Mai Linh launches cooperative to attract idle cars Mai Linh Group on November 15 will officially introduce and start the operation of Hoa Binh Xanh Taxi Cooperative in HCMC, which will call for the participation of owners of idle cars. According to the group’s press release, the cooperative is expected to offer more choices to the group’s customers. Early joiners of Hoa Binh Xanh Cooperative will be exempt from the management fee until December 31. They will also receive a uniform, free training courses and practicing certificates. After that, they will have to pay the management fee of only 13.9% of revenues for the duration of their contracts. Hoa Binh Xanh Cooperative will share Mai Linh’s taxi booking app and use call center 1055. The cooperative’s taxicabs will not be forced to have bright colors or be repainted in green, the traditional color of Mai Linh. However, they will have a lightbox highlighting the word “Taxi,” the Hoa Binh Xanh logo … [Read more...] about BUSINESS NEWS IN BRIEF 15/11
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BUSINESS NEWS IN BRIEF 6/9
SSI upgrades stock board and order services for Web Trading SSI Web Trading, an online trading service from Saigon Securities, has upgraded its online stock board and updated two more conditional orders for derivative trading. The two new orders, namely OCO and Bull & Bear, are the two most useful orders in derivative trading. With this upgrade, all market data displayed on the board and order screen will be updated consecutively and immediately, helping investors track stock prices and follow transactions quickly and accurately. In June, SSI also upgraded its Web Trading by adding four more types of conditional orders. The continuous upgrades to the platform demonstrates SSI’s efforts in providing diversified, efficient trading tools for profit maximisation and risk prevention for clients when practicing derivative trading. With two new conditional orders, OCO and Bull & Bear, SSI has six types of conditional orders, including Up, Down, Trance Up, … [Read more...] about BUSINESS NEWS IN BRIEF 6/9
BUSINESS NEWS IN BRIEF 15/8
Over VND96 trillion of G-bonds mobilised The State Treasury of Viet Nam has raised a total of VND96.251 trillion (US$4.13 billion) via auctions of Government bonds at the Ha Noi Stock Exchange (HNX) since the beginning of the year. At an auction this week, the State Treasury mobilised VND3.95 trillion from five-year and seven-year bonds worth VND500 billion each and 10-year bonds and 15-year bonds worth VND2 trillion each. The interest rate of bonds increased slightly. Bonds with 10-year maturity raised VND1.55 trillion with an annual interest rate of 4.53 per cent, up 0.03 percentage points from the previous auction on August 1. A sub-session auction of 10-year bonds drew VND600 billion with the yearly interest rate of 4.53 percent. Those with a 15-year term attracted VND1.2 trillion with an annual interest rate of 4.81 per cent, up 0.03 percentage points in comparison with the rate of the previous auction on July 25, 2018. As much as VND600 million was mobilised … [Read more...] about BUSINESS NEWS IN BRIEF 15/8
Middle East remains potential market for Vietnam seafood
Middle East remains potential market for Vietnam seafoodThe Saigon Times Daily Tra fish is processed for export. The Middle East remains a promising market for Vietnamese seafood exporters - PHOTO: VNA HCMC - With its rising demand, the Middle East has emerged as a promising market for Vietnamese seafood exporters, reported the news website Vietnamplus. According to the Vietnam Association of Seafood Exporters and Producers (VASEP), most countries in the Middle East cannot produce agricultural products, including seafood, due to unfavorable natural conditions. At the same time, they have high demands for fisheries, such as shrimp, tra fish, canned tuna, canned mackerel and dried fish. Between 2007 and 2017, Vietnam exported US$300 million worth of seafood annually, on average. Seafood is one of the five largest export earners of Vietnam to the Middle East. Nguyen Thi Anh, general director of Ngoc Xuan Seafood JSC, said the company has penetrated into the Middle East, … [Read more...] about Middle East remains potential market for Vietnam seafood
Wind tombs
Angry waves surged, threatening to sweep the rocks away. The rocks wavered as if like they might sink, but it was just an illusion. “Here’s your tobacco, master!” Song said. Song had rolled up a cigarette in no time. With the ocean winds battering his face, old Doi pointed down the peak, signaling to Song. Song jumped down, hid behind a slit, and flicked a lighter. The tobacco flared up in front of the old man’s nose. But no sooner was the milky smoke discharged than the tobacco was pulled out and thrown away toward the sandy beach. Four eyes squinted and looked over the sea. Sunset was tinting the horizon pink. Waves were still jumping onto the rocks. “There’s a ship returning, master,” said Song. “Where?” “I can see her painted eyes blinking.” The old man rubbed his eyes and looked in the direction of the boy’s finger. There was indeed a ship returning. The waves were violent, the prow of the ship bobbing up and … [Read more...] about Wind tombs