Leading contenders for pm

The transaction is an equity investment in the form of Convertible Dividend Preference Share (CDPS) to be issued at a price of VND85,000 ($3.49) per share, which can be converted into ordinary shares at a 1:1 conversion ratio. In addition to the normal dividends payable (if any) to the company’s shareholders, the CDPS has no preference dividend for the first five years, then followed by a 10 per cent preference dividend at par value of each outstanding CDPS per annum from the sixth anniversary onwards. On the tenth anniversary of the issuance, the outstanding CDPS will be mandatorily converted into ordinary shares of Masan Group. Masan is also in discussion with other investors to upsize the investments to up to $500 million, which is subject to prevailing market conditions and the company’s capital needs. Proceeds from the transaction will be used to strengthen the company’s financial position and de-lever its balance sheet. This marks Bain Capital’s first-ever investment in … [Read more...] about Bain Capital leads Masan Group’s equity funding round

Customers shop at a WinMart store belonging to Masan Group. Masan announced on October 2 that Bain Capital, a global private investment firm, has agreed to invest at least $200 million in its equity at a price of VNĐ85,000 per share. — Photo courtesy of Masan Group. Masan Group Corporation (HOSE: MSN) announced on October 2 that Bain Capital, a global private investment firm with assets worth US$180 billion under management, has agreed to invest at least $200 million in its equity at a price of VNĐ85,000 per share. The money will be used to strengthen the company’s financial position and deleverage its balance sheet. This marks Bain Capital’s first ever investment in Việt Nam and underscores its confidence in Masan’s ability to grab the immense opportunity offered by 100 million Vietnamese consumers’ daily grocery, financial and other life needs. The investment will be in the form of Convertible Dividend Preference Share (CDPS) which can be converted into ordinary shares at a … [Read more...] about Bain Capital leads Masan’s equity funding round of up to $500 million

On the stage of the HAY music festival last Saturday, the group said they were "happy to be here and really regret that they didn’t come to Vietnam sooner". "We will 100% come back to Vietnam next year. We love you all," they said. Tablo, the leader of the group, also expressed his love for Vietnam. "It took me 30 hours but finally I arrived in Vietnam. From this moment, Vietnam will be our far away home." This is the first time that Epik High performed in Vietnam. On the stage, the members wore conical hats and interacted frequently with the local fans. They performed nine of their hits including hits like "No Thanxxx", "One", and "Rain Song". The HAY Glamping Festival took place over the weekend, with the main event on Sunday at Yen So Park, Hanoi. The headliners for the event were Epik High and Irish singer Ronan Keating, member of boyband Boyzone. Other acts included local artists like Suboi, JustaTee, Chillies, Microwave and Hoang Dung. Epik High, formed in 2001, … [Read more...] about South Korean hip-hop trio Epik High regret not visiting Vietnam sooner

Miss Universe Vietnam 2023 Bui Quynh Hoa. Photo from Hoa's Instagram When being asked to define the beauty of confidence during the 2023 Miss Universer Vietnam contest final on September 29, Hoa almost instantly provided her answer, saying that the concept could be defined as a woman being confident in herself and thus, being able to lead her own life. A "confident beauty," according to her, is also someone that can acknowledge others’ successes and get over her own failures in order to improve and become a better version of herself. It was discovered in the time since that this answer shares similarities with a top result appearing on Google when users search for the phrase "what is the beauty of confidence." More specifically, Hoa’s answer was partially identical to a 2012 article published on the official website of the Vietnam Women’s Union which wrote: "Confident people are willing to cooperate with others and acknowledge others’ successes." "They are not … [Read more...] about Beauty queen denies knowing interview question in advance

There are currently around 300 green buildings certified by standards such as Lotus, Edge, LEED, or Green Mark, Photo: shutterstock According to Douglas Lee Snyder, executive director of the Vietnam Green Building Council, from a legal perspective, realising both financial and non-financial incentives in Vietnam is a challenge. “Maybe we need to make inter-ministerial cooperation efforts to achieve the goals set by the government of Vietnam. For example, while public green buildings often lead the market in other countries, in Vietnam, cost norms per square metre regulated by the Ministry of Finance alone are not enough for one construction, but it needs collaboration from other related ministries,” Snyder told VIR. Meanwhile, Angus Liew, chairman of Gamuda Land Vietnam, said that the barriers involve technology, equipment, and even perceptions. “In addition, Vietnam’s government has become well aware of the repercussions and understands the importance of transforming its … [Read more...] about Task obvious for Vietnam’s green building development

