Investing

Hai Phong Thermal Power JSC currently has four major shareholders owning up to 93.18 per cent of the company's charter capital. Its largest shareholder is the Power Generation Corporation 2, holding 51 per cent, followed by Pha Lai Thermal Power JSC with 25.97 per cent and Vinacomin Power Holding Corporation Limited with 7.21 per cent, besides SCIC which holds 9 per cent. … [Read more...] about State investment agency aims to sell stake in Hai Phong Thermal Power this month

On April 1, IHS Markit, an information, analytics, and solution provider for the major industries and markets, announced the purchasing manager’s index (PMI) of Vietnam’s manufacturing industry fell from 49 points in February to 41.9 points in March, the lowest level in nine years. This is also the strongest decrease since July 2012. In March, the number of new orders and production both dropped at the fastest rate in history, forcing enterprises to lay off workers.  Business optimism was also at its lowest level since the index was added to the survey in April 2012. The survey results of IHS Markit are quite consistent with the figures released by the General Statistics Office of Vietnam at the end of March. Accordingly, in the first quarter of this year, due to the impacts of the Covid-19 pandemic, foreign investment capital into Vietnam only reached US$8.55 billion, accounting for 79.1 percent compared to the same period last year. Of which, the total newly … [Read more...] about Many positive signals from FDI enterprises

During a working visit to Europe in March 2019, NA Chairwoman Nguyen Thi Kim Ngan assured her European parliament leaders that Vietnam creates the best possible conditions for foreign investment and business activities in the country. She also expressed hope that the European-Vietnam free trade agreement (EVFTA) and the Europe-Vietnam Investment Protection Agreement (EVIPA) would be ratified very soon for the sake of strategic interests of both sides. The European Parliament voted for the two pacts at its plenary session on February 12. The European Council on March 30 signed a decision ratifying the EVFTA, paving the way for the agreement to come into force. … [Read more...] about National Assembly to ratify EVFTA at upcoming session

A representative of the Hanoi Business Registration Office said that the business founders need to make many detailed statements, and officials had repeatedly asked for confirmation of details in the case of USC Interco, due to the unusually high charter capital. … [Read more...] about Company founders register $6.2 billion capital in ‘drunken haze’