Business

Vietnam-Italy Steel JSC to up foreign ownership

The Vietnam-Italy Steel JSC (VIS) plans to lift the cap of foreign ownership in the company from the current limit of 49 percent.
Vietnam-Italy Steel JSC to up foreign ownership ảnh 1The Vietnam-Italy Steel JSC (VIS) plans to lift the cap of foreign ownership in the company from the current limit of 49 percent. (Source: cafef.vn)

Hanoi (VNA) - The Vietnam-Italy Steel JSC (VIS) plans to lift the cap offoreign ownership in the company from the current limit of 49 percent.

The plan aims toattract more capital, improve the liquidity for the firm shares on the stockmarket and serve further business development.

The company’smanagement board will propose shareholders at the coming annual shareholders’meeting approve the company’s request to withdraw from some of the businesssectors involved in national security and safety such as transportation. 

In 2017, VIS earned6.1 trillion VND (271 million USD) in net revenue, a yearly increase of 64 percent and equal to 98 percent of its full-year targeted figure.

The companyrecorded 55.3 billion VND in pre-tax profit, a decrease of 26 percent year onyear and equal to 36 percent of the target for 2017.

VIS also plans topay 36.9 billion VND in dividend for shareholders, equal to a 5 percentdividend payout ratio.

The company targetsits revenue will increase by 16 per cent annually to 7.09 trillion VND thisyear and its pre-tax profit will rise 64 percent to 90.4 billion.-VNA
VNA
# Vietnam-Italy Steel JSC #foreign ownership #business development #pre-tax profit #shareholder #revenue #Vietnam News #Vietnamplus #Vietnam News Agency Italy Vietnam
Follow VietnamPlus

Related News

Large-cap stocks depress market

Large-cap stocks depress market

Vietnamese shares finished lower on the two local exchanges on June 6 as large-cap companies retreated from their recent gains.
Vietnam, Italy forge economic cooperation

Vietnam, Italy forge economic cooperation

The fourth meeting of the Vietnam-Italy joint committee on economic cooperation between the Vietnamese Ministry of Industry and Trade and the Italian Ministry of Economic Development was held in Hanoi on November 28.

See more

At Xa Mat international border gate (Photo: VNA)

📝OP-ED: Decree 46 - Not proof of distorted “systemic failure”

Temporary suspensions, adjustments, or revisions of newly enacted policies are never ideal and should be minimised. Yet such course corrections occur worldwide, irrespective of a country's development stage or market-economy maturity. What counts is rapid remediation to contain losses, extraction of lessons to prevent recurrence, and firm resistance to the dissemination of misleading or hostile allegations, which will help both enforcers and those subject to compliance maintain clarity and composure.

Delegates at the signing ceremony of the MoU between the Brazil–Vietnam Chamber of Commerce (BVC) and the Espirito Santo Chapter of the Brazil–Vietnam Chamber of Commerce and Industry (CCBV-ES). (Photo courtesy of the Vietnamese Embassy in Brazil)

Vietnam, Brazil step up trade promotion cooperation

The Brazil–Vietnam Chamber of Commerce (BVC) and the Espirito Santo Chapter of the Brazil–Vietnam Chamber of Commerce and Industry (CCBV-ES) recently inked the MoU to enhance cooperation and expand business opportunities for enterprises from the two countries, with support from the Vietnamese Embassy in Brazil.

Chua Ve container port in Hai Phong (Photo: nhandan.vn)

Vietnam accelerates green transition for seaports

In recent years, while expanding infrastructure and boosting operational efficiency, the country has steadily rolled out a national green port initiative to align with international standards and encourage sustainable growth in the maritime industry.

More than 4.1 million air passengers are forecast during the peak travel period of the Lunar New Year 2026. (Photo: VNA)

19 additional aircraft to be deployed to serve Lunar New Year peak period

During the pre-Tet peak, several routes from Ho Chi Minh City to destinations such as Hue, Thanh Hoa, Vinh, Pleiku, Tuy Hoa, Quy Nhon, Chu Lai and Dong Hoi have recorded booking rates above 90%, with some reaching 100%. In contrast, return flights from localities to Ho Chi Minh City remain low, with many flights reporting booking rates below 35% and several operating as ferry flights to return aircraft.

Shoppers at the first Glorious Spring Fair (Photo: VNA)

Spring Fair 2026: Opportunities for businesses to expand connections

Many businesses are doing more than presenting product functions; they are also telling the story of their raw-material regions, production processes, and social and environmental responsibility. This reflects a clear transition: companies are no longer competing solely on price, but increasingly on perceived value and consumer trust.

Vietnam Airlines will deploy wide-body Airbus A350 aircraft on its new nonstop Vietnam–Netherlands service starting June 16. (Photo: VNA)

Vietnam Airlines to launch first nonstop Hanoi–Amsterdam route

Nguyen Quang Trung, Deputy General Director of Vietnam Airlines, said that the nonstop Hanoi–Amsterdam route marks an important milestone in the carrier’s European network expansion strategy. Its presence at one of the world’s leading aviation hubs will not only broaden the airline’s business opportunities but also help strengthen economic, trade and investment connection, as well as people-to-people exchanges between Vietnam and the Netherlands, and Europe in general.

Central Highlands region's products on display at the first Glorious Spring Fair 2026 (Photo: VNA)

Spring Fair 2026: Traditional flavours find new pathways to market

Products rich in traditional flavours - from confectionery and processed agricultural goods to highland tea - are presented in refreshed designs that preserve cultural identity while meeting rising market standards, opening up prospects for expanded consumption and gradual entry into export markets.