vietnamese banks’ growth unsustainable

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Báo Đầu Tư English 1 month(s) ago

Profits in 2016 showed that banks had good performance, but the growth in expenditures is higher than that of profit, which raised questions about the effectiveness of banks’ operations.

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Negotiations continue for Vietnam airports group share sale

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SaiGon GP English 1 month(s) ago 1 related news

The Airports Corporation of Vietnam (ACV) and France’s airport authority Aéroports de Paris (ADP) are still in negotiations on the sale of ACV shares.

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Thai cement acquisitions: a questionable decision

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Báo Đầu Tư English 1 month(s) ago

The two biggest Thai cement companies were recently involved in million dollar takeovers of two cement companies in Vietnam, but in the face of the domestic cement glut and the bad business results of Vietnamese companies in the industry, was this really a smart move?

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