Mong Duong’s note ratings unaffected by ownership change in near term: Fitch

Mong Duong’s note ratings unaffected by ownership change in near term: Fitch

AES Corporation's agreement to sell its 51% stake in AES Mong Duong Power Company Limited and Mong Duong Finance Holdings B.V. to Sev.en Global Investments Pty Ltd will not materially alter Fitch Ratings’ credit view of the senior secured notes issued by Mong Duong Finance in the near term.

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

Posco’s Vietnam subsidiary records $9 mln operating profit in H1

Posco’s Vietnam subsidiary records $9 mln operating profit in H1

Posco Yamato Vina Steel JSC, a subsidiary of South Korea’s major steelmaker Posco, recorded operating profits of $5 million in the first quarter and $4 million in Q2 of this year.

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

Steelmaker Posco Vietnam posts $30 mln loss in 2022  

Steelmaker Posco Vietnam posts $30 mln loss in 2022  

Posco Vietnam Co., Ltd., a wholly-owned subsidiary of South Korean steelmaker Posco Holdings, recorded a net loss of KRW39.73 billion ($30.44 million) in 2022 against a net profit of KRW42.19 billion ($32.44 million) in 2021.

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

South Korea's SKC signs deal with Hai Phong city for green, advanced materials investment

South Korea's SKC signs deal with Hai Phong city for green, advanced materials investment

SKC Co., a South Korean manufacturer of advanced materials, signed a preliminary agreement on Monday with Vietnam's Hai Phong city to explore potential investment in advanced materials for secondary batteries, semiconductors, and other green sectors.

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