In 2009, when the VN Index soared from 324 points to the year's peak of 630 points, the richest stock billionaire had total assets worth over VND9 trillion. But now, one needs to have much more to be listed among the top billionaires. KBC price hovers around VND14,950 per share. With 75 million KBC in hands, Tam now ranks 53rd on the list of top billionaires. … [Read more...] about How much is needed to be listed among the top stock billionaires in Vietnam?
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HCM CITY — The chairman of the municipal People’s Committee Nguyễn Thành Phong has asked agencies to improve production of major industries and diversify tourism products, as well as speed up the capital disbursement rate of public investment projects in the city. … [Read more...] about City aims to improve production of major industries
Hanoi (VNA) – The Vietnam National Shipping Lines (Vinalines) is scheduled to carry out its initial public offering (IPO) in August, according to the firm’s latest equitisation plan recently submitted to the Prime Minister for approval. This is the second time in three months and the third time since 2014 an equitisation plan for Vinalines has been submitted for approval. Acting Director General of Vinalines Nguyen Canh Tinh said the latest plan was built basing on the Government’s Decree 126/2017/ND-CP on transforming State-owned enterprises into joint stock companies. Accordingly, the business will sell part of its State capital while issuing shares to raise charter capital. The State will hold 65 percent of the charter capital, equivalent to 912.99 million shares, while another 14.8 percent or 207.89 million shares will be sold to investors. About 0.16 percent or 2.29 million shares and 0.04 percent will be sold at preferential prices to the firms’ … [Read more...] about Vietnam National Shipping Lines to hold IPO in August
This ministry must also submit to the PM plans on developing the processing industry for vegetables, fruits, seafood, timber and wood products. Those plans would help Việt Nam become one of the five leading producers of those products globally, he said. … [Read more...] about Việt Nam will promote agricultural mechanisation: PM
Korean visitors made up the largest proportion, with more than one million tourists, 54 per cent of total foreign tourists visiting Đà Nẵng. China was second with 500,000 tourists – 26 per cent of total international tourists in the city, followed by Thailand and Japan. … [Read more...] about Central city cancels Fireworks Festival due to coronavirus fears