Four investors, including three individuals and an organisation, spent about VND195.5 billion ($8.5 million) to buy 4.2 million shares of Sao Vang Rubber JSC (SRC), subsidiary of Vietnamese chemical group Vinachem. A group of investors beginning to exert control over Sao Vang Rubber JSC may be involved in the divestment The Ho Chi Minh City Stock Exchange (HSX) on June 4 announced the results of the auction Sao Vang Rubber JSC shares held by Vinachem on the same day. 15 per cent of SRC capital owned by Vinachem was offered at the starting price of VND46,452 ($2.02) per share, equivalent to the divestment value of about VND195.5 billion ($8.5 million). As a result, four investors, including an organisation and three individuals bought 4.2 million SRC shares at the price equal to the starting price. Notably, SRC's market price on June 4 was about VND25,000 ($1.09), but these four investors paid nearly twice this amount to get ther hands on Vinachem's interest. Information about … [Read more...] about Who bought the shares of Sao Vang Rubber JSC?
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Who are the owners of luxury apartments in District 1? A view of The Grand Manhattan, a luxury apartment project in downtown HCMC The just-launched Grand Manhattan has become the center of splendor due to its luxury apartments being located in downtown HCMC, which are not easy to own. From international investors Elena Goh, a Singaporean real estate investor, is one of the first owners of apartments at The Grand Manhattan, “HCMC is a market my husband has eyed for ages. So we decided to purchase apartments as soon as the project was introduced to the market. Compared with other property markets which I have invested into such as Hong Kong, apartments in HCMC have a much lower price and profit margins reach 4%-5%, compared to Hong Kong’s 1%-2%.” As an experienced real estate investor, Elena Goh said, “In Hong Kong and Singapore, profit growth of luxury properties tend to be stable. I believe that profits from real estate projects in HCMC, which is an … [Read more...] about Who are the owners of luxury apartments in District 1?
VietNamNet Bridge - Analysts several years ago predicted that foreign retailers, with their powerful financial capability and experience, would dislodge Vietnamese retailers out of the home market. But their business results have become worse. VnExpress quoted experts as saying that, even while they were making M&A deals and increasing investment, foreign retail chains such as Big C, Lotte and Aeon still has revenue far below Vietnamese retailers. Analysts several years ago predicted that foreign retailers, with their powerful financial capability and experience, would dislodge Vietnamese retailers out of the home market. But their business results have become worse. Joining the market later than other rivals, Vingroup has quickly surpassed its rivals in expanding its network and business performance. RELATED NEWS Retailers rush to invest in drug distribution market Online retail taking off Mai Chi … [Read more...] about Who is the most profitable retailer?
Nation Who pays the dear price? The Saigon Times Daily Sunday, Mar 4, 2018,22:37 (GMT+7) Who pays the dear price?The Saigon Times Daily Authorities of the central coast city of Danang have finally come to a painful solution to the persistent pollution caused by two steel factories, Dana Y and Dana Uc, in Hoa Vang District, determining last Friday to shut down the steel mills with immediate effect. Such a bold decision follows angry protests spanning several months by the people, who have suffered from worsening pollution since the steel mills were set up there over ten years ago. At a meeting with representatives of the steel mills and villagers on Friday, Danang City Vice Chairman Ho Ky Minh announced a decision by the city’s Party leadership to cease production at the facilities. This is a hard-fought decision, as there has been much infighting in the past few years over whether to shut down the pollution-causing factories or … [Read more...] about Who pays the dear price?
Friday's Tale Who is the real player? Phuong Thao Friday, Dec 2, 2016,20:49 (GMT+7) Who is the real player?Phuong Thao Due to its misleading fish sauce test results, the Vietnam Standard and Consumers Association (Vinastas) last week issued an official apology to consumers, fish sauce producers, distributors and authorities. Nonetheless, the damaging impact of the wrongful survey is so huge that it might take the country’s traditional fish sauce industry a long time to recover. Vinastas chairman Doan Phuong said in a statement that the survey team was confused by the term “arsenic” as defined by the Vietnam Encyclopedia. This is meant to explain why the association did not make clear whether arsenic is in its organic or inorganic form. The survey simply claimed traditionally made fish sauce contained a higher-than-permitted level of arsenic, which was later ascertained as organic. Arsenic is highly toxic in its … [Read more...] about Who is the real player?