Corporate

Ford is looking at speeding up plans to build more Lincoln models in Chinese plants amid the growing trade war with the United States that has made US exports less attractive, a senior executive said on Monday (Sep 24). Hinrichs said there was no business case for exporting autos to China with tariffs now reaching 40 per cent. (Photo: AFP/Bill Pugliano) Joseph Hinrichs, Ford's executive vice president for global operations, said he did not see any easy resolution to the trade dispute between the United States and China. President Donald Trump on Monday imposed tariffs on an additional US$200 billion in Chinese goods, prompting swift retaliation from Beijing on US$60 billion in US products. "I believe this US-China discussion will go on for a while," Hinrichs said. With tariffs on vehicles exported to China now reaching 40 per cent, there is no business case for exporting vehicles from the United States, he said. "China is a very important market for us," he said. "You're … [Read more...] about Ford executive says may boost production in China to avoid tariffs

Realme smartphones to enter Vietnam next monthBy Le Hoang Founder and Global CEO of Realme Sky Li - PHOTO: REALME HCMC – A representative of the Realme smartphone brand on September 24 announced a plan to penetrate the Vietnam market with the launch of at least two products in October. Established in May by former vice president of OPPO Sky Li, Madhav Sheth and a skilled young workforce, Realme has committed to manufacturing smartphones at reasonable prices with a strong configuration. Smartphones are not only a tool for contact but also help users relax, work, learn and communicate with society, according to Realme. Besides this, the appearance and design of smartphones have become a symbol for young individuals’ personalities. Many smartphones in the mid-range segment, however, have failed to meet customers’ rising demand for both efficiency and eye-catching designs.  Sky Li noted in a press release that Realme expects to provide technology lovers … [Read more...] about Realme smartphones to enter Vietnam next month

Since the beginning of 2018, the initial public offerings (IPOs) of major businesses, for instance Vietnam Rubber Group, Power Generation Corporation 3 or Vietnam National Shipping Lines, saw flat results. What stands behind these failures and what lessons can be drawn? The recent IPO of Vinalines saw flat results Vu Duc Tien, general director of Saigon-Hanoi Securities JSC (SHS), says that there is a combination of factors behinds the firms’ failing public auctions (IPOs). At state-owned Power Generation Corporation 3 (Genco 3) and Vietnam Rubber Group (VRG), the high state ownership ratio after the IPO was counted as one of the main reasons behind the failure, whereas at Vietnam National Shipping Lines (Vinalines), a leading shipping firm in Vietnam, the reason might have been be the company’s debt burden and its weak business performance. In February 2018, VRG could only sell about 101 million of the 475.1 million stocks put up for public auction, equal to … [Read more...] about Reasons behind major IPO failures

Undercurrent News has just announced the world’s 100 largest seafood companies, including Minh Phu Seafood JSC (code: MPC)—the only company of Vietnam in the top 50—which climbed 12 steps to the 41st position. Minh Phu is the only Vientamese company in the top 50 Undercurrent News recorded MPC’s export revenue at $690 million in 2017, increasing by 31 per cent against the $533 million in the previous year. Publicly traded company MPC produced around 60,000 tonnes of shrimp in 2017, two-thirds of which was vannamei and the rest black tiger. According to the report, a look at the main species farmed by aquaculture producers revealed the unsurprising dominance of salmon species—with 22 of 36 companies farming salmonids, within which Atlantics dominate. Vannamei shrimp is the second most popular farmed species, with 10 of the aquaculture companies farming it. Three companies on the list are farming black tiger shrimp and giant river prawn shrimp, … [Read more...] about Minh Phu now one of world’s largest seafood companies, to list on HSX

In the Industry 4.0 era, General Electric (GE) is ready to partner up with ASEAN member economies, including Vietnam, to realise the power of technology and innovation. Alex Dimitrief, president and CEO of GE Global, talked with Hoang Anh during his visit to Hanoi for the World Economic Forum on ASEAN 2018 – Entrepreurship and the Fourth Industrial Revolution. In the Industry 4.0 era, General Electric (GE) is ready to partner up with ASEAN member economies, including Vietnam, to realise the power of technology and innovation. Why do you think Industry 4.0 was chosen as the main theme for the World Economic Forum on ASEAN? The World Economic Forum (WEF) this year has gathered policymakers and focused on finding the optimal way to regulate Industry 4.0, hence the theme. It is a very important policy issue that goes beyond technical innovation and requires co-operation between the government, businesses, and the academia around the world. Industry 4.0, ranging from … [Read more...] about Fueling innovation throughout ASEAN