50 richest women on stock market

The assets of the five richest women on the stock market alone account for 60 percent of total assets of the members on the list of 50 richest women.

VietNamNet Bridge - The assets of the five richest women on the stock market alone account for 60 percent of total assets of the members on the list of 50 richest women. The 50 businesswomen had shares worth VND20.17 trillion by December 31, 2015. The oldest one in the list was 77 years old, while the youngest was 25 years old. The first three positions in the 2015 list are the same as last year’s. Holding the shares of the largest Vietnamese real estate group worth VND4.195 trillion, Pham Thu Huong, deputy chair of Vingroup has, for the sixth time, topped the list. Huong is the only businesswoman listed among the top 3 stock millionaires. The second position also belongs to a member of Pham family – Pham Thuy Hang, deputy chair of Vingroup, with stock assets of VND2.8 trillion. Nguyen Hoang Yen, member of Masan’s Board of Directors, has been put on the third position. She is the wife of Nguyen Dang Quang, chair of the group. Yen has seen her assets decrease … [Read more...]

20 born-in-80s millionaires of Vietnam in 2015

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VietNamNet Bridge - As of December 25, the 20richest millionaires on the stock market who were born in the 80s had total assets of VND4.16 trillion (over $200 million). Some of them are spouses or brothers and sisters. Most inherited the family tradition in business and have great support from the family. They not only own stock volumes worth millions of USD but also hold important positions in companies listed on the stock market. Additionally, these entrepreneurs were well trained, mostly in economics and finance. The list of the 20 richest people who were born in the 80s:No.NameYear of birth Stock code Value(billions VND) 1 Tram Trong Ngan 1981 Sacombank (STB) 888 2 Tram Khai Hoa 1988 Sacombank (STB) 390 3 Le Thi Diu Minh 1986 Minh Phu Seafood (MPC) 385 4 Dang Hong Anh 1980 Sacomreal (SCR) 311 5 Dang Huynh Uc My 1981 SBT, BHS, NHS 306 6 Do Huu Hau 1984 Hung Huy … [Read more...]

The richest and youngest heirs in Vietnam

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VietNamNet reviews the young and richest heirs in Vietnam.The youngest heir On September 9, 2013, Mr. Huynh Uy Dung, the boss of Dai Nam Tourist Site in Binh Duong province, surprisingly declared that he would transfer assets worth trillions of VND (hundreds of million USD) to his one-year-old son, named Huynh Hang Huu. This testament was released on the first birthday of the child, the only son of Dung and his second wife, Nguyen Phuong Hang. On September 21, 2013, Hang Huu officially became the chairman of Dai Nam Joint Stock Company, with over 2,000 employees. The baby also owns a huge fortune from his father, including Lac Canh resort, Dai Nam Van Hien theme park, Di An residential - administrative area, Song Than Industrial Parks 2 and 3, totaling hundreds of million of USD. However, a short time later Dung said that the baby was not the president of Dai Nam but the owner of a charity foundation. Until the boy is 18, the foundation will be run by a 12-member council, … [Read more...]

Vietnam’s chaebols: The power of femininity at Quoc Cuong Gia Lai

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VietNamNet Bridge - Owning more than 55% of shares with a value of VND15,000 billion, the family of Mrs. Nguyen Thi Nhu Loan holds control of Quoc Cuong Gia Lai Corporation. Related news Vietnamese "chaebols": Tu Huong ‘Empire' and Nam A BankVietnam’s "chaebols": King of 'Acquisition' Tram BeVietnam’s "chaebols": The rich and mysterious family of Vingroup Quoc Cuong Gia Lai is a familiar name in the field of real estate, timber and rubber processing in Vietnam. This is also a typical example of "chaebols" in Vietnam. The company was founded in 1994 and is headquartered in Pleiku, Vietnam. It has registered business in many different fields including wood trade, hydropower, rubber and real estate. However, it has been well known to everyone as a big guy in the real estate sector. Nguyen Quoc Cuong, Deputy General Director of Quoc Cuong Gia Lai, deserves credit for making the company famous to everybody. However, the information about Cuong relates mostly to his … [Read more...]

Ambassadors of green thinking

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by Phuoc Buu Young people clean up an area near the beach in the central city of Da Nang as part of their effort to raise public awareness of environmental protection. — VNA/VNS Photo Le Lam HCM CITY — University students in HCM City who have been chosen as envoys for an international programme have developed plans to improve primary-school students' awareness about sanitation and environmental protection. Mai Tran Hanh Nguyen, a student at HCM City's Foreign Trade University, said similar programmes launched by primary schools in her home province of Phu Yen had not been effective. "There have been many painting contests or knowledge contests for primary-school students, but they had no results," Nguyen said. "Students continue to dump waste everywhere and they are not taking action to protect the environment." Nguyen was one of eight students from Viet Nam selected for the first round of an international programme, the Bayer Young Environmental Envoys, organised … [Read more...]

