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?
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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
DKSH to drive growth of MSD in VietnamPhuong Thao Representatives of DKSH Vietnam and MSD sign a cooperation agreement - PHOTO: TL HCMC – DKSH, a market expansion services provider with a focus on Asia, has been appointed by MSD, a global healthcare company from the U.S., to drive growth of part of its product portfolio in Vietnam. DKSH Business Unit Healthcare, a partner for healthcare companies seeking to grow their business in Asia, will provide marketing and logistics services for MSD in hospital and pharmacy channels across Vietnam. The collaboration initially spans six brands, including treatments in health, neurology and diversified brands. In Vietnam, DKSH is a reliable partner for companies looking to outsource their marketing activities. Ranked by annual sales, DKSH is listed in the top ten among all pharmaceutical companies. In combination with the customer care centers and logistics platforms, DKSH is well positioned to drive … [Read more...] about DKSH to drive growth of MSD in Vietnam
A U.S. tax overhaul proposed by Republican leaders in Congress would deepen divisions between big manufacturers like Boeing Co and the thousands of smaller companies that supply them, according to suppliers and tax and trade experts. U.S. automakers and other manufacturers that rely on imported components also would be affected by the proposals, which would tax imports at a 20 percent rate, and could split these sectors into winners and losers. The revamp would heighten existing tensions in the aerospace industry, where Boeing's aggressive cost-cutting driven by fierce competition with European rival Airbus has pushed suppliers to lower prices and source more parts and materials abroad. Aerospace components often zigzag through multiple countries and companies before reaching Boeing's factories in Washington and South Carolina. U.S.-based suppliers to Boeing would face a tax on their imports of these parts. Boeing, the top exporter among U.S. manufacturers, would export its jetliners … [Read more...] about How a border tax could divide Boeing and its suppliers