Concern under companies act 2013

PM Pham Minh Chinh (R) meets with CEO of Warburg Pincus Charles Kaye in New York on May 15. (Photo: VNA) Hanoi (VNA) – Prime Minister Pham Minh Chinh received executives of Warburg Pincus and Glenfarne Group in New York on May 15, part of his working visit to the US and the UN. Meeting with CEO of Warburg Pincus Charles Kaye, PM Chinh noted that in the time ahead, it is necessary to improve the effectiveness of funding and focus on the key areas that can boost other fields. He stressed Vietnam is investing efforts in developing strategic infrastructure, including digital and transport infrastructure, digital transformation, climate change fight, the capital market, and digital transition, calling on the private equity firm to promote sources of investment into Vietnam in these areas. Clarifying the issues of Warburg Pincus’s concern like the cooperation capability of Vietnamese companies, macro-economic stability, infrastructure, and logistics, the PM affirmed … [Read more...] about Vietnamese PM receives leaders of US companies in New York

Illustrative photo Billions of shares According to statistics, banks added about eight billion shares to the market by paying dividends in 2021. If one includes private placement and offering to existing shareholders, the number of newly issued bank shares on the market is about ten billion shares. The fact that banks have rushed to put billions of shares into circulation has caused banks to face a downward pressure, especially when the stock market is adjusting sharply after the impact of strict social distancing during the Covid-19 pandemic in the third quarter of 2021. In the second half of 2021, many bank stocks plunged sharply after closing the right to pay dividends for the year. Typically, Vietnam International Commercial Joint Stock Bank (VIB Bank) lost nearly 27% of its value after four months of paying dividends. Similarly, VietinBank also decreased value by about 25% after three months of closing the right to pay more than 30% dividend in shares. The trend of … [Read more...] about Shareholders concerned about bank stocks

Meeting with CEO of Warburg Pincus Charles Kaye, PM Chinh noted that in the time ahead, it is necessary to improve the effectiveness of funding and focus on the key areas that can boost other fields. He stressed Vietnam is investing efforts in developing strategic infrastructure, including digital and transport infrastructure, digital transformation, climate change fight, the capital market, and digital transition, calling on the private equity firm to promote sources of investment into Vietnam in these areas. Clarifying the issues of Warburg Pincus’s concern like the cooperation capability of Vietnamese companies, macro-economic stability, infrastructure, and logistics, the PM affirmed that the Vietnamese Government is ready to hold dialogue with enterprises so as to field their questions and help them operate successfully in the country, which shows the mutual trust, sincerity, sense of responsibility, and win-win cooperation. He also asked enterprises, including Warburg … [Read more...] about Vietnamese PM receives leaders of U.S. companies in New York

Vegetarian food Smiling Mushroom's customers are urban, high-income consumers, 85 percent of them women. The company has launched distinctive products, such as plant-based meat and food made from mushroom protein, targeting 20-55 vegetarians and dieters concerned about their health and the environment. Emmay’s distribution strategy is both B2B and B2C, via both online and offline channels. So far, the company has established 230 retail points, seven distributors and compiled 800 end-consumers data. A product of the Emmay and Colleagues JSC Its products are currently distributed at big supermarkets, such as Aeon Mall, Saigon Coop or BigC, and at about 200 clean food outlets. Eighty percent of the company’s revenue is derived from wholesale distributors and supermarkets. According to Smiling Mushroom CEO, the brand is still in the early stages of food substitutes for animal meat, making it 50 to 70 percent more expensive than animal meat. For example, a 200-gram bag … [Read more...] about Startup sales mushroom as they adapt to ensure survival

Coolmate CEO Pham Chi Nhu Before founding Coolmate, CEO Pham Chi Nhu held down many jobs from retailing cosmetics to selling online on e-commerce platforms. Nhu realized that customers look at not only the brand but also the price in comparison with quality, customer service and seller commitment. Coolmate was established with the goal of building a completely new shopping model, offering a shopping solution for male customers ensuring quality, goods prices, fast delivery and customer care. Nhu said that when it comes to stocking up on wardrobe essentials, such as shirts, pants, socks and underwear, male shoppers prefer to buy in bulk for the sake of convenience. Coolmate receives investment from STIC Investments Coolmate has also implemented corporate social responsibility by non-plastic packaging, cleaning returned products, and accompanying sponsors in environmental protection programs. Labeled “Proudly made in Vietnam”, Coolmate’s apparel is all … [Read more...] about Coolmate provides shopping solution for male customers

