At Phu Quoc international airport (Source: VNA) Hanoi (VNA) – The 14th National Assembly (NA) has discussed the extension of the implementation of Resolution No.30/2016/QH14, on the piloted issuance of e-visas for foreigners entering Vietnam, during their ongoing sixth session in Hanoi on November 5. The NA Standing Committee agreed with the suggestion to extend the scheme for two more years, starting from February 1, 2019. It also asked the Government to promptly prepare the draft Law on the Entry, Exit, Transit, and Residence of Foreigners in Vietnam for submission to the legislature. Minister of Public Security, General To Lam said the Government has decided to experiment with granting e-visas to citizens from 46 countries worldwide, enabling them to enter Vietnam through one of 28 international border gates around the country. The issuance of the resolution is a sound policy, making positive contributions to global integration, he said. … [Read more...] about NA discusses extending pilot e-visa issuance to foreigners
NA Vice Chairman Do Ba Ty speaks at the session on October 16 (Photo: quochoi.vn) Hanoi (VNA) – The National Assembly (NA) Standing Committee decided on October 16 to extend the pilot e-visa programme for foreign visitors to Vietnam by another two years. On November 22, 2016, the NA issued Resolution No.30/2016/QH14 on the pilot programme, which was scheduled to last until February 1, 2019. According to a report at the 28th sitting of the NA Standing Committee, between February 2017 and August 31, 2018, Vietnam approved 298,113 e-visas for foreigners, of which 298,507 were self-submitted and 8,606 done by sponsoring organisations. As of August 31, there had been 241,875 e-visa holders entering Vietnam. Presenting the Government’s report on the implementation of the pilot programme, Deputy Minister of Public Security Le Quy Vuong said the outcomes showed that the policy has contributed to attracting foreigners to Vietnam for tourism and investment, forming a driving … [Read more...] about Lawmakers approve continued pilot e-visa issuance for foreigners
Standard Chartered arranges bond issuance for Hoan MyBy Le Hoang Surgery is performed at Tam Tri Dong Thap General Hospital in the Mekong Delta, one of the hospitals run by Hoan My Medical Corporation – PHOTO: COURTESY OF TAM TRI HCMC - Standard Chartered Bank (Vietnam) Limited (SCB Vietnam) on October 8 announced it has arranged for Hoan My Medical Corporation to issue VND2.33 trillion dual-tranche fixed rate bonds. The issuance was guaranteed by Credit Guarantee and Investment Facility (CGIF), a trust fund of the Asian Development Bank, rated AA internationally by S&P. Hoan My is the leading and largest private hospital network in Vietnam based on the number of hospitals and operating beds. With 14 hospitals and six clinics, Hoan My serves more than three million patients annually, providing high-quality healthcare to the people. SCB Vietnam’s expertise in local currency bond origination in Vietnam has enabled Hoan My to achieve its objectives of a … [Read more...] about Standard Chartered arranges bond issuance for Hoan My
DNP, VRC, and HKB were all very active on the M&A scene, but with what results? DNP: Continuously engaging into M&As of water and plastic sector companies Dong Nai Plastic JSC (ticker DNP) is one of the businesses most active on the M&A scene in the past years. Within four years, its charter capital increased 25-fold from VND34 billion to VND880 billion, through three stock issuances to existing shareholders, two private placements, and one stock distribution to the company’s employees under the employee stock option plan (ESOP), besides several rounds of dividend and bonus payments in the form of stocks. Amid rapid capital hikes in the past four years, DNP has been actively engaged in a string of M&A deals with businesses in the water and plastics fields. By the end of June 2018, besides its Dong Nai Plastic Plant, the company possesses two other businesses, Tan Phu Plastic where it holds a 72.65 per cent stake and Dong Nai Mien Trung Plastic where it holds … [Read more...] about Where has the money gone after landmark stock issuances?
VietNamNet Bridge - Big changes can be seen in the corporate bond market, from issuers and issuance strategies to buyers. Some large real estate firms successfully issued corporate bonds In the past, issuing corporate bonds was done justly by large corporations. Big changes can be seen in the corporate bond market, from issuers and issuance strategies to buyers. The 5-year bond is US dollar denominated, convertible into ordinary shares with the initial price of VND74,750 per share, or 15 percent higher than the reference price on the day of issuance. The bond has the interest rate of 5.5 percent per annum and payments are made every six months. RELATED NEWS Bond market gets a promising start To raise funds, large corporations prefer bonds to bank loans Mai Thanh … [Read more...] about Corporate bond issuance market sees significant changes