Companies

The Vietnam’s 50 best listed companies in 2019 were honoured by Forbes Magazine during an award ceremony in Ho Chi Minh City on August 15. Representatives from Vietnam’s 50 best listed companies in 2019 pose for a photo - Photo: VNA This year's list included leading companies on the HCM Stock Exchange (HOSE) and Hanoi Stock Exchange (HNX), such as dairy firm Vinamilk, beer maker Sabeco, IT giant FPT Corp, DHG Pharmaceutical, insurance-finance group Bao Viet, digital retailer Mobile World and realty developer Vingroup. Honoured companies this year were rated on the basis of compound annual growth, profit, return on equity, earnings per share growth between 2013 and 2018, branding, quality of corporate management, source of profit and the prospect of sustainable development. According to Forbes, the total capitalisation of the 50 companies reached US$94 billion, accounting for 63% of the total market capitalisation on the two bourses. Theo NDO/VNA … [Read more...] about Forbes honoured top 50 listed Vietnamese companies

(VEN) - RedDoorz, Southeast Asia’s largest and fastest-growing hotel management and booking platform, announced it raised US$70 million as first close of a larger Series C funding yesterday. The new capital will be used for market and product line expansions, and to build a second tech hub in Vietnam amongst other growth initiatives. Leading the round is Asia Partners, a Singapore-based growth equity firm founded by senior executives with an exceptional track record in scaling multi-billion tech companies (Sea, Naspers, Bukalapak) globally and across the region. RedDoorz is the first portfolio company of Asia Partners, which focuses on growth-stage investments in technology and technology-enabled companies in Southeast Asia. Two other leading funds, Rakuten Capital and Mirae Asset-Naver Asia Growth Fund, joined the round. Existing investors Qiming Venture Partners and International Finance Corporation (IFC) also reiterated their support by participating in the round. … [Read more...] about Southeast Asia startup RedDoorz raises US$115 million

(VEN) - Microchip Technology Inc. announced an expanded data center portfolio and its entrance into the memory infrastructure market with the industry’s first commercially available serial memory controller. SMC 1000 8x25G enables high memory bandwidth required by next-generation CPUs and SoCs for AI and machine learning. As the computational demands of artificial intelligence (AI) and machine learning workloads accelerate, traditional parallel attached DRAM memory has presented a major roadblock for next-generation CPUs, which require an increased number of memory channels to deliver more memory bandwidth. The SMC 1000 8x25G enables CPUs and other compute-centric SoCs to utilize four times the memory channels of parallel attached DDR4 DRAM within the same package footprint. Microchip’s serial memory controllers deliver higher memory bandwidth and media independence to these compute-intensive platforms with ultra-low latency. The SMC 1000 8x25G interfaces to the CPU via … [Read more...] about Microchip enters memory infrastructure market

(VEN) - With a dynamic design, versatibilty and performance, Ford EcoSport has created a source of inspiration for the contestants, encouraging individuals to find their own colors. The contest became the connecting factor for a community of creative youths with energetic and unique lifestyles. At the award ceremony of the Ford EcoSport - Paint Your “True Color” contest, Ford Vietnam exhibited 10 creative EcoSport artwork with various styles. These were the products made by the 10 candidates with the highest number of votes from the judge panel and social media viewers. Just one month after making its announcement, the organizing committee received more than 76 original designs from the contestants, ranging from traditional values with Chim Lac, Dong Son drum, and Vietnamese Classical Opera to youthful, modern graphic styles imbued with street life. The designs, which were applied on various EcoSport’s colors, created their own impressions on the viewers and … [Read more...] about EcoSport’s versatile and diversified transformation

(VEN) - The Vietnam’s Graduates from Australia Club (“VGAC”) is a non-profit organization founded in 1991 by the Vietnam-Australia Friendship Association (“VAFA”).  VGAC is open to all Australian alumni in Vietnam. With strong support from the Australian Government Agencies, Australian institutions, and companies in Vietnam, VGAC has built a network of more than 6000 members in five chapters - Hanoi, Hue, Da Nang, Ho Chi Minh City and Can Tho. VGAC members are working as government officials, business people, academics and professionals throughout the country, playing their parts in contributing to the development of both Vietnam and Australia and to the collaboration between the two countries.  VGAC aims to create excellent networking opportunities for our members, as well as to contribute to the promotion of friendship, education, collaborative relations and mutual understanding between Vietnam and Australia. VGAC has a long history of … [Read more...] about VGAC: Home and a way for Australian alumni in Vietnam

