According to the development orientation, the corporation will be an enterprise holding the leading position of the Vietnamese maritime industry, striving to become an enterprise with a regional brand name by 2030, which has the ability to compete at the international level and participate in regional market sharing. … [Read more...] about Vinalines to switch to a joint stock company with new name VIMC
How does a holding company work
Based on the lessons learned from Da Nang, Mr. Son said that the most important experience is not to let Covid-19 to spread among vulnerable groups such as the critically ill people who are being treated in hospitals, the elderly, and the diabetes and kidney failure patients. … [Read more...] about Why does Vietnam have many Covid-19-related deaths in the second wave of Covid-19?
“For most of the ASEAN buyers, our general observation is that they do understand the general business practices in an emerging country, like Vietnam, as most of their countries underwent the same business trajectory before,” Hooi said. “Nonetheless, with the revelation of financial scandals in Europe in recent years, there is still a sense of caution among global investors – including ASEAN ones. Therefore, it is expected that they look for improvements in corporate governance, reporting standards, and business ethics in the near future.” … [Read more...] about Southeast Asian M&As gathering momentum
In the first half of 2020, three subsidiaries of Vingroup - VinHomes, Green City Development Joint Stock Company and Vincom Retail - raised a total of over VND15 trillion via bonds. By the end of 2019, VinFast also completed the mobilization of VND10 trillion of bonds. … [Read more...] about Vietnamese firms plan production expansion amid Covid-19 pandemic
However, President of the Philippines Rodrigo Duterte on February 15 last year signed into effect an act that turned the Philippines' rice imports from a quota-based system to a tax-based one. The act abolished quotas in rice imports to the Philippines to impose a 35% tax rate applicable to rice imports from ASEAN countries. The import tariff is much lower than that imposed on non-ASEAN nations, which is up to 180%. … [Read more...] about Vietnam wins deal to supply 60,000 tons of rice to the Philippines