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...]

No investment channel can bring positive profit: economist

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VietNamNet Bridge - The asset bubble due to massive capital inflow has brought disadvantages to Vietnam economy over the last decade, according to Dr Huynh The Du, director of the Fulbright Economics Teaching Program (FETP). Du, speaking at a recent workshop on Vietnam’s opportunities as a Trans Pacific Partnership Agreement’s member, emphasized that Vietnam has gained the second highest growth rate in the world, just after China, in the last 30 years of doi moi (renovation) in Vietnam. Some analysts commented that only in 100 years would Vietnam be able to catch up with Singapore and South Korea. However, Du thinks the analysts are too pessimistic. To have a more objective viewpoint about the Vietnam economy, one needs to see how the gap between Vietnam and the other economies have narrowed over the last 30 years. The GDP per capita of Singapore, for example, was 24 times higher than that of Vietnam’s 30 years ago. The figure is 15 times at present. The asset … [Read more...]

PM welcomes foreign investors from RoK, U.S.

Photo: VGP/Quang Hieu

VGP – PM Nguyen Xuan Phuc expected that Samsung Electronics will increase its investment and develop larger research and development centers in Viet Nam as the largest Foreign Direct Investment (FDI) business in Viet Nam. The PM made that statement at his reception for President &CEO at Samsung Electronics Shin Jong Kyun on May 4 in Ha Noi. He hailed the Samsung Electronics’ projects in Viet Nam, which have created more than 130,000 jobs and made great contribution to Viet Nam-Republic of Korea Strategic Partnership relations. The host lauded the investment of the corporation in other areas such as energy, infrastructure, harbor, science and technology and health care. Mr. Shin Jong Kyun said he hopes that the Vietnamese Government will soon have suitable strategies to take advantages of the new information technology development trend. He pledged that the corporation will strictly follow the Vietnamese regulations on investment and business as well as salary, … [Read more...]

VN engineering growth stymied

The Government should continue to encourage domestic firms to take part in automobile assembly and manufacturing, with a focus on light and medium trucks, agricultural vehicles, special purpose vehicles, passenger cars and buses of international standards with over 55 per cent local content, Long said. — VNA/VNS Photo An Hieu

HCM CITY (Biz Hub) — The Government needs to adopt comprehensive policies to develop the country's mechanical engineering industry, an industry business group has said. Dao Phan Long, deputy chairman and general secretary of the Viet Nam Association of Mechanical Industry (VAMI), said after 15 years of growth, the engineering and metallurgy industries only have a competitive edge in Viet Nam's neighbourhood in manufacturing structural steel and assembling construction machinery. The industry is capable of building large ships, transformers, electric motors, small capacity petrol engines, and agricultural machinery like grinders and harvesters of rather good quality, he said. Many domestic firms are part of the motorbike and automobile production chains, but they mainly assemble imported parts, he said. An industry insider said the mechanical engineering sector's exports topped US$15 billion in 2014, but imports were over $26.5 billion. Nguyen Van Thu, VAMI chairman, told Lao … [Read more...]

VN sausage market sees fierce competition

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The Vietnamese food market is witnessing an increasingly fierce competition between sausage 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, profits earned by sausages reached VNĐ306 billion, accounting for about 60 per cent of VISSAN's total profit of VNĐ546 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 profit. "For VISSAN, sausages … [Read more...]

Social News 2/5

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Stone-carrying lorries stir up dust, loud noise Heavy lorries carrying stones have been driving around the clock and making a terrible and dusty environment in Phú Mãn Commune, in Hà Nội's Quốc Oai District. Over recent years hundreds of households in the commune, 30km from Hà Nội's centre, have suffered from serious pollution, but local authorities have not helped them. Stone exploitation at local mines was to blame according to local residents; some enterprises have been licensed to exploit stone since 2007. Before 2007, the environment of the six villages in Phú Mãn Commune was healthy, local residents said. Things started to get worse when stone mining began. Local people's daily activities were affected as were schools and health centres by the loud lorries. The 2.7 km main road linking the commune centre with the villages was seriously damaged, causing traffic jams. Early last year, Quốc Oai District authorities invested money from the local budget to upgrade the … [Read more...]

