New shares debut on Hanoi bourse

The Hanoi Stock Exchange on Sept. 13 welcomed new listings by Nam Viet Bank (NVB), IDJ International Financial Investment and Enterprise Development Co (IDJ) and Asia Pacific Investment Co (API).
The Hanoi Stock Exchange on Sept. 13 welcomed new listings by Nam VietBank (NVB), IDJ International Financial Investment and EnterpriseDevelopment Co (IDJ) and Asia Pacific Investment Co (API).

Nam Viet Bank (NVB), which became the third bank listed on the northernbourse, issued 100 million shares, representing its entire chartercapital of 1 trillion VND (51.3 million USD). NVB closed up 8 percentfrom its opening price to 11,900 VND per share (0.61 USD), with 69,700changing hands.

This year, NVB targets earnings of2.67 trillion VND (136.9 million USD) and a net profit of at least 350billion VND (18 million USD). It has also set a goal of total assetsreaching 27 trillion VND (1.4 billion USD) by year's end and outstandingloans of 17 trillion VND (871.8 million USD).

The bank also plans to increase its charter capital to 3 trillion VND (153.8 million USD).

IDJ, which operates in the fields of infrastructure and real estatedevelopment, was founded in 2007 with domestic individuals contributingabout 90 percent of its charter capital.

This year,it targets earnings of 550 billion VND (28.2 million USD) and a netprofit of 75 billion VND (3.8 million USD). It has also set plans inplace to increase its charter capital to 400 billion VND (20.5 millionUSD)

IDJ shares closed down 12.5 percent on theiropening day to 17,500 VND (0.90 USD) per share, with nearly 1.1 milliontraded.

Real estate developer API, established in2007 with a charter capital of 264 billion VND (8.4 million USD), hasbeen listed on the unlisted public companies market (UPCoM) sinceOctober of last year.

It moved its listing to theprimary exchange, and saw its shares plunge by 10 percent from theiropening price to a close of 15,500 VND (0.79 USD) per share. API sharesgenerated a volume of 273,500 on their opening day.

API has targeted earnings of 200 billion VND (10.3 million USD) this year and a profit of 50 billion VND (2.6 million USD)./.

See more

The private sector is expected to make breakthroughs for national development. (Photo: VNA)

Party official anticipates breakthroughs in private economy

With the Politburo set to issue a dedicated resolution on the private economy, there should be a reformed approach to action plans, according to Secretary of the Party Central Committee and head of Head of its Commission for Policies and Strategies Tran Luu Quang.

NCSoft and VNGGames sign a cooperation agreement to develop products in Southeast Asia. (Photo: VNG)

More RoK’s game developers target Vietnam

Over half of Vietnam's nearly 100 million population being gamers and the country's competitive labour costs are among reasons for Korean gaming firms' expanding presence in Vietnam.

Representatives from the Vietnamese Embassy in the UK, LHR leaders, airline partners, and passengers at the anniversary event (Photo: VNA)

Vietnam Airlines marks 10 years of UK route operations

Vietnam Airlines launched its direct UK route in 2011, initially operating from London Gatwick Airport (LGW) before transitioning to Heathrow in 2015, improving connectivity to one of the UK’s major international hubs./.

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona. (Photo: VNA)

Cuban commerce official optimistic about bright future of Vietnam-Cuba cooperative ties

President of the Cuban Chamber of Commerce (CCC) Antonio Luis Carricarte Corona hailed Vietnam as Cuba’s second-largest trading partner in Asia and its top investor, spotlighting its foothold in the Mariel Special Development Zone via Viglacera. This zone, he noted, is set to become a pivotal hub for Vietnamese investment in the years ahead.

Imported cars seen at the northern port city of Hai Phong. (Photo: VNA)

Ministry proposes tax cuts for some imported cars

This initiative aims to diversify the supply of imported vehicles, foster competition in the domestic market, and align Vietnam’s tax policies with the evolving trends of the automotive industry.

Minister of Industry and Trade Nguyen Hong Dien and Deputy Prime Minister of the Republic of Belarus Anatoly Sivak sign the meeting minutes. (Photo: VNA)

Vietnam, Belarus unveil key solutions to boost trade

Vietnam and Belarus are set to deepen bilateral cooperation in all fields, particularly in economy-trade and science-technology, through their Intergovernmental Committee mechanism, affirmed Minister of Industry and Trade Nguyen Hong Dien.