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Security interview questions

/ April 15, 2021

Four questions sparked Quang Ninh’s awakening 10 years ago

A decade ago, the northern province of Quang Ninh faced bottlenecks in infrastructure development. It took people nearly a day to go to Van Don from Hanoi. The time to travel from Hanoi to Ha Long City was five to six hours, Quang Ninh’s Party Secretary Nguyen Xuan Ky told VietNamNet. Van Don today is much different from itself 10 years ago. Nearly 10 years ago, former Vice Chairman of Quang Ninh Provincial People's Committee Nguyen Van Thanh and Mr. Nguyen Duc Long, chairman of the Quang Ninh Provincial People's Council, took on an important task: inviting an American billionaire to visit Van Don in order to call for investment in turning this island district into a tourist destination with a casino. After great efforts to contact him, the American billionaire flew to Vietnam on a special flight. As the road to Van Don was inconvenient, the time to travel from Hanoi to the site was nearly a day. Quang Ninh’s officials borrowed the aircraft of the boss of the Hoa Phat Group to take the American businessman to Van Don. The reception was carefully prepared by Quang Ninh authorities. When stepping down from the plane, the American billionaire shook hands with Quang Ninh’s Party Secretary Mr. Pham Minh Chinh (the current Prime Minister) and said: “I know you are a very active leader, but I would like to ask a few questions." "He asked four questions," said Nguyen Van Thanh, former vice chairman of Quang Ninh. The first question was about infrastructure from Hanoi to Van Don, and from other countries to Van Don because at that time no such facilities existed. The second question was about national planning for Van Don. The third question was about a related law because "projects worth tens of billions of US dollars cannot be implemented under decrees". The final question was about the person authorized to act on behalf of the Prime Minister to make decisions on related issues to investment and investors. Former Vice Chairman of …

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/ April 14, 2021

Digiworld aims to reach billion-dollar market cap target

Digiworld aims to grow 25 per cent on average annually in the next decade Two months ago, Digiworld’s executive told securities firms that a partner producing and assembling Xiaomi tech products is opening a plant in Vietnam’s northern port city Haiphong, and that the plant would commence operation in the second half of this year. Albeit the information was not yet confirmed by Digiworld’s leadership at the company’s recent annual general shareholders’ meeting on April 4, the company’s CEO Doan Hong Viet was quoted as saying, “This is informal information; Xiaomi and Digiworld will be making an official announcement on a suitable timing in the future.” In fact, Digiworld is the exclusive distributor of all Xiaomi products in the Vietnamese market. According to Viet, home appliances would be one of hte key segments of Digiworld by 2024 with the target of holding a "remarkable market share", in which TV sets would secure the largest share in value. The home appliances market, with teh main items being TV sets, refrigerators, washing machines, ovens, and the like, has been totally untouched by Digiworld until the present. Viet explained that the overly high import duty of about 15 per cent was the reason why Digiworld had yet to engage in importing products for distribution and wholesale in the Vietnamese market. At the recent AGM, CEO Viet also lifted the curtain on Digiworld’s intention to venture into other product segments to realise the target of reaching a market cap in the billion-dollar range. “If there was a plant assembling Xiaomi products in Vietnam, the tariff barrier would disappear, providing the bedrock for us to break into this up-and-coming segment. This will be the answer for the question how Digiworld would attain an annual growth pace averaging 25 per cent in the upcoming decade,” said Viet. On the sidelines of Digiworld’s annual general meeting (AGM), Viet said that the company will be making an official foray into the …

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/ April 15, 2021

Vietnam’s Bamboo Airways plans to raise $200 million in U.S. IPO: chairman

HANOI -- Vietnam’s Bamboo Airways plans to raise up to $200 million in an initial public offering in the United States, potentially securing a market capitalisation of up to $4 billion, its chairman Trinh Van Quyet said on Wednesday. Bamboo Airways, owned by property and leisure company FLC Group, plans to offer a 5%-7% stake in the IPO, which it expects in the third quarter of this year, Quyet told Reuters in an interview. “The IPO will be part of our efforts to expand our services globally,” Quyet said, adding that Bamboo Airways has been working with an international auditing firm for the potential offering on the New York Stock Exchange. The company said last month it planned to list its shares on a local stock exchange in the third quarter, but Quyet said on Wednesday that was now “a backup plan, depending on market conditions”. Quyet said the airline will increase its fleet to 40 aircraft by the end of this year, from the current 30, adding two Boeing 787-9 Dreamliners would be among the new planes. He said the airline wanted to launch flights to new destinations including the U.S., Australia, Germany, Japan and the United Kingdom this year if the COVID-19 pandemic situation improved. “We will start conducting chartered flights to the U.S. in July and target the launch of non-stop commercial flights between Ho Chi Minh City and San Francisco in September, with an initial frequency of three flights per week,” Quyet said. Bamboo Airways, which made its maiden flight in January 2019, is targeting a 25% rise in pretax profit to 500 billion dong this year he added. …

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