In 2009, when the VN Index soared from 324 points to the year's peak of 630 points, the richest stock billionaire had total assets worth over VND9 trillion. But now, one needs to have much more to be listed among the top billionaires. KBC price hovers around VND14,950 per share. With 75 million KBC in hands, Tam now ranks 53rd on the list of top billionaires. … [Read more...] about How much is needed to be listed among the top stock billionaires in Vietnam?
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Hanoi (VNS/VNA) - The Vietnam Maritime Administration has requested that associations, seaport companies and shipping companies be exempted or allowed to pay reduced service fees for containers stored at seaports for a long time. The proposal was laid out in document No 646/CHHVN-VTDVHH, issued on March 7 to create favourable conditions for the owners of the containers to release the goods stored at seaports. The administration, under the Ministry of Transport, also proposed container owners and associations of industries such as the paper association, plastic association and steel association co-ordinate with shipping agents and seaport companies to review which containers will get fee exemptions or reductions. Relevant agencies would then fix exemptions and reduced rates based on the review and existing regulations. The administration proposed the associations announce the policy to their members and then closely co-ordinate with state agencies to craft a plan that minimizes … [Read more...] about State to explore fee cuts for shipping companies
Environmental monitoring systems delayed in Formosa incident-impacted provinces Ha Tinh, Quang Binh, Quang Tri and Thua Thien Hue have asked the Ministry of Natural Resources and Environment to postpone the construction of marine environmental monitoring and warning systems by 2021, citing a lack of budget. … [Read more...] about Vietnam to develop a master plan on environmental monitoring system
Hanoi (VNA) – The Vietnam National Shipping Lines (Vinalines) is scheduled to carry out its initial public offering (IPO) in August, according to the firm’s latest equitisation plan recently submitted to the Prime Minister for approval. This is the second time in three months and the third time since 2014 an equitisation plan for Vinalines has been submitted for approval. Acting Director General of Vinalines Nguyen Canh Tinh said the latest plan was built basing on the Government’s Decree 126/2017/ND-CP on transforming State-owned enterprises into joint stock companies. Accordingly, the business will sell part of its State capital while issuing shares to raise charter capital. The State will hold 65 percent of the charter capital, equivalent to 912.99 million shares, while another 14.8 percent or 207.89 million shares will be sold to investors. About 0.16 percent or 2.29 million shares and 0.04 percent will be sold at preferential prices to the firms’ … [Read more...] about Vietnam National Shipping Lines to hold IPO in August
An employee from Hong Phat gold shop on the street who wished to remain anonymous told Viet Nam News that “they [gold investors] changed a lot. They used to shop for gold whenever the prices were higher.” … [Read more...] about COVID-19 sends Vietnam’s gold price soaring to 8-yr high