In a recent report, Pyn Elite Fund said “an ownership tussle in the company opened a window of opportunity for our sell-out”. With about 3.6 million euro (US$4 million) in cash from the deal, the fund said it booked a slight loss from the deal. … [Read more...] about Savico appoints new management board amid foreign divestment
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More than 1,500 youth union members joining hands in cleaning up the sea environment These activities aim to raise troops’, youth union members’, and local people's awareness of the ocean's significant role in human life, thus calling on the community to join hands to protect the marine environment through practical deeds and support disadvantaged fishermen. … [Read more...] about “Clean up the sea” campaign launched in Quang Tri
Sub-area 1219 in Krong Bong District, home of ancient fokienia trees, has suffered tree massacres for years. In the latest case, 19 fokienia trees were found chopped into pieces, pulled down to a nearby valley to be brought out of the forest this April. All of the trees belonged to the protection forest. … [Read more...] about Deforestation continues to rage in Vietnam
The onset and offset of the global health crisis containment measures like lockdowns, social distancing, international air travel bans, and limiting freight transport are being enacted based on contagion rates of individual ASEAN countries and their capacity of healthcare infrastructure. The announced unemployment subsidies vary from country to country depending upon their fiscal space, while migrant labourers from heavily-infected countries are banned from travelling. … [Read more...] about From containment to recovery: rescuing the ASEAN from crisis
Saebel: Local tourism can certainly offer a certain supply of customers; however, with the massive hotel expansion which we have experienced over the last few years, it is impossible to fill rooms in a profitable way. We certainly see reluctance in F&B sectors, with once crowded restaurants currently sparsely occupied. During times of emergency, people tend to lean toward frugality and the luxury of a hotel stay becomes an unnecessary expense. … [Read more...] about How should Vietnam prepare for post-pandemic tourism recovery?