The Central Economic Committee, when reviewing economic development in the last five years, said the economy continued growing rapidly, 6 percent per annum. The economy has a scale of $340 billion, which has increased by 1.4 times, ranking fourth in ASEAN. … [Read more...] about Researchers warn of risks for Vietnam in 2021
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SCIC pours up to 345.6 million USD in Vietnam Airlines
Hanoi (VNS/VNA) - The State Capital Investment Corporation (SCIC) plans to invest 8 trillion VND (approximately 345.6 million USD) in Vietnam Airlines JSC (HVN). The amount is equal to 25 percent of HVN’s charter capital. “Vietnam Airlines will issue 8 trillion VND in shares to existing shareholders to raise its charter capital. And SCIC represents the Government to buy the shares,” Nguyen Chi Thanh, General Director of SCIC, said during a recent press conference. The two sides had a meeting to work out the HVN share price, Thanh added. Vietnam Airlines is creating a share offering plan to raise its charter capital and needs to get opinions from the State Securities Commission of Vietnam. Meanwhile, SCIC’s mission is to price HVN's share value. In order to define the share offering price, Vietnam Airlines has to evaluate its own value based on its five-year business plan. But COVID-19 is a biggest challenge for the … [Read more...] about SCIC pours up to 345.6 million USD in Vietnam Airlines
Mitsubishi recalls over 9,000 Xpander, Outlander cars in Vietnam
The problem of the products subject to the recall is that the plastic impellers for fuel pumps can inflate and stop their operation, causing the engine to stall or fail to start. … [Read more...] about Mitsubishi recalls over 9,000 Xpander, Outlander cars in Vietnam
Vietnam becomes 6th largest trading partner for China
Vietnam was China's eighth largest trading partner in 2019 before its rise to sixth in 2020. It is China's eighth largest supplier of goods and fifth largest export market. … [Read more...] about Vietnam becomes 6th largest trading partner for China
Vietnam Golf Association hosts first VGA Awards
In the "Excellent Performance" category, honored golfers and collectives were Nguyen Dang Minh, Hanako Kawasaki, Tran Lam, 1982 Golf Club and Golf Life Club. Minh and Hanako respectively won National Open Men and Women Amateur Championship. Lam won the young amateurs tournament, while the two golf clubs scored trophies at national championships. … [Read more...] about Vietnam Golf Association hosts first VGA Awards
