Vietnam continues to be a favored outsourcing destination for multinational companies even as the current leader, India, experiences some hiccups. A recent article in the Forbes magazine said in its title that Vietnam was a “small but mighty powerhouse” for IT outsourcing. It said giant technology companies like Intel, IBM, Samsung Display, Nokia, and Microsoft continue to invest in Vietnam’s growing tech workforce. The author of the article, Anna Frazzetto, Chief Digital Officer and Senior Vice President at Harvey Nash, which has a decade plus of outsourcing experience in Vietnam, said, “technology specialists in Vietnam are comfortable with quickly becoming a natural extension of global clients, ready to challenge norms and bring innovative ideas to the table.” Another major factor that makes Vietnam attractive is the tendency of people to stay on in the country, unlike IT professionals in India, Malaysia and other countries who are ready to move to … [Read more...] about Vietnam poised to build on IT outsourcing gains
VinaCapital’s flagship fund the Vietnam Opportunity Fund (VOF) and Dragon Capital last month announced they spent $21 million acquiring a 25 per cent stake in the Century Land JSC (CenLand), one of Vietnam’s leading real estate brokerages and the leader in the northern region. CenLand has focused on traditional sales channels since 2002, with its popular real estate supermarket system STDA, and has developed its online brokerage platform Nghemoigioi.vn over the last two years. Online channels contributed to the surging number of the company’s transactions in 2017, at 11,555, an increase of 20 per cent against 2016, thanks to real estate support technology. “Online real estate has seen impressive growth of more than 60 per cent over the last three years and is expected to continue growing into the future,” said Ms. Le Hoang Uyen Vy, General Partner at ESP Capital. Fertile ground In line with Vietnam’s burgeoning real estate … [Read more...] about Online real estate brokerage gaining acceptance
(VEN) - Garments and textiles manufacturers and exporters could benefit greatly from the recently signed Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) among 11 Pacific Rim economies. However the sector must make greater efforts to in order to take advantage of these opportunities. Opportunities from new markets Vietnam’s garment and textile exports to the CPTPP countries currently account for only 13 percent of total value, much lower than the 48 percent to the market in the United States, which is not a member of the new trade pact. Le Tien Truong, general director of the Vietnam National Textile and Garment Group (Vinatex), said that once the CPTPP comes into force this year, the garment and textile sector would have more opportunities to promote exports to member countries, especially Australia and Canada. The global aggregate demand for garments and textiles in the past five years has not changed, reaching about US$700 billion a year. … [Read more...] about Garments, textiles stand to gain from CPTPP
The two layers weigh in their opinion about the Sabeco-Thai Beverage conflict A case that may affect Vietnam’s reputation on global markets On April 23, Sabeco will hold its extraordinary general shareholders’ meeting, less than six months after it held the share auction that saw Thai Beverage as the only buyer. According to Vietnamese laws and Sabeco’s charter, a shareholder with more than 5 per cent of the stake must hold the shares for six consecutive months or more before they are entitled to appoint nominees to the board. In this case, as Thai Beverage only acquired 53.59 per cent of Sabeco’s shares last December, technically speaking, the Thai investor has not had the right to appoint and vote its representative to be on Sabeco’s board yet. But should there be an exception in this case? Thai Beverage clearly wants to gain control of Sabeco as soon as possible, having forked out almost $5 billion to buy the shares. This is evidenced in their … [Read more...] about Lawyer talk: can and should Thai Beverage gain control of Sabeco now?
Viet Nam News LOS ANGELES — Steven Spielberg’s high-octane futuristic homage to films of the 1980s, Ready Player One, debuted in top spot at the North American Easter Weekend box office, industry estimates showed on Sunday. The film about a teenage gamer who finds himself inside an addictive virtual reality world in the year 2045 scored US$41.2 million in its opening weekend, industry tracker Exhibitor Relations said. Starring Tye Sheridan as the gamer Wade Watts, the all-star support cast features Olivia Cooke, Ben Mendelsohn, TJ Miller and Simon Pegg. Critics have suggested that Ready Player One -- in which Wade encounters 1980s pop culture icons including Freddy Krueger -- is something of a cinematic autobiography for Spielberg, the veteran director of a number of successes including E.T. and Jaws. Another newcomer, Lionsgate thriller Tyler Perry’s Acrimony, displaced Black Panther at number two, with US$17.1 million in estimated receipts over the three-day … [Read more...] about Ready Player One more-than-ready atop box office