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Posts Tagged ‘buy’

24,650 people in rural areas buy Vietnamese goods

In Uncategorized on January 12, 2011 at 7:07 am




24,650 people in rural areas buy Vietnamese goods


QĐND – Monday, January 10, 2011, 20:26 (GMT+7)

The first fair of Vietnamese goods in rural areas this year was held in Lap Vo district, Dong Thap province from January 7-9.


The event drew the participation of 46 businesses in the fields of electronics, cosmetics, food, garment and textile and pharmaceutical products.


The fair attracted 24,650 visitors to buy Vietnamese goods at reasonable prices, with a total turnover of VND1.45 billion.


Source: VOV


 


Source: QDND

It’s not a good time to buy gold now, experts say

In Uncategorized on December 16, 2010 at 10:04 am

Gold traders were hesitate on investing more in the precious metal as the physical gold carried high risk of losses in the last two weeks, analysts said.

(Photo:thanhniennews)

The global gold price’s trading band fluctuated in low rates last week, closing at US$1,350 per ounce. The local price meanwhile remained unchanged at VND36 million per tael.


The gap was narrowed on the fact that Vietnam’s central bank has granted more quotas to import gold by year-end, in a bid to cool domestic gold prices and interest rate jumped to 16-18 percent per annum.


Gold experts expect the global gold price will reach the resistance level of $1,424 per ounce as it closed at $1,410 per ounce last weekend.


They also recommended that gold was overbought, so investors should be cautious in restructuring their investment portfolio.


Local gold price remained around VND300,00-400,000 higher than the global one. However, the local price will likely to retreat on imported gold tax rate of zero percent, interest rate of 16 percent per year and the recover of the stock market.


Gold traders expect the global price will make corrections this month, which is the festival season at many foreign countries around the world.


Experts also predicted that the yellow metal will remain the best asset class with high profit rate in the upcoming time as the global gold price will likely to hit the level of $1,600 per ounce.


Global gold on a rise
The global gold price opened at $,353-1,357 per ounce and closed higher at $1,414 per ounce last week on a job report. Statistics showed the number of non-agriculture jobs last month increased only 39,000, much lower than the expectation of 140,000-155,000 jobs, while unemployed rate rose unexpectedly to 9.8 percent.


Gold steadied on Monday after rising nearly 2 percent in the previous session to above $1,400 an ounce, with a struggling U.S. dollar that pushed silver to its highest since early 1980 likely to spur more buying from investors, according to Reuters.


Any signs of a weaker U.S. economy or heightened tensions between the two Koreas could also bolster gold, while worries about euro zone sovereign debt remain on investor minds.
South Korea started live-fire naval exercise on Monday, despite Pyongyang’s warnings against conducting the drills in disputed waters off the west coast of the peninsula.


Spot gold rose to $2.15 an ounce to $1,416.50 by 0709 GMT, having hit a low around $1,408. Gold had risen as high as $1,415.36 on Friday as the dollar tumbled following disappointing jobs data in November.


Bullion hit a record high around $1,424 an ounce in November.

Source: SGGP

Government to buy a home for Prof. Ngo Bao Chau

In Uncategorized on October 21, 2010 at 7:51 pm




Government to buy a home for Prof. Ngo Bao Chau


QĐND – Thursday, October 21, 2010, 21:24 (GMT+7)

A convenient home will soon be provided for Professor Ngo Bao Chau and his family, the Governmental Office announced on October 20th.


At a recent meeting, the Prime Minister urged involved bodies to soon establish the national advanced mathematics institute and prepare the best conditions for the professor to work.


Earlier, the Ministry of Construction had proposed to earmark a sum from the State Budget to buy a high-quality apartment in Hanoi for the professor and his family to facilitate his business in Vietnam in the future. 


Source: TT

Translated by Thu Nguyen

Source: QDND

Prudential launches record cash call to buy Asian insurer

In Uncategorized on May 17, 2010 at 9:01 am

LONDON, May 17, 2010 (AFP) – British insurance giant Prudential said Monday it will raise 14.5 billion pounds (17 billion euros, 21 billion dollars) from the sale of new shares to help fund a record takeover of Asian insurer AIA.


“Prudential today announces further details of the proposed combination of the Prudential Group and the AIA Group, including the terms of its fully underwritten rights issue to raise approximately 14.5 billion pounds,” a statement said.


The British group had delayed by almost two weeks details of the record rights issue needed to fund the insurance sector’s biggest ever takeover, as regulators voiced concerns about the enlarged company’s capital strength.


Prudential announced in March that it had agreed to buy AIA — the Asian arm of troubled US insurer AIG — for 35.5 billion dollars (29 billion euros).


