Vietnamplus

Foreign investors in January bought a total net value of 46 billion VND (nearly 2 million USD) worth of shares on the Unlisted Public Company Market (UPCoM).

The Binh Son Refining and Petrochemical Company (BSR), a subsidiary of the Vietnam Oil and Gas Group (PetroVietnam – PVN), grossed over 112 trillion VND (4.83 billion USD) in revenue in 2018 thanks to the production and sale of over 7 million tonnes of its products.

The Binh Son Refining and Petrochemical Company (BSR) estimated a profit of 2.947 trillion VND (129.66 million USD) in the first half of 2018, meeting 84.7 percent of its target for the whole year.

The Binh Son Refining and Petrochemical Company (BSR) reported pre-tax profits of 1.3 trillion VND (57.1 million USD) in the first quarter of 2018, up 46 percent compared to the quarterly target.

Binh Son Refining and Petrochemical Company (BSR) will trade shares on the Unlisted Public Company Market (UPCoM) with code BSR on March 1.

Binh Son Refining and Petrochemical Company (BSR) will trade shares on the Unlisted Public Company Market (UPCoM) with code BSR on March 1.

The closed-end VinaCapital Vietnam Opportunity Fund (VOF) has spent 45 million USD to purchase shares of Binh Son Refining and Petrochemical Company (BSR) and PetroVietnam Power Corporation (PV Power) at their initial public offerings (IPO).

The Vietnamese market will see more state-owned enterprises (SOEs) equitised in 2018, following the State’s divestment from Sabeco and Vinamilk.

Binh Son Refining and Petrochemical Company Limited (BSR) plans to float 242 million shares, equivalent to 7.79 percent of its chartered capital, in an IPO scheduled for January 17.

Three big companies of the Vietnam National Oil and Gas Group (PetroVietnam) will make their initial public offerings (IPOs) in the next three months, under equitisation plans approved by Deputy Prime Minister Vuong Dinh Hue late last week.

The stock market will feature a series of initial public offerings (IPOs) by State-owned enterprises (SoEs), including mega corporations, this year-end.

From December this year E5 bio-fuel made by adding ethanol will be produced and sold nationwide, according to the Prime Minister's Decision 53/2012/QD – TTg on the road map for using E5 petrol.