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Over 11 trillion VND (482.9 million USD) worth of G-bonds was mobilised for the State budget in March (Photo: VNA) Hanoi (VNA) – The Hanoi Stock Exchange held 11 auctions of Government bonds (G-bonds) in March, mobilising over 11 trillion VND (482.9 million USD) for the State budget – up 10 percent from the previous month. Successful bidders of five-year bonds would enjoy an interest rate of between 2.93 – 2.97 percent per year, seven-year bonds 3.4 percent, and 15-year bonds 4.4 percent. The winning interest rate for 20-year bonds is 5.1 percent while those for 30-year bonds range from 5.39 to 5.42 percent per year. Compared to February, the coupon rates of five- and 15-year bonds respectively declined 0.08 and 0.12 percent per annum. [Market value of G-bonds equivalent to 20 percent of GDP] In the G-bond secondary market, the total volume of G-bonds sold by the outright method exceeded 1 billion, worth more than 122 trillion VND (5.35 billion USD), up 65 … [Read more...] about Nearly 500 mln USD worth of G-bonds mobilised in March

The southern province of Dong Nai has licensed 38 foreign direct investment (FDI) projects worth more than 374 million USD in the first three months of 2018 (Illustrative photo: VNA)   Dong Nai (VNA) – The southern province of Dong Nai has licensed 38 foreign direct investment (FDI) projects worth more than 374 million USD in the first three months of 2018. According to the local management board of industrial parks, of the total, there were 22 new projects, with combined registered capital exceeding 106 million USD. They included projects invested by August Sport Ltd at 15 million USD and by Great Kingdom Nhon Trach 2 Ltd at 10 million USD. The remaining 16 projects, which had already operated, saw over 268 million USD added to their existing capital. They included the Dutch-funded Bosch Gasoline Systems – HPC plant in the Long Thanh industrial park (over 71 million USD) and a project by the Singaporean-funded OPC pharmacy company in the Bien Hoa II industrial … [Read more...] about Dong Nai lures over 374 million USD in FDI in Q1

Illustrative image (Source: VNA) Hanoi (VNA) - Steelmaker Hoa Phat Group targets revenue of 55 trillion VND (around 2.42 billion USD) and after-tax profit of 8.05 trillion VND (354.6 million USD) in 2018. The information was released at the group’s annual shareholder meeting held recently in Hanoi with the participation of 368 shareholders, who together hold 77 percent of ordinary shares. Hoa Phat’s management board chairman Tran Dinh Long said the group sees 2018 as a crucial year. The firm would take drastic measures to ensure the progress of the Hoa Phat Dung Quat steel and iron production complex and make it the priority target for this year, Long said. He added that the management board had carefully considered the targets before submitting them to the meeting. The group would implement many big projects this year in their main steel business. In addition, it would be alert for changes in the material market. In other sectors such as agriculture, … [Read more...] about Steelmaker Hoa Phat Group targets 2.42 billion USD in revenue

Illustrative image (Source: VNA) HCM City (VNA) - The Vietnam Dairy Products Joint Stock Company (Vinamilk) targeted a revenue of 55.5 trillion VND (2.46 billion USD) and a post-tax profit of 10.75 trillion VND (477 million USD) this year, up 8.5 percent and 4.6 percent, respectively.  During the annual shareholders’ meeting in Ho Chi Minh City on March 31, Vinamilk planned to pay dividends equivalent to at least half of its post-tax profit. The dividend for the first stage of 2018 will be paid in the third quarter this year at 2,000 VND per share while the second stage is slated for May – June 2019. Up to 35 percent of 2017 dividends have been paid while 15 percent will be paid on June 26, 2018 with June 6, 2018 as the last registration date. Earlier, Vinamilk announced that it posted a revenue of 51.135 trillion VND and a post-tax profit of 10.278 trillion VND. Vinamilk General Director Mai Kieu Lien said its market share has hit 58 percent, up 1 percent … [Read more...] about Vinamilk sets 2.46 bln USD in revenue in 2018