Enterprise Rent-A-Car to enter Vietnamese market The US’s biggest car rental company, Enterprise Rent-A-Car, will officially offer its services in Viet Nam starting on November 29. The company’s website enterprise.vn is now opening for rental services, with vehicles of five to 29 seats. The prices range from VND800,000 (US$34.19) a day for a Suzuki Vitara to VND2.6 million per day for a Samco bus. Enterprise’s car rental services in Viet Nam (and Asia) are licensed to MP Executives – a subsidiary of MP Group – which has more than 23 years of experience in the logistics industry in Viet Nam. Viet Nam is the first country in Asia to use Enterprise’s car rental service. In addition to providing services in the US, Enterprise is available in 84 other countries. Vingroup opens three technology firms Vingroup’s goal in the next 10 years is to become a world-class technology-industry-service corporation in which technology plays a major role. — … [Read more...] about BUSINESS NEWS IN BRIEF 27/11
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HCM City works to solve difficulties facing property enterprisesThe People’s Committee of Ho Chi Minh City held a conference on November 7 to help local real estate enterprises solve difficulties.Le Hoang Chau, President of the Ho Chi Minh City Real Estate Association, said the local property market faces several bottlenecks affecting enterprises’ business and investment activities, including approval of investment intentions, ground clearance, land use feess, project acquisition, using land funds to pay for Build-Transfer (BT) contracts, and credit and financial procedure issues.The slow settlement of these bottlenecks is one reason for the significant decrease in the supply of real estate products in 2018, which is forecast to continue reducing in 2019, Chau affirmed.At the event, local enterprises shared difficulties facing them during project implementation.Chairman of the municipal People’s Committee Nguyen Thanh Phong admitted that there remain several … [Read more...] about BUSINESS NEWS IN BRIEF 9/11
Deputy general director of Sabeco Neo Gim Siong Bennett has just been appointed to the highest position in Chuong Duong Beverages JSC (code: SCD). Neo Gim Siong Bennett, new chairman of Chuong Duong Beverages Chuong Duong Beverages has just announced the resolution of the Board of Management on appointment of Singaporean businessman Neo Gim Siong Bennett as new chairman and legal representative of the company in 2018-2023 to replace the former chairman Tran Duc Hoa. At the annual general shareholders’ meeting of Chuong Duong on July 19, Neo Gim Siong Bennett was elected as a member of Chuong Duong’s Board of Management, recommended by Saigon Beer-Alcohol-Beverage Corporation (Sabeco). He also represents Sabeco holding 2.38 million shares, equivalent to 28.06 per cent of Chuong Duong’s charter capital. The Singaporean businessman was appointed deputy general director of Sabeco in May 2018, and chairman of VND10-million-charter-capital Saigon Beer Company … [Read more...] about Can Chuong Duong Beverages’ new chairman turn a profit?
The US-China trade war may be one of the main reasons for the recent poor performance of the Vietnamese stock market A downbeat tone The corrective period of Vietnam’s stock market is extending into its third month, as the main gauge VN-Index fell below 900 points on July 5, to 899. The majority of blue chips, especially those of banks and oil firms, lost their value by 5-6 per cent in only one trading day, bringing the entire market down. Daily liquidity also plummeted from VND10 trillion ($434 million) to VND3 trillion ($140.4 million). On July 11 and 12, the market showed early recovery signs as the VN-Index gained 0.6 per cent, but the market gauge still remained under the 900-point mark (at 898.51 points). This means the VN-Index has lost 25.84 per cent of its value since April 9, when it hit its record high of 1,204.33 points. Due to these drastic falls, Vietnam has been ranked as one of the 10 worst-performing stock markets in the world, a complete contrast to the … [Read more...] about Investors still bet big on a bearish stock market
Viet Nam News NEW YORK — Aged just 20 and the youngest member of the extended reality-TV Kardashian clan, Kylie Jenner is on track to become America’s youngest "self-made" billionaire, Forbes revealed on Wednesday. The young mother, who gave birth to daughter Stormi in February, set up Kylie Cosmetics two years ago and the company has already sold more than US$630 million worth of makeup, the magazine said. Forbes conservatively valued her company at $800 million and raised her overall worth to $900 million by throwing in earnings from television programs, endorsements and after-tax dividends. Jenner owns 100 percent of the company, which started out with a $29 "lip kit" -- matching set of lipstick and lip liner that traded on her trademark pout. She’s already the youngest person on Forbes’ list of richest self-made US women and another year of growth would make her the youngest self-made billionaire ever, beating Mark Zuckerberg, who crossed the threshold … [Read more...] about Kylie Jenner, 20, on cusp of billionaire status: Forbes