HÀ NỘI — The Investment and Industrial Development Corporation (Becamex IDC) will pay a 6 per cent dividend payout in cash on August 1. That means every shareholder will receive VNĐ600 (US$0.26) for each share they own. That values the firm’s August dividend payment at VNĐ607.5 billion ($26 million). Becamex IDC will finalise the list of beneficiary shareholders on June 28. In 2018, the company earned VNĐ6.5 trillion and VNĐ2.34 trillion in total revenue and post-tax profit, respectively. The company plans to raise its charter capital to VNĐ20 trillion in 2019 and move from UPCoM to the Hồ Chí Minh Stock Exchange (HoSE). If the exchange-switching plan is approved, Becamex IDC will list all of its one billion shares on the southern bourse. Becamex IDC has more than one billion shares, of which nearly 24.8 million shares are traded on the Unlisted Public Company Market (UPCoM) with code BCM. In early December 2017, the … [Read more...] about Becamex IDC to pay 6% dividend in August
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This year, Vinafood 2 plans to invest VND106 billion in basic constructions to serve production and business. — Photo vietstock.vn Viet Nam Southern Food Corporation (Vinafood 2) has set 2019’s revenue at nearly VND21.29 trillion (US$913.73 million), a year-on-year increase of 19 per cent, and does not plan to pay a dividend to compensate for losses in 2018. The information was revealed in documents for 2019’s annual shareholders’ meeting, which will be held on June 25. This year, Vinafood 2 plans to invest VND106 billion in basic construction to serve production and business. In addition, the document also has a proposal to add some business lines, including: real estate, agencies for petrol, oil, lubricant and related products, retail of petroleum, lubricating grease and cooling products for motor vehicles, motorcycles, motorbikes and other motor vehicles, parking management and vehicle management activities. In 2018, the company suffered losses, so it … [Read more...] about Vinafood 2 not to pay 2019 dividends
The UK is not ready for Brexit. Business will pay a high price Food shortages. Major disruption to trade. At least $17 billion in new costs for business. Big trouble for small companies. These are the potential consequences of a disorderly Brexit, according to an analysis published Tuesday by the UK government that concludes the country is nowhere near ready to leave the European Union on March 29 without a transitional deal. With just over a month to go, the government still lacks parliamentary support for a divorce deal that would protect trade and other EU ties for nearly two years after Brexit while a longer term arrangement is agreed. In its analysis, the government admits it's on track to complete only two-thirds of its "most critical" preparation projects. Many companies and individuals are even less ready for an abrupt rupture with the European Union next month. "There is little evidence that businesses are preparing in earnest for a no deal scenario, and evidence indicates … [Read more...] about The UK is not ready for Brexit. Business will pay a high price
In the third quarter of this year Techcombank decided to pay stock dividends for 2017 to its shareholders at a ratio of two shares for each share held. – Photo cafef.vn In the third quarter of this year Techcombank decided to pay stock dividends for 2017 to its shareholders at a ratio of two shares for each share held. The decision was part of the bank’s plan to increase its charter capital to VND34.965 trillion (US$1.2 billion). To increase its capital, Military Bank maintained a dividend payout rate of almost 11 per cent, of which 6 per cent was paid in cash and the rest in shares. In the second quarter VPBank decided to issue 925 million shares to pay dividends to its shareholders, increasing its charter capital by VND9.256 trillion ($402.434 million). Analysts said plans to hike the charter capital have been going rather smoothly at both State-owned and private banks in recent times, especially those with good performances like VIB, HDBank, VPBank, Maritime Bank. … [Read more...] about Stock dividends keep shareholders happy, enable banks to increase capital
Despite overcoming the 2017 gloom, Phuong Nam Cultural JSC is currently pressed by debt and dividend payments for its shareholders who have not received dividends for seven years. Phuong Nam is planning to pay 20 per cent in dividends this year Accordingly, Phuong Nam is planning to pay 20 per cent in dividends to shareholders. Thus, seven years after it paid 5 per cent dividend, Phuong Nam’s shareholders can once again enjoy the benefits of their investment. However, despite three times stating that dividens will be paid, it has not reveled the form of payment. Its good business in this year’s first half as well as the VND261 billion ($11.5 million) capital from selling 20 per cent of CJ CGV may be the main reason behind its decision to pay dividends. Specifically, in 2018’s first six months, Phuong Nam recorded VND338 billion ($15 million) in net sales, up 25 per cent on-year, and VND8 billion ($354,000) in after-tax profit, which signifies it has managed … [Read more...] about Phuong Nam pays first dividends in seven years
