A company would suffer a maximum fine of 500 million VND for using false information in its profile or covering false information when it files for listing shares on overseas markets. The minimum penalty for the violation is 400 million VND. … [Read more...] about Maximum $130,700 fine for listing violations: Draft decree
Share market flipkart
Gold soars to above VND59 million per tael
Saigon Jewelry Company bought gold at VND57.85 million per tael and sold at VND59.1 million per tael, an increase of VND1.02 million per tael in buying rate and VND1.1 million per tael in selling rate compared to the previous day at 4 p.m. in Ho Chi Minh City. At the same time in Hanoi, Bao Tin Minh Chau Jewelry Company listed the price at VND57.95 million per tael for buying and VND58.75 million per tael for selling, up VND1.13 million per tael in buying rate and VND1.1 million per tael in selling rate. In the global gold market, the precious metal was traded at US$2,014 an ounce at 9 a.m. Vietnamese time, an increase of nearly $40 an ounce compared to the previous trading session. At night on August 4, the heavy metal sometimes exceeded an all-time high to $2,031 an ounce. Currently, after conversion, the global gold price was equal to VND56.5 million per tael, lower than the domestic gold price by VND2.5 million per tael. VN-Index gains nearly 11 points Vietnam’s stock … [Read more...] about Gold soars to above VND59 million per tael
Banpu Energy Group acquires Mui Dinh Wind Farm
The Mui Dinh Wind Frarm, Ninh Thuan Province, total capacity of 37.6 MW The acquisition marks another key milestone for the company’s long-term investment in Vietnam, which is one of the world’s fastest growing hub of wind and solar projects, in line with Banpu’s Greener & Smarter strategy to expand its renewable portfolio. The purchase consideration payable is approximately US$66 million (equivalent to approximately THB2.06 billion) subject to certain adjustments outlined in the Sales and Purchase Agreement (SPA). … [Read more...] about Banpu Energy Group acquires Mui Dinh Wind Farm
Covid-19 pandemic boots Vietnamese football where it hurts
Although HCMC FC is not in the same boat as Nam Dinh, the Covid-19 pandemic has struck them hard too. They are the most active club on the transfer market of V. League 2020 with big signings like striker Nguyen Cong Phuong, Brazilian midfielder Alex Monteiro de Lima and Senegalese defender Papé Diakité. Just before the resurgence of community transmission of the novel coronavirus, they had signed two more players from Costa Rica to strengthen their squad. … [Read more...] about Covid-19 pandemic boots Vietnamese football where it hurts
CIFI’s contracted sales grew by 51% year on year to RMB 21.99 billion in July 2020
On August 2, CIFI Ever Sunshine is pleased to announce that due to the increase in the construction area of properties under management and the income from community value-added services, and the inclusion of the financial performance of Qingdao Yayuan Property Management Co. Ltd., it recorded year-on-year growth of more than 80% in its unaudited consolidated net profit and year-on-year growth of more than 60% in unaudited profit attributable to its owners for the six months ended June 30, 2020, as compared to same period in 2019. … [Read more...] about CIFI’s contracted sales grew by 51% year on year to RMB 21.99 billion in July 2020
