A view of Hai Phong Port. The port will begin trading on the Ha Noi Stock Exchange on August 12 under the code PHP. (Source: VNA)
Hai Phong Port Joint Stock Company lists on the Hanoi Stock Exchange with the code PHP on August 12.
About 326.96 million shares will be listed with a reference price of 16,500 VND (76 US cents) each.
In the first six months of this year, the port carried 11.39 million tonnes of goods, an increase of 17.5 percent compared with the same period last year.
It earned nearly 837 billion VND (38.6 million USD) in revenue during that period, with pre-tax profits of nearly 191 billion VND (8.81 million USD), a year-on-year increase of 11 percent.
As planned, the port will receive about 23.5 million tonnes of goods this year, 19 percent higher than last year. It is expected to earn 1.72 trillion VND (79.37 million USD) in revenue and a profit of 380 billion VND (17.53 million USD).
The State had owned nearly 95 percent of the port's capital, held by the Vietnam National Shipping Lines (Vinalines).
In November 2014, the group's restructuring plan, approved by the Prime Minister, called for Vinalines to hold 65 – 75 percent of Hai Phong port's charter capital.-VNA
The total volume of goods passing through ports in the northern city of Hai Phong reached 15.48 million tonnes in the first three months of 2015, up 14.25 percent from the same period last year and representing 23.82 percent of the yearly target.
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Vietnamese Ambassador to Cambodia Nguyen Minh Vu led a delegation to Mondulkiri, Ratanakiri, and Kratie provinces from August 5-8, aiming to deepen economic ties and support Vietnamese businesses operating in Cambodia’s northeastern region.
Party General Secretary To Lam’s upcoming state visit to the Republic of Korea (RoK) is expected to mark a new milestone in the bilateral relationship, creating fresh momentum for trade and investment cooperation between the two countries.
In the context of the growing global digital economy, digital transformation and the promotion of e-commerce are key drivers helping Vietnam boost integration, enhance competitiveness, and expand export markets, according to the Vietnam E-commerce and Digital Economy Agency
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Under the agreements, VinEnergo will invest in, install, and operate 43 MWp of rooftop solar power capacity and 45 MWh of BESS capacity across the three plants.
Under a draft to amend and supplement the Government's Decree 125/2020/ND-CP on administrative sanctions for violations of tax and invoice regulations, the Ministry of Finance has proposed classifying the failure to issue invoices into five different levels. Infraction levels will correspond to fines of 1 million VND to 80 million VND, depending on the nature and number of invoicing violations.
A new airline developed and invested by Sun Group — has officially announced a strategic partnership with Amadeus IT Group (Amadeus), one of the world’s leading travel technology companies. This agreement not only lays the foundation for a modern digital infrastructure but also marks a pivotal step in SPA’s global expansion strategy, enabling the airline to access international distribution networks and reach customers worldwide.
Of the total, 107,700 were new firms, with combined registered capital of 928.4 trillion VND (35.4 billion USD), up 10.6% in number and 5.5% in capital compared with the same period last year.
Experts agree that a combination of technology, enforcement, education and cross-border cooperation is essential to protect copyrighted content in Vietnam’s growing digital ecosystem.
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Cashless payments are growing at an impressive rate, averaging 30–40% annually. Vietnam’s per capita cashless transaction volume now trails only China, with total value of 295.2 quadrillion VND (11.26 trillion USD), or 26 times of its GDP.
A draft resolution on piloting a digital asset and cryptocurrency market is being developed, aiming to create a broad-enough regulatory sandbox that enables investor participation and provides practical grounds for policy refinement in areas such as risk management and anti-money laundering.