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Tag Archive for ‘CEO’

Vietnam’s eight-month credit growth rate touches 11.5%

Credit growth rate in the first eight months of 2017 has been estimated at 11.5% compared to the end of 2016, the National Financial Supervisory Commission (NFSC) reported. As per the report, this figure is 1.3 percentage points higher than the first eight months of 2016. Short-term loans rose by 14.1%, accounting for 45.9% of […]

Vinalines’ designs to maintain controlling stake in three strategic seaports

Vietnam’s shipping group Vinalines are looking to keep holding at least 65% of the chartered capital in large-scale seaports in Haiphong, Danang, and Saigon, which are considered geese that lay golden eggs. Recently, Vinalines has proposed the Ministry of Transport (MoT) to authorize it to spend VND247.5 billion ($10.9 million) on buying 2.475 million of […]

Binh Duong calls for investment in less labour-intensive industries

The southern province of Binh Duong will focus on attracting investment in hi-tech, less labour-intensive and environmentally friendly industries in the time ahead. Chairman of the provincial People’s Committee Tran Thanh Liem made the remark while meeting with CEO of the Republic of Korea (RoK)’s Sae-A group James Ha on September 5. Liem noted his […]

Standing witness to Vietnam’s rise

On the occasion of Vietnam’s National Day on September 2, VIR gets an insight into foreign CEOs’ thoughts and feeling about the country’s vitality and development, and why Vietnam has become their home away from home. Ronan Le Bihan  CEO at Mango Bay Resort, Phu Quoc In 2002, I was offered a position for the […]

Foreign real estate brokers expanding in Vietnamese market

The property market segments which bring the highest profits are mostly controlled by foreign enterprises. In July, ERA Real Estate, a foreign broker, quietly opened five transaction points and one commercial office in the central business district of HCM City. The company now has 300 consultancy officers trained and certified in accordance with international standards. […]

Petrolimex sell-off to come in 2018

Vietnam National Petroleum Group, the country’s state-owned biggest petroleum distributor, will see a large state divestment in 2018, paving the way for foreign investors to access the profitable business. Vietnam National Petroleum Group (Petrolimex) will see a 24.9% stake, held by the state, sold off in 2018 under the Decision No.1232/QD-TTg, signed by Deputy Prime […]

Health franchises in Vietnam see growth spurt

Franchise opportunities in healthcare and wellness are emerging in Vietnam as locals increase spending to improve their health and overall well-being. Vietnamese people spend billions of dollars every year improving their health and wellness, according to Sean T. Ngo, CEO of VF Franchise Consulting. A growing number of Vietnamese citizens are travelling abroad-to countries like […]

Who receives highest pay in Vietnam?

VietNamNet Bridge – Hundreds of millions of dong are paid to the CEOs who work in the “hot business fields” such as finance and banking, power and oil and gas. CEOs in state owned conglomerates receive tens of millions of dong How much the CEOs of Petrolimex (petroleum importer and distributor) and EVN (the Electricity of Vietnam) receive for their jobs every month is the thing that most people are interested in. EVN’s General Director Pham Le Thanh once revealed that the average pay to EVN’s workers in 2009 was 7.3 million dong, saying that this was a modest pay level. In…

Securities Companies In Vietnam Trying to Brave Storm

Up to 56 out of over 100 securities companies in Vietnam reported losses in the third quarter of 2012. Securities brokerage houses suffered a combined net loss of VND212 billion but the earnings reached VND1,100 billion in the first nine months. Many have to restructure to survive in the raging storm. Total revenues of 100 securities companies grossed VND2,107 billion in the third quarter, totaling VND7,864 billion in the three quarters. They suffered from a combined loss of VND212 billion in the third quarter but still earned VND1,100 billion of profits in the January – September period…

Manulife Vietnam goes the extra yard

Manulife Vietnam, the first 100 per cent foreign-owned life insurance company licensed in Vietnam, has opened its new customer service office at Maritime Bank Building’s in HCM City’s District 1 last week. The new office, designed to offer customers more convenient and better service, covers a total area of 1,470 square metres. It supplements the […]