It expects to complete the takeover in the third quarter of 2010 while reports suggest Prudential may have to sell its British operations to fund the rest of the deal.


“We are creating the leading life insurer in the fastest growing region in the world, giving us greater exposure to the highly attractive long-term growth offered in Asia,” Prudential chairman Harvey McGrath said Monday.


“We believe this opportunity will deliver substantial long-term value for our shareholders.”


The takeover will give Prudential about 30 million customers in Asia and see the Asian operation become by far the group’s biggest division — contributing some 60 percent of new business profit.


Regarding the rights issue, Prudential said it was offering almost 14 billion new shares, each priced at 104 pence. According to analytical group Dealogic, the rights issue is the biggest ever launched to fund a takeover.


Current Prudential investors will be offered 11 new shares for every two shares they own. The sale price represents an 80.8-percent discount to the insurer’s closing price of 542.5 pence on Friday.


Prudential’s share price dropped 2.67 percent to 528.5 pence at the start of London trade.


The AIA deal and the rights issue need 75-percent backing at a shareholders’ meeting due on June 7.


“The combined business will be a fast growing and highly profitable company, with a leading position in many of the most attractive markets in the world,” Prudential chief executive Tidjane Thiam insisted on Monday.


“We believe that, through capital management and portfolio rationalisation, there will be opportunities for the combined entity to create additional shareholder value over and beyond the revenue and cost synergies identified,” added the Frenchman who put together the mega-deal.


Reports have suggested however that some of Prudential’s biggest shareholders are opposed to the tie-up.


The rights issue is meanwhile set to raise about 13.8 billion pounds net of fees and transaction-related expenses, while it is being fully-underwritten by Credit Suisse, HSBC, J.P. Morgan Cazenove plus by a syndicate.


These groups will take up any shares not bought by existing shareholders.


Alongside the rights issue, London-listed Prudential has said it plans to begin trading existing shares in Hong Kong and Singapore on May 25.


The listings are seen as a move to garner support from regional investors for the rights issue.


The Hong Kong and Singapore listings will be done by way of introduction, which means adding trading venues without issuing new shares.


The acquisition of AIA will double the size of Prudential and transform it into the world’s top non-Chinese insurer by market capitalisation, ahead of major competitors Allianz and AXA.


Sales in Asia already make up half of new contracts for Prudential across a number of countries including China, India, Indonesia, Malaysia and Thailand. The company also has a strong presence in Britain and the United States.

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Source: SGGP

CBA to buy 15 % of shares in VIB

In Uncategorized on April 23, 2010 at 4:39 pm




CBA to buy 15 % of shares in VIB


QĐND – Friday, April 23, 2010, 21:24 (GMT+7)

Commonwealth Bank of Australia (CBA) Vietnam International Commercial Bank (VIB) have just announced an agreement on strategic cooperation.


Under the agreement, CBA will buy 15 per cent of the shares in VIB and become a VIB’s foreign strategic investor.


In addition to the role as an investor, CBA as a strategic partner, will transfer banking technology and augment business capacity for VIB in the future as well as closely collaborating in seeking business opportunities.


CBA, with its estimated total asset of US$ 785 billion and total capital of US$ 85 billion, has been present in the Vietnamese market for 16 years and officially founded its representative office in Ho Chi Minh City in August 2008.


Top representatives of the two partners also released that CBA would raise its share in VIB to 20 per cent in 2011 if the local government allowed.


Source: HNM


Translated by Thu Nguyen


Source: QDND

Adolescent banned to buy goods in duty free shop

In Politics-Society on March 11, 2010 at 4:59 am




Adolescent banned to buy goods in duty free shop


QĐND – Wednesday, March 10, 2010, 21:30 (GMT+7)

According to Decision 93/2009/QD-TTg by the Prime Minister, customers, aged under 18, will not be allowed to buy beers and cigarettes in the duty-free shop at the Tinh Bien Border Gate, announce the customs at the Tinh Bien Border Gate.



In another development, as of February 28th, 2010, shoppers will receive tax exemption, worth VND 500,000 for each person a month, when buying alcohol, beers and cigarettes at the Tinh Bien Commercial Zone. They will have to pay duty for additional goods bought there.


At present, 39 enterprises are selling duty-free products in the Tinh Bien Commercial Zone, with Vietnamese high-quality products accounting for 40%-70% in the area.


