31 Aug 2012 Intellasia Finance Vietnam - Hong Kong Business ...

BUSINESS
Vietnam finance & business 31 August 2012
BUSINESS
BIZ NEWS
Business Briefs
August 31
31/AUG/2012 INTELLASIA
* SSI Member Fund will buy one million shares of Hung Vuong Corporation (HVG)
within one month starting from September 5.
* VIAC (No. I) Limited Partnership has bought over two million shares of Vinh Son-
Song Hinh Hydropower Company (VSH) to spur its ownership from 8.5 percent to 9.5
percent.
* The State Treasury sold 1.1 trillion dong worth of two-year government bonds, nearly
1.6 trillion dong worth of three-year bonds and 50 billion dong worth of five-year
bonds via an auction yesterday. The winning coupons were 9.3 percent, 9.4 percent
and 9.6 percent per annum respectively.
* Hai Minh Corporation (HMH) has announced August 31 as the ex-dividend date for
shareholders' to receive 2012 dividend in cash at 7 percent and bonus shares at 32 percent.
* Vietnam Education Publishing House Company has registered to buy 129,000 shares
of Dien Hong Printing Company (DHI) from tomorrow to September 28.
* Na Loi Hydropower Company (NLC) has announced September 6 as the ex-dividend
date to pay 2011 dividend in cash for shareholders at 18 percent.
* Song Da 6 Company (SD6) has gained approval to trade 1.7 million more shares on
the northern bourse.
* Saigon Railway Passenger Transport Company will run 14 more trains from HCM
City to Phan Thiet, Nha Trang and Quy Nhon and vice versa from today until Monday
to meet the increasing transport demand for National Day, Vietnam News Agency reports.
Passengers can buy tickets at vetau.com.vn, gasaigon.com.vn and ticketing
agencies or call 08 38436 528.
* Ha Tinh Garment Joint Stock Company has exported over 300,000 apparel products
to the U.S, Taiwan, South Korea, Japan and some EU countries with a combined revenue
of nearly 11 billion dong this year. The firm expects to obtain around 24 billion
dong in export revenue from exporting over 600,000 products by the end of the year.
* Vietnam Bank for Industry and Trade (VietinBank) has signed a deal with Novaland
Group to offer preferential interest rates for customers buying apartments of the Sunrise
City project in District 7 and the Tropic Garden project in District 2. Specifically,
when taking out loans at VietinBank from September to December 31, customers will
enjoy an annual rate of 8 percent in the first year and 10 percent in the following four
years.
* PetroVietnam Drilling and Well Services Corporation (PVD) explained a 26.8 percent
on year increase in its audited consolidated net profit to VND663.1 billion in the first
six months of 2012 as follows: Its drilling system PV DRILLING V (TAD) started operation
from February 14, 2012 with high efficiency. Besides, other drilling well technical
services such as karota gas measurement, equipment leasing grew well.
* PetroVietnam Power Renewable Energy Limited Company has put into operation
two of the three wind turbines at Phu Quy wind power plant which generates power
for the island district of Phu Quy, Binh Thuan Province. Constructed in late 2010 with
a total investment of over 335 billion dong, the plant will produce 25 million kWh per
year.
* Song Da Group and Viet-Lao Power JSC will develop two hydropower projects Sekong
3 and Sekaman 4 in Laos' Attapeu and Sekong provinces. The 205- MW Sekong
3 project worth $78.5 million will generate around 804 million kWh per year. Meanwhile,
the $128 million Sekaman 4 project, having a capacity of 80 MW, will generate
316 million kWh annually.
* Vissan Company has opened its representative office in Cambodia's PhnomPenh
City and signed a cooperation agreement with Cambodian distributor UngGech after
two months of preparations.
* Oil exploration and exploitation firm TNK Vietnam has set aside 2.1 billion dong to
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