At the meeting, Mr. Nguyen Thanh Phong pleasured at the good relationship development between the two countries in recent years; however, the cooperation between Vietnam and Kazakhstan as well as Ho Chi Minh City with localities of Kazakhstan has not been commensurate with the potential of the two countries. In particular, the memorandum of understanding on cooperation between Ho Chi Minh City and Almaty, which is Kazakhstan's largest city, expired in 2016. Sharing about the socio-economic situation, challenges of Ho Chi Minh City in the process of development such as environmental pollution and infrastructure overloading due to fast population growth, Mr. Nguyen Thanh Phong hoped that during his tenure, Ambassador Yerlan Baizhanov would call on Kazakh investors to the fields that the city has demand, promote investment and further trade with the city. The city leaders are willing to discuss and create conditions for foreign businesses, including those from Kazakhstan to … [Read more...] about Kazakh enterprises satisfied with city’s business environment
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Nguyen Thi Khanh, Vice President of the Ho Chi Minh City Tourism Association, said due to the impact of the novel coronavirus epidemic, the southern city’s tourism industry has been forced to accelerate a restructuring process and has identified tourists travelling domestically as a key demographic. At present, approximately 40 tourism firms located in Ho Chi Minh City have registered for participation in the program and launched special tours with huge discounts of up to 50 per cent to local people . … [Read more...] about Tourism businesses offer huge discounts to stimulate domestic demand
In 2009, when the VN Index soared from 324 points to the year's peak of 630 points, the richest stock billionaire had total assets worth over VND9 trillion. But now, one needs to have much more to be listed among the top billionaires. KBC price hovers around VND14,950 per share. With 75 million KBC in hands, Tam now ranks 53rd on the list of top billionaires. … [Read more...] about How much is needed to be listed among the top stock billionaires in Vietnam?
Director of Line Style Co., Ltd., a reputable clothing manufacturer that exports to the US and Japan, told reporters that some of their clients even canceled orders in fear that the quarantines at Vietnam-China border will disrupt supply and in turn affect their trade flow. … [Read more...] about Vietnamese manufacturers band together during supply shortage
Hanoi (VNA) – The Vietnam National Shipping Lines (Vinalines) is scheduled to carry out its initial public offering (IPO) in August, according to the firm’s latest equitisation plan recently submitted to the Prime Minister for approval. This is the second time in three months and the third time since 2014 an equitisation plan for Vinalines has been submitted for approval. Acting Director General of Vinalines Nguyen Canh Tinh said the latest plan was built basing on the Government’s Decree 126/2017/ND-CP on transforming State-owned enterprises into joint stock companies. Accordingly, the business will sell part of its State capital while issuing shares to raise charter capital. The State will hold 65 percent of the charter capital, equivalent to 912.99 million shares, while another 14.8 percent or 207.89 million shares will be sold to investors. About 0.16 percent or 2.29 million shares and 0.04 percent will be sold at preferential prices to the firms’ … [Read more...] about Vietnam National Shipping Lines to hold IPO in August