Vietnam’s state-owned enterprises will continue to sell shares to foreign investors over the next year, with regulations being improved to facilitate cross-border deals. Before attending the financial investment promotion forum in London, Nguyen Duc Chi, chairman of State Capital Investment Corporation (SCIC), shared with VIR’s Phong Lan some of the upcoming sales. Nguyen Duc Chi What opportunities do you bring to Europe this time, through the forum in the UK? Based on plans approved by the prime minister, SCIC is scheduled to equitise five state-owned enterprises (SOEs) and divest from 132 others by 2020. In past years, SCIC has carried out a number of high-profile transactions that attracted both foreign and domestic investors. For example, the two stake sales of Vinamilk in 2016 have raised $800 million for the state budget, in exchange for 8.73 per cent of Vinamilk’ stake. We also sold 29.49 per cent of Binh Minh Plastics’ stake for $100 million, … [Read more...] about Encouraging long term foreign interest in SOEs
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The Hanoitimes - The center’s experts said that as May is still the transition period, there is a dispute between hot and cold wave, so extreme weather may occur such as tornadoes, hail and strong wind in the thunderstorm. Scorching heat to attack Hanoi tomorrow The blazing hot temperatures in Hanoi city, as well as Vietnam’s northwest and central region may last until May 20, according to the National Center for Hydro-Meteorological Forecasting (NCHMF). The current heat wave scorches Hanoi since early morning, with the highest temperature of 35-37 degrees Celsius, it even is expected to surge to 39 degrees Celsius tomorrow. Hot weather will continue to take place in Hanoi in May. Photo: Cong Hung The NCHMF said that Foehn wind, caused by impact of the southeastern edge of the western hot low-pressure area, is developing and causing hot weather across the northern region, with temperatures ranging from 36 to 39 degrees Celsius, and even 40 in some … [Read more...] about How long is scorching heat in Hanoi lasting?
The programme aims to empower participants to shape the future of the textile-garment, footwear and other export industries. (Photo: VNA) HCM City (VNA) – A training programme on how to create better work in businesses is being held in Ho Chi Minh City on March 19-20 for leaders of trade union organisations in southern localities. Better Work - a partnership programme of the International Labour Organization (ILO) and the International Finance Corporation (IFC) – focuses on activities to promote occupational health and safety, and effective social dialogues. The programme aims to empower participants to shape the future of the textile-garment, footwear and other export industries. It will provide basic knowledge about the global supply chain and how to manage social responsibility issues as well as experience in promoting dialogues between employers and employees. It also develops skills for workers, reform working conditions, and harmonise relations between business … [Read more...] about Trade union organisations trained to create better work in businesses
Brian SpenceViet Nam News Brian Spence* Congratulations! You’re ready to start investing. It might seem like a small step, but years from now you’ll look back and realise how meaningful this moment was to your financial future. This could be the defining decision that helped you achieve your financial dreams. However, dipping your toe into the waters of investing can seem a little daunting at first. Questions of which stocks to buy, how to manage risk and when to sell are likely to be at the front of your mind. But help is at hand. Here, I’ll walk you through the main decision-making processes. When and how do I buy my first stocks? Over the long term, stocks outperform any other asset class, so deciding to invest in the markets is undoubtedly a good decision. But don’t run out and buy stocks straight away – no matter what “hot tip” has come your way. Before selecting your first investment, you must complete the following financial steps. … [Read more...] about How to pop your cherry in Việt Nam’s stock market
The Hanoitimes - Ho Chi Minh City, better known as Saigon, is home to 13 million people and about 8 million motorbikes. HCM City among must-see destinations on a world cruise HCM City among world’s most exotic destinations to kick-off 2019 travels 10 reasons to visit Ho Chi Minh City Christine Sarkis, a senior editor from Smarter Travel and participant in the Amazon Services LLC Associates Program, has written the story and taught holidaymakers how to cross the street in Ho Chi Minh City traffic. Foreigner teaches how to cross the street in Ho Chi Minh City traffic. The writer advises travelers that to be a pedestrian in Ho Chi Minh City is to discover both the strength and weakness of this city. Sights in the downtown: the beautiful Central Post Office, the lively Saigon Opera House, and the bustling Ben Thanh Market among them are within easy walking distance of each other. But to walk from one to another, you’re going to have to cross some daunting … [Read more...] about Foreigner instructs how to cross the street in Ho Chi Minh City traffic