Experts have warned that the momentum of Vietnam's economic growth has not really come from increased labour productivity. A worker from Thong Nhat Coal Company (Quang Ninh province) working in a coal pit. (Photo: NDO/Hoang Ha) According to the General Statistics Office of Vietnam, the country’s labour productivity is still low compared to other nations in the region, only about 1/14 of Singapore’s, 1/6 that of Malaysia and a third of Thailand’s. Without comprehensive measures, it will be difficult to maintain the current momentum of growth. According to research results from the Vietnam Institute for Economic and Policy Research (VEPR), Vietnam’s average labour productivity has increased from VND38.64 million per labourer in 2006 to VND60.73 million in 2017. Specifically, during the 2006-2012 period, the average annual growth in labour productivity was at 3.29%. From 2012-2017, labour productivity grew at an average rate of 5.3% per year. Generally, … [Read more...] about Vietnam deals with pressure to improve labour productivity
Vietnam deals 2017
Vietjet’s IPO wins prestigious award for “Best Vietnam Deal” in 2017
The Vietjet Aviation Joint Stock Company (HOSE: VJC) has received the “Best Vietnam Deal” award.(Photo: Vietjet Air)Hong Kong (VNA) - The Vietjet Aviation Joint Stock Company (HOSE: VJC) has received the “Best VietnamDeal” award from Asia’s leading publication, Finance Asia, for its IPOheld in early 2017. The criteria for the award not onlyfactored Vietjet’s highly successful IPO but also the airline’s subsequentperformance for the rest of the year, which boosted the position of Vietjet inparticular but also Vietnam-based companies on the global capital market ingeneral.Accordingly, the ceremony for the FinanceAsia Awards, one of the world’s leading awards for the regional financeindustry, took place at Grand Hyatt Hong Kong on January 31, 2018. Chu VietCuong from Vietjet's Board of Directors represented the airline to receive theaward. Leaving “a series of successful deals” in 2017 behind, Vietjet’s 164 million … [Read more...] about Vietjet’s IPO wins prestigious award for “Best Vietnam Deal” in 2017
Vietjet honoured as Best Vietnam Deal in 2017
NDO - Vietjet Aviation Joint Stock Company (VJC) received the “Best Vietnam Deal” award from Asia’s leading financial publication Finance Asia for its IPO at a ceremony in Hong Kong (China) on January 31.The award honours not only the highly successful IPO held in early 2017 but also the subsequent performance over the rest of last year.Vietjet’s US$164 million IPO was conducted professionally, involving the consultation of world-renowned law firms and financial institutions for a period of nearly 800 days (up to the listing date, February 28, 2017), and followed all of the international IPO standards Regulations.Previously, Vietjet was awarded “The IPO Deal of the Year 2017” accolade and was named “The Company with Best M&A Information Disclosure” at the M&A Awards 2016-2017 Vietnam as part of the Vietnam M&A Forum 2017 in Vietnam.Vietjet is the first airline in Vietnam to operate as a new-age airline with low-cost flights … [Read more...] about Vietjet honoured as Best Vietnam Deal in 2017
Vietnam Airlines’ 2017 consolidated revenue at $3.8 billion
But Vietnam Airlines has denied to elaborate its plan to launch non-stop route to the US as some previous reports said, adding that the company “is still considering” all possibilities. “Currently, we do not have any detailed plan for that. We will let you know when we have it,” a Vietnam Airlines’ spokesperson who wished to be anonymous, told The Hanoitimes.Vietnam Airlines, Jestar Pacific and VASCO has operated 180,000 safe flights, both domestic and international, transporting 26,5 million passengers with the annual average growth of 6,7%. Shipway has an initial capacity 343.000 tons, some 19% increase against 2016. In which, the shares of domestic market accounts for 60%, international market at 32,3%.These figures include Vietnam Airlines’ subsidiaries Jetstar Pacific – the budget airliner, and VASCO. Particularly, total revenue of the parent company, Vietnam Airlines Corporation alone, has been estimated at VND66,200 billion ($2.9 … [Read more...] about Vietnam Airlines’ 2017 consolidated revenue at $3.8 billion
The biggest M&A deals in Vietnam in 2017
VietNamNet Bridge - The biggest M&A deals were in a variety of business fields, especially the real estate and banking sectors. Thai investor has spent $5 billion to acquire Sabeco stake Thai billionaire spends $5 billion to acquire Sabeco stake The Gioi Di Dong takes over Tran Anh The Gioi Di Dong is now holding a 30 percent market share in mobile phone distribution with Thegioididong brand, equal to FPT Shop’s, and 15 percent of market share for home appliance distribution with Dien May Xanh brand, equal to Tran Anh or Media Mart. According to HCMC Securities, The Gioi Di Dong is now holding a 30 percent market share in mobile phone distribution with Thegioididong brand, equal to FPT Shop’s, and 15 percent of market share for home appliance distribution with Dien May Xanh brand, equal to Tran Anh or Media Mart.Novaland takes over series of large projectsKeppel Land takes over two projects RELATED NEWS Tran Anh reveals larger loss before MWG merger … [Read more...] about The biggest M&A deals in Vietnam in 2017