Helicopter Corporation to sell 20.3 million shares of MBLand Holdings The Vietnam Helicopter Corporation (VNH) will auction 20.3 million of its shares in property developer MBLand Holdings with the beginning price of 12,366 each on October 26. According to the Ha Noi Stock Exchange, VNH holds a 31 per cent stake in MBLand Holdings. VNH is expected to collect a minimum VND251 billion from the sale. MBLand, formerly known as MB Real Estate JSC, was established on January 25, 2008 by two major shareholders, Military Commercial Joint Stock Bank (code: MBB) and VNH. After nine years of establishment and development, MBLand Holdings now has an ownership capital of VND800 billion, total assets worth VND2 trillion and charter capital of VND653.7 billion. MBLand Holdings has 18 shareholders, including 12 organisations and six individuals. The main shareholder of MBLand Holdings is MB Bank with the ownership ratio of over 65 per cent, or nearly 42.7 million shares. In early … [Read more...] about BUSINESS NEWS IN BRIEF 13/10
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Bản in : Youngsters advised to launch businesses
The Youth Union should launch a national business start-up programme for young people aiming to create new-styled cooperatives and high-tech enterprises. Nguyen Thien Nhan, a Politburo member and President of the Vietnam Fatherland Front Central Committee, raised the opinion in a recent conference held by the Vietnam Youth Union. The conference aimed to collect opinions of young people nationwide for the coming 12th Party Congress. Speaking at the conference, Nhan said, "This was a chance for young people to contribute to the country's development drive." The Forum posed the question, what should young people do to contribute to the country's development in the next five years? "At present, the country has 500,000 businesses. So what should young people do to increase the number to 1 million in the next 5 or 10 years?" he asked. "The Youth Union should launch projects to form enterprises and establish new-styled cooperatives in localities for agricultural development," he … [Read more...] about Bản in : Youngsters advised to launch businesses
Vietnamese business icon talks about her rise
Viet Nam News Việt Nam News reporter Ngọc Bích talks to Nguyễn Thị Nga, who has been honoured to be one of only two business people from the ASEAN region receiving the "ASEAN Entrepreneur Award". She is now the chairwoman of the BRG Group JSC and the Southeast Asia Commercial Joint Stock Bank (SeABank). Before engaging in banking activities in 1993 and BRG in 1994, Nga was in business in the fields of import and export and retail sales of consumer goods. In 1994, she set up the first limited company and that was the forerunner of today's BRG Group. She used to be the chairwoman of the Việt Nam Technological and Commercial Joint Stock Bank, before leading Seabank. At the banks, Nga often started from the position of a shareholder and then participated in the governance. What difficulties did you have to encounter when you - a trader - stepped into the banking sector? What did you do to overcome the situation? The banking business is more sensitive and riskier than trading. In … [Read more...] about Vietnamese business icon talks about her rise
Vietnam businesses should use int’l staff in AEC integration: pundit
A Vietnamese human resource expert has stressed that local enterprises should "purchase" or "borrow" foreign staffers, particularly those from regional countries, and take better care of their local staff in prepping themselves for the upcoming Association of Southeast Asian Nations (ASEAN) Economic Community (AEC) integration. Tieu Yen Trinh, general director of Talentnet, which is a local human resource consulting firm, shared her opinions on how local firms make the most of the forthcoming AEC integration during a recent interview with Tuoi Tre (Youth) newspaper. By the end of 2015, Vietnam must complete the last line of commitments, including political, security and defense, economic and social pledges, to building the AEC, Deputy Prime Minister Pham Binh Minh said earlier. The AEC, slated for establishment by the end of this year, is aimed at creating a single market and production base, a highly competitive economic community, a region of equitable economic development, … [Read more...] about Vietnam businesses should use int’l staff in AEC integration: pundit
Harvey Nash launches recruitment business in Vietnam
By Binh Nguyen - The Saigon Times Daily HCMC - Harvey Nash on Thursday extended its recruitment service business into Vietnam to assist small and large foreign and Vietnamese companies in hiring qualified employees, particularly executives. The global professional recruitment and outsourcing group decided to open the business more than 10 years after it had built itself one of the leaders in technology and business process outsourcing (BPO) services in this market. Truong Hong Tam, senior vice president of Harvey Nash Recruitment Vietnam, said the company was bringing 20 years of experience in professional executive search and selection business, and providing clients in Vietnam with a mix of expertise and local knowledge. Tam and Angela Lam, vice president for business development at Harvey Nash, will manage the Harvey Nash recruitment division in Vietnam. On the global recruitment front, the company has served many of the world’s leading companies including HSBC, UBS, … [Read more...] about Harvey Nash launches recruitment business in Vietnam