News

PJICO Insurance Corporation (PGI) targets a net profit of VND103 billion on net revenue of VND1.63 trillion in 2011.

VI (Vietnam Investments) Fund I, LP became a major shareholder of Vinafco Joint Stock Corporation (VFC) after it bought 36,280 shares on July 13.

Nguyen Ngo Huong Duong, a member of the Board of Supervisors Binhduong Trade and Development JSC. (TDC) sold 21,000 share purchase rights by March 25 through put-through.

In its latest financial report, the Vietnam National Petroleum Corporation, or Petrolimex, posted a whopping profit of VND913 billion (US$46.555 million) in 2008, taking the public by surprise as it was also in 2008 that the giant state firm reported

Nguyen Thanh Nhut, Chief Supervisor Cuchi Commercial and Industrial Developing Investment JSC. (CCI) bought 2,000 shares as registered by July 15 for investment through order-matching.

Le Phan Minh Vu, Deputy General Director of Binh Duong Construction and Civil Engineering JSC. (BCE) sold 13,760 shares out of the registered volume of 20,000 shares by June 15, 2011 because he has managed his own finance.

PetroVietnam Finance Joint Stock Corporation (PVF) on July 18 signed a credit contract with Hawee Co., Ltd. to provide Hawee with a credit line totaling VND253 billion.

Russia-based TNK-BP spokesman Thomas Kiehn told VIR that the deal was close to be sealed and was only waiting for the Vietnamese government’s final approval.

Ha Do JSC. (HDG) posted a 96.3% on-year plunge in its holding company’s net profit to VND2.7 billion in Q2/2011 on lower revenue.