Vinatex

Update news Vinatex

Providing airport services is lucrative business

VietNamNet Bridge - The increasingly high number of airline passengers has allowed airport service providers to make stable profits.

What is the scenario for the VN Index in 2016?

VietNamNet Bridge - Despite a lot of unknowns and current bad performance, analysts still believe a 7-12 percent increase of the VN Index can be reached in 2016.

Misfortunes still sting textile & garment sector in 2016

VietNamNet Bridge - Many small textile and garment companies plan to merge with others, while big companies will have to try every possible means, including lowering selling prices, to retain clients. 

Garment, textile firms face tough, bigger rivals

 VietNamNet Bridge – Several domestic garment and textile companies would face more challenges from large rivals following integration, said Tran Quang Nghi, chairman of the National Garment and Textile Group (Vinatex).

BUSINESS IN BRIEF 28/2

Banks pay strong salaries in good year; VEFAC to sell 16 million shares in IPO; 85 percent of businesses back to work after Tet; VN properties purchased by hotel firm Centara; Banks pocket profits from personal loans

Local textile firms short of funding

 VietNamNet Bridge – Lack of capital was the biggest problem for domestic textile companies trying to expand production, said Le Tien Truong, general director of Viet Nam National Textile and Garment Group (Vinatex).

BUSINESS IN BRIEF 4/2

Saigon Securities divests from confectionery; Vinatex and Itochu embark on ambitious project; Vietnamese manufacturing on the rise; Vietnam to mobilise development capital equal to 30% GDP; Mekong Delta exports 516,000 tonnes of rice in January

BUSINESS IN BRIEF 26/1

Vietnam to export more fruits; First Lexus dealership in Hanoi makes debut; Vinatex prepares material sources for subsidiaries; Remittances to HCM City top US$5 billion; Vietnam needs US$30 billion for green growth

BUSINESS IN BRIEF 21/1

Game developers establish federation; Globaltrans Air seeks to operate aviation services; January CPI seen edging down; HCM City exports topped $30b last year; Steel giant reports 27% revenue growth;

Vinatex to invest $71 mln in Quang Nam complex

  The Viet Nam Textile Group (Vinatex) will build a fiber-weaving-dying and garment complex in Que Son District in the central province this year, costing VND1.5 trillion (US$71 million).

BUSINESS IN BRIEF 13/1

PM okays industrial cluster plan; Five-star hotels shine in Hanoi; New record for auto sales in 2014; Hanoi cuts procedural time for enterprise establishment; Excess capacity clouds the outlook for steel sector in 2015

Steel sector wants longer protectionism

 VietNamNet Bridge – Steel mills in Vietnam, expecting protection until they are able to compete with imports, have called for agencies to pay due attention to this matter

Itochu purchases Vinatex shares

 Trading firm Itochu will invest in the Viet Nam National Textile and Garment Group (Vinatex), ahead of a potential free-trade agreement that could boost Vietnamese exports, according to Nikkei Asian Review.

Vinatex launched initial public offering (IPO)

 The Vietnam National Textile and Garment Group (Vinatex) launched an initial public offering (IPO) on September 22, announced the Ho Chi Minh Stock Exchange.

BUSINESS IN BRIEF 20/9

5th Asian Development Forum scheduled for Hanoi; Philippines to purchase 200,000 tonnes of Vietnamese rice; ExxonMobil expands operation in Vietnam; Pharma buy opens path into Myanmar; Industrial, trade sector unveils whopping $102b growth target

M&A forum to advance ‘second wave’

VietNamNet Bridge – The hastened pace of equitisation of state-owned enterprises has led many experts to opine that there is a second wave of mergers and acquisitions ready to hit Vietnam.

Large corporations warned about IPO risks

 VietNamNet Bridge – Though the VN Index is on the rise, market liquidity remains weak, with large corporations reluctant to launch initial public offerings (IPOs) to help them raise funds.

Vinalines set to launch IPOs for five large port operators

 VietNamNet Bridge – Viet Nam National Shipping Lines (Vinalines) has announced plans for initial public offerings (IPOs) for five more large port operators by the end of the year. Hai Phong Port has already been equitised.

BUSINESS IN BRIEF 14/7

 Ministry wants to limit pepper area at 50,000 hectares by 2020; Multibillion-dollar property project in southern VN urged to speed up; VND30-trillion home credit package to benefit more people; Luxury hotels report strong profit rise

Vinatex prepares for IPO as other SOEs fail to sell shares

 VietNamNet Bridge – The Viet Nam National Textile and Garment Group (Vinatex) remains under pressure to launch a successful initial public offering.