December 2, 2011
Vietnam's VHC to invest US$3 million in new branch
Vinh Hoan Joint Stock Company (VHC) has invested VND68 billion (US$3.24 million) in setting up a new subsidiary, Vinh Hoan Collagen 5 JSC.
The new firm will have a registered capital of VND80 billion (US$3.8 million), focusing on producing Gelatine and Collagen.
VHC earned a consolidated net profit of VND300.75 billion (US$14.3 million) on revenues of VND3 trillion (US$143 million) in the first nine months of this year, up 71% and 29.5% on year, respectively.
Its total assets rose 22.2% from end-2010 to VND2.2 trillion (US$105 million), including equity of VND1.2 trillion (US$57.1 million) at end-September.
