Viet Capital Securities Joint Stock Company has signed a syndicated loan facility for US$100 million arranged by Taiwan’s Mega International Commercial Bank (Megabank) through its offshore banking branch.
Viet Capital Securities has reported net revenues of VND879 billion (US$38.1 million) for the second quarter of this year, an increase of 116 per cent over the same period last year.
Viet Capital Securities Company (VCSC) will focus on investment banking in 2018, a sector expected to contribute VND458 billion (US$20.3 million) to the firm’s total post-tax profit this year.
Viet Capital Securities Corporation (VCSC) may list on the stock market in the third quarter of 2017, HCM Securities Corporation (HSC) said in a report on Monday.
The Ho Chi Minh Security Exchange (HOSE) announced 172 million shares
worth some US$130 million were successfully auctioned in the first
quarter of 2016.
Vietnamese plastic firms that import polypropylene as production
material can reduce their production costs as the finance ministry has
reduced the tax on polypropylene by 2 per cent.
A recent law designed to allow foreigners to own up to 100 percent of
Vietnamese firms has failed to spur investment because of the vagueness
of the regulation, companies said.