Vietnamese dollar billionaire Pham Nhat Vuong Vuong’s total assets are three times higher than the second richest billionaire Nguyen Thi Phuong Thao, chair of Vietjet Air, who has $2.5 billion. From early March, when Forbes released the list of the world’s billionaires, to early August, Vuong’s total asset value increased by $1.5billion. This is attributed to the continued price increase of VIC shares of Vingroup where Vuong holds 26.18 percent of shares. VIC market share price has increased by 10 percent compared with March. Unlike these two businesspeople, Ho Hung Anh, chair of Techcombank, has seen his assets decrease by $200 million in value because of the price decrease of TCB shares. Since March, TCB price has decreased by 25 percent. Meanwhile, the stock assets of Tran Ba Duong, chair of Truong Hai Automobile (Thaco) and Nguyen Dang Quang, chair of Masan Group, remain stable. The two billionaires have $1.7 billion and $1.3 billion, respectively, worth of … [Read more...] about How rich are Vietnamese dollar billionaires?
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The Hanoitimes - China is Vietnam’s biggest trade partner for the past 15 years and Hanoi has repeatedly asked Beijing to narrow the trade imbalance. Vietnam – China extend culture and tourism cooperation Hanoi calls for respect to sovereignty after Pentagon affirms China's missile tests in South China Sea Chairwoman of the Vietnamese National Assembly Nguyen Thi Kim Ngan has concluded her four-day visit to China from July 8 which is said to “reinforce political trust” between the two neighboring countries. Chinese Xinhua News Agency said the visit is made at the invitation of Li Zhanshu, chairman of the Standing Committee of the National People’s Congress of China. In her talks with Chinese businessmen in Beijing and Jiangsu, Ngan said her visit aims to continue the implementation of high-level agreements reached by Vietnam and China as well as co-operation between their legislatures. Vietnamese Ambassador to China Dang Minh Khoi … [Read more...] about How important are Hanoi-Beijing relations?
Viet Nam News NEW DELHI — Asian countries are spending more on their human capital, according to World Bank Human Capital Index. The Human Capital Index (HCI) measures the amount of human capital that a child born today can expect to attain by age of 18, given the risks to poor health and poor education that prevail in the country where the child lives. The HCI index values are contended to convey the productivity of the next generation and highlights how ready are Asian youth to face a future of immense opportunities. Singapore takes the top spot in human capital rankings globally. It has one of the most robust healthcare system, good education exams results and high life expectancy figures. It ranked first out of 157 economies suggesting that Singapore’s attempt to invest in its human capital will allow children to fulfill 88 per cent of their potential when they grow up. The top three countries that dominate the global index are Asian countries. South … [Read more...] about How prepared are Asian youth for the future?
In this event, young participants had a chance to share their creative startup ideas with experts in the field of electronic commerce. All agreed that e-commerce should be done on high-tech platforms for activities such as digital currency transfer, supply chain management, Internet marketing, data collection and management. At the moment, more than 53 percent of the Vietnamese population are accessing the Internet, which makes this channel a commercially lucrative potential for young startups. However, these entrepreneurs are facing many challenges since they have not mastered the concept of e-commerce yet, leading to various unfocused and seemingly useless inquiries in the discussion. In addition, despite their great concern in startup activities, these people have not clearly identified their own direction or possible partners, so it is extremely hard for them to fully and successfully develop their ideas. The discussion belongs to a series of events in the National Festival for … [Read more...] about Discussion on e-commerce, startup launched
Viet Nam News HCM CITY – Việt Nam’s growing start-up community is offering more support to entrepreneurial youth, Phạm Xuân Đà, head of the Ministry of Science and Technology office in HCM City, said during an awards ceremony for the Startup Việt 2018 contest in HCM City on Thursday. The annual contest, held by online VnExpress newspaper for outstanding Vietnamese startups, attracted contestants from various industries such as real estate, education and healthcare. The contest winner was Datamart Việt Nam whose project was PowerSell, an automatic multi-channel retail solution using big data analysis technologies and AI to aid sellers on platforms such as Lazada and Shopee. The company received a media package from VnExpress and VNĐ5 billion (US$214,559) in investment from Phạm Văn Tam, CEO of Asanzo Việt Nam Electronic Company. Bùi Hải Nam of Datamart said the contest was a good opportunity to … [Read more...] about Startups support young entrepreneurs