Thanh Thanh Cong Investment acquires 35 million SBT shares, lifting ownership to 32 per cent Thanh Thanh Cong Investment JSC has purchased 35 million shares in Thanh Thanh Cong - Bien Hoa JSC (SBT), lifting its ownership in the sugar manufacturer to 158.5 million shares, an equivalent of 32 per cent of SBT’s capital. The number fell short of its total registered purchase of 45 million shares. Shares in SBT were trading at around VND20,000-22,000 (US$0.90) on the Ho Chi Minh Stock Exchange during the purchasing time from November 16 to December 14, putting the deal value at more than VND750 billion ($32 million). Earlier in November, chairwoman of Thanh Thanh Cong Investment JSC Dang Huynh Uc My completed the purchase of 20 million shares of SBT, raising her stake to 10.6 per cent. The two shareholders have a combined stake of 42.6 per cent of the outstanding shares of SBT. In October, the company approved a plan to allow My and her affiliates to increase … [Read more...] about BUSINESS NEWS 20/12
English news about vietnam
At the Youth Entrepreneurship Forum 2018 last month, Minister of Information and Communication Nguyen Manh Hung suggested that the Prime Minister should soon recognize English as the second official language of Vietnam to help startups reach out to the world. The proposal stirred a heated discussion on social media and prompted numerous professionals to pitch in with their views and opinions. While some welcomed the idea and supported widespread use of the language in Vietnam, others were wary of the cultural, legal and other implications of formalizing it as an official language. Everyone agreed that it was good to improve English use and fluency in the country, so the debate boiled down to whether declaring and using it as an official language was a feasible, practical option for Vietnam. Professor Chung Hoang Chuong, who has juggled teaching at the University of California and doing research in Vietnam, was optimistic about Vietnam having two official languages. Chuong, currently a … [Read more...] about English as an official language in Vietnam: would it work?
US Deputy Chief of Mission McClelland makes a speech at the expo. (Photo: VNA) Hanoi (VNS/VNA) - The US Mission believed in building a fruitful partnership with Vietnam that offered new and sustainable opportunities for both US and Vietnamese food companies. The statement was made by the US Deputy Chief of Mission McClelland at a US food and beverage show held in Hanoi on November 29. The event drew the participation of 15 US enterprises to advertise food and beverage products as well as seek Vietnamese importers. According to McClelland, the US agricultural relationship with Vietnam had grown significantly over the past 10 years, from 1 billion USD in exports in 2008 to 3 billion USD in 2017. “Much of the credit for this growth goes to food businesses and myriad stakeholders that aim to bring safe US food and beverage products to consumers in Vietnam,” McClelland added. Talking about the difficulties US food products faced entering the Vietnamese market, Francis Lee, … [Read more...] about US pushes food exports to Vietnam
The Hanoitimes - Hanoi`s “selfie street” is in the Old Quarter, along a set of train tracks originally built by French colonists. “Selfie-takers can sometimes annoy locals as they block off sidewalks to get the perfect photo, there’s bigger issue at play here in Hanoi – the train tracks are very much still operational, meaning that locals and visitors alike can risk their lives by not being careful when they stand on or walk across the tracks” reported US news-based pay television channel CNN. CNN tips about Hanoi “Train Street”. According to Christabel, an Instagrammer, the locals were super-friendly and they did mention the train times when tourists walked past. “A quick social media search shows photos of visitors sitting, running, jumping, dancing, kissing, pretending to fall and even planking along the tracks. Only a handful show an actual train going by,” CNN wrote. Dave Fox, a Vietnam-based writer … [Read more...] about CNN tips about Hanoi’s “Train Street”
Singaporean enterprises seek opportunities in Vietnam A Singaporean mission of nearly 20 firms will visit Vietnam from October 15 to 19 to sound out cooperation prospects. The trip is jointly held by the Vietnam Trade Office in Singapore, the Malaysia-Singapore Chamber of Commerce and Industry and the Singapore Business Federation. According to the organizers, the Singaporean delegation includes representatives of large corporations, such as Sembcorp, which has developed seven Vietnam-Singapore industrial park projects in Vietnam, and NTUC, the retailer accounting for more than half of Singapore’s market share. Besides visits to corporations and industrial parks in Vietnam, there will be trade promotion meetings in HCMC and Can Tho City so that enterprises of the two countries can seek partners and export goods. Representatives of the South Agency of the Ministry of Industry and Trade, the HCMC Department of Industry and Trade and the Vietnam Trade Office in Singapore will also … [Read more...] about BUSINESS NEWS IN BRIEF 18/10