PM holds dialogue with Japanese businesses

Photo: VGP/Quang Hieu

VGP – PM Nguyen Xuan Phuc stressed the win-win cooperation and the ripest time for further cooperation and investment for Viet Nam and Japan at the Viet Nam-Japan high-level economic dialogue on May 26 in Mie Prefecture, Japan. The Viet Nam-Japan Extensive Strategic Partnership for Peace and Prosperity in Asia has been blossoming since it was set up, the PM said. Japan has been the largest Official Development Assistance (ODA) provider for Viet Nam and the second largest investor of Viet Nam with US$39 billion in 3,000 projects. Viet Nam is determined to establishing a transparent Government, serving people and businesses and making efforts to improve the business environment, he affirmed, adding that the nation has focused on completing the mechanisms, increasing capacity, effectiveness and competitiveness as well as restructuring the economy, accelerating administrative procedures and upgrading infrastructure. Orientation for cooperation The PM proposed orientations … [Read more...]

Obama visit will attract more US investors

US investors pay increasing attention to the local stock market. - Photo cafef.vn

The US President Obama's three-day visit to Viet Nam will boost trade and investment co-operation between the two countries. US investors have been paying increasing attention to the local stock market recently. But President Obama's visit that began on Monday raises hope of greater investment in the market. Trade co-operation between Viet Nam and the United States is undergoing positive evolution and will develop more with the Trans-Pacific Partnership Agreement (TPP), the Minister of Planning and Investment Nguyen Chi Dung told local media yesterday. Local statistics reveal the United Sates is currently the largest export market for Viet Nam. In 2015, the value of Vietnamese exports to the United States reached US$33.48 billion, accounting for 20.6 per cent of total export value, an increase of 16.9 per cent compared with 2014. As a result, Viet Nam has become the biggest exporter to the United States within ASEAN. According to experts, with TPP, the door to the US market will … [Read more...]

President Obama: no country can decide sovereign Vietnam’s fate

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(VOVworld) – US President Barack Obama delivered his remarks to approximately 2,000 people at the National Convention Center in Hanoi on Tuesday. Opening his remarks, he thanked the leaders and people of Vietnam for their warm welcome and said he had tried some of Hanoi’s delicious foods during a visit to Hanoi’s Old Quarter. Citing some old Vietnamese verses President Obama said Vietnam is an independent, sovereign nation and no other nation can impose its will on Vietnam or decide its destiny. He stressed the importance of bilateral ties, overcoming the pains of the past and looking towards a brighter future: "We continue to assist Vietnamese with disabilities, including children. We also continue to help remove agent orange/dioxin, so that Vietnam can reclaim more of their land. But also, not forget that the reconciliation between our countries was led by our veterans who once faced each other in battles. Think of Senator John McCain, who said our countries … [Read more...]

Will US financiers pour money into Vietnam after Obama’s visit?

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VietNamNet Bridge - One of the issues to be discussed during US President Obama’s visit to Vietnam on May 23-25 is the Trans Pacific Partnership Agreement (TPP). According to Vo Tri Thanh, deputy head of the Central Institute of Economic Management (CIEM), the US wants Vietnam to approve the TPP this July. The US is the country which sets the rules of the game, and since it is a powerful, it can give support to Vietnam. In TPP, Obama would ask Vietnam to be more active in legal issues related to TPP. "The TPP membership will not only bring positive impact, but will also require Vietnam to pay a price, and Vietnam has to prepare for this," Thanh said. "The US is a developed country and it will surely support Vietnam. And in reality, it has been and will support Vietnam in implementing TPP," he said. One of the issues to be discussed during US President Obama’s visit to Vietnam on May 23-25 is the Trans Pacific Partnership Agreement (TPP). According to Thanh, TPP … [Read more...]

Boosting Vietnam-US comprehensive partnership

(VOVworld)- On Monday, US President Barack Obama began a 3-day official visit to Vietnam. This is the third visit by a US President to Vietnam since the two countries normalized their ties in 1995, and Obama’s first visit. President Barack Obama begins an official visit to Vietnam On July 12, 1995, US President Bill Clinton and Vietnamese Prime Minister Vo Van Kiet announced the normalization of the Vietnam-US relationship opening a new chapter. Since then, the relationship has expanded and deepened. Great strides in 20 years of normalized ties Over the past 20 years, the relationship between Vietnam and the US has progressed in all fields, becoming more practical, effective and stable. Vietnamese Ambassador to the US Pham Quang Vinh said:"Bilateral ties have progressed in all fields. Two-way trade has soared to 45 billion USD, a 20-fold increase from 20 years ago. During President Obama’s tenure, the two countries signed a comprehensive partnership framework in 2013 … [Read more...]