Kerry on Vietnam War: Let’s not be ‘prisoners of history’

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A three-day summit on the American war in Vietnam concluded in Texas this week, looking back on a period in history and turning the corner on Vietnam-U.S. relations. The ‘Vietnam War Summit,’ which lasted from Tuesday to Thursday at the Lyndon Baines Johnson Presidential Library in Austin, was co-hosted by the library and the University of Texas at Austin, aiming to shed definitive light on the war, as well as its lessons and legacy. The summit was joined by U.S. Secretary of State John Kerry, former U.S. Secretary of State and former National Security Advisor Henry Kissinger, politician and antiwar activist Tom Hayden, Pulitzer Prize-winning photographer Nick Ut, and Ambassador of Vietnam to the U.S. Pham Quang Vinh, among several others. Secretary Kerry delivered his keynote speech at the summit, addressing remarkable transformation in Vietnam’s economy and its relationship with the U.S. since the war. "Twenty years ago, there were fewer than 60,000 … [Read more...]

New Minister of Industry and Trade promises to boost efficiency

Minister Tran Tuan Anh

VietNamNet Bridge – The newly-appointed Minister of Industry and Trade talks with Vietnam News Agency about his actions to improve efficiency of the ministry’s activities from 2016 to 2021, and create favourable conditions for enterprises during international integration. The people expect to have an active government from 2016 to 2021. What will the ministry do to contribute to the national socio-economic development during this period? Prime Minister Nguyen Xuan Phuc said the key tasks that Government will accord priority to stability of the macro-economy and the creation of favourable conditions for developing the nation. The Government will continue completing market regulations to create good business, production and investment environments for attracting more sources that will contribute to the national socio-economic development in the future. Therefore, this year the ministry will focus on implementing directions of the government to stabilise the … [Read more...]

TPP: opportunities and challenges for Vietnamese female entrepreneurs and workers

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(VOVworld) – A seminar on the opportunities and challenges presented by the Trans-Pacific Partnership agreement for Vietnamese female entrepreneurs and workers opened in Hanoi on Tuesday. Dinh Thi Thu Ha, Vice President of Thai Nguyen province’s Female Entrepreneurs’ Association, said: "We should equip ourselves with legal knowledge and improve the quality of our products during this time of integration. Distinctive products will ensure competitiveness and generate incomes and jobs." Nguyen Thi Thu Ha, President of the Vietnam Women’s Union, said: "We have carried out practical activities in terms of policy development, start-up training, and credit and market access to support female entrepreneurs and workers. We have helped to establish networks of female entrepreneurs and organize vocational training courses for female workers and women in rural areas." … [Read more...]

Hanoi and efforts to make full use of TPP opportunities

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(VOVworld) – With all provinces and cities nationwide, Hanoi is trying to learn the Trans-Pacific Partnership agreement. The capital city is promptly preparing measures for investment attraction to increase exports and expand markets as soon as the deal takes effect. Thanks to available advantages including qualified human resources, production materials, infrastructure, and political stability, Hanoi is ready to make the most of the TPP deal. Nguyen Duc Chung, Chairman of Hanoi’s People’s Committee, said: "Hanoi has gained many positive achievements in macro-economic management, municipal infrastructure construction, improvement of the business environment, and administrative reforms. Hanoi authorities have promised to create the best possible conditions for businesses in investment, trade, and tourism." Once the TPP comes into force, it will offer opportunities for Hanoi to attract many investment resources, especially direct investment in high quality … [Read more...]

PM welcomes US Secretary of Agriculture in Ha Noi

Prime Minister Nguyễn Xuân Phúc (right) receives US Secretary of Agriculture Thomas Vilsack. - VNA/VNS Photo Thống Nhất

Prime Minister Nguyen Xuân Phuc hosted a reception in Ha Noi yesterday for US Secretary of Agriculture Thomas Vilsack, during which he expressed his hope that the US would step up support for Viet Nam in agricultural production and climate change response. The Government leader spoke highly of the secretary's talks with Vietnamese Minister of Agriculture and Rural Development Cao Đức Phát, where they agreed to boost bilateral trade in agriculture, fishery and forestry. He told the guest that agriculture was a large part of the country's economic structure with more than half of the population involved in this field. Việt Nam wants US assistance in improving food quarantines and clean production. Phúc asked the US to allow the import of Vietnamese mangos and starfruits soon and continue supporting the export of Việt Nam's tra and basa fish to the US market. The Vietnamese Government submitted the Trans-Pacific Partnership Agreement to the National Assembly for ratification, he … [Read more...]

