Although Thailand has automatically qualified for the AFC U23 Championship next year as the host, they signed up to play the qualifiers to gain more experience. Placed in group K with Vietnam, they’ve set themselves the goal of being placed above the Golden Dragons. "Every team wants to defeat Vietnam and Thailand is no exception," Thailand head coach Alexandre Gama said at a press conference last week before the qualifiers began. The team tops the group now with two big wins, 4-0 against Indonesia and 8-0 against Brunei. Vietnam, meanwhile, had to wait until the very last minute to sneak past Indonesia with a solitary goal. "We come here for the first place in group K. We want to beat Vietnam and they also want to defeat us. We have done some research on their style of play and got the motivation to win this game," Gama told Siam Sports. After two games, Thailand has a goal difference of +12 versus Vietnam’s +7. This means that the only way for Vietnam to top group K is to … [Read more...] about AFC U23 qualifiers: Vietnam yet to gel as Thailand waits
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AmCham Supplier Day 2018 connects domestic, foreign firms
Ninety local suppliers and 68 FDI manufacturers took part in a business matching event at the AmCham Supplier Day 2018 held on October 4 in HCM City (Photo: VNA) HCM City (VNA) – The AmCham Supplier Day 2018 was held in Ho Chi Minh City on October 4, attracting the participation of hundreds foreign invested businesses and Vietnamese suppliers. This was the fifth consecutive time the American Chamber of Commerce in Vietnam (AmCham Vietnam) had hosted the event, which saw a scale expansion and changes in the way of approaching among suppliers and producers to help develop global supply chains. At the event, Brian Mtonya senior economist at the World Bank said a lack of competitive local suppliers causes foreign firms to look elsewhere for companies that can provide consistent and timely inputs needed to finalise production. He pointed out the reasons for market failures that have deterred the development of FDI and SME (small- and medium-sized enterprises) … [Read more...] about AmCham Supplier Day 2018 connects domestic, foreign firms
Investment fund VinaCapital reconciles to leading egg firm breakup demand
“VinaCapital has decided to stop investing in Ba Huan JSC and is negotiating with the firm in closing the deal on the basis of the law and mutual interest,” it said in a statement. VinaCapital’s flagship fund Vietnam Opportunity Fund (VOF), in February, invested $32.5 million in the country's leading egg firm Ba Huanfor an undisclosed minority stake. The firm holds over 30 percent of the pasteurized egg market in Vietnam. The latest move follows Ba Huan’s letter to Prime Minister Nguyen Xuan Phuc Monday seeking to end the deal it made with VinaCapital, one of the largest investment funds in Vietnam. It accused the fund of trying to take over its brand and management. Pham Thi Huan, CEO of Ba Huan JSC, told VnExpress that one of the reasons for this request is the disparity between the English and Vietnamese versions of the deal. VinaCapital had “added by itself” an internal rate of return of 22 percent a year to the … [Read more...] about Investment fund VinaCapital reconciles to leading egg firm breakup demand
Vinataba reports decreasing profit after giving up confectionery firms
After earning plenty of money from divesting from Hai Ha Confectionery JSC and Huu Nghi Food JSC, Vietnam National Tobacco Corporation (Vinataba) reported a decrease in profit due to giving up these two confectionery firms. Vinataba reports profit decrease due to giving up confectionery firms In March 2017, Vinataba registered to sell all of its 10,347,630 shares, equal to 51.74 per cent of the charter capital, in Huu Nghi Food. At the same time, the firm also registered to offload 8.4 million shares, or 51 per cent stake, of Hai Ha Confectionery. As a result, four individuals spent over VND824 billion ($35.9 million) to acquire the stake in these two confectionery firms. Notably, on March 17, Vu Hai spent VND155 billion ($6.75 million) on buying 3.9 million Hai Ha Confectionery shares and Nguyen Thi Duyen spent VND405 billion ($17.65 million) acquiring 8.37 million shares. On March 21, Nguyen Van Dung and Luu Thanh Tam bought a total of six million shares to own 20 and 10 … [Read more...] about Vinataba reports decreasing profit after giving up confectionery firms
Brazil still to gel ahead of World Cup, says Pele
Brazil still to gel ahead of World Cup, says Pele Three-time World Cup winner Pele - PHOTO: REUTERS SAO PAULO (REUTERS) - Brazil may be five-time winners of the World Cup and joint favorites to make it six in Russia this year but the South Americans do not yet have the right blend for success, three-time World Cup winner Pele said on Wednesday. Brazil have lost once in 20 games since coach Tite took over almost two years ago but he has been forced to chop and change his side in recent friendlies due to injuries. “I have the utmost confidence in Tite’s ability,” Pele told Reuters. “My worry is about one thing; there are only a few days until the World Cup starts and we still don’t have the right team. Individually all the players are very good. But we’re not a team.” Talismanic forward Neymar injured a foot and ankle in February and full back Dani Alves dropped out the squad due to a knee injury. Renato Augusto and Douglas Costa picked … [Read more...] about Brazil still to gel ahead of World Cup, says Pele