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Business Briefs June 14

* Vietnam Securities Investment Fund (VFMVF1) has announced its net asset value per unit by June 7 at VND15,814, rising by VNDl50 against the previous week. * Ninh Hoa Sugar Company has acquired two million shares of Gia Lai Cane Sugar & Thermoelectricity Company (SEC), or an 11.5 percent stake in the enterprise. * Danang Rubber JSC. (DRC) will float 23,075,080 new shares worth VND230.75 billion on the Hochiminh Stock Exchange on June 22 this year. These are bonus shares and dividend shares issued to its existing shareholders according to Announcement No. 471/2012/TB-SGDHCM dated May 4, 2012. * Vietnam Construction JSC. No. 2 (VC2)...

Vietnam gets first global domain name registrar

Website developer Mat Bao has been accredited by ICANN (Internet Corporation for Assigned Names and Numbers) to be Vietnam’s first international domain name registrar. The accreditation, which allows Mat Bao to provide full internet domain name registration services to local companies, was received 18 months after applying to ICANN, the HCM City – based firm […]

Vietnam food exports face tough hurdles in US

Changes to the Food Safety Modernization Act and requirements of the US Food and Drug Administration (FDA) were introduced at a seminar on exports to the US, in Hanoi on April 18. At the event, Deputy Head of the Trade Promotion Department of the Ministry of Industry and Trade Ta Hoang Linh said since Vietnam and the US signed a bilateral cooperation agreement, two-way trade has increased and the US has become Vietnam’s leading importer. In 2011, Vietnam’s exports to the US fetched 16.9 billion USD, representing 17.5 percent of the country’s total exports. However, Vietnamese businesses...

Law gets tougher on recalcitrant bosses

The Government issued Decree No 92/2011/ND-CP on October 17, regulating fines for administrative violations in the field of health insurance. Enterprises and organizations that do not pay insurance premiums for the whole applicable employees shall be fined at least VND500,000 for up to 10 employees, VND1-5 million (US$50-250) if the number of applicable employees is from 11 to 50, and no more than VND30 million ($1,600) if the number of applicable employees is over 1,000. The violating enterprises and organizations will also be required to pay the back premiums for the entire number of applicable employees, plus interest, into the social insurance...

Dot VN, Inc. Announces New Vietnamese Domain Names Popular With Rural Internet Users

Dot VN, Inc., ( http://www.dotvn.com ) DTVI -45.43 percent, an Internet and Telecommunications Company and the exclusive online global domain name registrar for the Country of Vietnam ("the Company" or "Dot VN"), announced today that since it's official launch of the Vietnamese Native Language Internationalised Domain Names ("Vietnamese IDN") on April 28, 2011, registrations have exceeded 320,000 domain names and has had great popularity with internet users in rural areas of Vietnam as reported by leading online newspaper VietnamNet ( http://english.vietnamnet.vn/en/print/science-technology/12156/new-vietnamese-domain-names-popular-with-rural-internet-users.html ) According to...

Dot VN announces Vietnamese IDN registrations exceed 294,000 and surpasses standard.VN registrations

Dot VN announced today that since its official launch of the Vietnamese Native Language Internationalised Domain Names ("Vietnamese IDN") on April 28, 2011, registrations have exceeded 294,000 domain names. DTVI -22.22 percent, an Internet and Telecommunications Company and the exclusive online global domain name registrar for the Country of Vietnam ("the Company" or "Dot VN"), announced today that since its official launch of the Vietnamese Native Language Internationalised Domain Names ("Vietnamese IDN") on April 28, 2011, registrations have exceeded 294,000 domain names which surpasses the total number of standard Vietnamese ccTLD registrations. "We are very pleased with the continued excitement and demand for the Vietnamese Native Language domain names," said Dot VN CEO Thomas Johnson. "We expect the continued explosive growth of the Vietnamese IDNs with the eventual launch of cutting edge features and applications such as social networking functionality, daily deals and group buying services which deliver the best offers and content to our users...

Dot VN Announces Vietnamese IDN Registrations Exceed 294,000 and Surpasses Standard .VN Registrations

Dot VN announced today that since its official launch of the Vietnamese Native Language Internationalized Domain Names ("Vietnamese IDN") on April 28, 2011, registrations have exceeded 294,000 domain names. DTVI -22.22% , an Internet and Telecommunications Company and the exclusive online global domain name registrar for the Country of Vietnam ("the Company" or "Dot VN"), announced today that since its official launch of the Vietnamese Native Language Internationalized Domain Names ("Vietnamese IDN") on April 28, 2011, registrations have exceeded 294,000 domain names which surpasses the total number of standard Vietnamese ccTLD registrations. "We are very pleased with the continued excitement and demand for the Vietnamese Native Language domain names," said Dot VN CEO Thomas Johnson. "We expect the continued explosive growth of the Vietnamese IDNs with the eventual launch of cutting edge features and applications such as social networking functionality, daily deals and group buying services which deliver the best offers and content to our users...

PHI Group Partners With Beta Securities Corp.

U.S.-based PHI Group, Inc. announced today that the company has signed an agreement with Beta Securities Corporation of Vietnam to co-operate in a range of business activities, including consulting and advisory services, mergers and acquisitions, investment banking, asset management, international banking, listing Vietnamese companies in the U.S., European and certain Asian stock markets and other […]

Top Vietnam stocks

Many investors think that Viet Nam may be the next China. The economy has grown significantly in Viet Nam over the last few years. Emerging markets, especially those in south Asia and southeast Asia, are now the hot item on Wall Street. Did you see the article on Thailand stocks last week, up over 30% […]

US’s IT firm signs strategic agreement with VN partner

The US's Dot VN Inc. an innovative Internet and telecommunications company and the exclusive online global domain name registrar for Vietnam has signed a strategic partnership agreement with SaoBacDau Technologies Group (SBD), a highly recognised Vietnamese industry leader in system integration services. Accordingly, SBD will become a value-added reseller of Dot VN products, providing IT […]