State stakes in Sabeco, Habeco proposed for sale Tu Hoang By Tu Hoang - The Saigon Times Daily HANOI - The Vietnam Association of Financial Investors (VAFI) has proposed the Ministry of Industry and Trade sell the entire State stakes in Saigon Beer-Alcohol-Beverage Corporation (Sabeco) and Hanoi Alcohol Beer and Beverage Company (Habeco) to raise funds for several key infrastructure projects. The ministry, which currently manages a 90% stake in Sabeco and an 82% stake in Habeco, can collect over US$3 billion if it offloads all the stakes on the stock exchanges, according to the association. VAFI petitioned the ministry to seek the Government’s approval to withdraw all capital from the two businesses via share auctions on the stock exchanges. VAFI proposed the ministry not allow put-through deals to avoid negative influence and create opportunities for big investors to participate in those auctions. The Government’s policy to divest State stakes in profit-making … [Read more...] about State stakes in Sabeco, Habeco proposed for sale
Cleaning business for sale
One of the 17 main activities of the Danang Tourism and Culture Festival 2004 is the Danang Technological Equipment, Tourism and Export Goods Fair 2004. Organised by the Danang Department of Trade, the Vietnamese Trade Fair, the Vietnam National Trade Fair and Advertising Company (Vinexad), the Danang Tourism Promotion Center and the Municipal Technology and Scientific Information Center, the fair will be held over six days from July 30 to August 4 at the March 29th Park. Participatiing are 128 units and enterprises with 285 stalls, including 44 stalls from Danang. In addition to garments, footwear, foodstuffs, pharmaceutical products and household commodities, 'clean' products such as automobiles run on alcohol and gas and gas powered buses of the Danang New Energy Research Center and the Environmenal Protection and Research Center of Danang University will be on sale . More than 50 new software solutions will be presented. A conference on "Electronic Trade - Opportunities and … [Read more...] about Danang Technological Equipment, Tourism and Export Goods Fair 2004: Many ‘clean’ products on sale for the first time
Men catch fish at a lake inside Bien Hoa Airbase which is highly contaminated with dioxin in southern Vietnam on November 29, 2015. Photo: Tieu Thien A group of 20 men sneak into an airbase in the southern province of Dong Nai. They climb up a tree, jump over a fence and start to catch fish from the lakes inside Bien Hoa Airbase. After around seven hours, they leave with more than a hundred kilograms of fish. Then they drive their motorbikes for around an hour and stop on a sidewalk to sell the fish. Their buyers never know that the fish have been caught illegally, from lakes heavily contaminated by extremely dangerous chemicals. The airbase, which is around 30 kilometers from Ho Chi Minh City, is one of the sites with the severest and longest lasting dioxin pollution in the world. During the Vietnam War, the US stored a huge amount of toxic compounds including Agent Orange, Agent White, and Agent Blue there to use as defoliants and clear the forests to attack Vietnamese … [Read more...] about Vietnamese ignore health risks, catch fish from dioxin-polluted lakes for sale
Shops, supermarkets to remain open during Tet As many as 104 shops and supermarkets will remain open during Tet (Vietnamese Lunar New Year).Big C supermarket chain has announced that it would increase its operating hours at stores nationwide from Monday to Wednesday this week to meet the increasing shopping demand for the holiday season. Its supermarkets will remain open from 6am to midnight instead of the current 7am to 11pm.According to Big C, the purchasing power of people has surged, with more demand for food, confectionery and fruits. In fact, the purchasing power has seen the highest rise so far, putting load on its chains, Big C said.The purchasing power is expected to increase in the last three days of the lunar year, which is why Big C decided to increase its operating hours.Co.opXtra supermarket in HCM City will also increase its operating time from 6am to midnight. It will remain shut only on the first day of the Lunar New Year, which falls on February … [Read more...] about BUSINESS IN BRIEF 13/2
Farmers in Luc Ngan district of Bac Giang province these days are busy working at their litchi orchards, picking up leaves of litchi trees for sale. Meanwhile, they have been warned that if too many leaves are cut, litchi trees will not be able to bloom, which will lead to a crop failure. Farmers in Luc Ngan district of Bac Giang province, the "litchi metropolis" have been told to collect litchi tree leaves and sell to businessmen who will then export the leaves. The businessmen, who order litchi leaves, have promised to pay farmers high prices for the leaves. Therefore, the farmers have been rushing to collect leaves for sale, ignoring the warnings about the possible crop failure. The house of Nguyen Dang Dao in Tan Quang Commune of Luc Ngan district has always been full of people for one month. A lot of local farmers come there every day to sell dry litchi leaves they collect from their orchards. Dao said that he has collected nearly 100 tons of leaves. According to Dao, a … [Read more...] about Businessmen rushing to collect leaves of litchis trees, what’s for?