Vietnamese firms join world’s largest food, beverage fair in UAE Vietnam pavilion at Gulfood 2018 (Source: laodong.vn) Twenty Vietnamese enterprises will showcase their products at the 24th edition of Gulfood – the world’s largest annual food & beverage trade exhibition – in Dubai, the United Arab Emirates, from February 17-21. The firms include the Vietnam Dairy Products Joint Stock Company (Vinamilk), the Hanoi Trade Joint Stock Corporation (Hapro), the Nafoods Group and the Vietnam Hanfimex Corporation. The Agricultural Trade Promotion Centre under the Ministry of Agriculture and Rural Development will organise the Vietnam pavilion at Gulfood. The event is expected to help Vietnamese enterprises find consumers, sign export contracts and expand their market share in the Middle East, Africa and Southwest Asia. They can also introduce Vietnamese agricultural products, food and beverages and promote Vietnamese brands to foreign visitors, according to the … [Read more...] about BUSINESS NEWS IN BRIEF 14/2
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BUSINESS NEWS IN BRIEF 18/12
Yeah1 plans to issue shares to raise charter capital Multi-channel media group Yeah1 has announced a plan to issue nearly 62.56 million bonus shares at the rate of 200 per cent in 2019. Each shareholder will receive two new shares for every share he or she already owns. Bonus shares will be available to trade on the stock market after the issuance date. The share issuance will help Yeah1 triple its charter capital to VND938 billion (US$41.2 million) from its current VND312 billion. The value of the deal is nearly VND625.6 billion and the share issuance funding is taken from the company’s share premium recorded in its audited financial report for 2018. As of September 30, Yeah1 had VND1.13 trillion in its share premium and VND73 billion in undistributed post-tax profit. In the first nine months of the year, Yeah1 recorded VND1.03 trillion in revenue, up 111 per cent over the same period last year, and VND131.2 billion in post-tax profit, up 239 per cent. Yeah1 … [Read more...] about BUSINESS NEWS IN BRIEF 18/12
BUSINESS NEWS IN BRIEF 27/11
Enterprise Rent-A-Car to enter Vietnamese market The US’s biggest car rental company, Enterprise Rent-A-Car, will officially offer its services in Viet Nam starting on November 29. The company’s website enterprise.vn is now opening for rental services, with vehicles of five to 29 seats. The prices range from VND800,000 (US$34.19) a day for a Suzuki Vitara to VND2.6 million per day for a Samco bus. Enterprise’s car rental services in Viet Nam (and Asia) are licensed to MP Executives – a subsidiary of MP Group – which has more than 23 years of experience in the logistics industry in Viet Nam. Viet Nam is the first country in Asia to use Enterprise’s car rental service. In addition to providing services in the US, Enterprise is available in 84 other countries. Vingroup opens three technology firms Vingroup’s goal in the next 10 years is to become a world-class technology-industry-service corporation in which technology plays a major role. — … [Read more...] about BUSINESS NEWS IN BRIEF 27/11
BUSINESS NEWS IN BRIEF 28/8
Conference seeks ways for investment promotion in Quang Binh An investment promotion conference in the central province of Quang Binh was convened on August 28, focusing on presentations of the province’s potential and investment opportunities. Present at the conference were Prime Minister Nguyen Xuan Phuc and more than 800 delegates from among the leaders of ministries and departments, along with representatives of embassies, Lao provinces, commercial banks, associations, international organizations and businesses. Participating domestic and foreign organizations and businesses, through the conference, discussed investment and trade opportunities with local authorities. The event is expected to serve as a platform for the handing over of investment registration certificates and cooperation deals to 66 projects with a combined registered capital of US$7.34 billion. Earlier, the provincial People’s Committee held a series of sideline activities, including investment … [Read more...] about BUSINESS NEWS IN BRIEF 28/8
Government News 31/7
Deputy PM’s visit to deepen Vietnam-Singapore ties Deputy Prime Minister and Foreign Minister Pham Binh Minh pays an official visit to Singapore from July 30-31. Deputy Prime Minister and Foreign Minister Pham Binh Minh’s official visit to Singapore from July 30-31 is expected to deepen the cooperative and strategic partnership between the two countries, Vietnamese Ambassador to Singapore Tao Thanh Huong said. According to the Ambassador, during his stay, Deputy PM Minh will meet with Singaporean President Halimah Yacob and Prime Minister Lee Hsien Loong, and hold talks with Minister of Foreign Affairs Vivian Balakrishnan. The meetings look to discuss measures to implement agreements reached during Prime Minister Nguyen Xuan Phuc’s visit to Singapore in April, accelerate bilateral cooperation, and promote collaboration between the two countries in the ASEAN framework as well as on regional and international issues of mutual interests. Particularly, Minh and … [Read more...] about Government News 31/7