US congressmen hail President Barack Obama’s visit to Vietnam

US congressmen hail President Barack Obama’s visit to Vietnam (Photo: VNA)

(VOVworld) – Senator John McCain, Chairman of the US Senate Committee on Armed Services said President Barack Obama’s visit to Vietnam shows great progress in relations between the two countries. Senator McCain said in order to ensure Vietnam plays a more important role in maintaining security and peace in Asia-Pacific region, the US needs to cooperate with Vietnam in information sharing and enhancing the ability to react in the East Sea as well as foster cooperation between the two naval forces. McCain said it was time to remove the weapons sanctions against Vietnam. Former US Congressman Eni Faleomavaega, also former Chairman of the US House of Representatives’ Foreign Affairs Subcommittee on Asia and the Pacific, issued a statement hailing President Obama’s visit. He supported the removal of weapon sanctions on Vietnam. He also voiced his support to US congress’s approval of the Trans-Pacific Partnership agreement, saying that the agreement will … [Read more...]

International conference on US President Barack Obama’s visit to Vietnam

US President Barack Obama (Photo: AFP)

(VOVworld) - The US Department of State held a press conference in Washington DC on Thursday on President Barack Obama’s official visit to Vietnam from May 23rd to 25th. The event was attended by Daniel Kritenbrink, Senior Director for Asian Affairs under the National Security Council, and Assistant Secretary Daniel Russel from the Bureau of East Asian and Pacific Affairs. The two officials said Obama’s upcoming visit to Vietnam and Japan illustrates his Asian-Pacific Rebalance strategy. The visit aims to tighten links with the US’s allies and build up partnerships with newly emerging countries in the region, including Vietnam. Russel said: "It’s the President’s first visit to Vietnam. But more important, it’s the fact that the visit signifies the substantial progress that we’ve made in the relationship. Clearly stronger bilateral relation with this dynamic country of 90 million people which is an increasingly important partner for us on … [Read more...]

More affordable housing needed in HCM City

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The real estate market in Ho Chi Minh City is on track to bounce back, but its sustainable development will only be ensured if housing demand from low-income and average-income earners is satisfied, a report from the HCM City Real Estate Association (HOREA) has said. The report, sent to the municipal People’s Committee early this week said there would be stronger investment this year in social housing and affordable commercial housing projects, as well as serviced apartments, office space and industrial properties, thanks to the anticipated liberalization of trade under the upcoming Trans Pacific Partnership agreement. According to the report, the city has a total of 1.8 million households and a population of 10 million. Many of these people need either rental or owned property, especially the 3 million who are migrants; the 200,000 government employees, particularly those working in the education and health care sectors; and the approximately 50,000 couples who are newly … [Read more...]

More affordable housing needed in HCMC

A conner of HCM City. - File Photo

The real estate market in HCM City is on track to bounce back, but its sustainable development will only be ensured if housing demand from low-income and average-income earners is satisfied, a report from the HCM City Real Estate Association has said. The report, sent to the city's People's Committee early this week said there would be stronger investment this year in social housing and affordable commercial housing projects, as well as serviced apartments, office space and industrial properties, thanks to the anticipated liberalisation of trade under the upcoming Trans Pacific Partnership agreement. According to the report, the city has a total of 1.8 million households and a population of 10 million. Many of these people need either rental or owned property, especially the 3 million who are migrants; the 200,000 government employees, particularly those working in education and health care sectors; and the approximately 50,000 couples who are newly married each year. However, the … [Read more...]

Manufacturing investment falls in City, few garment projects licensed

The city has outlined policies to limit investment in labour-intensive and large industries, including the garment and textile sector. — VNS Photo

HCM CITY — A shortage of new large garment and textile projects caused foreign direct investment in HCM City's manufacturing sector to fall this year compared to 2015, according to the HCM City Export Processing and Industrial Zones Authority (Hepza). Hepza's report pointed out that industrial parks and export processing zones in the city attracted only US$115.67 million in FDI for the first quarter of the year, a year-on-year decrease of 69.49 per cent. Projects included a $35.5 million project by Yazaki Eds Viet Nam Co Ltd in the Tan Phu Trung Industrial Park, a $30 million increase in its capital by Furukawa Automotive Parts Co Ltd, both in the automobile support industry, and a $25.6 million project by Nam Duong International Food Company (Singapore) at Hiep Phuoc Industrial Park to produce sauces and condiments. Tran Viet Ha, head of the Investment Management Department at Hepza, said that in the same period last year, IPs and EPZs attracted $379.14 million in foreign … [Read more...]