He first goes out for a five-kilometer jog, returns home to work for an hour or two and then has some spare time before resuming work in the afternoon. Though his days are productive, for the 30-year-old software engineer in HCMC, working remotely for U.S.-based software company Acumatica gives him much greater flexibility than a traditional office job. As more and more global companies look to developing economies for skilled English-proficient workers at relatively lower salaries, in Vietnam, many young people like Dang are embracing the opportunity to acquire a whole new working experience. "The only difficulty is the different time zones," Dang, who has been working for Acumatica for four years as a regional product engineer, says. Every day, after meeting online with the North American team at 5 a.m, Dang also meets his colleagues in Singapore, Malaysia and the Philippines at 7 a.m. and in India and Sri Lanka at 5 p.m. Huynh Minh Dang during a business trip to … [Read more...] about Working remotely for foreign employers opens up dynamic lifestyle

The stock authorities would provide information on the proprietary trading of securities companies for each ticker. The Ho Chi Minh City Stock Exchange (HoSE) started releasing information on proprietary trading on May 17, with the Hanoi Stock Exchange (HNX) to follow before May 23. Investor at a securities company in Hanoi. Photo: The Hanoi Times Acting Chairwoman of HoSE Nguyen Thi Viet Ha told local media, noting the stock exchange would provide information on transaction activities for each ticker. Meanwhile, the HNX’s representative said the disclosure of information on proprietary trading would start before May 23 as instructed by the State Securities Commission of Vietnam (SSC), due to the time required for technical preparation. In March, the HoSE announced it would stop providing information on proprietary trading of securities companies from March 1, seen as one of the first signs of the investment trend in the stock market. Proprietary trading … [Read more...] about HoSE releases information on proprietary trading

The capital market, digitalization, energy transition, climate change, and strategic infrastructure are key potential fields for Warburg Pincus to focus on in Vietnam. Vietnam’s business environment and macroeconomic conditions have become more stable and favorable for foreign investors, said CEO of global private equity firm Warburg Pincus Charles Kaye at a meeting with Prime Minister Pham Minh Chinh on May 15. Prime Minister Pham Minh Chinh and CEO of global private equity firm Warburg Pincus Charles Kaye. Source: VGP Kaye said investors are concerned about the four major issues, including the capabilities of local companies, macro-economic stability, infrastructure, and the authorities' responsiveness. In this regard, Kaye said Vietnam could do more in infrastructure development as one of the measures to improve the business environment. The CEO also revealed a plan to expand the equity firm investment portfolio in Vietnam’s real estate market and … [Read more...] about Vietnam’s business environment favorable for foreign investors: Warburg Pincus

The following is the full text of the speech. “SINCERITY, TRUST AND RESPONSIBILITY FOR A BETTER WORLD” Dear Dr. John Hamre, President and CEO of the Center for Strategic and International Studies, Ladies and gentlemen, I am very happy to visit the Center for Strategic and International Studies for the first time today, though this is far from the first time I hear of the CSIS, a top American think tank in the field of foreign strategies and policies and international issues. Seventy-seven years ago, President Ho Chi Minh, the national hero of Vietnam and great man of culture, prefaced the Declaration of Independence establishing the Democratic Republic of Vietnam with this untarnishable fact, “All men are created equal, that they are endowed by their Creator with certain unalienable rights, that among these are Life, Liberty and the Pursuit of happiness.” This was the spirit enshrined within the 1776 Declaration of Independence of the United States of America; it … [Read more...] about Remarks by PM Pham Minh Chinh at CSIS in Washington D.C.

She was recently admitted to the National Hospital of Obstetrics and Gynecology in Hanoi in critical condition. Dr Phan Chi Thanh of the hospital’s department of examination says patients like Mai could require a hysterectomy and face the risk of no longer being able to have children if not treated promptly. When Mai and her high school boyfriend discovered she was pregnant, they were both confused and scared, and decided to get an abortion done at an illegal clinic. But the pregnancy was already too advanced and the procedure was done at an unsanitary facility. Thanh says many adolescents do not want to get abortions done at public hospitals and so go to unlicensed clinics or do it by themselves at deserted places to prevent others from finding out. After having sex without a condom at the age of 14, Nguyen Ngoc Ha Mai developed bumps on her body and the doctor diagnosed her as having genital warts, a sexually transmitted disease. Mai’s boyfriend did not get the disease at … [Read more...] about Adolescents engage in early sexual activities at ‘alarming’ rate