Vietnamese entrepreneurs and government officials took the stage at the Vietnam Business Summit to share their ideas on coping with the Fourth Industrial Revolution President and CEO of Vietjet Nguyen Thi Phuong Thao, representing Vietnamese entrepreneurs, took the stage at Vietnam Business Summit (VBS), which was held on September 13 in Hanoi as part of the World Economic Forum on ASEAN 2018 (WEF on ASEAN), to address the discussion and share her experience of growing a successful business. Vietjet president and CEO Nguyen Thi Phuong Thao inspired startups Startups should have big dreams Themed “Vietnam – Reliable Business Partner: Connectivity and Creativity,” VBS focused discussions on the role of Vietnam in regional and global value chains, as well as introducing policies and business and investment opportunities, particularly in the fields of finance and infrastructure. At the second session of VBS, which focused on introducing new business … [Read more...] about Vietjet CEO: Realise your dreams
Why dream big
Viet Nam News By Bích Hường "What should I study to get a job with a starting salary of $2,000 a month?" The question has generated public discussion after being raised recently by Phạm Thị Thanh, a third-year student at Academy of Cryptography Technology, during a talk on the role and responsibility of the young in an information society. Many people, including experienced employers, employees and students, say such pay is unrealistic, especially for new college graduates in Việt Nam who usually lack experience, sometimes need to be re-trained to meet job requirements and often cannot find work. It's unrealistic because those making $2,000 a month usually hold senior posts and have years of experience. According to Bizlive.vn, managers of major groups or State-owned companies in Việt Nam reported average monthly salaries of about $2,000 or more. New graduates usually struggle to find jobs and have to make do with a starting salary of VNĐ 5-7 million. That is low but reflects … [Read more...] about Starting pay of $2,000: dream or illusion?
An employee looks at the propeller of a Scorpen submarine at the industrial site of the naval defence company and shipbuilder DCNS in La Montagne near Nantes, France, April 26, 2016. In 2014, a blossoming friendship between Australian Prime Minister Tony Abbott and his Japanese counterpart Shinzo Abe looked to have all but sewn up a $40 billion submarine deal. Then French naval contractor DCNS hatched a bold and seemingly hopeless plan to gatecrash the party. Almost 18 months later, France this week secured a remarkable come-from-behind victory on one of the world's most lucrative defense deals. The result: Tokyo's dream of fast-tracking a revival of its arms export industry is left in disarray. Interviews with more than a dozen Japanese, French, Australian and German government and industry officials show how a series of missteps by a disparate Japanese group of ministry officials, corporate executives and diplomats badly undermined their bid. In particular, Japan misread the … [Read more...] about How France sank Japan’s $40 billion Australian submarine dream
VietNamNet Bridge - Bankers have been repeatedly warned about the high risks they would face when investing in the aviation sector, but they still harbor the ‘airline dream’. Vietnam Airlines, the national flag air carrier, has asked for the Ministry of Transport’s permission to set up a new airline based on the existing Vietnam Air Services Company (VASC). One of the founding shareholders of the airline is a familiar name – Techcombank. Techcombank is not the only banker which cherishes the ‘airline dream’. Many other commercial banks have had or have plans to contribute capital to air carriers. Eximbank in 2012, when listed as one of the Vietnamese commercial banks with the largest stockholder equities, once signed a strategic cooperation agreement with Air Mekong, contributing 11 percent of the air carrier’s charter capital. It then also gave big support to Air Mekong to implement its plan to expand the fleet. Bankers have been … [Read more...] about Vietnamese bankers harbor ‘airline dream’
VietNamNet Bridge - A lot of Vietnamese businessmen nurture plans to ‘do big business’. Some of them have succeeded, while others have tasted failure, but they do not give up, still awaiting new opportunities. Hoa Phat Group, owned by Tran Dinh Long, one of the best known businessmen, is expected to havev good news to tell shareholders at the upcoming meeting. This year’s shareholders’ meeting is believed to be quite different from the last year’s dull meeting. Hoa Phat gained revenue growth rate of 8 percent compared with 2014 amid massive imports of Chinese low-cost steel products which caused many other steel manufacturers to suffer. With revenue of VND28 trillion, or $1.25 billion, Hoa Phat is listed among the limited number of companies with revenue of over $1 billion. Hoa Phat gained revenue growth rate of 8 percent compared with 2014 amid massive imports of Chinese low-cost steel products which caused many other steel manufacturers to suffer. … [Read more...] about Vietnamese businessmen who cherish ‘billion-dollar dream’