How does a holding company work

Hanoi (VNA) - The Viettel Posts Joint Stock Corporation (Viettel Post) has opened an automatic logistics centre at District No.12, Ho Chi Minh City. The event marked a new development of Viettel Post in shifting from a post and delivery corporation to a logistics one, in an effort to become a leading technology-based logistics enterprise in Vietnam by 2025, the Quan doi Nhan dan (People’s Army) newspaper reported. Addressing the event, Director of Viettel Post Tran Trung Hung informed that in Vietnam, foreign logistics enterprises are currently controlling 80 percent of the market share. He suggested that domestic logistics companies should invest more in modern technology so as to enhance its competitiveness at home and in the international arena. He stressed, the establishment of the most modern logistics centre of Viettel Post in the South of the country aims not only to expand Viettel Post’s business in the South but also to contribute to building national logistics … [Read more...] about Viettel Post opens automatic logistics centre in HCM City

Seefahrer Premium Beer Co. Ltd., a local brewery, recently introduced two new products -- Truong Sa Special and Hoang Sa Special -- with the intention of promoting patriotism and asserting Vietnam’s sovereignty over the groups of islands. … [Read more...] about Businesses in talks for exporting craft beer named after Vietnam’s two archipelagos

Hanoi (VNS/VNA) - Up to 205 local traders nationwide were permitted to export rice as of January 18, following a list released by the Ministry of Industry and Trade’s Agency of Foreign Trade.   Per the list, the Mekong Delta City of Can Tho saw the highest number of licensed rice exporters at 43. Ho Chi Minh City ranked second with 38 eligible rice exporters, followed by the southern provinces of Long An, An Giang and Dong Thap at 25, 20 and 18, respectively. Other localities with licensed rice exporters were Tien Giang and Hanoi with eight, Nghe An with seven, and Kien Giang and Vinh Long at six.  Meanwhile, other localities had only one permitted rice exporter, such as Dak Nong, Tra Vinh, Tay Ninh, Binh Dinh, Binh Duong, Ha Tinh, Nam Dinh and Ninh Binh.  Despite a modest decline of 3.5 percent in export volume to 6.15 million tonnes mainly due to the Government's efforts to ensure national food … [Read more...] about Total of 205 traders allowed to export rice

After six years and 19 hearings, the trial official began with lawyers of all the sued companies required to be present. Lawyers and supporters of the lawsuit in France believe it is a step forward for Nga’s efforts to search justice for millions of AO/Dioxin victims in Vietnam … [Read more...] about French trial opens on AO/Dioxin lawsuit against U.S. chemical producers

American novelist, editor, and travel writer Hanya Yanagihara once said: “I love how Vietnamese cuisine always tastes like flowers, and how they had the ingenious idea of pairing that floral flavour with seafood: such a combination shouldn't work as well as it does.” … [Read more...] about A cheesy treat for all ages