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Hanoi (VNS/VNA) - The State Capital Investment Corporation (SCIC) plans to invest 8 trillion VND (approximately 345.6 million USD) in Vietnam Airlines JSC (HVN). The amount is equal to 25 percent of HVN’s charter capital. “Vietnam Airlines will issue 8 trillion VND in shares to existing shareholders to raise its charter capital. And SCIC represents the Government to buy the shares,” Nguyen Chi Thanh, General Director of SCIC, said during a recent press conference. The two sides had a meeting to work out the HVN share price, Thanh added. Vietnam Airlines is creating a share offering plan to raise its charter capital and needs to get opinions from the State Securities Commission of Vietnam. Meanwhile, SCIC’s mission is to price HVN's share value. In order to define the share offering price, Vietnam Airlines has to evaluate its own value based on its five-year business plan. But COVID-19 is a biggest challenge for the … [Read more...] about SCIC pours up to 345.6 million USD in Vietnam Airlines

So far, Vietnam Airlines Group, a consortium of Vietnam Airlines, Pacific Airlines and VASCO, has announced over 2,100 added flights on the Lunar New Year schedule, which brings the total number of seats offered for the peak holiday season to more than 2.4 million. … [Read more...] about As travel demand surges, Vietnamese airlines plan more late-night flights during holiday season

The plan’s next phase took place in 2009-10 with the company implementing five projects of burying electrical and communications wires in some central areas including around the Ho Chi Minh City People’s Committee building, Ben Thanh Market, and on the main streets of Tran Hung Dao, Le Thanh Ton, and Truong Dinh.  … [Read more...] about A decade of burying tangled wires in Ho Chi Minh City

Hanoi (VNA) - The Ministry of Industry and Trade (MoIT) recently issued Directive No.15 on the implementation of measures to ensure essential consumer goods are available during the upcoming Lunar New Year (Tet) holiday and to stabilise the market. The Departments of Industry and Trade nationwide have been ordered to outline production and business plans while making evaluations on the supply and demand of essential items, so as to make a timely response to prevent a shortage of goods or price hikes during Tet. They should recommend the provincial People’s Committees set up plans to stock shelves for the holiday or in case of epidemic, as well as join hands with branches of the State Bank of Vietnam to help businesses access preferential loans to produce essential goods for the holiday. They have been asked to coordinate with the Departments of Agriculture and Rural Development and competent agencies to keep a close watch on weather and disease developments and to assess … [Read more...] about MoIT working to ensure supply of goods during Tet holiday

A steady pace of market reforms in Vietnam, supported by a growing need of issuers for funding, have led to annual bond issuance growing from US$92 million in 2000 to US$24 billion in 2019. Total bond issuances more than doubled between 2012 and 2019 growing from US$11 billion in 2012 to US$24 billion in 2019. Ngoc Thao … [Read more...] about Vietnam primed for credit rating agency to boost bond market