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Hanoi (VNS/VNA) - The increase in Vietnam's stock market has helped foreign shareholders implement their disinvestment plans in Vietnamese enterprises. However, these activities will not have a significant effect on companies' internal systems.  Foreign shareholders play important roles in supporting business activities and creating a good image for public listed companies. After achieving initial cooperative targets, some organisations plan to disinvest.  Vietnamese companies witnessed the withdrawal of many foreign investors, but their businesses are still growing due to accumulative management skills during the cooperation period. Lucerne Enterprise Ltd and NS Advisory Inc Pte.Ltd of Nikko Indonesia sold millions of Licogi 16 (LCG) shares at the end of 2020. The Indonesian shareholders started to invest in LCG in 2014.  The LCG shares price ended last Friday at 14,750 VND, up 96.4 percent year-on-year. The share price almost hit a … [Read more...] about Vietnamese firms thrive despite divestment of foreign shareholders

Previously, as German Ambassador to Vietnam, Christian was involved in a number of activities to promote diplomatic and trade relations between Vietnam and Germany. Now retired, but with a special attachment to Vietnam, he still contributes to the country’s integration into the world through advising foreign investors and supporting domestic enterprises in their efforts to penetrate into European markets. … [Read more...] about Vietnam – Land of bliss

Hanoi (VNA) – The 13th National Congress of the Communist Party of Vietnam, taking place from January 25 to February 2, has been highlighted by international media. The Associated Press (AP) on January 25 ran an article, saying that almost 1,600 delegates are attending the congress this week to approve future policy and help select the nation’s top leaders. Hanoi’s streets are lined with the Party’s hammer and sickle flags, national flags and posters to promote the congress, which is held every five years. Some 4,900 people involved with the event must each take two tests for the coronavirus SARS-CoV-2. The article cited Murray Hiebert, a senior associate of the Southeast Asia Program at the Centre for Strategic and International Studies in Washington, as saying that Vietnam has grown an average of 6 percent over the past five years and nearly 3 percent in 2020, when most of its neighbors slumped into recession due to the pandemic. Japan’s Nikkei Asia … [Read more...] about 13th National Party Congress makes foreign headlines

HCM City (VNS/VNA) - Vietnam’s imports of high-value seafood such as king crabs and lobsters are rising due to their falling prices, and are expected to rise even further during the Lunar New Year (Tet) Festival, experts have said. Robert Greenan, Deputy Consul General at the US Consulate in Ho Chi Minh City, said last year exports of Alaskan seafood rose 125 percent to 19 million USD. Vietnam became the US’s sixth largest buyer of agricultural products and foodstuffs with imports worth 4 billion USD. According to the Alaska Seafood Marketing Institute in Vietnam, demand for seafood is rising in the country, and several processing factories are moving from China to Vietnam due to tariffs. Alaskan seafood is mostly bought by restaurants and hotels and processors. The institute aims to expand the distribution network so that more customers can buy Alaskan seafood for cooking at home. During Tet, there is especially high demand for Alaskan king crab since it is relatively … [Read more...] about Demand for imported high-value seafood rises