Saigon-Hanoi Bank to raise charter capital to $1.56 bln

Saigon-Hanoi Bank to raise charter capital to $1.56 bln

The Saigon-Hanoi Bank (SHB), one of the top private banks in Vietnam, plans to increase its charter capital from VND30.67 trillion ($1.3 billion) to VND36.65 trillion ($1.56 billion), maintaining its position in the top five Vietnamese private banks in terms of chartered capital.

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vingroup subsidiary plans $364 mln charter capital increase

Vingroup subsidiary plans $364 mln charter capital increase

Vietnam Exhibition Fair Centre JSC, a subsidiary of Vietnam’s largest private conglomerate Vingroup, plans to issue 852.9 million shares this year with ratio of 1:5.12 and price of VND10,000 ($0.43) per share.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Agribank gets green light to raise charter capital by $729 mln

Agribank gets green light to raise charter capital by $729 mln

The National Assembly's Standing Committee has okayed a plan for wholly state-owned Agribank to increase its charter capital by VND17.1 trillion ($729 million).

Banking - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vietnam reserves to increase to $95 bln by year-end: Moody’s

Vietnam reserves to increase to $95 bln by year-end: Moody’s

Vietnam’s foreign-exchange reserves excluding gold are forecast to rebound to $95 billion by the end of this year as the central bank rebuilds its stockpile, Moody’s Investor Service said.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Vincom Retail’s Q1 profit expands threefold

Vincom Retail’s Q1 profit expands threefold

Vietnam's top shopping mall operator Vincom Retail has reported a post-tax profit of VND1.02 trillion ($43.6 million) in this year’s first quarter, up three times from a year earlier and 23% against last year’s fourth quarter.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Saigontel to boost charter capital by $170 mln

Saigontel to boost charter capital by $170 mln

Saigon Telecommunications Technology JSC (Saigontel) plans to increase its charter capital by VND3.5-4 trillion ($170 million) in 2023 by issuing shares and taking out loans to implement industrial and urban real estate projects.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bamboo Airways capital increase plans fail

Bamboo Airways capital increase plans fail

FLC Group subsidiary Bamboo Airways' planned charter capital increase was not allowed Monday due to the disapproval of 56.42% of voting shares.

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Bamboo Airways plans share issuance to lift charter capital to $1.2 bln

Bamboo Airways plans share issuance to lift charter capital to $1.2 bln

Bamboo Airways, a subsidiary of Vietnamese group FLC, plans to issue 996.2 million shares in 2023, mobilizing nearly VND10 trillion ($425.55 million) and raising its charter capital to nearly VND28.46 trillion ($1.2 billion).

Companies - Mon, Dec 22, 2021 | 11:30 am GMT+7

Gasoline price hits new record high

Gasoline price hits new record high

Retail gasoline prices in Vietnam increased by VND500 to nearly VND33,000 ($1.42) per liter Tuesday afternoon, a record high.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

Region-based minimum wage to increase 6% from July

Region-based minimum wage to increase 6% from July

The government on Sunday approved the labor ministry's proposal to raise the country’s region-based minimum wage starting July.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7

VN-Index soars 24 points after two consecutive declines

VN-Index soars 24 points after two consecutive declines

Vietnam’s benchmark VN-Index surged 23.94 points to close at 1,293.56 on Tuesday as foreign investors bought in aggressively.

Finance - Mon, Dec 22, 2021 | 11:30 am GMT+7

8 business associations seek delay in minimum wage increase

8 business associations seek delay in minimum wage increase

Eight business associations in Vietnam have proposed the government delay the 6% increase in the country’s region-based minimum wage until the beginning of 2023 instead of this July.

Economy - Mon, Dec 22, 2021 | 11:30 am GMT+7