High performance sedans

VietNamNet Bridge - In the first six months of 2018, three big players – Hyundai, Toyota and Truong Hai – held three-quarters of the fewer-than-9-seat car market share. On July 10, Hyundai Thanh Cong for the first time released a report on monthly sales. The manufacturer sold 24,557 products in the first half of 2018. Toyota sold 25,829 products of both Toyota and Lexus brands, while Truong Hai sold 32,308 cars of Mazda, Kia and Peugeot brands. Truong Hai ranks first in number of cars sold, followed by Toyota and Hyundai. If reckoning up the number of cars with fewer than nine seats sold by Hyundai Thanh Cong and VAMA’s members, the figure would be 108,360 cars in the first half of the year.  With a strategy on focusing on assembling cars, Hyundai Thanh Cong and Truong Hai are not meeting difficulties in supplies. Hyundai earlier this year stopped four import models to gather strength on assembling cars domestically.  Meanwhile, Truong Hai now … [Read more...] about Three big players vie for status in Vietnam’s automobile market

PV Gas posts higher-than-expected H1 results     PV Gas reported better-than-expected business results for the first six months of the year.Total revenue reached over VND37 trillion (US$1.6 billion) while net profit was VND5.32 trillion ($231.4 million), up 12 per cent and 30 per cent, respectively, against the same period last year.With these results, the company has completed 66 per cent of its revenue target and 83 per cent of its profit target set for the whole year.The operating profit margin, which measures how efficiently a company is at generating profits from its revenue, reached 14 per cent.The company paid VND2.53 trillion to the State budget, equivalent to 87 per cent of its yearly plan and up 21 per cent year-on-year.Up until June, total assets hit nearly VND66.2 trillion and owner’s equity reached VND45.8 trillion.In the latter half of this year, GAS expected global oil prices to remain high compared to its plan, which will support the company’s … [Read more...] about BUSINESS IN BRIEF 27/7

Nawaplastic still hungry for Binh Minh Plastic shares Owning a dominant stake in Binh Minh Plastic (BMP) did not quench Nawaplastic Industry Co., Ltd. (Nawaplastic)’s thirst for BMP shares. Most recently, Nawaplastic registered to buy an additional 1.17 million BMP shares to increase its holding to 44.525 million shares, equalling 54.39 per cent of the charter capital. The transaction is expected to occur between June18 and July16. The registered share volume is the remaining part of the 2.86 million shares that Nawaplastic failed to buy during previous transactions. Notably, Nawaplastic registered to buy 2.86 million BMP shares during transactions on May 14-June 12, however, the Thai investor ended up buying 1.69 million of the registered shares as BMP did not match Nawaplastic’s target price. BMP manufactures and trades civil and industrial products made of plastic and rubber. The company also designs, manufactures, and trades in plastic moulds for the casting industry; … [Read more...] about BUSINESS IN BRIEF 19/6