VietNamNet Bridge – If it is true that VimpelCom sells its 49 percent stake in Beeline network to the Vietnamese partner Gtel at 45 million dollars, the second biggest mobile network in Russia would incur a heavy loss in the Beeline Vietnam affair. According to Reuteurs, on April 23, VimpelCom announced that it has signed an agreement on selling all the 49 percent of its stakes at Gtel Mobile – the company that provides Beeline mobile network in Vietnam. The provisions of the agreement said that the buyer would pay 45 million dollars for the stakes, in cash. After the deal is wrapped up, VimpelCom would not have any more interests, duties and responsibilities in GTel Mobile. Meanwhile, GTel would have to stop using Beeline brand six months after the day of transfer. Commenting about the affair, a manager of a mobile network in Vietnam said that 45 million dollars is really a good price for the buyer. Just having to spend 1 trillion dong, GTel would have Beeline in a … [Read more...] about How much VimpelCom lost in Beeline project?
How to make profit in share market
Cement producer awarded huge French contract Vissai Ninh Binh Group has won a contract to export 1.5 million tonnes of clinker to Ciment de Bourbon, France, for use in the construction of an expressway on Reunion Island. In accordance with the terms of the contract, the largest of its kind between France and a Vietnamese cement producer, the first batch of 115,000 tonnes of clinkers has already been shipped to the French market, said Vissai Ninh Binh Group Deputy General Director Nguyen Tien Dat. Dat said the contract lasts for five years with an average price of US$42/tonne. Rice exports to hit 6.3 million tonnes in 2014 The Vietnam Food Association (VFA) has forecast that the country’s rice exports are likely to reach 6.3 million tonnes this year. The association also predicted rice exports of 1.9 million tonnes and 1.4 million tonnes in the third and fourth quarters of 2014, respectively. Vietnam shipped over 3.6 million tonnes of rice in the first seven months of 2014, … [Read more...] about BUSINESS IN BRIEF 12/8
They are senior executives at multinational companies. They have wide experience in building an organization or a team with a strong desire to win. The winning culture is an important foundation for talented people to get accelerated in their career. For many business leaders, one of the most read books about leadership is Dr Shelly Leanne’s "Leadership the Barack Obama Way", first published in the United States in 2010. This 400-page book has three parts, two of which discuss how to build a winning culture – a critical foundation to make a lively President of the United States during 8 years. The author wrote that one of Barack Obama’s keys to success is his ability to encourage and inspire the young people and to build a strong team to work together with him. Nowadays, building a winning team is no longer an unfamiliar term in the development strategy of multinational companies and it has become the guiding principle for talents with an ambition to grow and develop … [Read more...] about How to build a winning culture?
Vietnam, Russia sign oil, gas exploration deal Vietnam and Russia have signed a Memorandum of Understanding (MoU) on the possibility of cooperating in a joint seismic research at Lots 125 and 126 in the Phu Khanh basin in Vietnam’s continental shelf. The MoU was inked by General Director of the Vietnam National Oil and Gas Group (PetroVietnam) Do Van Hau and General Director of Russia’s Zarubezhneft Oil Company Alexander Kudasov in Moscow on June 16 on the sidelines of the 21st World Petroleum Conference. The June 15-19 conference is drawing the participation of about 4,000 delegates, including 30 ministers and 400 CEOs and heads of industrial organisations from 80 countries. The Vietnamese delegation is led by Minister of Industry and Trade Vu Huy Hoang. Following the signing ceremony, the Vietnamese officials had a working session with Zarubezhneft Company General Director Alexander Kudasov, and visited a PetroVietnam pavilion at the 21st World Oil Exhibition. PM … [Read more...] about BUSINESS IN BRIEF 18/6
VINACAFÉ – Not to be Proud of Market Share With more than 50% of instant coffee market share & exporting to over 20 countries in the world, it is likely to say that Vinacafe is affirming its strong position in the Vietnamese instant coffee market. This is an important and admirable achievement. However, the way made by Vinacafé in the past time partly shows that market share is not the top target of the company but quality and sense of pioneer in protecting customers’ interests. In the past two years, the coffee processing market, especially instant coffee, in Vietnam has been growing remarkably. In a short time, there are many new brands appearing in the market, amongst, Vinamilk returned to the market with roasted and instant coffee product named Vinamilk replacing for former Moment brand. Tan Hiep Phat launched Vip canned coffee product, and other companies including Tien Thanh Company with Rock coffee brand, Tran Quang Company with Ice coffee and … [Read more...] about VINACAFÉ – Not to be Proud of Market Share