Nguyen Cong Khe is the Chairman and General Director of Thanh Nien Media Corp. — Photo soha.vn Thanh nien (Young people) newspaper will offer 4.8 million shares, equivalent to 11.9 per cent of its affiliate Thanh Nien Media Corp with a starting price of VND11,350 (US$0.5) per share. The information was released by Ho Chi Minh City Stock Exchange (HoSE), the stock auction agent of the transaction. Both domestic and foreign investors could buy unlimited stakes. The auction is expected to be held at 9.a.m on March 14. Thanh Nien Media Corp was established in 2006 with a charter capital of VND10 billion ($428,000). After four times capital increase, the group has raised its charter capital to VND403 billion. The firm is operating in the areas of event management, advertising, office leasing, printing and distributing newspapers and magazines. It organised beauty contests events such as Miss Universe, Miss Earth, Football Tournaments such as U19 and U21. The group also involves in a … [Read more...] about Thanh Niên Newspaper to auction shares of Thanh Niên Media Corp
8 hug intl corp
Where pigs are hugged to bring home the bacon
The market in Que Son District, central Quang Nam Province, 41 km south of Da Nang City, welcomes more than 100 buyers and sellers every day. Formed at the end of 1975, the one-hectare market is located off National Highway 1A and operates from 6 a.m. to 9 p.m, mainly trading in piglets 1 to 3 months old. Tran Van Tien, resident of a nearby town called Nam Phuoc has nearly 30 years of experience in pig trading. He said that every day he wakes up at 3 a.m. to buy pigs from farmers and bring them to the market. "Every day I sell more than 20 piglets, earning a few hundred thousand dong ($1 = VND23,196)." Pigs are confined in iron or bamboo cages or baskets. Each basket hosts about 7-8 piglets. One-month-old white pigs typically sell for VND250,000 to 350,000 ($10.79 - 15.11) each; two to three months old pigs between VND600,000 and 800,000 ($25.9 - 34.5). Pigs weighing over 100 kg costs from VND40,000 to 50,000 ($1.73 -2.16) per kg. Tran Thi Thao … [Read more...] about Where pigs are hugged to bring home the bacon
BIDV Insurance Corp rakes in 9 million USD in pre-tax profit
In 2019, BIC has targeted total premiums of 2.2 trillion VND and consolidated profit before tax of 223 billion VND. (Photo vnr500.com.vn Hanoi (VNA) - The BIDV Insurance Corporation (BIC) has reported pre-tax profit of 202.8 billion VND (9 million USD) in 2018, exceeding its yearly target by 6.7 percent and representing a year-on-year rise of 8.8 percent. Its total premiums reached 2,105 billion VND (90.7 million USD), up 16.3 percent year-on-year and surpassing its goal set for 2018 by 3.2 percent. BIC - the insurance arm of the Bank for Investment and Development of Vietnam (BIDV) - posted strong growth of 50 percent in bancassurance sales (selling insurance to bank customers). In 2019, the company has targeted total premiums of 2,202 billion VND (94.8 million USD) and consolidated pre-tax profit of 223 billion VND (9.6 million USD). Its joint venture in Laos – Lao Viet Insurance Co (LVI) - reported premium revenue of 13.3 million USD, 3.6 percent higher than its yearly … [Read more...] about BIDV Insurance Corp rakes in 9 million USD in pre-tax profit
Army Corps 3 holds live-fire exercise
The exercise, themed “Reinforced infantry battalions attack enemy in mountainous terrains,” gathered troops of Infantry Battalion 8 of Regiment 66 of Division 10 and a company of Armored Brigade 273. The affiliated forces included a company of 100mm mortars, a company of SPG-9 Kopye, and a company of 12.7mm machine guns of Regiment 66. The supporting units were Artillery Brigade 40, Air Defense Brigade 234, and Air Force Division 372 of the Air Defense - Air Force Service. Tanks of Brigade 273 joining the exercise According to the scenario, an enemy mechanized infantry company, which occupied Pleiku City of Gia Lai province, was stopped by the Gia Lai Provincial Armed Forces when moving to Buon Ma Thuot city. They withdrew to Heights 375, 714, and 567. Battalion 8’s missions were to collaborate with Regiment 66 and relevant units to attack and decimate the enemy. Thanks to thorough preparations and training, the live-fire exercise concluded … [Read more...] about Army Corps 3 holds live-fire exercise
