Vietnam’s state-owned enterprises will continue to sell shares to foreign investors over the next year, with regulations being improved to facilitate cross-border deals. Before attending the financial investment promotion forum in London, Nguyen Duc Chi, chairman of State Capital Investment Corporation (SCIC), shared with VIR’s Phong Lan some of the upcoming sales. Nguyen Duc Chi What opportunities do you bring to Europe this time, through the forum in the UK? Based on plans approved by the prime minister, SCIC is scheduled to equitise five state-owned enterprises (SOEs) and divest from 132 others by 2020. In past years, SCIC has carried out a number of high-profile transactions that attracted both foreign and domestic investors. For example, the two stake sales of Vinamilk in 2016 have raised $800 million for the state budget, in exchange for 8.73 per cent of Vinamilk’ stake. We also sold 29.49 per cent of Binh Minh Plastics’ stake for $100 million, … [Read more...] about Encouraging long term foreign interest in SOEs
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Viet Nam News Brian Spence* Congratulations! You’re ready to start investing. It might seem like a small step, but years from now you’ll look back and realise how meaningful this moment was to your financial future. This could be the defining decision that helped you achieve your financial dreams. However, dipping your toe into the waters of investing can seem a little daunting at first. Questions of which stocks to buy, how to manage risk and when to sell are likely to be at the front of your mind. But help is at hand. Here, I’ll walk you through the main decision-making processes. When and how do I buy my first stocks? Over the long term, stocks outperform any other asset class, so deciding to invest in the markets is undoubtedly a good decision. But don’t run out and buy stocks straight away – no matter what “hot tip” has come your way. Before selecting your first investment, you must complete the following financial steps. Attending … [Read more...] about How to pop your cherry in Việt Nam’s stock market
Vietnam's information technology (IT) sector may soon lose its competitive edge as salaries are likely to go up due to a shortage of skilled labor, experts have warned. Though holding equal qualifications, employees in the sectors are taking lower pays than their peers from other Asian countries, said Nguyen Thu Giang, general secretary of Vietnam Software and IT Service Association (Vinasa). Giang said that a highly experienced IT engineer in Vietnam earns around $2,000 per month, just half the amount he or she could in Malaysia or Thailand. Fresh graduates in Vietnam earn $280 a month on average, only a fifth of what their peers get in Japan and South Korea, according to data from the Asian-Oceania Computing Industry Organization (ASOCIO). Competitive labor cost has always been one of the main drivers of growth for the sector, drawing many foreign investors into Vietnam. The 2016 version of AT Kearney’s Global Location Services Index, a biennial study of global offshore … [Read more...] about How long can Vietnam’s IT industry thrive on low-cost labor?
How to Make CRM a Competitive Weapon in Business? At the sideline of the conference “Customer Relationship Management (CRM) as a Major Competitive Weapon in Business” recently held by CFVG in Hanoi, Vietnam Business Forum had an interview with Mr Frédéric Jallat, - Professor and Head of the Marketing Department at ESCP Europe (Paris) on CRM and how Vietnamese enterprises can implement it successfully. CRM is now defined differently. What is your own definition? As far as I am concerned, I would define CRM as an approach which is based on identifying, attracting and keeping the company’s best customers in order to increase its global profitability. As such, customer relationship and loyalty management are at the heart of the company’s strategy. Therefore, tools and methods which develop and increase these relationships are crucial for the company’s survival and expansion. Why do you say that CRM is a major competitive weapon in … [Read more...] about How to Make CRM a Competitive Weapon in Business?
PANO - The Prime Minister, on June 10 th, signed Decision No 795/QĐ-TTg to approve the Programme on the Celebration of the 1000 th Anniversary of the Thang Long-Ha Noi Foundation. The main part of the Programme will be the Great Celebration Festival to be held in 10 days from October 1 st to 10 th, 2010. The opening ceremony will take place on the morning of October 1 st, 2010 at several landmarks around Hoan Kiem Lake. On the same day, there will be a number of events, including an exhibition on the socio-economic achievements of Thang Long-Hanoi and Vietnam as a whole, cultural and art exhibitions featuring historical milestones, and a special live television broadcast on the arts and music, entitled "The Whole Nation with Hanoi" that is designed and directed by international specialists. Hanoi is also requested by the Prime Minister to actively cooperate with involved ministries, branches and localities to successfully organise all the themes of the … [Read more...] about Programme on 1000th Thang Long-Ha Noi Foundation Anniversary passed