The transaction worth about VND87 billion ($3.78 million) was done on August 2 by NutiFood Binh Duong Nutrition Food JSC. After the transaction, NutiFood increased its ownership ratio in Quang Ngai Sugar to 19 million shares, equaling a 5.33 per cent stake. NutiFood is the fourth-largest shareholder in Quang Ngai Sugar, following Thanh Phat Trading Co., Ltd, general director Vo Thanh Dang, and investment fund VinaCapital. This ownership ratio is still quite low, however, since the end of last year, there have been many speculations on the stock market that NutiFood is trying to increase its influence in Quang Ngai Sugar . Quang Ngai Sugar could be an ideal piece for NutiFood to increase market share in the food and beverage sector. Notably, at the end of last year, Phuoc An Coffee JSC – a member of NutiFood deputed an expert of RongViet Securities Corporation to hold 29.35 million shares, equaling an 8.2 per cent stake in Quang Ngai Sugar. Meanwhile, … [Read more...] about NutiFood becomes major shareholder in Vinasoy’s owner
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Viettel Telecom introduces tracking device vTag
Viettel Telecom launches tracking device vTag to help customers locate and monitor children, valuable objects and personal items. (Photo courtesy of Viettel) HCM City (VNS/VNA) - Viettel Telecom has officially launched a tracking device called vTag, which Viettel hopes can compete with Apple's AirTag. The device has features such as real-time positioning , travel history, SOS alert, a warning when leaving preset zones (Geo-fencing), and is water/dust resistance as per IP67 standard. vTag is a tracking device that uses the technologies of NB-IoT and GSM to locate and monitor children, valuable objects and personal items. Nguyen Trong Tinh, Deputy General Director of Viettel Telecom , said that vTag uses GPS satellite technology and mobile signals to help track objects. The device is compact and designed in a hook-and-loop case which can be worn around the neck, attached to objects or combined with a case or a silicone strap to wear on the wrist. Designed to … [Read more...] about Viettel Telecom introduces tracking device vTag
Four subsidiaries of PetroVietnam named in Forbes Vietnam’s list of top 50 listed firms
Representative from PetroVietnam Camau Fertilizer JSC receives insignia as one of top 50 listed firms in Vietnam in 2022. Hanoi (VNA) – Four member companies of the Vietnam Oil and Gas Group (PetroVietnam) have been named in the list of the top 50 listed firms in Vietnam in 2022 compiled by Forbes Vietnam . They are Petrovietnam Gas Corporation (PV Gas), PetroVietnam General Service Joint Stock Corporation (Petrosetco), PetroVietnam Fertilizer and Chemicals Joint Stock Corporation (PVFCCo), and PetroVietnam Camau Fertilizer JSC. PV Gas is at the ninth place in the list this year. This is the 10th consecutive year that the company has been honoured in the list. The company posted record revenue and profit in the first six months this year, with net turnover at 54.342 trillion VND (2.32 billion USD at current exchange rate), up 35% year on year and after-tax profit at 8.637 trillion VND, up 98% year on year. In the period, PV Gas produced and supplied more than 1 billion … [Read more...] about Four subsidiaries of PetroVietnam named in Forbes Vietnam’s list of top 50 listed firms