Power firm EVNGENCO 2 to auction over 580 mln shares on Feb. 8

Power Generation Corp. 2, a unit of Vietnam Electricity Group, gets approval to auction over 580 million share on February 8, according to the Ho Chi Minh City Stock Exchange.

Published

3 years ago

January 6, 2021

TienphongNews

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Initial share price will be at VND24,520 ($1.05) apiece. Information for the initial share sale will be provided from January 7.

According to the IPO plan, part of the company’s State capital owned by EVN will be reduced to 51 percent from the current 100 percent.

The Vietnam Electricity’s subsidiary has corporate value at VND46.1 trillion ($2 billion) as of January 1, 2019, of which the real value of State capital is more than VND26.6 trillion.

EVNGENCO 2’s is among the six State corporations due for equitisation.

The company was established in 2012 with a charter capital of VND11.7 billion. Vietnam Electricity holds 100 percent of its charter capital.

► Vietnam’s power firm EVNGENCO 2 gets Gov’t approval to sell shares to public

Source: https://e.nhipcaudautu.vn/market/power-firm-evngenco-2-to-auction-over-580-mln-shares-on-feb-8-3338943/

Related Topics:EVNGENCO 2 investment IPO power State stake sale Vietnam

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Vietnam heads towards modern, integrated agriculture

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Fintech forecast to be robust this year, driven by the creation of regulatory sandbox

Vietnam, China push up cross-border trade

Published

11 mins ago

December 6, 2023

TienphongNews

Permanent Vice Chairman of the Lang Son provincial People’s Committee Duong Xuan Huyen held a working session with a visiting delegation from the People’s Government of China’s Guangxi Zhuang Autonomous Region on November 30 to discuss measures to facilitate exchanges and cross-border trade.

Vietnam, China push up cross-border trade hinh anh 1

Leader of Lang Son province presents a souvenir to Vice Governor of the People’s Government of China’s Guangxi Zhuang Autonomous Region Liao Pinhu (Photo: VNA)

Lang Son – Permanent
Vice Chairman of the Lang Son provincial People’s Committee Duong Xuan Huyen held
a working session with a visiting delegation from the People’s Government of China’s Guangxi Zhuang Autonomous
Region on November 30 to discuss measures to facilitate exchanges and cross-border trade.

Huyen said Lang Son is the largest
transshipment area for Vietnam-China import and export goods by road, playing a
crucial role in facilitating the export and import of Vietnamese agricultural
products to and from China. It serves as a vital route in promoting economic
and trade exchanges between Vietnam, China, and ASEAN, and vice versa.

With the goal
of further raising the customs clearance capacity at local border gates, the provincial
authorities directed departments and agencies to develop a pilot project on the construction of smart border gates at the specialised route for
transporting goods at Huu Nghi – Youyi Guan border gate. The project has now
been basically completed and submitted to the Prime Minister for approval, he
said.

He proposed that authorities of Guangxi continue working with Lang
Son to promptly resume customs clearance activities at several pairs of border
gates between the two sides. Additionally, they should facilitate the customs
clearance through these border gates and hold a ceremony to operate the route dedicated to goods transport through Tan Thanh (Vietnam) – Po Chai
(China).

The host suggested the early resumption of customs clearance for
goods through the Binh
Nghi-Ping Erguan border gate pair, and the upgrade of it to a bilateral border gate and promotion of tourism
activities there.

Liao Pinhu, Vice Governor of the People’s Government of Guangxi Zhuang Autonomous Region,
wished that Lang
Son would promptly build smart border gates under the framework agreement already signed between the two sides.

He also urged the Vietnamese Government to implement the
construction and upgrade of the Hanoi – Dong Dang railway route and continue with
measures to facilitate customs clearance at border gates of both sides./.

Source: https://en.vietnamplus.vn/vietnam-china-push-up-crossborder-trade/272122.vnp

Business

Vietnam receives over 11.2 million visitors in 11 months

Over 11.2 million foreigners have visited Vietnam in the last 11 months, which is a 280.2% rise from the same time last year.

Published

2 hours ago

December 6, 2023

TienphongNews

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Vietnam had more than 1.23 million foreign tourists in November alone, which is 11% more than the previous month and 106.6 % of the same time last year.

With 3.2 million guests, or 28.5%, South Korea was the biggest source market for tourists. China came in second with 1.5 million, then Chinese Taipei with 758,000, the U.S. with 658,000, and Japan with 527,000.

Noticeably, up to 1.25 million foreigners have come to Vietnam since the new visa rules went into effect on August 15. This is 1.6 times more than the same time last year.

People from 13 countries can now stay without a visa for up to 45 days under the new policy. People from the other 12 countries can stay without a visa for 14 to 90 days.

Source: VGP

Source: https://e.nhipcaudautu.vn/economy/vietnam-receives-over-112-million-visitors-in-11-months-3356492/

Business

Visa waivers draw more European travelers to Vietnam in November

Published

3 hours ago

December 6, 2023

TienphongNews

Vietnam welcomed an estimated 1.23 million international visitors in November, with a surge in tourist arrivals from several European nations thanks to the Southeast Asian nation’s visa waiver program.

The November figure grew 11 percent month on month, marking the highest number of international tourist arrivals in Vietnam in a month since the start of 2023.

November also saw the number of travelers from European nations, which are entitled to Vietnam’s visa exemption, soar 58.5 percent month on month.

In particular, British tourist arrivals improved 38.6 percent, while the number of travelers to Vietnam from France recorded the sharpest increase at 72.5 percent.

Vietnam enjoyed a 55.1-percent month-on-month hike in tourist arrivals from Italy in November.

The numbers of visitors to the Southeast Asian nation from Germany and Russia rose 36.1 percent and 41.8 percent, respectively.

Between January and November, over 11.2 million international holidaymakers traveled to Vietnam, according to the Vietnam National Authority of Tourism.

South Korea remained Vietnam’s largest tourism source market during the 11-month period, sending 3.2 million tourists.

China came second with 1.5 million Chinese tourists visiting Vietnam over the past 11 months, followed by Taiwan, the United States, and Japan.

Vietnam’s tourism has been making great strides in the lead-up to the end of 2023.

Compared with the pre-pandemic period, the 11-month figure of international tourist arrivals in Vietnam remained modest.

The Ministry of Culture, Sports, and Tourism has recently proposed revising up the targeted number of international tourist arrivals in 2023 to 12-13 million from eight million.

The country is expected to welcome at least 35 million international travelers in 2025, and 50 million in 2030.

Speaking at a national teleconference on sustainable tourism growth held in mid-November, several experts hinted at continuing to expand Vietnam’s visa-free program, issue flexible visa policies, and grant visa waivers to more countries.

Vietnam currently offers visa waivers to 25 countries, including nine ASEAN members, Chile, Panama, Kyrgyzstan, the UK, Russia, Japan, South Korea, Norway, Belarus, and seven EU members—Germany, France, Italy, Spain, Denmark, Sweden, and Finland.

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Source: https://tuoitrenews.vn/news/business/20231129/visa-waivers-draw-more-european-travelers-to-vietnam-in-november/77008.html