Kpmg

Assets not included in the enterprise’s value are fixed assets formed from the reward and welfare fund with the remaining value of VND 5.7 billion which was transferred to the trade union organisation to manage and use for the benefits of employees in the company. … [Read more...] about EVNGENCO 2 valued at $2 billion, IPO expected in December

Hanoi (VNS/VNA) - The value of the Power Generation Corporation 2 (EVNGENCO 2), a subsidiary of Vietnam Electricity, has been determined at 46.1 trillion VND (2 billion USD) as of January 1, 2019, of which the real value of State capital is more than 26.6 trillion VND. The company’s valuation, used for its equitisation process, was announced by the Commission for Management of State Capital at Enterprises on May 19. Assets not included in the enterprise’s value are fixed assets formed from the reward and welfare fund with the remaining value of 5.7 billion VND which was transferred to the trade union organisation to manage and use for the benefits of employees in the company. The valuation is calculated by the auditing and tax consulting firms AASC and UHY based on financial statements audited by KPMG. According to Ho Sy Hung, vice chairman of the commission, enterprise valuation is the first step during the equitisation process with the hope of providing the … [Read more...] about EVNGENCO 2 valued at 2 billion USD, IPO expected in December

In order to attract tenants during the post-epidemic period, many landlords are willing to reduce 20-30% of the rent. On the e-commerce marketplace Cho Tot, a 4-storey building with an area of 70 sq.m on Hang Bai street could be leased with VND150 million (US$6,419) per month along with the first two months rent-free, representing a fall in rent by 20% compared to the end of 2019.  … [Read more...] about BUSINESS NEWS HEADLINES MAY 23