What have been some successful stories involving your members thus far in Vietnam? Tharabodee Serng-Adichaiwit, vice chairman of the Thai Chamber of Commerce in Vietnam Thailand has become the ninth-biggest foreign direct investment of Vietnam with nearly 690 projects and $13 billion so far. While Thai investment properly kicked off in the early 1990s here, Bangkok Bank started investment in Vietnam way back in 1961 with its first branch in the former Saigon. We believe that with the growing potential of Vietnam itself and our continuous promotion to Thai investors, one day Thai investment could enter the top five. This will also to help the two countries to achieve the bilateral trade goal of $25 billion by 2025, and ultimately bring our two countries closer in sub-regional, regional, and multinational cooperation. Most big Thai conglomerates already have a presence in Vietnam, such as C.P., SCG, Bangkok Bank, IVL, Red Bull, and more. Thai investment is also … [Read more...] about A land of promise for Thai investors

Do Thanh Trung, Deputy Minister of Planning and Investment Although SOEs account for a small proportion of the economy, they hold significant resources for the nation’s socioeconomic development, playing a core and vital role in building and safeguarding our homeland in a new context. The significant growth of SOEs contributes to socioeconomic development and serves as an effective tool for macroeconomic regulation, price stabilisation, social security, national security, and sovereignty, especially in border and island areas. SOEs are vital in building and developing essential economic infrastructure and leading industries to drive economic growth, especially in a context where the private sector has not yet fully grown and lacks the capability to perform better. Despite the positive results achieved, the activities of SOEs, especially investment activities, still have some existing limitations. Firstly, SOEs are slow to adapt to the new era, and their roles in … [Read more...] about Defining SOE priorities vital

In the healthcare sector, it has become clear that we need to act now in order to provide opportunities to live healthier for longer. Digital health and ICT solutions have come to define a new standard of how people of all ages manage their health and prevent diseases. Digital platforms are combined with hospital expertise across a range of services Dr. Michael Devoy, chief medical officer at global healthcare and nutrition enterprise Bayer AG, says that digitalisation is a means to enhancing how healthcare innovations are brought to patients. “It encompasses an improvement in our processes, rendering them faster and more efficient than before, as well as facilitating a more profound understanding of our patients and delivering better outcomes for them,” Devoy explained. “I am proud of how we already make use of digitalisation at Bayer, as we continuously strive to provide new treatment options for patients across generations.” In Vietnam in recent years, the … [Read more...] about Bayer leveraging digital models to enhance healthcare

How does the Commission for Management of State Capital at Enterprises (CMSC) extend support and critical advisements to the VIMC? Le Quang Trung, deputy general director of VIMC and vice chairman of the Vietnam Logistics Business Association The symbiotic association and support extended by CMSC to businesses, especially the VIMC, is immense and substantial. Every project we undertake, be it short-term or enduring, bears the unmistakable imprint of CMSC’s support, enabling us to overcome various challenges, notably during exceptional periods such as the recent pandemic. CMSC’s partnership has been crucial, aiding us in overcoming challenges related to capital mobilisation and ensuring the smooth implementation of projects. A notable instance is their contribution to the financial and operational restructuring project of SP-PSA, one of our crucial joint venture ports. With the indispensable support from CMSC, we were able to conduct successful negotiations with … [Read more...] about SOE issues can be solved with support

The buildings we want to work in are smart buildings, and the role of the office is completely going to change. In the past, we went to the office to work. Nowadays, we can do work from everywhere. We just come to the office to communicate and to be part of a culture. Ludwig Graf Westarp, Representative, Federal Association of Small and Medium-Sized Enterprises in Germany Buildings have a tremendous impact on the world’s climate, and the construction and real estate industries account for almost 40 per cent of total worldwide carbon emissions. Different technologies play a key role at each state of the building’s life cycle and help us to become more efficient, reduce waste and save time and energy. By collecting energy data, optimising the usage of energy and water consumption, we understand what is really going on in the buildings. Buildings need to be comfortable, energy efficient, productive, and safe, meeting higher occupant expectations. This is driven by … [Read more...] about Only world-class level can ensure truly green buildings