Five other Vietnamese firms in Forbes Asia’s latest listing of 200 top-performing Asia-Pacific listed companies with revenues of above $1 billion include food giant Masan Group; electronics retail giant Mobile World; Vietnam’s biggest brewer Sabeco; the country's biggest dairy company Vinamilk, and Techcombank, one of the nation’s biggest private banks by assets. The country's biggest private conglomerate Vingroup topped the list of Vietnamese names in terms of market value, at $17 billion. It was followed by Vinamilk and Sabeco, with $9.07 billion and $7.73 billion respectively, Forbes Asia said. Vingroup ranked first in top 3 in terms of sales, at $5.3 billion, followed by Mobile World at $3.79 billion, and VietjetAir at $2.33 billion. Vietjet Air has surpassed flag carrier Vietnam Airlines to become the country’s biggest airline with 46 percent share of the country’s rapidly expanding air travel market, Forbes Asia said. Top in 2018 net profits were … [Read more...] about 7 Vietnamese companies in Forbes Asia’s Top 200 listing
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Runaway tech company chief now faces money laundering charges
By Ba Do  July 11, 2019 | 09:49 am GMT+7 Mobile phone cabinets at Nhat Cuong Mobile Company in Hanoi are empty during a police raid in May 2019. Photo by VnExpres/Tat Dinh. The fugitive chief of a Hanoi-based tech firm, wanted for smuggling and other charges, now also faces money laundering charges. Investigation into the alleged smuggling activities of Bui Quang Huy, 45, general director of Nhat Cuong Technical Services Trading Co. Ltd., discovered he had invested his ill-gotten gains into the company and its subsidiary, Nhat Cuong Software Co. Ltd., police from the Ministry of Public Security said on Tuesday. He also faces charges of "violating regulations of law on accounting causing serious consequences," and is wanted by the police after he eluded their attempts to arrest him in May. The police have said Huy is the suspected linchpin of an organized crime group responsible for cross-border smuggling, maintained two sets of accounting books to conceal … [Read more...] about Runaway tech company chief now faces money laundering charges
PM chats with 1,000 high-tech workers in Ho Chi Minh City
08:21 | 05/05/2019 VGP – Prime Minister Nguyen Xuan Phuc and Deputy Prime Minister Vu Duc Dam are chatting with 1,000 high-tech workers in Ho Chi Minh City. Prime Minister Nguyen Xuan Phuc visits high-tech exhibition before chatting with the high-tech workers who come from seven provinces and cities across the country. Photo: VGP Participants to the dialogue includes include representatives of ministries and agencies and localities. This is the first time the Government chief holds dialogue with high-tech workers and the fourth time with workers in general since he took office in 2016. The event is an opportunity for the Prime Minister to directly learn about the aspirations and proposals of high-tech workers who are considered a driving force for national development. Particularly, the dialogue focuses on five topics: (i) corporate policies for high-tech workers, (ii) local level policies for the development of high-tech workers; (iii) high-tech workers’ … [Read more...] about PM chats with 1,000 high-tech workers in Ho Chi Minh City
Vietnamese firms attend M-Tech Nagoya in Japan
M-Tech Nagoya 2019 took place from April 17-19 (Source: www.reedexpo.co.jp) Tokyo (VNA) – Twenty-six Vietnamese businesses in the supporting industry joined the fourth Manufacturing World Nagoya (M-Tech Nagoya) trade show, which took place in Nagoya, the capital city of Japan’s Aichi Prefecture from April 17-19. According to Vietnamese Trade Councilor in Japan Ta Duc Minh, this is the first time that Vietnamese businesses had organised their own separate section at the event. The section was jointly arranged by the Vietnam Association for the Supporting Industry (VASI) and the Hanoi Centre for Investment, Trade, and Tourism, with the support of the Vietnam Trade Office in Japan. The Vietnamese firms attending the event mostly operate in metal and electronic accessories production, plastics and rubber, and automation. They have provided products to multinational companies in both Vietnam and foreign markets. Among the firms present were big players in the industry, … [Read more...] about Vietnamese firms attend M-Tech Nagoya in Japan
HCM City to host tech conference in October
Viet Nam Information Technology Outsourcing Conference 2017. — Photo thoibaotaichinhvietnam The Viet Nam Information Technology Outsourcing Conference (VNITO) 2019 will be held for the third time in HCM City from October 23 to 25. More than 100 Vietnamese solution providers from various fields such as e-commerce, financial technology and agriculture technology, as well as over 150 representatives from international IT companies looking for partners in Viet Nam, will gather at the conference. With the main theme of “Viet Nam – The Emerging Destination for Innovation”, the conference will provide opportunities for companies to promote their products and services, and network with potential partners from around the world. Innovative Vietnamese tech solutions will be showcased at the event, which includes conferences, panel discussions, exhibitions, business matching, and tours. The conference date was announced at a seminar on start-ups in Silicon Valley, … [Read more...] about HCM City to host tech conference in October