Kinh Do renamed KIDO after Mondelez deal

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VietnamNet English 1 week(s) ago

Kinh Do renamed KIDO after Mondelez deal

Having sold 80% of its confectionery business to Mondelez International for around US$370 million, Kinh Do Corporation (KDC) has changed its name into KIDO Corporation, effectively abandoning its core confectionery operations.

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Ocean Group loses $60.5 million in 2014

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VietnamNet English 2 week(s) ago

Ocean Group loses $60.5 million in 2014

Ocean Group Joint Stock Company (OGC) reported a loss of VND1.319 trillion (US$60.5 million) in revenue in 2014 last Saturday when its annual shareholders' general meeting failed to convene.

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BIDV looks to open Myanmar unit this year

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VietnamNet English 2 week(s) ago

BIDV looks to open Myanmar unit this year

The Bank for Investment and Development of Vietnam (BIDV) said it is working on a plan to open a unit in Myanmar this year.

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Vietnam’s biggest fuel wholesaler sees profits eaten up by loss-making Singapore subsidiary

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Báo Tuổi Trẻ English 1 month(s) ago

Vietnam’s biggest fuel wholesaler sees profits eaten up by loss-making Singapore subsidiary

The Vietnam National Petroleum Group (Petrolimex), which holds the largest market share of fuel distribution in the country with over 48 percent, has reported losses in 2014, mostly due to its loss-making subsidiary in Singapore.

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VAMC buys VND40-trillion bad debts in January-May

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VietnamNet English 1 month(s) ago 1 related news

VietNamNet Bridge – Vietnam Asset Management Company (VAMC) looks to purchase bad debts totaling around VND40 trillion (US$1.8 billion) by the end of this month, said VAMC chairman Nguyen Quoc Hung.

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Foreigners grab bigger stakes in HHS

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VietNam News English 1 month(s) ago 1 related news

Two foreign investors recently purchased a 11.45 per cent stake in Hoang Huy Investment and Service Joint Stock Company (HHS).

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Foreign investors hold 11% stake in HHS

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Báo Đầu Tư English 2 month(s) ago 1 related news

Foreign investors hold 11% stake in HHS

Two foreign investors recently purchased a 11.45 per cent stake in Hoang Huy Investment and Service Joint Stock Company (HHS).

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Vinamilk in talks to buy dairy in Europe

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VietnamNet English 2 month(s) ago 2 duplicate news

Vinamilk in talks to buy dairy in Europe

Vinamilk, the country’s leading dairy processor, has been in negotiations over the acquisition of a milk processing plant in Europe, said Mai Kieu Lien, chairwoman and general director of the firm, at the recent annual general meeting.

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BTC: Notice of record date for AGM 2015 and Dividend payment in cash for 2nd round year 2014

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VietStock FI English 2 month(s) ago

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Pan Pacific says shares do better than expected

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VietnamPlus English 2 month(s) ago 1 related news

Agriculture and food products producer Pan Pacific (PAN) reported a consolidated revenue of over 1.12 trillion VND (52 million USD) and a pre-tax profit of 183 billion VND (8.47 million USD) for 2014.

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Pan Pacific says shares do better than expected

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VietNam News English 2 month(s) ago 1 related news

Pan Pacific (PAN) reported a consolidated revenue of over VND1.12 trillion (US$52 million) and a pre-tax profit of VND183 billion ($8.47 million) for 2014.

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VietinBank and PG Bank’s merger plan moves forward

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Báo Đầu Tư English 2 month(s) ago 1 related news

VietinBank’s shareholders have greenlighted the merger plan with Petrolimex Group Commercial Bank (PG Bank) and proposed a share swap ratio of 0.9:1 during the 2015 annual general meeting (AGM) held in Hanoi last week.

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BIDV to sell VND8-trillion bad debts to VAMC

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VietnamNet English 2 month(s) ago 1 related news

Bank for Investment and Development of Vietnam (BIDV) plans to sell VND8 trillion (US$371 million) worth of bad debts at book value to Vietnam Asset Management Company (VAMC) this year after disposing of VND6.1 trillion-plus bad debts in 2014.

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PV Gas shareholders approve VND7 trillion investments this year

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VietnamNet English 2 month(s) ago

Almost all shareholders at the annual general meeting of PetroVietnam Gas Joint Stock Corporation (PV Gas) last Friday approved a plan to invest a combined VND7 trillion (US$325.5 million) in 30 major projects this year.

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Vietnam lender BIDV sees 19 pct jump in annual pretax profit: investor

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Báo Thanh Niên English 2 month(s) ago

Vietnam lender BIDV sees 19 pct jump in annual pretax profit: investor

Vietnam's lender BIDV, the country's second-biggest partly private bank by assets, expects pre-tax profit to climb 19 percent to 7.5 trillion dong ($350 million) this year, a shareholder said.

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