A group of 30 pharmaceutical production companies from India plans to build the first Pharma Park in Viet Nam, and Da Nang city’s Hi-tech Park has been suggested as a prime location.
PetroVietnam Gas JSC (PVGas, GAS) reported profit after tax of more than VND2.3 trillion (US$100.1 million) in the second quarter of 2021, resulting in a rise of 4.3 per cent in profit after tax in the first six months of this year.
VietNam Economic News
In order to exploit the potential and advantages of offshore wind power in Vietnam, in April 2021, the Investment Consortium of Zarubezhneft JSC (Russia) and DEME Concessions Wind NV (Belgium) and their subsidiaries Vietsovpetro Company and DEME Offshore Company have signed a joint Memorandum of Understanding for the cooperation and development of the offshore wind power project in Binh Thuan Province.
At the General Meeting of shareholders held on Wednesday morning, Vietnam Airlines JSC (HVN) approved a plan of raising VND8 trillion (US$346.2 million) through share issuance.
Petro Viet Nam Ca Mau Fertiliser JSC (PVCFC, DCM)'s profit before tax is estimated at VND411 billion (US$17.9 million) on higher prices and cost-cutting plans.
Petrovietnam General Services JSC Corporation (Petrosetco, PET) just announced a plan to issue stocks for employees (employee stock ownership plan, ESOP) in 2021.
The Board of Directors of Licogi 13 JSC (LIG) plans to transfer 100 per cent of their stake in Quang Tri Solar Power Company Limited to VN Green Holdings Pte Ltd, a company specialising renewable energy under Dragon Capital group.
Digital World JSC (DGW) expects second quarter revenue to reach VND4.16 trillion (US$181.2 million) and with a profit of VND101 billion, up 61 per cent and 110 per cent respectively over the same period last year.
Novaland Investment Group JSC (NVL) has issued to foreign investors $300 million in international convertible bonds, without warrants and collateral, to be listed on Singapore Stock Exchange (SGX).