return icon

Japanese gas firm buys 21% in PV Low Pressure Gas

Japan-based firm Saibu Gas Co Ltd has become the large shareholder in PetroVietnam Low Pressure Gas JSC (PV GasD).



A worker at PetroVietnam Low Pressure Gas JSC (HoSE: PGD). — Photo



Saibu Gas has bought in 18.9 million PV GasD shares, raising its stake in the latter to 21 per cent, the Vietnamese firm said in a statement on Wednesday.

The Japanese company previously had no shares in the local gas supplier.

The deal was done on January 10 in a put-through transaction worth VND1.02 trillion (US$44 million).

The share purchasing deal was also the biggest trade made by foreign investors in the week of January 6-10.

PV GasD is listing nearly 90 million shares on the Ho Chi Minh Stock Exchange with code PGD.

The company's shares plummeted 6.9 per cent to end Thursday at VND37,750 per share.

Its shares have lost a total of 30.7 per cent in value since January 9, including a three-day losing streak between January 10 and January 14 as its shares hit the daily floor price.

On December 30, the company adjusted its full-year earnings targets for 2019.

In the decision, gas consumption was cut by 30 million cubic metres to 920 million cubic metres.

Of the figure, low-pressure gas consumption was curbed to 584 million cubic metres and compressed natural gas (CNG) consumption was 336 million cubic metres.

The company slashed its full-year expected revenue by VND371 billion to VND7.8 trillion for 2019. — VNS

Japanese lender aims to buy into OCB

Japanese lender aims to buy into OCB

The deal is expected to be worth about 15 billion Japanese yen (US$139 million).

Vietnam most promising Asian investment destination in 2020: Japanese survey

Vietnam most promising Asian investment destination in 2020: Japanese survey

Vietnam has been tapped by Japanese firms as the most promising place in Asia to invest in 2020, with India and Southeast Asian countries dominating other top spots, Kyodo News cited a survey as showing on January 8.


Vietnam considers giving visa waiver for golf tourists

Tourism experts have recommended allowing a unilateral visa waiver for 30 days for golf tourists and tourists travelers on special airplanes.

VN to universalize personal digital signature to develop digital economy

Many Vietnamese digital signature authentication service providers are seeking answers about the use of one digital signature for individual citizens.

Disbursement of public investments stuck, VND1 quadrillion deposited at banks

Minister of Finance Ho Duc Phoc said since capital for public investments cannot be disbursed, the Ministry of Finance has had to leave VND1 quadrillion worth of capital at banks with the interest rate of 0.8 percent per annum.

Russian film companies to join Telefim Vietnam 2023

Eighteen Russian firms will attend the International Exhibition of Film, Technology, Radio and Television (Telefim Vietnam) 2023 that will take place in Ho Chi Minh City from June 8-10.

VN to consider downgrading COVID-19 to flu-like status

According to the health ministry's statistics, to date, Vietnam has recorded over 11.6 million COVID-19 infections, with total recoveries logged at 10.63 million.

Bronze age artefacts found in Dak Nong

The Central Highlands province of Dak Nong has recently discovered numerous artefacts belonging to inhabitants dating back 3,500 years.


Vietnamese nationals rescued from Philippine human trafficking ring return home

Nha Trang Sea Festival director dies in accident

A Khanh Hoa Television Station director has died after falling off a scaffold while conducting an inspection of the grandstands of the Nha Trang Sea Festival 2023 on Monday.

Khanh Hoa reclaims resort mansion of late King Bao Dai

Authorities in the central coastal province of Khanh Hoa have just reclaimed a complex of five French style villas which used to host late King Bao Dai and his family during their holidays for better preservation.

Vietnam among top three attractive destinations for RoK visitors

Vietnam is among the top three most favourite tourist destinations for Korean visitors in Asia, according to statistics from KB Kookmin Card of the Republic of Korea (RoK).


Vietnam's GDP growth slows in Q1 ahead of expected recovery

VN received 4.6mil foreign visitors in five months, over half the year’s target

Vietnam welcomed nearly 4.6 million international arrivals in the first five months of 2023, soaring 12.6-fold from the same period last year, according to the latest report from the General Statistics Office (GSO).

Japanese dolls go on display in Da Nang

An exhibition of Japanese dolls celebrating the 50th anniversary of the establishment of diplomatic relations between Japan and Vietnam will open at the central city’s Fine Arts Museum on May 30.

International chess masters to play in Da Nang

The city’s culture and sports department said the tournament will see chess masters playing in a round-robin in four groups, with two top each qualifying in the quarter-finals.

380 new species discoveries in the Greater Mekong region: WWF report

With many of the species already under threat of extinction from human activities, WWF is calling on governments in the region to increase protection for these rare, amazing creatures and their habitats.