Penny stock on the move

Farmers of Hoang Anh Gia Lai Agricultural JSC (HNG). On the stock market, HNG shares have been falling from the peak of VND19,000 per share recorded in mid-July. It closed Monday at VND14,550 per share. — Photo haagrico.com.vn Truong Hai Auto Corporation (Thaco) has registered to buy five million shares of Hoang Anh Gia Lai Agricultural JSC (HNG). HNG is the business arm of farming group Hoang Anh Gia Lai Joint Stock Company (HAG). Thaco expects to spend VND73 billion (US$3.2 million) for the acquisition. The transactions will be conducted via agreement or order matching method, from December 4 this year to January 2 next year. After the purchase, Thaco will hold 296.4 million HNG shares, 26.7 per cent of the firm. Thaco currently holds 291.4 million HNG shares. Thaco and HAG signed a co-operation contract in August 2018. Thaco Chairman Tran Ba Duong pledged to pour capital into HNG, help implement the HAG Myanmar project and arrange HNG’s loan structure. In the first nine … [Read more...] about Thaco to buy five million shares of Hoang Anh Gia Lai Agricultural

VPBank launches on Friday an innovative digital bank for the young generation named “YOLO”. — VNS Photo Viet Nam Prosperity Joint Stock Commercial Bank (VPBank) has launched an innovative digital bank for the young generation named “YOLO”. The app provides customers with a full range of financial services, and integrates other services to cater to other needs such as transportation, travel, entertainment, and restaurant reservations. YOLO MasterCard, a virtual card, enables global payment. To register, customers only need to provide their names, phone numbers, and emails. One of the highlights of the app is the YOLO super saving product which allows customers to manage their expenses and optimise idle money. In addition to its intelligent technology platform and seamless connection with partners providing goods and services, YOLO also lets customers pay for all kinds of services and bills like electricity, water, phone, airplane tickets, cable TV, and … [Read more...] about VPBank launches YOLO digital banking app

Ten-year bonds posted annual interest rates of 4.5-5.6 per cent, and 15-year bonds, 4.81-6 per cent per annum. — Photo vneconomy.vn The Hanoi Stock Exchange held 38 auctions in August, mobilising a total of more than VND17.3 trillion (US$744.3 billion) worth of Government bonds, up 9.9 per cent from the previous month. Of the amount, VND16.06 trillion was raised by the State Treasury, while the remainder was mobilised by the Bank for Social Policies. The interest rates of successfully-bid 3-year bonds ranged from 4-5 per cent per year, while those for 5-year bonds were from 3.5-5.1 per cent per year and 7-year bonds at 3.9 per cent a year. Ten-year bonds posted annual interest rates of 4.5-5.6 per cent, and 15-year bonds, 4.81-6 per cent per annum. The interest rates increased for bonds of all terms compared to those sold in July, excluding the 7-year term, which remained unchanged. On the secondary G-bond market, the total volume of G-bonds sold by the outright method exceeded … [Read more...] about Over $744 billion mobilised from selling G-bonds in August

Representatives of LienVietPostBank and the People’s Committee of Bac Ninh Province sign the cooperation agreement. — Photo ndh.vn Lien Viet Post Commercial Joint Stock Bank (LienVietPostBank) and the  have signed a cooperation agreement in building e-government and smart cities in the province. Under the agreement, LienVietPostBank pledged to support Bac Ninh province in speeding up the development of e-government and smart cities in accordance with the target of becoming a State-administered city by 2022. The bank will provide electronic payment services, business services on the basis of digital data, digital banking, telecom infrastructure development and information technology, as well as IT applications for e-government and smart cities in the area. Under the legal framework, the provincial People’s Committee pledges to create favourable conditions for LienVietPostBank to participate in programmes and projects of the province to meet the needs of building … [Read more...] about LienVietPostBank to support Bac Ninh in building e-government

  Farmers of Hoàng Anh Gia Lai Agricultural JSC (HNG). On the stock market, HNG shares have been falling from the peak of VNĐ19,000 per share recorded in mid-July. It closed Monday at VNĐ14,550 per share. Photo haagrico.com.vn HÀ NỘI — Trường Hải Auto Corporation (Thaco) has registered to buy five million shares of Hoàng Anh Gia Lai Agricultural JSC (HNG). HNG is the business arm of farming group Hoàng Anh Gia Lai Joint Stock Company (HAG). Thaco expects to spend VNĐ73 billion (US$3.2 million) for the acquisition. The transactions will be conducted via agreement or order matching method, from December 4 this year to January 2 next year. After the purchase, Thaco will hold 296.4 million HNG shares, 26.7 per cent of the firm. Thaco currently holds 291.4 million HNG shares. Thaco and HAG signed a co-operation contract in August 2018. Thaco Chairman Trần Bá Dương … [Read more...] about Thaco to buy five million shares of Hoàng Anh Gia Lai Agricultural