Recalling and recounting the attributes that he saw up close as an economist assistant to Do Muoi, Le Duc Thuy, 70, said the former Party leader was key to the success of the economic renovation program called doi moi launched in 1986. While he was working as deputy head of Vietnam Institute of Economics in 1988, Thuy was invited to work as assistant for Do Muoi, who was then Chairman of the Council of Ministers, in effect the Prime Minister, for one month. Later, Thuy learned that he got the invitation thanks to a suggestion by Le Xuan Tung, personal assistant to then Party General Secretary Nguyen Van Linh. Do Muoi, born Nguyen Duy Cong, had asked Tung to find him someone good in economics. Thuy had returned after completing a postgraduate course from the Soviet Union and made up his mind to continue working as a researcher for the rest of his life, he told VnExpress Tuesday. But Do Muoi told him: “It’s up to you. But if I let you sit in a position … [Read more...] about Do Muoi was crucial to doi moi’s success: economist
What do investment firms do
As diverse investment methods co-exist in the market today, retail investors might be confused in choosing a suitable “basket” to put their “eggs” in with a view to raising their assets effectively. Difficulties in finding a “suitable basket” Besides enjoying the interest income from their bank deposit, the family of D.N. who lives in Ho Chi Minh City’s Go Vap district has chosen to invest in some good tickers in the stock market. Last year, his family reaped a considerable profit from their investment into stock market which climbed to a record 10-year high and their tickers were in the banking sector which had seen a fair price growth throughout the year. From this March until now, the stock market, however, has witnessed unusual situation and there were trading sessions when most of the tickers saw a sharp price decline. N. has felt headaches seeing his investment value going down considerably over the period. Early this year, … [Read more...] about Retail investors feel headaches finding a suitable investment channel
Firms are teaming up to excel in insurance world The firm’s CEO Khamsaya Soukhavong spoke to VIR about the company’s vision to grow sustainably in the Vietnamese market. Could you tell us about the development strategy of Mirae Asset Prévoir? Khamsaya Soukhavong Vietnam’s economy achieved a high growth rate and generally stable macro-economic environment in 2017. The insurance market has itself maintained a high growth rate of around 20 per cent with great potential to develop, as Vietnamese people have increasingly better incomes and a growing awareness of the necessity of insurance. Given these circumstances, Mirae Asset Prévoir (formerly known as Prévoir Vietnam) aims to increase its investment in key resources like professionals, technology, distribution, products, and services, to capture the growth opportunities of the market and anticipate its needs as well as those of the target customers. Shopping behaviours of consumers have been … [Read more...] about Firms are teaming up to excel in insurance world
VietNamNet Bridge - Analysts have warned that strong brands may disappear once foreign investors buy into Vietnamese companies. MOIT has announced the sale of 343.66 million Sabeco shares The Ministry of Industry and Trade (MOIT) has announced the sale of 343.66 million Sabeco (Sai Gon Beer, Alcohol and Beverage Corporation) shares at the starting price of VND320,000 per share. The market value of the State’s 53.59 percent stake is estimated at VND87.4 trillion ($3.85 billion). With the share price described as ‘sky high’, the divestment deal worth VND11 trillion is reserved only for investors with powerful financial capability. With the share price described as ‘sky high’, the divestment deal worth VND11 trillion is reserved only for investors with powerful financial capability. Those making financial investments to seek profit won’t be interested in the deal because of the price. The investors interested in Sabeco shares aim … [Read more...] about What will foreign investors do with strong Vietnamese brands?
Danang Hi-Tech Park needs VND1.3 trillion Danang City is promoting investments into housing, training and service facilities in Danang Hi-Tech Park (DHTP) worth a combined VND1.268 trillion, according to the Danang Investment Promotion Agency. Director of the agency Le Canh Duong on March 26 said local and foreign firms could choose to invest through public-private partnerships (PPP), which include build-operate-transfer (BOT). In addition to seeking capital for these facilities, DHTP also wants to attract investors to a research and development center to assist operations of enterprises there. Such projects can be financed by official development assistance (ODA) capital, according to Doan Ngoc Hung Anh, deputy head of the DHTP management board. In particular, the housing development project comprises villas, adjoining houses and condominiums with an investment estimated at VND842 billion. It aims to provide quality accommodation for employees, experts and scientists working at DHTP. … [Read more...] about BUSINESS IN BRIEF 31/3