Source: Dan Tri


Translated by Hoang Anh


Source: QDND

French firm looks to buy UK’s Camelot: report

In Uncategorized on December 9, 2009 at 1:37 pm








French lottery group La Française des jeux is looking into buying British company Camelot which runs the UK’s National Lottery, it has been reported. (AFP file)

PARIS, Dec 8 (AFP) – French lottery group La Française des jeux (FdJ) is looking into buying Camelot which runs the country’s National Lottery, it has been reported.


Economic dailies Le Figaro Economique and Les Echos said FdJ had until early 2010 to make a bid, but the two newspapers said the deal was far from certain.


Le Figaro Economique said Virgin founder Richard Branson, who has twice tried to buy Camelot, had teamed up with Dutch private company People’s Postcode Lottery in a third bid.


Other potential candidates included Indian lottery Sugal & Damani, and Italy’s Lottomatica, number one in Europe ahead of Française des jeux, along with investment funds.


Les Echos said the candidature of a public monopoly to buy a cross-Channel private company could raise some eyebrows.


Asked by AFP about the possibility of such an operation, FdJ refused to comment.


Source: SGGP Bookmark & Share

Investors race to buy up shares in anticipation of dividend payouts

In Uncategorized on December 1, 2008 at 1:23 pm

HA NOI — Investors are racing to buy more shares in order to participate in year-end dividend payouts, with stocks of some companies showing a rise in trading volume even as the rest of the market is seeing a downward trend.


Phu Thinh-Nha Be Garment Joint Stock Co (NPS) has topped the list at the Ha Noi Trading Securities Centre (HASTC) by announcing it would pay a 40-per-cent dividend. Each share, therefore, will receive VND4,000. Since the announcement, NPS shares have climbed for eight consecutive trading sessions, rising from VND17,000 to close at VND21,600 per share yesterday.


Quang Nam Mineral Industry Co (MIC) has announced a 17-per-cent dividend and seen share prices rise for the last 10 trading sessions, ending the day yesterday at VND74,800 per share.


Dong Nai Plastics Joint Stock Co (DNP) announced its dividend a few days ago, and DNP shares have climbed for four consecutive trading sessions, with buy orders massively outnumbering sell orders. DNP closed at VND12,100 per share yesterday.


Minh Quan, an investor with Rong Viet Securities, said that dividend payments would help him recover some capital lost due to falling stock prices. He said investors were also looking to the prospect of listed companies with strong business performance, buying back shares after dividend-payment season.


Hoang Thach Lan of SME Securities Co noted that a number of firms were diverting earnings into dividend payments before the end of this year rather than reinvest in production or business expansion. The move was timed to help investors enjoy tax-free income before changes in the tax law on January 1 subject dividend payments to taxation.


But the Viet Nam Association of Financial Investors (VAFI) has warned businesses that they should not race to pay high dividend payments but recommended that they reinvest in their own growth and operations. —

Indonesia to buy jet fighters, armored vehicles from Russia

In Uncategorized on November 13, 2008 at 12:22 pm

Hanoi (VNA) – Russia’s Rosoboronexport has signed deals to sell six Su-30 Flanker-C jet fighters and 18 BMP-3 infantry fighting vehicles to Indonesia, an official at Russia’s arms export company said on November 12.

Nikolai Dimidyuk, Rosoboronexport’s special programmes director was quoted by Antara news agency as saying that Indonesia could also buy other Russian warplanes as well as Mi-17 and Mi-35 helicopters.

He expressed confidence the Russian Finance Ministry would soon approve a 1 billion USD loan for Indonesia.

“We are sure that this loan will be used to buy arms,” Director Dimidyuk said, adding that Indonesia had asked Russia to modernise its Soviet-era weapons and equipment.-

Japan firm to buy VN propylene

In Uncategorized on September 21, 2008 at 3:50 pm

HA NOI — Truong Van Tuyen, deputy general director of the Viet Nam Oil and Gas Group (PetroVietnam) and Masayasu Kawasaki, a representative from Japan’s Marubeni Corporation, signed a contract at the Dung Quat oil refinery plant management board’s office yesterday.


Under the contract, Marubeni will buy 75,000-150,000 tonnes of propylene products a year from the Dung Quat oil refinery plant’s polypropylene workshop, that will start operations in 2010. The price of the products will be fixed based on the free on board price (FOB) of propylene products listed on the Stock Exchange of Singapore.


The Dung Quat oil refinery plant will deliver the products to Marubeni at the plant’s seaport after an independent verifier defines the quality of the products.


The plant is responsible to inform Marubeni Corporation of the arrival date and volume of propylene products at least 20 days before delivery. The plant must also provide a preliminary report on the export volume at least one month before delivery.


The Dung Quat oil refinery plant is in its 39th month of construction, and is expected to be operational in February 2009. —