Talk Around Town Find a diamond in the rough on the ‘net by Dieu Thuy In today’s modern world, everything can be posted on the internet, and second-hand relics, the cast-offs of the web, are no exception. When the phrase ‘second hand’ is mentioned, some imagine baskets filled with junk, which is the case with most things advertised on the internet. But sometimes, there are diamonds in the rough. The possibility of scoring something valuable has inspired a new breed on online bargain hunters in Viet Nam, many of whom scour for bargains. The site’s webmaster, who refuses to reveal his name to the media, is amazed at how popular it has become. "I opened this website with only one purpose: to bring together people who share the same interest in second-hand goods as me." While the net is brimming with junk that has been castaway – like clothes, slippers, torn books and empty beer cans – the brains behind the saigonvechai has found some great … [Read more...] about Find a diamond in the rough on the ‘net
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“East European group” and the power in banking, real estate, instant noodle
VietNamNet Bridge – “East European group” refers to the group of Vietnamese businessmen starting up in East European countries and developing their business in Vietnam. They have been succeeding in different business fields, from banking, aviation to tourism and consumer goods. Vietnam in recent years has been witnessing the increased presence of the Vietnamese businessmen returning from East European countries after they studied and got successes there. 2013 is really an auspicious year for them. The first Vietnamese billionaire In 2013, for the first time in history, the name of a Vietnamese was added onto the list of the world’s billionaires. Pham Nhat Vuong, President of Vingroup, who, with the total assets of $1.5 billion, has been recognized as the 974th richest man in the world. The 46-year-old billionaire is the founder of Vingroup, the leading group in real estate, retail and healthcare sectors. He once followed the university education in Moscow … [Read more...] about “East European group” and the power in banking, real estate, instant noodle
BUSINESS IN BRIEF 20/3
Vietnam, Indonesia explore trade, tourism potential Vietnam and Indonesia have plenty of opportunity for cooperation in food and energy security and oil and gas exploration. At a joint business forum in Ho Chi Minh City on June 13-14, Vu Tien Loc, Chairman of the Vietnam Chamber of Commerce and Industry (VCCI), said Vietnamese and Indonesian businesses involved in the seafood processing sector should work closer together in supply activities. Indonesian businesses can also invest in rubber production for support industry in Vietnam, Loc added. He cited tourism industry as another promising sector as more than 74,000 Indonesian visitors came to Vietnam last year. Indonesian Ambassador Mayerfas said many Indonesian businesses have penetrated the Vietnamese market over the past two years. By the end of last year, PT Semen bought 70 percent of shares from Vietnam’s Thang Long Cement Company and PT Madiri Bank opened a branch office the country. Last April PT Nikko Securities spent … [Read more...] about BUSINESS IN BRIEF 20/3
BUSINESS IN BRIEF 15/3
New bond trading system launches The second version of the Government bond trading system was introduced by the Ha Noi Stock Exchange last week and will be used for the first time next Monday when Circular 234/2012/TT-BTC takes effect. The system was upgraded in response to provisions in the circular concerning risk management and repurchase agreement (repo) trading. A repo agreement occurs when the selling party agrees to repurchase bonds in the future. The new version integrates bond and treasury bill trading, information systems and a yield curve. "The Government bond market has actively contributed to investment resources of both the State budget and financial institutions this past year," said Deputy Minister of Finance Tran Xuan Ha. In addition, Ha said, the liquidity of the market improved significantly –boosting capital turnover and creating conditions for short-term capital to develop into long-term funding, which would help the domestic economy. The deputy … [Read more...] about BUSINESS IN BRIEF 15/3
Vietnamese stars in the sky of science world
VietNamNet Bridge - Many Vietnamese became stars in the sky of the science world when they were honored in 2012.Professor Trinh Xuan Thuan Professor Trinh Xuan Thuan was born in 1948, in Hanoi. He is a world-renowned expert in astronomy outside the galaxy. He discovered the youngest known galaxy in the universe today. In 2012, he had more success when he won the Louis Pauwels Award for the work Le Cosmos et Le Lotus (Quantum and Lotus). In June 2012, he became the first Vietnamese who won the literary award Cino del Duca of the Institute of France for the works presenting the complex and subtle view of a scientist and a believer in universe and man's place in the universe.Dr. Tara Van Toai The US Department of Agriculture’s website in August 2012 posted an article by Don Comis on the success of Vietnamese scientist Tara Van Toai, in seeking soybean genetic resources that are subject to flooding and disease resistance for U.S. According Dr. Tara Van Toai, the soybean varieties … [Read more...] about Vietnamese stars in the sky of science world