Business execs pinpoint opportunities in challenging time By Mong Binh - The Saigon Times Daily HCMC - Senior foreign business executives at a CanCham luncheon in HCMC on Tuesday pinpointed emerging opportunities for companies operating in Vietnam to consider and cash in on in the current time of so many challenges. Tom Tobin, chief executive officer of HSBC Vietnam, said that 2009 also came with new opportunities in this market despite the impact of the global economic downturn in addition to challenges. Tobin was one of the six speakers at the luncheon entitled "The Year Ahead: Executive Summary and Outlook 2009" organized by the Canadian Chamber of Commerce in Vietnam (CanCham). Other speakers were Frederick Burke of Baker & McKenzie, Rick Howarth of Intel Products Vietnam Co. Ltd., Don Lam of VinaCapital Group, Ralf Matthaes of TSN Vietnam, and Marc Townsend of CB Richard Ellis (Vietnam) Co. Ltd. Burke, managing partner of the law firm Baker & McKenzie, pointed out new … [Read more...] about Business execs pinpoint opportunities in challenging time
New opportunities inc
Stocks rise on new investor excitement
Stocks rise on new investor excitement (13-04-2009) HA NOI — Domestic stocks advanced sharply last week as investor excitement pushed trading volumes to record highs on the local stock exchange. The VN-Index advanced 14.77 points overall last week to close at just over 325 - a rise of 4.76 per cent over the previous Friday's close - fuelling hopes that the index could reach the psychologically important mark of 350 in the short term. Average volumes averaged 40 million shares per day, up 48 per cent over the previous week's average, while daily trading values were roughly VND910 billion (US$51 million), an increase of 58 per cent. Automotive shares posted the sharpest increase last week, up 20 per cent, according to FPT Securities Co data, followed by telecommunications shares, 15.3 per cent, and banking and financial shares, 13.5 per cent. The latter showed the highest activity, with Sacombank (STB) and Saigon Securities Inc (SSI) leading the HCM City exchange in volume, while … [Read more...] about Stocks rise on new investor excitement
Metalwork opportunities discussed
HA NOI - Vietnamese mechanical engineering businesses would have more opportunities to seek export markets and new link-ups with foreign partners, said Christoph Miller, managing director of EMO Hannover in Ha Noi this week. The venue, which has become a main meeting place for the international metalworking industry, will be staged in the German city again from September 19 to 24. It is expected to draw more than 1,500 visitors from 26 countries. SHB raises more charter capital HA NOI — The State Bank of Viet Nam has allowed the Sai Gon-Ha Noi Commercial Bank (SHB) to raise its charter capital to nearly VND5 trillion (US$238 million) from VND3.5 trillion ($166.6 million). The bank will use the money to expand financial services and trading activities. Architect 2011 to open on February 8 BANGKOK — The biggest architectural exhibition in Southeast Asia, Architect 2011, will be held in Bangkok from February 8-13. The exhibition, organised by the Thailand Association of … [Read more...] about Metalwork opportunities discussed
Tensions brewing between Japan Inc. and new govt
TOKYO, Sept 3, 2009 (AFP) - Fresh from a landslide election win, Japan's next government faces signs of an emerging rift with big business, which fears some of its policies could hinder a recovery in the recession-hit economy. Premier-in-waiting Yukio Hatoyama has vowed to put the interests of people before those of corporate Japan. In a recent essay he criticised "unrestrained market fundamentalism and financial capitalism that are void of morals." His Democratic Party of Japan (DPJ) has irked major manufacturers with a goal to reduce greenhouse gas emissions by 25 percent by 2020. The ambitious target compares with an eight-percent cut promised by the pro-business Liberal Democratic Party, which was swept from power in a landmark election Sunday after governing Japan almost continuously since 1955. The head of the top business lobby, Nippon Keidanren, has called on the DPJ to review its emission reduction target, telling Japanese media on Thursday that it may be unrealistic and "a … [Read more...] about Tensions brewing between Japan Inc. and new govt
CEO Summit 2006 – Creating new opportunities for shared development
VNGOVNet - In the morning of November 17, the APEC CEO Summit 2006 started at the National Convention Center, under the theme "Towards One Community: Creating New Opportunities for Shared Development". Vietnamese State President Nguyễn Minh Triết attended the opening ceremony and delivered the keynote address on "Creating an Asia Pacific Community: Challenges for APEC". Over 1,100 representatives from leading multi-national corporations within the Asian Pacific region participated in the conference. Some of those are leaders of well-known corporations, such as Mr. Thomas J. Donohue - President and CEO of the American Chamber of Commerce; Mr. William Rhodes - Senior Vice Chairman of Citigroups Inc. and the Chairman of Citigroup and Citibank; and Mr. Michael Ducker - Executive Vice President of FedEx International Corporation. The CEO first-day discussion focused on the followings: "The world economy today: What are the opportunities and the threats?" moderated by Mr. Thomas … [Read more...] about CEO Summit 2006 – Creating new opportunities for shared development