Soes

Viettel accounted for 60 per cent of the telecom industry revenue in 2018, with 234 trillion VND (10.2 billion USD). (Source: dangcongsan.vn) Hanoi (VNS/VNA) - As State-owned enterprises (SOEs) have many functions in the local economy, they struggle to fulfil their main task of doing business, so they need solutions to improve business efficiency, according to experts. The SOEs should continue to play a role as an example in terms of productivity and efficiency and hold a dominant position in the domestic economy. According to the Central Institute for Economic Management (CIEM), SOEs must be real enterprises. That means they must give priority to production and business efficiency, said Nguyen Dinh Cung, an economic expert and former CIEM Director. There is still debate over whether State-owned enterprises should be considered instruments to regulate the domestic economy as well as stabilising the macro-economy. This has caused difficulties for the restructuring … [Read more...] about SOEs need solutions to improve production, business efficiency

The divestment of three state-owned tourist companies is expected to present a vast opportunity for foreign investors. Saigontourist owns stakes in several popular four- and five-star hotels in Ho Chi Minh City Foreign investors and consultants are eagerly awaiting the chance to invest in these businesses when their initial public offerings (IPOs) are launched in the near future. Kenneth M. Atkinson, founder and senior board adviser of consultancy service provider Grant Thornton Vietnam, told VIR that the three have exciting potential as a result of their impending equitisation. Several large investment banks, according to Atkinson, have been eyeing Saigontourist for years because of the potential foreign investor interest, and the same would also be true of Hanoitourist. “The opportunities come from the prime property portfolio, particularly in the case of Saigontourist and its iconic hotels such as the Continental, Rex, and Majestic, and more modern properties like the … [Read more...] about Tourism SOE trio makes for IPO gold

18:45 | 23/09/2019 VGP – Viet Nam welcomes Singaporean investors to join the process of equitizing State-owned enterprises, said Permanent Deputy Prime Minister Truong Hoa Binh. Permanent Deputy Prime Truong Hoa Binh pays courtesy call on Singaporean  President  Halimah Yacob as part of his ongoing official visit to Singapore. Photo: VGP      >>> Infographics: FTA network serves as broadway for Vietnamese exports Binh made the above statement at his bilateral meetings with Singaporean Deputy Prime Minister Heng Swee Keat, President  Halimah Yacob and Senior Minister and Coordinating Minister for National Security Teo Chee Hean on Monday. He said that trade and investment continue to be the key pillars of the bilateral ties as Singapore is the 3rd biggest foreign investor in Viet Nam with over 2,000 projects capitalized at nearly US$50 billion. Binh also called on Singaporean businesses to expand investment in such … [Read more...] about VN welcomes Singaporean investors to join SOEs equitization process

The Top 50 have been chosen from a total of 12,250 entries sent in by photographers from around the world. Voters will be able to select the best image, with the winner being awarded US$1,000 as a cash prize. The photo titled “Champa eyes”, submitted by Vietnamese photographer Tuan Ngoc, has been listed among the best 50 photos. It features an ethnic Cham girl named Sa Pa who lives in Phan Rang city who has two different colour eyes. This photo titled “My Grandmother” was snapped by Vietnamese photographer Andy Lam and is among the Top 50. It was taken while the photographer paid a visit to a temple in Tay Ninh province. Here are some standout photos to make the Top 50. “Old woman” by Ye Pyae Soe Hlaing “My Grandma with Her New Friend” taken by Salai Van Lian Mang An image titled “Working” by Wilmer Valdez Hinojosa “Generation” was snapped by Wadi Aye. “Woman empowerment” by Md Readul Alam “The … [Read more...] about Local photographers secure Top 50 spot in Agora Images’s #Women2019 contest