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However, the corporation implemented drastic and comprehensive restructuring measures. Those included increasing debt purchase of banks according to market principles, switching debts to contributed capital, paying debts by investments that VIMC is in need of divestment, thoroughly handling bad debts and ineffective assets, saving costs, accepting some businesses to file for bankruptcy, focusing on market development and improving efficiency of trade activities. Thanks to greater efforts, VIMC has made profits totaling more than VND1 trillion from seaport services per year since it was equitized, helping it overcome numerous difficulties in maritime transportation. Seaports have become ‘gold mines’ for partners and investors who want to own VIMC’s stocks by investing in the parent company. … [Read more...] about VIMC strives to become regional brand name

Therefore, local administrations will accompany with startup companies and individuals that have creative ideas. Local administrations will give consultations and finance potential startup companies. More meetings will be organized to exchange opinions between the provincial administrations and enterprises which are hoped to promote startup movement in Di An Town of Binh Duong Province. … [Read more...] about Additional US$1 million fund established to aid startups in Binh Duong

A newly prominent job is content creation. Content creators are those who create appealing and awe-inspiring content for the viewers. The content they create can be educational, or can simply be catchy enough to entertain and grab the attention of any visitor or passerby who wasn't previously interested in your brand. … [Read more...] about Young businesspersons focus on creative businesses

Hanoi (VNS/VNA) - Science and technology are key to agricultural production, allowing for increases in the capacity and quality of products and improving farmers’ lives. For many years, Hanoi has focused on solutions to promote the transfer of science and technology to farmers. However, to make science and technology the leverage for sustainable agricultural development, more supportive mechanisms and policies are needed, as well as the participation of the authorities. Thanks to the application of science and technology in production, Kim Son commune in Gia Lam district has become the capital city’s hub for growing high quality bananas. “My family grew more than 200 trees of the South African banana variety and earned over 250 million VND (11,000 USD) per year on average,” Nguyen Trong Nghia , a banana farmer, told Ha Noi Moi (New Hanoi) newspaper. “We were planting bananas as per the VietGAP process, which raised consumption,” said Nghia. … [Read more...] about Hanoi promotes science-technology in agricultural production

Phan Cong Chanh, a private real estate consultant, said that even if the land around Long Thanh Airport in increasing in value, it could take many years for purchases to be worthwhile. “Therefore, investments in the land here do not amount to much for short-term investors. Meanwhile, brokers must also be more cautious with dossiers of the land plots,” Chanh said. … [Read more...] about VIETNAM BUSINESS NEWS JANUARY 24