Vietnam tobacco import export company

The bank, formally Vietnam Maritime Commercial Joint Stock Bank, has registered to list over 1.17 billion shares on the Ho Chi Minh City Stock Exchange (HoSE), the bourse said on its website. MSB leaders first mentioned the public listing at a shareholders’ meeting in 2016 when the bank completed its merger with the Mekong Bank. In 2017, just 3 percent of shareholders approved the listing because the stock price was too low, but the ratio rose to over 99 percent last year. From January to September, MSB’s after-tax profit surged 3.5 times year-on-year to over VND868 billion ($37.3 million). It is set to be the eighteenth listed commercial bank in Vietnam. Five of 10 most profitable listed companies in the first nine months were banks, with a total pre-tax profit of VND49.65 trillion ($2.14 billion). … [Read more...] about Maritime Bank to list on Vietnam’s main bourse

Nation Importers ordered to check for illegal nine-dash line on products The Saigon Times Daily Friday,  Nov 22, 2019,12:06 (GMT+7) Importers ordered to check for illegal nine-dash line on productsThe Saigon Times Daily A map featuring the illegal nine-dash line. The Import-Export Department, under the Ministry of Industry and Trade, has told local importers and firms to ask their partners to ensure their products do not feature the illegal nine-dash line map - PHOTO: VNA HCMC – The Import-Export Department, under the Ministry of Industry and Trade, on November 21 told local importers and firms to closely inspect imports and ask their partners to ensure their products do not feature the illegal nine-dash line map. Many serious incidents of imported products displaying the illegal line have negatively affected national security and the country’s sovereignty and have violated the prevailing regulations, the … [Read more...] about Importers ordered to check for illegal nine-dash line on products

Vietnam Economy HSBC economists report on Vietnam’s prospects during 10-day visit By Thanh Thom Friday,  Nov 22, 2019,10:25 (GMT+7) HSBC economists report on Vietnam’s prospects during 10-day visitBy Thanh Thom A worker operates equipment at the Phu My 1 thermal power plant in the southern province of Ba Ria-Vung Tau. Vietnam’s manufacturing worker wages are among the lowest in Asia, but the growth rate is high – PHOTO: VNA HCMC – Limited land and labor resources, increasing wages and a lack of local suppliers in Vietnam could make the cost/benefit equation less attractive for foreign direct investment (FDI) firms in the foreseeable future, HSBC said in its latest Asia Frontier Insights report, pointing out various issues that need to be addressed to ensure continued growth. During their 10-day visit to Vietnam, HSBC economists found that rising land costs and the availability of appropriate … [Read more...] about HSBC economists report on Vietnam’s prospects during 10-day visit

The proportion of Vietnamese enterprises that have not adopted digital transformation is about 1.5 times higher than the global average. FPT Techday 2019 was held on Thursday in Hà Nội. — Photo courtesy of FPT The biggest problem for businesses was that they did not know where to start the transformation, said Nguyen Van Khoa, FPT director general, speaking at the FPT Techday 2019. He said if businesses failed to get moving, they would be left behind. FPT Techday 2019 under the theme “Smart Start” was held on Thursday in Ha Noi. The event attracted more than 3,000 attendees, including 500 senior leaders of large enterprises and banks, and technology experts. Digital transformation had no other purpose than to help businesses change, increase their competitiveness and promote development, said Hoang Viet Anh, FPT deputy director general. “In order to effectively implement a digital transformation, FPT believes that it is necessary to think big, … [Read more...] about Vietnam needs to push digital transformation

Chol Young Joo, Chairman of the Korea-Vietnam Friendship Association (KOVIFA), and Lee Jae Hyon, Senior Fellow, Ph D. Director of the Centre for ASEAN and Oceania Studies, the Asian Institute for Policy Studies, talk about relations between RoK-VN. Chol Young Joo, Chairman of the Korea-Vietnam Friendship Association (KOVIFA) Vietnam’s Prime Minister Nguyen Xuan Phuc will visit the Republic of Korea (RoK) at the end of this month. What’s the significance of the event in promoting the two countries’ friendship, especially with Vietnam and the RoK celebrating the 10th anniversary of upgrading bilateral ties to the Strategic Cooperation Partnership level? First of all, we welcome Vietnam Prime Minister Nguyen Xuan Phuc on November 25-26 for the ASEAN-Korea Special Summit. The ASEAN-Korea summit, held in Busan on November 25-26, recognises ASEAN as one of South Korea's important partner partners in the New Southern Policy. 'People, Peace and Prosperity' are the … [Read more...] about South Korea-Vietnam relations going from strength to strength