GE Healthcare on a mission to innovate Vietnam’s healthcare 08:00 | 18/12/2017 On the occasion of signing a memorandum of understanding with Vietnam’s privately-run Vinmec Healthcare System, Terri Bresenham, president and CEO ... Making local healthcare ‘future-ready’ 08:00 | 18/12/2017 US’ GE Healthcare has joined forces with Vinmec Healthcare system under Vingroup to advance Vietnam’s healthcare standards. Van Mai reports. GE Healthcare becomes strategic partner of Vinmec 10:08 | 13/12/2017 GE Healthcare, the medical arm of General Electric, yesterday signed a memorandum of understanding with Vinmec Healthcare System, fostering science ... GE to drive wave of solar investment in Vietnam 1 … [Read more...]
VN index boosted by positive corporate news
VN index boosted by positive corporate news (17-10-2005) HCM CITY — An announcement regarding the increase in foreign ownership limit in stocks and some positive corporate news pushed the VN Index to a four-year high last Friday. It closed at 304.1, gaining 12.8 points during the week. The last time the index reached the figure was on August 17, 2001, when it closed at 321.83. While the State Securities Commission’s recent announcement that foreign investors can hereafter hold up to 49 per cent of a listed company – up from the present 30 per cent – seemed to have been discounted by the market already, an announcement last week that the new limit would take effect on October 24 seemed to provide a fresh boost. The market had jumped by over 13 points on September 30. The news first broke on September 29. Other positive news coming from the market included REE’s announcement last Wednesday about the completion of a private placement worth VND160 billion … [Read more...]
Market rallies on good corporate, global news
Market rallies on good corporate, global news (14-09-2009) HA NOI — Favourable corporate news helped domestic stock indices advance last week, despite mixed trading on both the Ha Noi and HCM City bourses. On the HCM City Stock Exchange, the VN-Index increased 19.5 points ovearall last week to close at 547.99, a rise of 3.69 per cent over the previous Friday’s close. Trading volumes averaged 55.3 million shares per day, down 23 per cent from the previous week’s average, while the average daily turnover was VND2.4 trillion (US$134.8 million), a decline of 17 per cent. On the Ha Noi Stock Exchange, the HNX-Index also ended 1.35 per cent higher at 169.18, a slight increase of 2.26 points. Average trading value reached VND972 billion ($54.6 million), off 26 per cent from the previous week’s average, as daily volumes averaged 28 million shares, a drop of 25 per cent. Newly-listed shares from Viet Nam Real Estate (VNI), Hoang Long Group (HLG) and Van Phat Hung Co … [Read more...]
European stocks firmer as investors eye corporate news, ECB meet
Key earnings reports were expected from many of the biggest US companies, including Google parent Alphabet, ExxonMobil, McDonald's and Boeing.Earnings growth has been generally solid through the early part of the reporting season, with few companies reporting a significant hit from the US hurricanes.Investor attention was also focussing on the ECB's policy-setting meeting on Thursday, at which the central bank is expected to announce a scaling back of its easy money policies that have provided support to the eurozone economy in recent years.Earlier in Asia, Tokyo's main stocks index extended its longest winning streak in its nearly 70-year history on the re-election of Shinzo Abe as prime minister."While the political backdrop in Japan looks much more stable than it has in years the backdrop in Europe continues to be fraught with risk," said Michael Hewson, market analyst at CMC Markets UK, in particular reference to "the crisis in Catalonia".The positive tone in global markets had … [Read more...]
Shipbuilding corporation sees declining losses
A production area of the Shipbuilding Industry Corporation. The company sees declining losses this year. — Photo giaothongvantai.com.vn HA NOI (Biz Hub) — The losses of the Shipbuilding Industry Corporation (SBIC) fell from VND6.40 trillion ($304.76 million) recorded last year to VND2.18 trillion (US$103.81 million) in 2014. Online newspaper Dau tu (Vietnam Investment Review) reported the figures, citing the latest SBIC business report. The total losses might reach nearly VND4.10 trillion ($195.24 million) if the company restructuring and asset liquidation revenues, which amounted to VND1.90 trillion ($90.48 million), are excluded. The report showed that the year 2014 continued to be a difficult period for the shipbuilding industry. The company could hardly seek export contracts this year despite the signs of recovery detected in the transport market. Credit institutions tightening financing procedures also caused cancellations and delays of some of the company's … [Read more...]