Net profit of Masan Consumer hit a six-year low at nearly VND2.13 trillion, down 20 per cent year-on-year. — Photo baodauthau.vn Food and beverage company Masan Consumer will pay a high cash dividend rate in June despite a steep decline in business in 2017. The consumer goods arm of Masan Group decided to pay shareholders cash dividends at 45 per cent, which means each share is worth VND4,500 (20 US cents). The payment will be made on June 28 and the company will finalise the list of shareholders for the payout on June 18. In addition, it plans to pay bonus shares to existing shareholders this year at the rate of 15 per cent. The net revenues of Masan Consumer dropped 11 per cent in 2017, totaling VND13.2 trillion (US$579 million). Its net profit hit a six-year low at nearly VND2.13 trillion, down 20 per cent year-on-year. Masan Consumer has set a target for net revenues of VND17 trillion to VND18.5 trillion in 2018, a growth of 29 per cent to 40 per cent against last year. Its … [Read more...] about Masan Consumer to pay high dividends despite struggles
Vietnam’s e-commerce websites are still receiving heavy investment to develop despite big losses, but when will these projects stop losing? The Vietnamese e-commerce market is one of the leading markets in the region for investment. According to Nielsen, the annual growth speed of the e-commerce market is 22% and is expected to hit US$10 billion in annual revenue by 2022 from the current US$4 billion. The Vietnamese e-commerce market shows huge potential for development and receives great attention from new investors. In a recent report by Topica Founder Institute, e-commerce attracted US$83 million of foreign investment through 21 deals. Startup SEA (used to be Garena, which was termed as a unicorn in Asia), ranked first among investors pouring capital into Vietnamese startups in 2017. SEA spent US$64 million acquiring 82% of the shares in Foody, a food delivery website and app. CyberAgent Ventures, a Japanese venture investment fund, continues its activities in Vietnam. In … [Read more...] about When will Vietnam’s e-commerce players stop “burning money”?
Viet Nam News “Everyone, I will sell rose bouquets tomorrow in celebration of International Women’s Day. Those who are looking to give flowers to their girlfriends or classmates, please come to support me in front of Gate A of Hải Phòng University.” So wrote 26-year-old Trần Thị Hoa in one of her last Facebook posts on March 6. Early on the morning of March 7, Hoa and her friend Trần Thị Trang rode on motorbike to the flower market Đằng Hải in Hải An District in the northeastern port city of Hải Phòng. Not born to wealthy families, the pair intended to buy flowers and utilise their craft skills to make elaborate bouquets, aiming to make some money to cover their study and living expenses. On that fateful morning, Cao Huy Hoàng was driving a container truck for an export-import company along his usual route. Stopped at a red light, he saw that two trucks ahead of him were already occupying … [Read more...] about Road accidents: When will the pain end?
Ho Chi Minh City Development Bank (HDBank, HDB on HSX) announced that it would pay 2017 dividends in cash and preferential shares at the ratio of 35 per cent. This is the highest in the Vietnamese banking sector. HDBank recorded strong growth in 2017 with a positive outlook for 2018 and onwards HDBank went through a historic year in 2017, with VND2.4 trillion ($105 million) of pre-tax profit, up 110.6 per cent from the previous year, exceeding the goal set by its annual general shareholders' meeting by 85.9 per cent. Thanks to these positive results, the bank decided to pay dividend to its shareholders at the ratio of 35 per cent, including 15 per cent in cash and 20 per cent in preferential shares. This is a rare case in the banking sector, as most financial institutions in Vietnam often pay dividends in shares only. In a few extreme cases, some banks even fail to pay dividends due to poor results. HDBank, on the contrary, pays dividends regularly. The regular dividend … [Read more...] about HDBank to pay out dividends at 35 per cent ratio
This year, SMC aims to consume 1.1 million tonnes of steel, including about 550 thousand tonnes of construction steel and 550 thousand tonnes of galvanised steel. — Photo satthep.net SMC Trading Investment JSC has announced it will pay 40 per cent of dividends for 2017’s business performance, with 10 per cent in cash and 30 per cent in shares. The information was revealed in the company’s 2017 annual report. SMC advanced 5 per cent cash dividends in August last year. The remaining 5 per cent cash dividend and 30 per cent share dividend are expected to be paid in May 2018 as soon as the shareholder’s meeting approves the plan. According to the report, 2017 was considered a successful year for the steel industry as steel products’ prices rose throughout the year and consumption demand remained positive. SMC reached total steel output of nearly 1.06 million tonnes, fulfilling its plan for the year. Its total net revenue was more than VND12.65 trillion … [Read more...] about SMC to pay 40% dividend