(VEN) - It is a good time to invest and expand in Vietnam with regional and international free trade pacts opening up growth opportunities, says James Edmund Corbett, General Director, Aardwolf Industries LLC. Mr. Corbett, General Director, Aardwolf Industries LLC Aardwolf has grown in Vietnam for 12 years and we will expand our operations to achieve greater success in the country, Mr. Corbett told Vietnam Economic News. Aardwolf Industries LLC, a leading manufacturer of lifting and handling equipment for the construction industry, was established in 2007 in Binh Duong Province with 100 percent investment capital from Australia. The company manufactures more than 300 different piece of equipment and tools, including vacuum lifters, pipe lifters, slab lifting clamps, transport frames, glass lifting clamps, slab racks, self-locking trolleys, forklift booms, work wear, and load handling attachments for material handling in the stone, glass and metal industries. … [Read more...] about Australian firm Aardwolf to expand in Vietnam

(VEN) - “Vietnam’s food and beverage market is growing, offering many opportunities for malt producers and suppliers,” says Robert Wicks, General Manager, Intermalt Vietnam Ltd. Robert Wicks (middle) receives BSA award in Poland Wicks who has over 33 year of experience working in the malting industry from Australia, expects his company will increase its capacity and market share in the years to come. Intermalt is the first and only malting plant in Southeast Asia run by Interflour. The US$75 million factory is located at the Interflour owned deep water port at Cai Mep in Ba Ria - Vung Tau Province. Since commencing operations in May 2017 the Plant is now operating at capacity of approximately 100,000 tonnes per year, supplying around 20 percent of the market in Vietnam. Wicks says that despite early success, Intermalt Vietnam is well aware they are operating in a highly competitive market and will need to continue to improve if they are to grow as a … [Read more...] about Intermalt in Vietnam for the long run

(VEN) - Vietnam’s fast pace modernization motivates many adults to adopt and pursue new values from Western countries, while sometimes forgetting to take them time to connect and uncover the life-long treasure of their parents’ wisdom. In celebration of Vu Lan, Abbott today unveiled a short video titled “Parents’ Untold Stories” -  which was designed based on survey findings shedding light on parents’ hidden wishes, concerns and motivation. In the survey, Vietnamese seniors (aged over 50) were asked about their wishes, concerns and untold stories they kept from their children; and their children (aged 25 - 40 years old) were asked whether they were aware of their parents’ untold stories and silent wishes. For the group of seniors, the survey findings found that they secretly wished to pass on Vietnamese traditional values to their children as part of their legacy and they take pride in their children’s success and see it as their … [Read more...] about “Parents’ untold stories”

(VEN) - UNSW Sydney is one of the top universities in Australia and one of the best in the world. The university is ranked 43rd in the QS World University Rankings 2020 and a member of the prestigious Group of Eight - a coalition of Australia’s leading research intensive universities. In 2019, UNSW was awarded the maximum QS Five Star Plus rating for teaching, research, employability, facilities, internationalisation, inclusiveness, specialist subject and innovation. This is also the Number 1 institution attended by Australian start-up founders. The campus is located in the vibrant and beautiful city of Sydney, situated near the business hub of Australia’s largest city, providing easy access to a wide range of academic, cultural and social activities. It is easily accessible from Central Station and other major transportation hubs located throughout Sydney. Our students enjoy a state-of-the art campus featuring a world class innovation centre, biomedical precinct, energy … [Read more...] about UNSW Sydney Australia’s global university

(VEN) - Eric Hallin has been appointed the new General Manager of Norfolk Hotel and Norfolk Mansions in Ho Chi Minh City. As the newly appointed General Manager of the Norfolk Hotel and Norfolk Mansion, Eric Hallin will make a valuable addition both to the two properties, and to the city’s hospitality industry. He brings with him over 40 years of international experience in managing four- and five-star hotels. Growing up Africa and Europe, he attended the Universities of Malawi and Stockholm before joining the travel industry. Fluent in several languages, his career has spanned several countries, including France, Greece, Maldives, Spain and Thailand. His management expertise has contributed to the success of many properties, including the Six Senses Hideaway in Koh Samui, voted “Best Hotel in the World” by Condé Nast Traveller readers in 2008. Eric also attaches importance to community issues and local business development. To … [Read more...] about New GM takes over Norfolk hotel and serviced apartments