* Plenary session Before joining the plenary session of the Viet Nam Private Sector Economic Forum, Prime Minister Nguyen Xuan Phuc (5th from left) cuts ribbon to inaugurate the exhibition on achievements of the private sector at the National Convention Center in Ha Noi on May 2, 2019. Photo: VGP The plenary session of the Viet Nam Private Sector Economic Forum began this afternoon with the participation of Prime Minister Nguyen Xuan Phuc, Head of the CPVCC Economic Commission Nguyen Van Binh and other politburo members. Prime Minister Nguyen Xuan Phuc addresses the plenary session of the Viet Nam Private Sector Economic Forum at the National Convention Center in Ha Noi. Photo: VGP Addressing the plenary session, Prime Minister Phuc affirmed that Viet Nam has gained numerous achievements after more than three decades of reform. 2018 was the 4th consecutive year witnessing the unprecedented number of newly established enterprises. Now the private sector accounts … [Read more...] about Viet Nam Private Sector Economic Forum
Vu truong viet nam
Nam Truong scores to earn Hanoi FC national U19 title
With a high-quality lineup, Hanoi FC promptly set the pace of the game right from the start and produced many dangerous opportunities in the penalty box of the home side. The guests only needed 18 minutes to find the back of the net, as Nguyen Nam Truong took a through ball from his teammate before beating Gia Lai goalkeeper Nguyen Van Hiep to put his team in front. For the remainder of the first half, Hanoi FC played with solid defence and prevented the Gia Lai team from creating any clear-cut chances. Manager Vu Hong Viet’s side even came close to doubling their advantage with a header Van Thang fired at the crossbar. Hanoi players celebrate scoring their opening goal. Hoang Anh Gia Lai intensified their offensive pressure after the break seeking to equalise the score. Their most dangerous show came in the 57th minute, with Cao Hoang Tu driving a header narrowly wide to the regrets of local fans. Despite their concerted efforts, manager Guillaume Graechen’s side could not … [Read more...] about Nam Truong scores to earn Hanoi FC national U19 title
BUSINESS NEWS IN BRIEF 18/12
Yeah1 plans to issue shares to raise charter capital Multi-channel media group Yeah1 has announced a plan to issue nearly 62.56 million bonus shares at the rate of 200 per cent in 2019. Each shareholder will receive two new shares for every share he or she already owns. Bonus shares will be available to trade on the stock market after the issuance date. The share issuance will help Yeah1 triple its charter capital to VND938 billion (US$41.2 million) from its current VND312 billion. The value of the deal is nearly VND625.6 billion and the share issuance funding is taken from the company’s share premium recorded in its audited financial report for 2018. As of September 30, Yeah1 had VND1.13 trillion in its share premium and VND73 billion in undistributed post-tax profit. In the first nine months of the year, Yeah1 recorded VND1.03 trillion in revenue, up 111 per cent over the same period last year, and VND131.2 billion in post-tax profit, up 239 per cent. Yeah1 … [Read more...] about BUSINESS NEWS IN BRIEF 18/12
BUSINESS NEWS IN BRIEF 15/12
Firms should seek to grow stronger in global economy: experts Vietnamese businesses need to urgently adapt their management methods and bravely step out into the world in order to survive and develop in the context of global integration, said experts at a workshop held Ho Chi Minh City on December 13. Vu Thi Thuan, Chairwoman of Traphaco JSC, said Vietnam is going through an extensive and intensive integration process by engaging in groups such as the Asia-Pacific Economic Cooperation (APEC) Forum, the Association of Southeast Asian Nations (ASEAN), the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), and the EU-Vietnam Free Trade Agreement (EVFTA). This allows businesses to expand their markets but also presents a lot of challenges and competition, she said, adding that the development of technology and artificial intelligence requires enterprises to map out sustainable development strategies. Businesses should make plans to maintain comprehensive … [Read more...] about BUSINESS NEWS IN BRIEF 15/12
BUSINESS NEWS IN BRIEF 14/12
ADB provides US$300m loan to BIDV to support SMEs in Viet Nam The Asian Development Bank (ADB) and Joint Stock Commercial Bank for Investment and Development of Viet Nam (BIDV) signed a US$300 million loan agreement on Wednesday to support the growth and productivity of small and medium-sized enterprises (SMEs) in Viet Nam. “The agreement includes a $200 million loan provided by ADB and a $100 million loan arranged by ADB from 12 commercial lenders,” BIDV Chairman Phan Duc Tu said at the signing ceremony. “This is the biggest commercial loan ADB has provided to an Asian commercial bank so far, affirming the development finance institution’s positive evaluation of Viet Nam’s stability and economic growth as well as its trust in Viet Nam’s banking operations in general and BIDV in particular.” He said the loan would support SMEs in Viet Nam and reaffirm their partnership with ADB in achieving poverty reduction, economic … [Read more...] about BUSINESS NEWS IN BRIEF 14/12