Sci tech news

Binh Duong expects big jump in 2019 economic development The southern province of Binh Duong is expected to make a breakthrough progress in socio-economic development in 2019 thanks to its recent strong growth.  Speaking at the meeting of the provincial People’s Council recently, Vice Chairman of the provincial People’s Committee Mai Hung Dung affirmed that the locality has continued to record positive changes in almost all fields in 2018.  Binh Duong’s gross regional domestic product (GRDP) is estimated to increase 9.01 percent, compared to the target of 8.5 percent, while GRDP per capita reached 130.8 million VND per year.  Export-import activities maintained a high growth, resulting in a trade surplus of over 4.7 billion USD.  By November 15, Binh Duong attracted over 52.8 trillion VND (over 2.26 billion USD) of domestic investment, and 1.69 billion USD of foreign investment, representing respective increases of 25.3 percent and 20.9 percent … [Read more...] about BUSINESS NEWS IN BRIEF 26/12

Yeah1 plans to issue shares to raise charter capital      Multi-channel media group Yeah1 has announced a plan to issue nearly 62.56 million bonus shares at the rate of 200 per cent in 2019. Each shareholder will receive two new shares for every share he or she already owns. Bonus shares will be available to trade on the stock market after the issuance date. The share issuance will help Yeah1 triple its charter capital to VND938 billion (US$41.2 million) from its current VND312 billion. The value of the deal is nearly VND625.6 billion and the share issuance funding is taken from the company’s share premium recorded in its audited financial report for 2018. As of September 30, Yeah1 had VND1.13 trillion in its share premium and VND73 billion in undistributed post-tax profit. In the first nine months of the year, Yeah1 recorded VND1.03 trillion in revenue, up 111 per cent over the same period last year, and VND131.2 billion in post-tax profit, up 239 per cent. Yeah1 … [Read more...] about BUSINESS NEWS IN BRIEF 18/12

3rd Vietbuild expo to open in Ha Noi      Up to 450 enterprises will showcase their products at more than 1,600 pavilions at the third Vietbuild international exhibition in Ha Noi from November 23 to November 27, following the success of the two previous events. Nguyen Tran Nam, head of the Vietbuild organising board and chairman of the Viet Nam National Real Estate Association, told a press conference held in Ha Noi on Monday that the five-day exhibition will see the participation of 273 domestic enterprises, 108 joint venture enterprises and 60 foreign enterprises from 22 countries and territories around the world. The exhibitors will introduce a range of new products in the areas of construction, building, real estate and interior and exterior design. Exhibitors participating in the event will have booths of between 36 and 160sq.m. Products on show will include modern technologies such as smart home systems and lighting technology. “Over the past 10 years, the … [Read more...] about BUSINESS NEWS IN BRIEF 22/11

Interest in Singles’ Day sales skyrockets in VN An analysis conducted by online shopping aggregator iPrice found that Việt Nam’s interest in November 11 Singles’ Day sales skyrocketed this year. According to internet traffic data, the company discovered a huge jump of 210 per cent in the number of customers participating in the Singles Day sales in Việt Nam compared to the same time last year. By analysing Vietnamese search trends on Google, iPrice found that keyword searches for “November 11” began growing steadily nearly two weeks prior to the date, three times higher in search interest compared to the same period last year. In addition, Vietnamese consumers were now much more familiar with the November 11 tradition which originated from China, and excitedly look forward to it as an important annual promotion period. For the event, big merchants offered different promotions with discounts being the most popular, together with vouchers, flash … [Read more...] about BUSINESS NEWS IN BRIEF 13/11