Tra fish exports could be hurt by false news: VASEP
Incorrect news broadcast by overseas media can hurt exports of tra fish this year, the Vietnam Association of Seafood Producers and Exporters (VASEP) has said. Farmers harvest tra fish at Tân Thạnh fish farm co-operative in Tân Hội Commune, Vĩnh Long City, Vĩnh Long Province. Vietnam’s tra fish products are expected to face many challenges this year following wrong international media reports on the exports. Three weeks ago, Spanish commercial television channel Cuatro broadcast incorrect and defamatory information on tra fish bred in the Cửu Long (Mekong) River, said VASEP General Secretary Trương Đình Hòe. According to the … [Read more...]
SCIC works to improve corporate governance
Viet Nam News HÀ NỘI - The State Capital Investment Corporation (SCIC) yesterday introduced two publications on corporate governance for the benefit of its representatives in State-owned companies. The two publications, "Voting instruction manual" and "Corporate governance code", were released at a workshop that aimed to improve the quality of corporate governance in companies invested in by the State. The SCIC represents the State in managing capital investments. SCIC deputy general director Nguyễn Hồng Hiển said at the workshop that they wanted to improve transparency and the logic of decision making processes in companies that are in SCIC's investment portfolio. The voting manual will help the SCIC representatives in those companies understand the firms' reports better and improve the quality of their decision making, he said. The corporate governance code will help SCIC and its representatives in the businesses participate in the business governance activities on more advance … [Read more...]
VN’s drilling corporation wins numerous contracts
Viet Nam News HÀ NỘI - PetroVietnam Drilling and Well Services Corporation (PV Drilling) has signed multiple new contracts in the second quarter of this year. After completing its drilling campaign for Total E&P Myanmar, PV Drilling will supply its Drilling 1 rig for offshore drilling to Cửu Long Joint Operating Company, which is engaged in petroleum exploration and production. Meanwhile, Drilling II and Drilling III rigs have re-entered the market to service Murphy Oil Corporation and Côn Sơn, respectively. Drilling VI rig has served Hoàng Long Hoàn Vũ Joint Operating Company since mid-March and Drilling 11 rig is drilling wells for Algerian customer Sonatract. PV Drilling said prices of services are increasing thanks to the stellar performance. This year, PV Drilling's annual shareholders' meeting approved a plan to earn VNĐ2.3 trillion (US$101 million) in revenue in 2017. In a bid to realise its business targets in 2017, the company is striving to get additional contracts … [Read more...]
News agency boss calls for improved information flow
HCM CITY (VNS)— The Viet Nam News Agency (VNA) should co-operate more closely with other sectors, agencies and local authorities across the country in order to respond to events more swiftly, accurately and in line with Party and State guidelines, the agency's general director Nguyen Duc Loi announced in HCM City yesterday. He was speaking at a conference held by the VNA and national petroleum corporation Petro Viet Nam titled "Enhancing co-operation between the Viet Nam News Agency and ministries, sectors and localities". The conference also heard that as part of the country's continuing socio-economic development, the agency would attempt to improve its reliability, pursuit of the truth and ability to correct mistakes swiftly. Loi said the agency appreciated the support of the ministries, agencies and local authorities. He added that reporters and editors have always received support reporting on events and the ministries, agencies and local authorities have done their best to … [Read more...]
Viet Nam News launches latest business website
HA NOI (VNS)— Viet Nam News is proud to announce the launch of bizhub.vn. This is the first subsidiary of the newspaper's popular online edition vietnamnews.vn. Taking you inside the corporate world, Biz Hub provides readers with the latest news on companies, M&As, business laws, new products and comment from industry insiders. We are committed to providing the most reliable channel of business news and analysis on local issues, allowing users to exchange ideas and make valuable contacts in a variety of fields. Our goal is to keep readers up to date in one of Southeast Asia's fastest-growing countries and facilitate constructive dialogue between companies in Viet Nam and around the world. Businessmen can also find opportunities to boost their company profile and open the door to fresh opportunities by contacting us at bizhub.vn. New look for vietnamnews.vn In February 2013 Viet Nam News released new layout for the site vietnamnews.vn, serving you since 1998. Apart from … [Read more...]