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VIETNAM BUSINESS NEWS JUNE 3

VIETNAM BUSINESS NEWS JUNE 3
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03/06/2021

12:20
GMT+7
Stock market hits historic peaks
Vietnam’s benchmark VN-Index rose 3 points on June 3 to reach a record-high of 1,340.78 points.
Liquidity on the Ho Chi Minh Stock Exchange (HOSE) also posted a new record of nearly 26.14 trillion VND (1.13 billion USD).
The southern bourse saw 222 codes rising, 187 codes declining, and 49 remaining unchanged.
The HNX-Index on the Hanoi Stock Exchange, meanwhile, rose 3.58 points to 322.05 points, also a new high.
Liquidity stood at more than 4.41 trillion VND. It had 112 codes increasing, 79 declining, and 80 staying flat. ....

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90 percent of public investment plan to be disbursed by Q4 | Business

A view of Hanoi Belt Road No.3 (Photo: VNA)
Hanoi (VNA) - Minister of Planning and
Investment Nguyen Chi Dung has asked ministries, central agencies, and
localities to continue applying measures to speed up the disbursement of public
investment capital, with the aim of completing 90 percent of disbursement
planned for 2021 by the fourth quarter of the year.
Dung requested that ministries, agencies, and localities
build disbursement plans for each month and each quarter.
In the first quarter, the retrieval of capital paid in
advance from the State budget investment plan for 2021 is expected to be
completed, while in the second quarter the disbursement of capital for projects ....

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PV Power to divest subsidiaries and streamline operations

PV Power to divest subsidiaries and streamline operations
13:43 | 03/02/2021
PetroVietnam Power Corporation (PV Power)
PetroVietnam Power Corporation JSC (PV Power, HSX: POW) has just announced its plans for the period of 2021-2025 with several large sell-offs of its interest in subsidiaries.
Specifically, PVPower would reduce its majority ownership in four subsidiaries, including Hua Na Hydropower JSC (UPCoM: HNA), PetroVietnam Power Nhon Trach 2 JSC (HSX: NT2), PetroVietnam Power Technical Services Center (PV Power Services), and PetroVietnam Power Renewable Energy JSC (PV Power REC).
Besides, a number of new subsidiaries might be established to serve future activities.
PV Power will also take a different approach on Luang Prabang Co., Ltd., an associate, following the directions of the government and relevant authorities. ....

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