Vuong is part of the list for innovation and creativity shown in the theme park industry this year. Bloobloop, a leading online resource for professionals working in the visitor attractions sector, says Vuong has made a big impression in the global theme park industry with the Vinpearl Land Amusement Park in the southern province of Kien Giang. Vuong is Vietnam’s first billionaire who heads a conglomerate with interests in real estate, retail, healthcare and theme parks. The list of individuals whose work "is impacting and driving development in the business and helping shape the future of the visitor experience in this huge, multi-billion dollar industry" was compiled by a panel of nine experts with decades of experience analyzing and monitoring the theme park business, Bloobloop said. The list includes: the CEO of Saudi Entertainment Ventures Bill Ernest; President and CEO of The Walt Disney Company Robert Iger; Founder and Owner of Europa-Park Roland Mack: and Senior Vice … [Read more...] about Vietnamese billionaire among world’s 50 theme park influencers
Whats real estate business
Although the State Bank of Vietnam (SBV) is targeting to limit credit growth to 14 percent this year, six out of 22 banks that have published their nine-month financial statements have already passed this limit, with four exceeding 20 percent. Based on the financial reports, banks with the highest credit growth are mostly mid-sized lenders. Techcombank and VIB led the industry with credit growths of above 28 percent each, followed by TPBank with 20.4 percent, and VPBank and HDBank at over 14 percent. Meanwhile, credit growth is far lower at large state-owned lenders Vietcombank (12 percent), BIDV (8.8 percent) and VietinBank (4 percent), but their outstanding loans are 3-4 times the size of the average mid-sized lender, and these banks are also the top three in terms of total assets. As a result, increasing numbers of customers have been complaining in recent weeks that they were having difficulties obtaining loans from some commercial banks. Credit officers at these banks explain that … [Read more...] about Banks restrict lending as credit growth ceiling nears
Experts warn that if state-owned enterprises (SOEs) make outward investments, the state would lose capital. Reports all show state-owned economic groups and general corporations have bad business performance and many of them have fallen into deadlock. VietinBank opens its branch in Laos The low capability of SOEs is blamed on the lack of a mechanism that promotes competition. In order to encourage competition, an economist, at a recent workshop on SOE reform, suggested a policy which forces SOEs to make outward investments. When doing this, SOEs will have to compete with rivals in the international market. If enterprises can export their products to choosy markets, this means that they have high competitive capability. When doing this, SOEs will have to compete with rivals in the international market. If enterprises can export their products to choosy markets, this means that they have high competitive capability. The economist cited China as an example. The country has … [Read more...] about Should SOEs make outward investments?
BizInfo CapitaLand Vietnam celebrates 25th year of operations in Vietnam Tuesday, Nov 19, 2019,12:39 (GMT+7) CapitaLand Vietnam celebrates 25th year of operations in Vietnam CapitaLand Limited (CapitaLand), one of Asia’s largest diversified real estate groups, has reached a significant mile stone of 25 years of operations in Vietnam. On November 14, CapitaLand celebrated this journey of transformation with a gala dinner of around 400 distinguished guests in attendance. The event was graced by Mr Roy Kho, Consul General of Singapore in Ho Chi Minh City, as well as representatives from CapitaLand, business partners and key stake holders of the company. Guests of honor on stage to celebrate the milestone of 25 years of CapitaLand’s operations in Vietnam. CapitaLand’s journey in Vietnam began in 1994, with the introduction of Somerset West Lake in Hanoi. After 25 years of operation, CapitaLand’s … [Read more...] about CapitaLand Vietnam celebrates 25th year of operations in Vietnam
An Asian thirst for M&A 2016 was an exciting year for mergers and acquisitions (M&A) in Vietnam. In the first few months, M&A deals reached $3 billion, up 28 per cent year-on-year. However, the quantity of deals lowered in later months, and the year-end figure ended up at $5.2 billion. This is a slight decrease from 2015. According to experts, 60 per cent of the deals were carried out between Vietnamese partners, and the vast majority of these domestic transactions were smaller than $5 million in value. In contrast, deals involving foreign investors averaged $30-100 million, with some even exceeding $1 billion in value. It is clear that Asian buyers were the most active participants in 2016. The Singaporeans and Japanese inked 20 and 17 deals respectively, topping the list of all foreign buyers. While Thai investors only made three transactions, the total value of which exceeded everyone else, standing at $1.197 billion. There are also notable differences among investors … [Read more...] about Asiatic buyers seek quality in M&A