Divesting from Vinaconex was one of SCIC’s most successful deals last year (Photo: VNA) Hanoi (VNS/VNA) - The State Capital Investment Corporation (SCIC) reported after-tax profit of 8.25 trillion VND (356 million USD) in 2018, 52 percent higher than the annual target. Its revenue was 12.58 trillion VND (541.3 million USD), equivalent to 159 percent of its target. SCIC estimated it had paid 6.99 trillion VND (300.7 million USD) in corporate income tax in 2018, 54 percent higher than the target, and paid 2.18 trillion VND (93.8 million USD) directly to the Enterprise Arrangement and Development Support Fund. SCIC played an important role in the restructuring of State-owned enterprises. Founded in 2005, SCIC divested State capital out of 986 companies to collect nearly 37 trillion VND (1.6 billion USD), compared to the book value of 8.3 trillion (357 million USD). In 2018 alone, SCIC earned nearly 7.78 trillion VND (334.7 million USD) from selling stakes at nine companies. … [Read more...] about SCIC reports profits 52 percent higher than target
Refinance 100 percent home value
Illustrative image (Source: VNA) Hanoi (VNS/VNA) - The Vietnam Securities Depository (VSD) will apply a new minimum initial margin ratio of 13 percent from July 18 instead of the previous 10 percent for VN30 Index futures to avoid violations and ensure the security of the derivatives market. The initial margin is the minimum collateral value deposited with the VSD to meet the requirements of clearing members’ positions which are expected to open before trading, except close-out positions of the same trading account. The VSD on July 13 “sent a written notice to clearing members about the adjustment” and requested them to “review, recalculate the margin requirement value in accordance with new minimum margin requirements on each investor accounts.” Clearing members should ask for “additional deposits (if necessary)” to avoid “violation of collateral usage rate” and “assure the safety and smoothness of clearing and … [Read more...] about Initial margin ratio raised to reduce derivatives risks
PetroVietnam Power Corporation (PV Power) will debut on the HoSE on January 14 with more than 2.34 billion shares. (Photo: VNA) HCM City (VNS/VNA) - The Ho Chi Minh Stock Exchange (HoSE) has recently accepted or looks set to accept the listing of three more large-cap companies, but questions remain following a volatile year for the market. The PetroVietnam Power Corporation (PV Power) will debut on the HoSE on January 14, 2019 with more than 2.34 billion shares. On December 28, 2018, the company cancelled the trading of more than 467.8 million shares on the Unlisted Public Company Market (UPCoM). On January 2, the southern market regulator announced it had approved the listing of the country’s largest ceramics and tile producers Viglacera with more than 448.3 million shares and an unknown debut date. National flag carrier Vietnam Airlines recently filed to list all of its 1.4 billion shares on the southern bourse. The company also plans to terminate its listing on the UPCoM … [Read more...] about HoSE listing remains a gamble
The VN-Index recorded nine hikes in he two weeks since the end of the Lunar New Year holidays (Photo: VietnamPlus) Hanoi (VNA) - This week, Vietnam’s stock markets closed in the green, as the benchmark VN-Index rose 1.34 points to 988.91 points while the HNX-Index inched up 0.7 point to 106.82 points. The VN-Index on the Ho Chi Minh City Stock Exchange (HoSE) enjoyed increases in the whole week (from February 18 to 22) and it was also the ninth hike in two weeks. On February 22, there were 144 rising codes and 152 in decline. The VN30, which measures the performance of the 30 stocks with the highest market capitalisation and liquidity on the HoSE, had 17 advancing codes and 12 others end in red, while one code was flat. In the week, foreign investors posted net purchase value of 772.92 trillion VND (33.02 billion USD), equivalent to 23.64 million shares. E1VFVN30 topped the list with 15.4 million shares purchased, followed by HPG with 8 million shares. The … [Read more...] about Will VN-Index hit 1,000-point mark thanks to investors’ positivity?
The marathon will have the same four distances - five kilometers, 10 kilometers, 21 kilometers (half marathon) and 42 kilometers – and the same registration fees as its sister, VnExpress Marathon Quy Nhon 2020. The race will be held on April 5 in Hue, the seat of Vietnam's last royal rulers, the Nguyen Dynasty, which reigned from 1802 to 1945. Runners can register from now until December 2 to get the Super Early Birds price of VND250,000-750,000 ($10.81-32.42), based on the distance. Distance Super Early Bird (Nov 18-Dec 2) Early Bird (Dec 3-Jan 3 2020) Regular (Jan 4-Feb 18, 2020) Late (Feb 19-Mar 5, 2020) 05 Km VND250,000 VND300,000 VND400,000 VND500,000 10 Km VND500,000 VND650,000 VND800,000 VND1,000,000 21 Km VND600,000 VND750,000 VND950,000 VND1,200,000 42 Km VND750,000 VND900,000 VND1,100,000 VND1,300,000 Athletes and businesses can take advantage of group discount rates and get 25 percent off for a group of over 100 runners, followed by 20 … [Read more...] about Early bird registration opens for VnExpress Marathon Hue 2020