Mitsubishi plans to make electric cars in Viet Nam Japan’s Mitsubishi Corporation plans to invest in an electric automobile manufacturing factory in Viet Nam, said Executive Vice President Hiroshi Sakuma during a meeting with Vietnamese Deputy Prime Minister Vuong Dinh Hue in Ha Noi on Wednesday. At the meeting, Sakuma said his firm was evaluating the feasibility of the project and look forward to new regulations on environmental protection taxes to promote investment in the country. Hue said Viet Nam’s National Assembly would soon discuss and pass the Law on Environmental Protection Tax. There would be incentives commensurate with environmentally friendly products. The Mitsubishi Corporation is currently investing in two BOT (Build-Operate-Transfer) projects in Viet Nam, namely the Vung Ang 2 Thermal Power Plant (1,200 MW) and Vinh Tan 3 (1,980 MW) Power Plant. The corporation and Viet Nam’s Ministry of Industry and Trade signed an investment … [Read more...] about BUSINESS NEWS IN BRIEF 31/8
What humans will look like in 100 years
BUSINESS NEWS IN BRIEF 20/8
Deutsche Bank appoints new chief country officer for Vietnam Deutsche Bank has just announced the appointment of Hans-Dieter Holtzmann (49) as chief country officer and head of Global Transaction Banking (GTB) in Vietnam, effective from August 16, 2018. In his capacity as chief country officer, Holtzmann will report to Werner Steinmueller, member of the Management Board and APAC Head of Deutsche Bank, and in his GTB capacity, to Kaushik Shaparia, head of Global Subsidiary Coverage, GTB Foreign Exchange and Corporate Cash Management for Asia. Announcing the appointment, Steinmueller said, “We are pleased to have a colleague of Hans-Dieter’s caliber in this role. As one of our key markets in Southeast Asia, our Vietnamese franchise has shown profitable growth and we are excited about the country’s outlook. This is why last year we significantly increased our capital base in this market, providing the bank with more resources to support our clients’ … [Read more...] about BUSINESS NEWS IN BRIEF 20/8
Powerful, unwavering growth in M&A transactions across Vietnam
How would you evaluate developments in the M&A market in the last 10 years? Where do you see Vietnam in the regional M&A market? Pham Van Thinh 2018 marks the 10th year of the journey of the biggest M&A forum in Vietnam—and a period of remarkable development for the Vietnamese M&A market. According to a recent report of the Vietnam M&A Forum (MAF) Research, total M&A value has reached $48.8 billion in the 2009-2018 period, and the market was 10 times as large in 2017 than in 2009. As can be seen, after 10 years of development, M&A has become a major channel for capital mobilisation, especially foreign investment. The M&A market has grown both in the number and value of transactions. As for transaction size, the Vietnamese market is still dominated by small- and medium-sized transactions, with small transactions (under $10 million) accounting for over 90 per cent of the total number. Foreign investors continue to play a vital role in large … [Read more...] about Powerful, unwavering growth in M&A transactions across Vietnam
Arts & Entertainment News In Brief
Nature, locals degrade Điện Biên Phủ historic complex Tourists visiting part of the Điện Biên Phủ complex. Extreme climate change and escalating encroachment by local people looking to expand their homes and farmland are threatening Điện Biên Phủ historical tourism complex in the northern mountainous province of Điện Biên. These factors are also hindering the protection and preservation of the special national historical site, an authority official has said. Phạm Việt Dũng, director of the Điện Biên Province’s Culture, Sports and Tourism Department, said that over the past several years, the conservation, restoration and protection of the Điện Biên Phủ War historical complex has faced increasing obstacles due to natural impacts and shortcomings in law enforcement efforts to stop violations. Dũng said the complex, with a total of 45 … [Read more...] about Arts & Entertainment News In Brief
First space tourist flights could come in 2019
Blue Origin has developed a system similar to a traditional rocket: the New Shepard AFP/HO Virgin Galactic, founded by British billionaire Richard Branson, and Blue Origin, by Amazon creator Jeff Bezos, are racing to be the first to finish their tests - with both companies using radically different technology. MOMENTS OF WEIGHTLESSNESS Neither Virgin nor Blue Origin's passengers will find themselves orbiting the Earth: instead, their weightless experience will last just minutes. It's an offering far different from the first space tourists, who paid tens of millions of dollars to travel to the International Space Station (ISS) in the 2000s. Having paid for a much cheaper ticket - costing US$250,000 with Virgin, as yet unknown with Blue Origin - the new round of space tourists will be propelled dozens of miles into the atmosphere, before coming back down to Earth. By comparison, the ISS is in orbit 250 miles (400 kilometers) from our planet. The goal is to approach or pass through the … [Read more...] about First space tourist flights could come in 2019