Five key issues during President Obama’s visit to Vietnam

Assistant Secretary of State for East Asian and Pacific Affairs Daniel R. Russel

Assistant Secretary of State for East Asian and Pacific Affairs Daniel R. Russel confirmed that U.S. President Barack Obama’s upcoming visit to Vietnam will focus on addressing issues related to the past, present and future at a press conference on May 10 in Hanoi. He presented five key issues will be referred during President Obama’s official visit to Viet Nam including: Firstly, the visit affirms a strong, safe, prosperous and independent Vietnam, a nation respecting human rights and international regulations, which not only brings benefits for Vietnamese but also Americans. The enhancement of Vietnam-U.S. relations is regarded as a crucial factor in expanding re-balancing policy in the region, which helps promote a roadmap to develop economics for both nations, in the context that Vietnam is a member of the Trans-Pacific Partnership Agreement. The cooperation in national defense concentrates on maintaining international peace, issues related to humanity and … [Read more...]

Five key issues during President Obama’s visit to VN

Photo: VOV

VGP - Assistant Secretary of State for East Asian and Pacific Affairs Daniel R. Russel confirmed that U.S. President Barack Obama’s upcoming visit to Viet Nam will focus on addressing issues related to the past, present and future at a press conference on May 10 in Ha Noi. He presented five key issues will be referred during President Obama’s official visit to Viet Nam including: Firstly, the visit affirms a strong, safe, prosperous and independent Viet Nam, a nation respecting human rights and international regulations, which not only brings benefits for Vietnamese but also Americans. The enhancement of Viet Nam-U.S. relations is regarded as a crucial factor in expanding re-balancing policy in the region, which helps promote a roadmap to develop economics for both nations, in the context that Viet Nam is a member of the Trans-Pacific Partnership Agreement. The cooperation in national defense concentrates on maintaining international peace, issues related to … [Read more...]

Vietnam’s shrimp exports flourishes

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The Hanoitimes - After a year of dismal exports, Vietnam`s shrimp exports in the quarter I/2016 has prospered with export value reaching US$ 619.2 million; an increase of 7.9% over the same period in 2015. Accordingly, monthly exports in the first quarter were positive growth compared to the same period in 2015. It is forecasted that the 2016 shrimp exports will reach $ 3.3 billion, up 12% compared to 2015. Viet Nam's shrimp exports to the US were on the rise in early 2016 after experiencing a drop of 38.3% in 2015, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP). So far, the US was the biggest importer of Vietnamese shrimps by occupying 24% of the market share. As of mid-April, Viet Nam earned US$176.8 million from shrimp exports to the US, representing a year-on-year growth of 25%. VASEP reported that in the U.S. market, Viet Nam's frozen sugpo prawn gain a competitive price over the product from India, Thailand, Indonesia, and Malaysia. … [Read more...]

Sausage market sees fierce competition

A worker is checking sausages before being packed at PCV company's Phú Nghĩa food processing plant located in Hà Nội's Chương Mỹ district. - Photo PCV

By Linh Anh HA NOI (Biz Hub) - Vietnamese food market is witnessing an increasingly fierce competition between the sausages manufacturers, with the participation of many famous brand names like VISSAN, Duc Viet and CPV. It is no coincidence that more and more players are involved in producing and trading sausages. The business results of Vissan Limited Company (VISSAN), well-known both domestically and internationally for its various foodstuff products such as canned and processed foods, sausages, hams and frozen meat, partly show the reason why sausages are becoming increasingly attractive to many businesses. In the first nine months of 2015 alone, profit earned by sausages reached VND306 billion, accounting for about 60 per cent of VISSAN's total profit of VND546 billion. In 2014, although revenues earned from sausages only accounted for 25.4 per cent of VISSAN's total revenue, the profit recorded by the sales of this product accounted for more than 60 per cent of the company's … [Read more...]

VN’s shrimp exports to U.S. grow in early 2016

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VGP – Viet Nam’s shrimp exports to the U.S. were on the rise in early 2016 after experiencing a drop of 38.3% in 2015, according to the Viet Nam Association of Seafood Exporters and Producers (VASEP). So far, the U.S. was the biggest importer of Vietnamese shrimps by occupying 24% of the market share. As of mid-April, Viet Nam earned US$176.8 million from shrimp exports to the U.S., representing a year-on-year growth of 25%. VASEP reported that in the U.S. market, Viet Nam’s frozen sugpo prawn gain a competitive price over the product from India, Thailand, Indonesia, and Malaysia. However, VASEP attributed high production cost for Viet Nam’s higher shrimp costs in the U.S. at around 20%. According to the association, domestic exporters are benefiting from the DOC's ninth administrative review (POR9) for anti-dumping duties on Vietnamese shrimp with an average tariff of 0.91% (a sharp decline in comparison with 6.37% in POR8) and higher demand in the … [Read more...]