Some Business Performance and Financial Indications of Masan Group
May 4, 2012 (Vietnamica) — Masan Group (HOSE: MSN) was listed on Ho Chi Minh Stock Exchange on Nov 5, 2009 at the price of VND43,000 per share. On Sep 16, 2011, MSN reached its peak of VND158,000 per share. When today trading session closed, MSN was traded at VND108,000 per share.
April 21, 2012 (Vietnamica) — After mulling for a year, Laos has rejected a bid by a company from China to build a rare earth minerals plant in the Southeast Asian state, citing the company’s refusal to disclose the source of its minerals and potential adverse environmental impact (RFA, Apr 20).
April 6, 2012 (Vietnamica) – In addition toSong Da Holdings’ wrongdoings, State Inspectorate concludes that tens of thousands of Vietnamese dongs were spent incorrectly by PetroVietnam. The Vietnam’s Prime Minister Nguyen Tan Dung officially agrees on the conclusion. For example, PVN has spent retained earnings of US$743 million (VND15,600 billion) on financial investments out of the conglomerate’s core businesses. In other words, the investments are not allowed (VnExpress, Apr 6).
Vietnam: Gold Mines Seek AcquirersApril 5, 2012 (Vietnamica) – Owners of six gold mines in the central region of Vietnam are willing to sell their assets. For further information, please email to info@vietnamcia.net
March 16, 2012 (Vietnamica) – National Coal and Mineral Industries Group (Vinacomin) unveils that the work of Tan Rai Plant has been completed by up to 99 percent. The plant operator was asked to test-run the facility in April (Reuters, Mar 16).
March 16, 2012 (Vietnamica) – A gold exploration contract was signed by Lao Deputy Minister of Planning and Investment Bounthavi Sisouphanthong and representative of Vietnamese Global South Joint Stock company Cu Thanh Tien on Mar 15 in Vientiane. The gold exploration will be carried out in an area of 24 square kilometres in Xangthong district, Vientiane city. To mark the occasion, the mining company donated US$40,000 to build five charity houses for Lao war veterans (VNS, Mar 16).
