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The Saigon Times

Saigon Times Group is a leading Vietnamese media organization with prestigious business and consumer publications. After three decades of development, we have built a good reputation through our publications on economy, business and markets for Vietnamese and foreign readers.

Basic

Free

  • Free access to daily domestic news, podcasts and videos

Premium

$5 $1 /month
(VND 23,900)
Monthly Annual

  • Unlimited access to domestic news, podcasts, videos and magazine articles on current social / economic / trade / investment issues, commodity / financial/securities markets, M&A activity, FDI, local and foreign business communities and more.

AUTOMATIC RENEWAL REMINDER

  • Your payment method will then be automatically charged ₫ 899.000 every 365 days thereafter.
  • Your subscription will continue until you cancel.
  • You can cancel by using My account. Under My account, select "Unsubscribe" and then follow the instructions to cancel.
  • You can notify us of your intent to cancel at any time during your billing period. Cancellations take effect at the end of your current billing period.
28.9 C
Ho Chi Minh City
Wednesday, April 2, 2025

VTR shares under restriction order

By Minh Duy

Must read

HCMC – The Hanoi Stock Exchange (HNX) announced on September 13 that Vietravel’s shares, coded VTR, will be traded only on Friday on the Unlisted Public Company Market (UPCoM).

The HNX sent the order following a negative VND104 billion-plus in the equity of Vietravel, according to the semi-annual review report for the year 2022.

Accordingly, 17,294,833 shares, now sold at VND10,000 each, will be curtailed drastically on UpCoM, estimated at VND172,984,330,000.

The exchange of regular shares resumed normalcy after Vietravel managed to tackle the issue.

Like many other businesses in the travel and aviation sector, Vietravel took a heavy hit from the Covid-19 pandemic and has just revived since the end of Covid lockdowns and restrictions late last year.

In a general financial report in quarter two of 2022, the revenue of Vietravel is some VND1,000 billion, earning VND48.9 billion after tax, an increase over the pre-pandemic period.

However, the subsidiaries of the company saw losses of VND6.9 billion, mainly from the aviation sector.

On September 8, Vietravel Airlines and Asean Cargo Gateway signed an investment cooperation contract to launch a cargo air transportation service, named VUAir Cargo.

Vietravel will hold a 51% stake and Asean Cargo Gateway will fund the balance.

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