The Hanoitimes - Vietcombank is expected to offer the remaining shares amount on the stock market via put-through transaction, for which the specific date has not been disclosed. Only 10,000 out of 53.4 million shares of the Military Bank (MB) offered by Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) were sold at an auction on October 15, according to the Hanoi Stock Exchange (HNX). Illustrative photo. Under the current regulation, the successful bidding price must not be lower than the starting price and the price of MB share at the close of the auction date on October 15, which stood at VND19,641 (US$0.84) and VND21,300 (US$0.91) per share, respectively. A total of 10 investors took part in the auction, but only one successfully purchased 10,000 shares at the price of VND21,900 (US$0.94) apiece, while the remaining nine failed to buy the registered amount of 5.93 million shares at offering prices lower than VND21,300 (US$0.91). … [Read more...] about Vietcombank sells less than 1% of Military Bank shares on offer
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UK child medical charity praised
The Vietnamese government has just presented the Friendship Order to Katrin Kandel, Executive Director of Facing the World - a United Kingdom-based medical charity in recognition of the contributions that she and her organisation have made to Vietnam over the past decade. Deputy Prime Minister and Foreign Minister Pham Binh Minh presents the Friendship Order to Katrin Kandel, Executive Director of Facing the World A ceremony was held in Hanoi on Monday to announce the Friendship Order which was already presented to Kandel on October 9 during a UK visit by Deputy Prime Minister and Foreign Minister Pham Binh Minh. The event was held to celebrate the 45th Anniversary of the Diplomatic Relations between the United Kingdom and Vietnam. Speaking at the ceremony, Katrin said the award showed the recognition and support of the Vietnamese government to the organisation. Since its establishment in 2002, Facing the World has provided treatment for a large number of children … [Read more...] about UK child medical charity praised
PM arrives in Austria for official visit
PM Nguyen Xuan Phuc and his spouse arrive in Vienna international airport He was accompanied by his spouse, and the Vietnamese high-ranking delegation. The PM was greeted by a representative of the Austrian PM Office and Vietnamese Ambassador to Austria Le Dung. PM Phuc met with officials and the staff of the Vietnamese Embassy and the Vietnamese overseas community in Austria. As scheduled, the PM will attend an official welcome ceremony and hold talks with Austrian PM Sebastian Kurz, witness the signing of cooperative documents, and attend a press conference. PM Phuc will meet with the President of the Parliament of Austria, the Austrian President; attend the Viet Nam-Austria Business Forum; and visit some research and education sites in Austria. The official visit is the first leg of PM’s Phuc tour of Europe, during which he attends the 12th ASEM Summit, and the Partnering for Green Growth and Global Goals 2030 initiative (P4G), and makes … [Read more...] about PM arrives in Austria for official visit
Vietjet’s President and CEO honored at ASEAN Entrepreneurs Award 2018
President and CEO of Vietjet, Nguyen Thi Phuong Thao, has been honored as one of the two winners of the ASEAN Entrepreneurs Award 2018 for her significant contributions in bolstering economic and trade exchanges between the Republic of Korea (RoK) and ASEAN. President and CEO of Vietjet Nguyen Thi Phuong Thao The awarding ceremony was co-organised by ASEAN – Korea Centre and Maekjung Media Group, one of the most influential media groups in the RoK, held in Seoul, the RoK, under the framework of the World Knowledge Forum. Speaking at the awards ceremony, Lee Hyuk – Secretary General of ASEAN – Korea Centre said: “We are very delighted that President and CEO of Vietjet, Nguyen Thi Phuong Thao, was selected as one of the two winners of the ASEAN Entrepreneurs Award 2018. This is an acknowledgement of Vietjet’s high quality operations, its creative services and meaningful contributions during the past few years. I firmly believe that the award will serve … [Read more...] about Vietjet’s President and CEO honored at ASEAN Entrepreneurs Award 2018
VND3 trillion allocated for upgrade of Vinh airport
The Ministry of Transport has approved a project to upgrade Vinh airport in central Nghe An province with total investment of VND3 trillion (about US$128.5 million). Accordingly, a second terminal (T2 terminal) will be built at the airport, which is able to serve five million passengers per year, along with an airport apron in front of the terminal. Construction of the terminal and apron are scheduled to start in the third quarter of 2019 and be completed in late 2020. In addition, many major projects are underway at the airport, including one to upgrade a domestic terminal to an international one, and other to expand and repair existing aprons. The upgrade of the airport aims to meet Nghe An’s socio-economic development requirements, particularly in tourism development. The Vinh airport currently serves seven routes and handles about 34 flights a day, with two international air routes to Laos and Thailand. It recently showed signs of overloading, especially at peak time. … [Read more...] about VND3 trillion allocated for upgrade of Vinh airport