Experts talked about policy reforms for M&A activities in Vietnam In the first panel discussion at yesterday's Vietnam M&A Forum 2019 in Ho Chi Minh City, policymakers and industry experts have talked at length about legal reforms that can push the M&A market forward. Regulators’ viewpoint According to the experts, foreign investors look forward to higher levels of transparency and corporate governance at Vietnamese firms, especially when it comes to state-owned enterprises (SOEs). This ranges from information on land usage, the rights and obligations of investors, and the disclosure of financial data to the foreign ownership limit. Dominic Scriven, executive chairman of Dragon Capital, moderated the first M&A panel Dang Quyet Tien, head of the Corporate Finance Department at the Ministry of Finance (MoF), acknowledged that information disclosure remains an issue at Vietnamese SOEs – partly because of differences in Vietnam’s accounting … [Read more...] about Policy reform is key to unlock Vietnam’s M&A future
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Vietnam made light work of Cambodia 3-0 in their last group match at Hanoi’s Hang Day stadium on November 24 to make it through to the 2018 AFF Suzuki Cup semifinals as the Group A winners. The “yellow stars” created a bunch of opportunities during the 90 minutes of play and successfully converted three of them into goals thanks to the brilliant efforts by Nguyen Tien Linh (39’), Nguyen Quang Hai (41’) and Phan Van Duc (61’). Coach Park Hang-seo rested some key players, with Nguyen Cong Phuong, Luong Xuan Truong, Nguyen Van Quyet and Nguyen Anh Duc left on the bench. However, a lineup of quality players allowed the home side to produce a lopsided game against minnows Cambodia. Shortly after the first whistle, Vietnam took control of the match with a series of shots towards the Cambodian goal, notably an eye-catching left-footed volley by Van Duc in the 15th minute that forced keeper Um Vichet to make a smart save. Trong Hoang curled a … [Read more...] about Vietnam thrash Cambodia 3-0 to advance as Group A leaders
Several expats living in Vietnam have shared their stories about Christmas celebrations with Tuoi Tre News as the holiday nears. Kim Cheng, from San Diego, California, USA My husband and I have been living in Vietnam for over six years, and I've celebrated four memorable Christmases and New Year's holidays in Ho Chi Minh City. I remember my first Christmas in Vietnam. It was December 24, 2008 and Vietnam had just won the AFF Championship. Most of Le Duan Street and the area surrounding the Notre Dame Cathedral had thousands of motorbikes with fans cheering and waving Vietnamese flags. Then, just before midnight, there was a wave of silence. It was really cool to see a mass of people become so quiet that you could hear a pin drop. The weather in the city during December is similar to the weather in my hometown most of the year. This year, a small group of friends and I will have Christmas Eve dinner at Saffron restaurant. We're also doing a fun Secret Santa gift exchange. We have a … [Read more...] about That’s how they celebrate Christmas in Vietnam, how about you?
Rice export volume up but value falls The ministry said the total rice export volume and value in the first nine months of this year reached 5.2 million tonnes and $2.24 billion, respectively. The figures represented a rise of 5.9 per cent in volume and a drop of 9.8 per cent in value compared to the same period in 2018. Of which, Viet Nam shipped abroad 586,000 tonnes of rice in September for $251 million. The Philippines was the top market for Vietnamese rice in the first eight months of this year, consuming 1.76 million tonnes worth $720 million, 2.9 times higher in volume and 2.6 times in value over the same period last year. Strong growth was also seen in other markets, including Australia (75 per cent), Ivory Coast (nearly 35 per cent) and Hong Kong (nearly 35 per cent). The average rice price in the first eight months fell 13.8 per cent year on year to $435 per tonne. White rice led the way in the period, accounting for 47 per cent of total revenue, followed by Jasmine rice … [Read more...] about VIETNAM BUSINESS NEWS OCTOBER 14
Indigenous people celebrate outside the Casa de la Cultura in Quito after Ecuador’s president and indigenous leaders reached an agreement to end violent protests. — AFP/VNA Photo QUITO — Ecuador began counting the cost on Monday of 12 days of indigenous protests against fuel hikes that left eight demonstrators dead and severely dented President Lenin Moreno's austerity programme. Moreno and indigenous leaders reached an agreement on Sunday after the president pledged to withdraw subsidy cuts, known as Decree 883, that had more than doubled fuel prices. The cuts were part of an austerity package to obtain a US$4.2 billion loan from the International Monetary Fund to shore up the oil exporter's brittle economy. Moreno said on Twitter that the original plan would be replaced by new measures that "contain mechanisms to focus resources on those who need them most." Under the deal, indigenous umbrella group CONAIE called off protests that brought chaos … [Read more...] about Ecuador counts cost of deadly protests after deal