PM receives US Secretary of Agriculture

Photo: VGP/Quang Hieu

VGP – PM Nguyen Xuan Phuc hailed the goodwill of Secretary of the U.S. Department of Agriculture (USDA) Thomas Vilsack and the U.S. Government to accelerate cooperation with Viet Nam in response to climate change, expecting that the U.S. will help Viet Nam increase its capacity in food quarantine and clean production. PM Phuc made that statement at his reception for Secretary of the U.S. Department of Agriculture (USDA) Thomas Vilsack on April 25 in Ha Noi. The PM highlighted the talks between Mr. Thomas Vilsack and Minister of Agriculture and Rural Development Cao Duc Phat and their agreements in enhancing cooperation and trade in terms of agriculture, forestry and aquaculture. Regarding serious consequences caused by climate change, including droughts and sea-water intrusion in Viet Nam, he expected that the U.S. will provide more assistance for Viet Nam in this field. The PM suggested the U.S. Government soon license the imports of Vietnamese agricultural products and … [Read more...]

Government leader welcomes US Secretary of Agriculture

Prime Minister Nguyen Xuan Phuc (R) and US Secretary of Agriculture Thomas Vilsack.

Prime Minister Nguyen Xuan Phuc hosted a reception in Hanoi on April 25 for US Secretary of Agriculture Thomas Vilsack, during which he hoped the US would step up activities to support Vietnam in agricultural production and climate change response. The Government leader spoke highly of the outcomes of the secretary’s talks with Vietnamese Minister of Agriculture and Rural Development Cao Duc Phat, where they agreed to boost bilateral trade in agriculture, fishery and forestry. He told the guest that agriculture holds a big proportion in the country’s economic structure with more than half of the population involved in this field. As such, Vietnam wishes to receive the US’s assistance in improving food quarantine and cleaner production. PM Nguyen Xuan Phuc asked the US to license the import of Vietnamese mangos and starfruit soon, and continue supporting the export of Vietnam’s tra and basa fish to the US market. The Vietnamese Government had submitted … [Read more...]

Prime Minister Nguyen Xuan Phuc receives US Secretary of Agriculture

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(VOVworld)- On Monday, Prime Minister Nguyen Xuan Phuc received US Secretary of Agriculture Thomas Vilsack. At the reception, the Prime Minister said he hoped the US would further cooperate with Vietnam in agricultural production and climate change adaptation. Phuc said the Vietnamese government had submitted the National Assembly the Trans-Pacific Partnership Agreement for approval. He called on the US to support Vietnam in capacity building, technology, food quarantine and cleaner production. He asked the US administration to license the imports of Vietnamese mangos and star apples and review its policy to support Vietnam’s export of tra and basa fish to the US market. US Secretary of Agriculture Thomas Vilsack said the US was ready to share experience with Vietnam in coping with climate change, drought, and saline intrusion. He said the US will create conditions for Vietnam to expand its market in the US. He said the US administration is waiting for the US Congress’s … [Read more...]

Vietnamese Businesses and IPR Enforcement in the Light of TPP

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The Ministry of Science and Technology (MOST), in cooperation with the Vietnam Chamber of Commerce and Industry – VCCI and BSA | The Software Alliance, on April 20 held a business forum under the theme of "Vietnamese businesses and IPR enforcement in the Trans- Pacific Partnership Agreement" as part of a series of activities in the "One month campaign commemorating World Intellectual Property Day towards integration". Key discussions in the roundtable focus on the most important issues associated with Vietnam’s intellectual property (IP) commitments as part of TPP. The event was attended by senior officials and representatives of eight different member ministries and line agencies of the government inter-ministerial IPR Task Forces (Program 168), international organizations and business associations, local business societies and a wide variety of industrial property agencies.The business forum shared presentations and discussions on various concerns related to … [Read more...]

Business highlights – April 11-17

VGP – Positive property market, releasing of incomes by sectors, forecast booming of e-commerce, VNPT’s restructuring plan, WB’s economic growth forecast topped last week’s economic headlines. Local property market still remains positive in Q1 The positive development of the local economy was the continued growth of the domestic property market in the first quarter of this year, according to experts. The General Statistics Office reported that property trading in the first quarter gained a growth of 3.43% year-on-year, the highest recorded growth rate since 2012. The Ministry of Construction said in March, that Ha Noi had 1,200 successful transactions on the property market, and HCM City had 1,150. VCCI release incomes by sector 2014 Banking, finance and insurance employees had the highest income across all sectors in Viet Nam in 2014, with an average income of about 195 million VND (US$8,660) per year. The Viet Nam Chamber of Commerce and Industry (VCCI) … [Read more...]