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In its third-quarter result, Vietnam Airlines posted a decline of more than 70 per cent to 7.6 trillion dong in consolidated revenue. It reported a loss of nearly four trillion dong in profit after tax. VIETNAM NEWS AGENCY/VIET NAM NEWS
Vietnam Airlines to raise up to $347M
Tue, 19 January 2021
Vietnam s State Capital Investment Corp (SCIC) plans to invest eight trillion dong ($347 million) in Vietnam Airlines JSC (HVN). The amount is equal to 25 per cent of HVN’s charter capital.
SCIC director-general Nguyen Chi Thanh told a press conference on January 14: “Vietnam Airlines will issue eight trillion dong in shares to existing shareholders to raise its charter capital. And SCIC, representing the government, will buy the shares.”
Illustrative image (Source: VNA)
Hanoi (VNA) -
Forest product exports are
expected to reel in 14.5 billion USD this year, up 12 percent against 2020, an
official has said.
Deputy Minister of Agriculture and Rural Development
Ha Cong Tuan unveiled the target in an interview with the Lao Dong (Labour)
newspaper on the growth of the forestry sector over the next five years.
Export value is set to reach 20 billion USD in 2025. During
the five-year period, he said, the sector will work to sustain the forest
coverage rate at 42 percent, expand distribution markets, develop long-term
trade partnerships, and promptly address trade issues for mutual benefits in
Insurance groups signal intent to raise funds for stock boost 15:38 | 07/01/2021
Insurance groups signal intent to raise funds for stock boost, illustration photo
The last few days of 2020 witnessed an impressive public debut of PVI Re-insurance (PVI Re), one of the most notable of such companies in the country. Some 72.8 million of PVI Reâs shares were officially publicly traded on the Ho Chi Minh City Stock Exchange (HSX) from December 24, luring attention from local and international financiers alike.
Currently, there are only two Vietnam-based reinsurers in the market. Vietnam National Reinsurer Corporation (VNR) is the market leader with 10 per cent, followed by PVI Re with 7 per cent. The remainder is acquired by other foreign reinsurers.
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