The Hanoitimes - Capital inflow into Vietnam, including both direct and indirect foreign investment, has been increasing over the past few years. Vietnam’s stock market grew 70% in terms of scale and 48% in the main index last year, presenting good opportunities for investors, according to Tran Van Dung, chairman of the State Securities Commission of Vietnam (SSC), the country's stock market watchdog. Illustrative photo. Capital inflow, both direct and indirect foreign investment, into Vietnam has been increasing over the past few years, said Dung in a quick exchange with local media on November 3. According to Dung, the market capitalization of the equity market has increased from 30% - 32% of the country's GDP five years ago to 70% as of 2017, reaching the government’s target set for 2020. Five years ago, Vietnam only had one enterprise capitalized over US$1 billion, and the figure has now reached 20, Dung continued. Statistics also … [Read more...] about SOE divestment and equitization present opportunities for investors
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Taking advantage of the new era
Prime Minister Nguyen Xuan Phuc met with representatives of foreign businesses, many of whom are planning to invest more in Vietnam, Photo: Duc Thanh After years of indecision on whether to revive its investment in Vietnam, Compal Electronics Inc. might soon reopen its Vietnamese plant to mitigate effects from the escalating US-China trade war. Compal has announced that its plant in Vietnam could be put back online in four to six months’ time. The leading Taiwanese electronics manufacturer built the plant about a decade ago, but the facility was put in reserve due to changes in the firm’s business strategy. Compal president Martin Wong said that the firm is now awaiting the final list of affected products, and remains tentative about Vietnam. According to Wong, moving to Vietnam would be less costly compared with the firm’s home market. Vietnam would offer the quickest solutions in terms of wages and workforce. Compal is among many foreign investors who maintain … [Read more...] about Taking advantage of the new era
Opportunity for IT engineers to find jobs in Japan
An IT class taught in Japanese co-organised by Framgia and three universities (Photo: Framgia) Hanoi (VNA) – Framgia Inc. of Japan will organise a job fair for IT students - Vietnam IT Job Fair - in Hanoi from June 22-24. With the presence of four Japanese companies operating in the field of information technology (IT), the fair is expected to serve as a good opportunity for local students to look for jobs in Japan. At the fair, the Japanese firms will introduce their recruitment demands. Students will join group interviews. If successful, the students will participate in single interviews with each of the companies. Framgia Inc. is specialising in designing, developing applications, games running on smartphone platform, social networking platform, producing and developing website application. With the mission of "Creating a lot of "Awesome value", using IT to make breakthroughs as a new foundation for the world, Framgia has so far set up 9 offices in 5 countries … [Read more...] about Opportunity for IT engineers to find jobs in Japan
Toyota to invest $1 billion in Grab as lead investor for Grab’s new round of financing
Grab Holdings Inc., Southeast Asia’s leading O2O mobile platform, announced today it has reached an agreement with Toyota Motor Corporation under which Toyota will invest $1 billion in Grab, as a lead investor in the company’s ongoing financing round. The fresh investment will accelerate Grab’s next phase of growth to build Southeast Asia’s leading online-to-offline (O2O) mobile platform As part of the agreement, Grab and Toyota will strengthen and expand their existing collaboration in the area of connected cars, to drive the adoption of new mobility solutions across Southeast Asia. The transaction is subject to the satisfaction of certain closing conditions. This investment by Toyota is the largest-ever by an automotive manufacturer in the global ride-hailing sector, and brings Grab closer to achieving its vision of becoming a one-stop mobility platform in Southeast Asia. Grab plans to work with partners to create a more efficient … [Read more...] about Toyota to invest $1 billion in Grab as lead investor for Grab’s new round of financing
Stanford graduate returns to Vietnam to “create new value”
VietNamNet Bridge - “Of all ways, starting up is the only way which allows you to create new value which never existed before,” said Pham Kim Hung, CEO of Base Inc, called the ‘golden boy’ of Vietnam’s math community. Pham Kim Hung, CEO of Base Inc After graduating from Stanford University in 2012, Hung refused attractive job opportunities in the US and returned to Vietnam. "Of all ways, starting up is the only way which allows you to create new value which never existed before,” Pham Kim Hung, CEO of Base Inc Hung said when working with many businesses, he realized they have to install a lot of apps to serve their work. This prompted him to create an open platform – Base - where they can choose suitable apps. In 2004, Hung won the first prize at the national math Olympiad and the gold medal at the 45th International Mathematics Olympiad (IMO). In 2005, Hung once again won the first prize at the national math Olympiad and the … [Read more...] about Stanford graduate returns to Vietnam to “create new value”