Hedge fund manager earns 5 billion

International financiers may have no room to join Long Thanh International Airport project, with the lack of a government loan guarantee creating a major obstacle for would-be investor Airports Corporation of Vietnam to ensure bankability. The National Assembly (NA) has issued a resolution on a feasibility study for the first phase of the Long Thanh International Airport project, in which the government will offer no loan guarantee and the selected investor will instead have to manage the fund itself. The move is seen as a blow for interested lenders, often requiring such a government guarantee for initiatives of this magnitude. Vietnam has recently been working with Sweden on the possibility of mobilising a $1 billion loan from the Scandinavian country in order to invest in Long Thanh International, along with air traffic management. Like other groups, the Swedish Export Credit Corporation (SEK) is concerned about the possible risk without a government loan guarantee. Per … [Read more...] about Vietnam Airports Corporation facing risks in airport venture

The signing ceremony was held in Hanoi under the witness of the Ministry of Education and Training Based on the globally-recognised and award-winning financial literacy programme Cha-Ching Money Smart Kids, the partnership with JA Vietnam is expected to benefit up to 7,336 children from 31 primary schools in Hanoi in the 2019-2020 academic year and will expand nationwide in the coming years. Building on the success of the Cha-Ching, Prudence Foundation has partnered with Junior Achievement Asia-Pacific in 2016 to develop an enhanced Cha-Ching Curriculum that supports teachers in instilling money-smart skills in students’ daily life. Since then, the curriculum has been actively implemented in public primary schools for Grade 4 students by teachers in eight markets: the Philippines, Malaysia, Indonesia, Cambodia, Taiwan, Singapore, Thailand, and Vietnam. Since its launch in 2017, the curriculum has reached more than 380,000 students, with over 8,000 teachers trained to deliver … [Read more...] about Prudential and JA Vietnam implement Cha-Ching Curriculum across Hanoi

HONG KONG, CHINA - Media OutReach - 12 December 2019 -  Leading bespoke solar developer and asset management company NEFIN Solar Asset Limited ("NEFIN"), a member of the NEFIN Group, forms a 15-year strategic partnership with LF Logistics, a leading logistics services provider offering both in-country logistics services across Asia and freight management services globally, and a member company of Li & Fung. This pioneer partnership involves participation in the Feed-in Tariff (FiT) Scheme spearheaded by China Light and Power Co Ltd. (CLP), with the mission to take lead in promoting the development of renewable energy and reducing carbon footprint in Hong Kong where sustainability is becoming a more and more important agenda. LF Logistics has been proactively seeking opportunities to efficiently curb its energy and carbon emissions as part of its holistic sustainability strategy. Its collaboration with NEFIN marks a key solar project in Hong Kong by installing 336 … [Read more...] about NEFIN Supports LF Logistics to Achieve Carbon Neutrality

"In South Korea, I can only look for jobs without much prestige, like a photocopy guy. So I decided to come to Vietnam and gain some work experience," Choi Chang-min, a 31-year-old South Korean man, told VnExpress. Choi has two bachelor’s degrees in international trade and finance and currently works as an executive assistant for a Korean company producing fashion garments for export in the northern province of Hung Yen, 54 km south of Hanoi. His main task is to make production plans and manage inventory. Choi is among 400 South Koreans who’ve moved to Vietnam to work under a program called K-Move, launched by the South Korean government to connect young Koreans to "quality jobs" in 70 countries. K-Move found overseas jobs for 5,783 graduates last year, more than triple the number in 2013, when it was first launched, Reuters reported. The unprecedented paucity of jobs at home has seen many young South Koreans, who account for about a fifth of the 51 … [Read more...] about Young South Koreans make a beeline for Vietnam as jobs dry up at home