Former U.S. presidential candidate Hillary Clinton said on Wednesday that "cavalier" threats to start war on the Korean peninsula are "dangerous and short-sighted". "There is no need for us to be bellicose and aggressive (over North Korea)," said Clinton at a forum in the South Korean capital Seoul, stressing the need for greater pressure on North Korea and diplomacy to bring Pyongyang to talks. Tension has soared following a series of weapons tests by North Korea and a string of increasingly bellicose exchanges between U.S. President Donald Trump and North Korean leader Kim Jong Un. "Picking fights with Kim Jong Un puts a smile on his face," Clinton said, but did not mention Trump by name. The former U.S. secretary of state said Washington's allies have increasingly been expressing concerns over the reliability of the United States. … [Read more...] about Hillary Clinton says threats to start war with N.Korea ‘dangerous, short-sighted’
G fair korea expo india
Vingroup to enhance capital to fund new national exhibition center
The Vietnam Exhibition Fair Center Jsc (VEFAC) said in a new statement it would issue 1.2 billion new shares to existing shareholders to increase its charter capital from VND1.67 trillion ($72 million) to VND13.89 trillion ($599 million). VEFAC’s major shareholders are Vingroup (83.3 percent) and the Ministry of Culture, Sports and Tourism (10 percent). Of the money raised, VND5.78 trillion ($249 million) will be used for the construction of the Vietnam Exhibition Fair Center in the rural district of Dong Anh, about 15 km north of Hanoi's center, which was approved by the government last year. The existing national exhibition center on Giang Vo Street in the downtown area would be turned into a mall and housing project at an investment of VND4.1 trillion ($177 million), VEFAC said. The rest of the proceeds will fund an urban project in Me Tri Ward, the western district of Nam Tu Liem and bolster the company’s working capital. VEFAC earned revenues of VND70 billion ($3 … [Read more...] about Vingroup to enhance capital to fund new national exhibition center
North-South Expressway: domestic investors fear foreign competition
Vu Duc Nhan, deputy CEO of transport firm Phuong Thanh Tranconsin Jsc, told VnExpress that the Ministry of Transport requires an investor to have an owner’s equity of 20 percent of the cost of a North-South Expressway project. This means that if a project costs VND5 trillion ($215 million), an investor needs to have VND1 trillion ($43 million) in owner’s equity. The investor also needs to have experience in a similar project in scale, he added. "Very few Vietnamese companies have that money. Only some have recently invested in major national highways." A tightened credit policy on build-operate-transfer (BOT) projects is adding to the burden, Nhan said. Banks are charging an annual interest rate of 11 percent, higher than the 7.8 percent the Ministry of Transport estimated earlier when calling for investors. Many BOT projects are struggling to collect enough tolls due to lower traffic than estimated, making investors reluctant to take on expressway projects, he … [Read more...] about North-South Expressway: domestic investors fear foreign competition
SEA Game 30: Curtain falls, SEA Games flag goes to Vietnam
The 30th Southeast Asian Games (SEA Games 30) in the Philippines ends with a spectacular music and light feast-inspired closing ceremony. (Photo: AFP/VNA) Hanoi (VNA) – The 30th Southeast Asian Games (SEA Games 30) in the Philippines ended with a spectacular music and light feast-inspired closing ceremony, and the official flag handover to Vietnam – the host of the 2021 event. The athletes parade kick-started the festivities, as competitors from the various nations took centre-stage. A drone show then turned the inky black sky into a stunning screen showcasing the different sports contested at the Games. The captivating showcase then culminated in the display of the Games theme: We Win As One. The organising board presented individual awards to SEA Games’ best male and female athletes, Singapore’s Quah Zheng Wen and Vietnam’s Nguyen Thi Anh Vien. Both swimmers won six gold and two silver medals. Philippine surfer Roger Casugay received the … [Read more...] about SEA Game 30: Curtain falls, SEA Games flag goes to Vietnam
Commercial banks discuss M&As – again
The shareholders’ meetings of HDBank and PGBank were both organized on April 21. All of PGBank’s shareholders agreed on a plan to merge PGBank and HDBank, while 94.3% of shareholders agreed to do so for HDBank. The merger of two banks will start soon, with share conversion in July and the merger wrapped up in August. The schedule was a surprise to the finance community. Just days before, on March 29, when asked about the bank’s M&A plan, CEO of MBBank Luu Trung Thai said MBBank was still considering banks for the plan, including PGBank. Now, as PGBank has decided to merge with HDBank, MBBank will have to look for another partner. At the 2018 shareholders’ meeting, LienViet Post Bank stated it was considering raising charter capital, restructuring shareholders, completing an M&A, and restructuring credit institutions as requested by the State Bank. Duong Cong Minh, former chair of LienViet Post Bank, is now chair of Sacombank. Nguyen Van Huynh, who … [Read more...] about Commercial banks discuss M&As – again
