Tag Archive for ‘CEO’

Microsoft’s Windows unit head, once a possible CEO, exits

The executive most widely tipped to be the next chief executive of Microsoft Corp has left the world’s largest software maker barely two weeks after launching the flagship Windows 8, as CEO Steve Ballmer moved to tighten his grip on the company. The exit of 23-year veteran Steven Sinofsky, head of Microsoft’s Windows unit, is […]

Vietnams Initial Success In Macroeconomic Stabilization

Vietnam has achieved a degree of macroeconomic stabilization,but ANZ warns the shift to a banking system viable over the long term will still take time and continue to impact growth prospects. * Commercial banks start to loosen purse strings * Bad debts are falling, says central bank * New regulations place restrictions on bank listings […]

Gold Industry Facing Mine Discovery Challenge, Barrick CEO Says

Gold discovery rates are decreasing even as exploration spending in the industry reached a record $8 billion last year, according to Jamie Sokalsky, chief executive officer of Barrick Gold Corp., the world’s largest producer. There were three discoveries last year, compared with 11 in 1991, and none of those can be described as “supergiant,” or holding more than 20 million ounces, Sokalsky said at a conference in Hong Kong. Breakeven costs were rising, he said today, predicting gold’s bull market shows no signs of ending. Gold is poised for a 12th annual gain, driven by increased investor and central-bank purchases as…

Vietnam’s Consumer Product Another Foreign-Dominated Market

In addition to their dominance in the textile and garment and plastic and mechanics sectors, foreign-invested companies have also prevailed in the consumer product segment. Confectionaries, processed food, instant noodles, and beverages under the brand names of FDI companies are now available in almost every grocery and supermarket across the country. International manufacturers such as Acecook, Uni President, Maggie, and Unilever have increasingly become familiar to local consumers, with their nationwide distribution chains rapidly expanding. While…

UK businesses keen on Vietnam market

(VOV) -A conference promoting trade and investment in Vietnam was held in Kent county, the UK, on November 9. * Vietnam, UK set US$4bn trade target * UK, Vietnam boost trade-investment ties The event, jointly organized by UK Trade and Investment (UKTI), the UK-ASEAN Business Council (UKABC), the Kent City Council, the Vietnamese Ministry of […]

China wealth fund eyes Asia "as Western protectionism rises"

BEIJING – China’s sovereign wealth fund will focus more of its US$482 billion firepower on Asia in twin bids to beat a rise in protectionism in the West and boost exposure to rapid regional growth, chairman and chief executive Lou Jiwei said. The man charged with stewardship of a slice of the world’s largest store of foreign wealth lauded the British approach to overseas investment in public sector projects as one for the world to follow and said the policy…

Technology ‘big guys’ keep optimistic with tablet Windows 8

Right after Windows 8 was officially launched, technology firms have marketed tablet products using Windows 8 RT, luring users to a new technology tendency. The world technology product market has been seething with the launching of a series of tablets and tablet hybrids using the Windows 8 operation system- bearing the brands of Asus, Dell, Acer, HP, Lenovo and Samsung. HP, for example, has HP Envy x2, Dell has Dell Latitude 10, Microsoft has Surface, while Samsung has marketed Smart PC Pro 700T and Smart PC 500T. In Vietnam, Acer has launched two Windows 8 running tablets, namely Inconia Tab W700 and W511, while Asus…

Car sales on the rise as many new models hit Vietnam market

HA NOI (VNS)— Domestic auto sales increased slightly in October compared to the last few months as a host of automobile makers launched new cars. Ford Viet Nam reported sales of 536 units last month, ten more than they achieved in September, while Toyota Viet Nam saw their sales rise by 230 to reach 2,500. Suzuki, Vinastar and Honda Viet Nam reported increases of 376, 300 and 218 units respectively. Some automobile makers attributed the increase to contracts that were signed at the Viet Nam Motor Show 2012 held in Ha Noi in September. However…

Drink makers vie for Vietnam market share

HCM CITY (VNS)— The beverage market continues to be a highly promising market, reflected by the increase in the number of recent investments from major domestic and foreign enterprises. According to market research company Nielsen Viet Nam, the local beverage industry recorded a growth rate of 17 per cent last year, despite difficult economic times that caused many other kinds of companies to struggle. Tran Quy Thanh, chairman of Tan Hiep Phat Beverage Group, said Viet Nam’s annual per capita consumption of soft drinks rose sharply in recent years, from three litres in 2007 to 23 litres…

Indebted Vietnam seafood firm to swap bank debts for equity

Seven banks have agreed to a debt-equity swap with Phuong Nam Seafood JSC, one of Vietnam’s top 10 seafood exporters last year, as part of a plan to restructure the massively indebted company. The firm’s debts to the banks are estimated at VND1.6 trillion (US$76.7 million), more than five times its chartered capital. News website […]