New record

Heated hospitality segment for M&As (illustration photo, source: internet) Figures released from real estate consultancy JLL this month have revealed that Asia Pacific’s hotel transaction volumes are expected to increase from 25 to 30 per cent on-year, to more than $11 billion in 2019. Vietnam in particular has become an alluring destination for many financiers, largely due to the country’s friendly policies encouraging foreign direct investment, along with its political stability and strong economy. Furthermore, the country has taken the initiative to improve transparency to the next level, according to JLL’s Global Real Estate Transparency Index freshly released. As a result, Vietnam remains one of the most favoured destinations for foreign investment in the region. The Vietnamese hotel transaction market has shown exciting signs this year. Notable successful transactions in 2019 alone include The Grand Ho Tram Strip resort, which has been sold to Warburg … [Read more...] about Heated hospitality segment for M&As

The price of sugar has continued upward causing a chaos in the sugarcane market with most factories having to suspend their work due to the lack of raw materials. But farmers are determined to wait for higher prices, they say. According to Nguyen Thanh Long, General Manager of the Can Tho Sugar Joint Stock Company, sugar at new record prices of between VND9,000 and 10,000 a kilo has pushed sugarcane’s price up to VND450,000-500,000 a kilo. Mr. Long also said this year is quite different from last when sugarcane faced the huge slippages in prices and farmers had to sell at the lowest price. Recently, two sugar factories in Hau Giang Province, namely Phung Hiep and Vi Thanh, underwent two production suspensions. The Soc Trang Sugar and Sugar Cane Company suffered similarly and other companies in the Mekong Delta face the same problem. Some of guessed the reason is not due only to lack of raw materials but also higher prices. However, some experts predict sugar’s price will … [Read more...] about Chaos in the domestic sugarcane and sugar markets

Senior Lieutenant General Nguyen Chi Vinh, member of the Party Central Committee, permanent member of the Central Military Commission, Deputy Defense Minister, has granted an interview to the People’s Army Newspaper on the outcomes and possibilities of defense cooperation between Vietnam and Indonesia and between Vietnam and Myanmar. The interview took place after General Secretary of the Communist Party of Vietnam's Central Committee Nguyen Phu Trong and Vietnamese high-ranking delegation successfully completed official visits to Indonesia and the state-level visit to Myanmar. Reporter: Defense cooperation was finalized during the diplomatic visits of Party General Secretary Nguyen Phu Trong. Could you further elaborate on it? Senior Lieutenant General Nguyen Chi Vinh: Leaders of Vietnam, Indonesia and Myanmar highly valued the achievements in defense and security cooperation between Vietnam and Indonesia and Vietnam and Myanmar. At the talks between Vietnamese Party General … [Read more...] about Defense cooperation – An important pillar in bilateral relations

MoIT concerned over potential electricity shortages Minister of Industry and Trade Tran Tuan Anh sounded the alarm about the high risk of power shortages at a meeting earlier this week. In a report sent to the Government and the National Assembly, the Ministry of Industry and Trade (MoIT) said extreme weather conditions have left many hydropower plants without enough water to produce electricity. The MoIT plans to import 20 million tonnes of coal in 2020 and 35 million tonnes in 2035. It also added the local supply of gas was not enough to generate electricity for projects in the southeast and the southwest of the country. There are more than 10 projects in the area accounting for 16 percent of total capacity in Viet Nam. MoIT said demand for liquefied natural gas (LNG) will continue to be strong, outpacing domestic production by 2020 requiring the country to import around one million cubic metres a year. Phung Van Sy, general manager of the ministry’s oil and gas division, said … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES NOVEMBER 20

Successful Turning Loss into Profit, Strong Release of Market Potential; Sales of Key Products Doubled, Business Restructuring Completed Smoothly HONG KONG, CHINA - EQS  -  30 August 2019 - A fully integrated biopharmaceutical company -- Uni-Bio Science Group Limited (the "Company", together with its subsidiaries, the "Group"; Stock code: 0690.HK) are pleased to announce that its interim results for the period ended 3 0 June 201 9 (the "Period" or "1H2019") ， During the period, the Group succeeded in turning its loss into profit, with a net profit of HK$44.9 million and a basic profit of HK$0.73 cents per share . Compared with the core performance indicators in the first half of 2018 ("1H2018"), the figures have improved considerably, standing on a turning point of the performance and entering a new phase of growth. Key Accomplishments in 1H2019 During the Period, The Group has made a series of important progress in sales, corporate … [Read more...] about Uni-Bio Science Group Limited Announces 2019 Interim Results