PM hosts National Day banquet for diplomatic corps
22:07 | 30/08/2018 VGP – PM Nguyen Xuan Phuc on Thursday hosted a banquet for Ambassadors and head of international organizations in Viet Nam and their spouses in Ha Noi on August 30 on the occasion of the 73rd National Day (September 2). PM Nguyen Xuan Phuc addresses the banquet. Photo: VGP Addressing the event, PM Phuc said that independence, freedom and happiness have always been the ardent desire of the Vietnamese people and a source of great encouragement for all Vietnamese people to overcome hardships and adversity. “Under a red field and gold star banner, we have joined hands and marched forward, striving for national independence, development, prosperity and happiness for all, while contributing to peace, cooperation, and development in the region and the world,” said PM Phuc. The Government chief affirmed that Viet Nam always strives to be a good friend, a trusted partner within the international community, an equal partner … [Read more...] about PM hosts National Day banquet for diplomatic corps
ASG Corp files for HOSE listing
Viet Nam News HCM CITY — The Airport Services Joint Stock Corporation (ASG Corp) has filed to list 34.5 million shares on the HCM Stock Exchange (HOSE). With the listing, the company’s charter capital will reach VNĐ345 million (US$15.3 million). ASG Corp was transformed into a public company after it obtained approval of the State Securities Commission on May 4, 2018. The company had planned to list its shares on HOSE in July. Logistics firm ASG Corp was founded in October 2010 and its core businesses include ground and freight transportation and warehouses. The company currently holds full control of three sub-units, which are the Sài Gòn Airport Services JSC, ALS Thái Nguyên Co Ltd and ALS HCM City Co Ltd. ASG Corp also has stakes in two firms – Cam Ranh International Airport Services JSC and Sài Gòn Aviation Services JSC. The company recorded net revenue of VNĐ255.2 billion in the first half of 2018, a year-on-year … [Read more...] about ASG Corp files for HOSE listing
HCMC welcomes over 3.8 million int’l visitors in 6 months
The city's tourism sector earned VND62,600 billion (US$2.7 billion), up 15.7 percent compared to the last year and achieved 45 percent of the target in this year. According to the Ho Chi Minh City Statistics Office, a foreign tourist spends averagely VND3.3 million (US$145) per day and stayed 5.21 days in 2017. The number of international visitors who have an average length of stay of 4-7 days accounted for 48 percent of the total while the survey showed that 40 percent of international travelers had a stay of 8-14 days. A domestic holiday maker spends averagely VND1.58 million a day. The number of local visitors who have an average length of stay of 1-3 days accounted for 61.1 percent of the total while the number of people had a stay of 4-7 days accounted for 40 percent. The HCMC Department of Tourism plans to organize the 8th Tourism Promotion Organization for Asian-Pacific Cities (TPO) Forum from June 21-22, International Travel Expo 2018 on September 6-8 and a series of … [Read more...] about HCMC welcomes over 3.8 million int’l visitors in 6 months
Vietnam to gain 4.8 billion USD from shrimp exports
Vietnam expects to earn 4.8 billion USD from shrimp export in 2018 (Source: VNA) Hanoi (VNA) - Vietnam’s shrimp industry is expected to gain an export value of 4.8 billion USD in 2018 due to the many advantages of export promotion, experts said. These advantages from existing mechanism and policies include a programme on sustainable development of the fisheries economy during 2016-20. Under the programme, the shrimp industry will actively produce varieties of black tiger shrimp and white leg shrimp to meet the demand of market demand. Meanwhile, the Ministry of Agriculture and Rural Development as well as other State management agencies have removed many obstacles in export procedures to create favourable conditions for export enterprises. The shrimp sector now has many favourable conditions with the Government’s higher attention, including opening of material production centres and solutions on supplying raw material, according to a representative of Minh Phu Seafood … [Read more...] about Vietnam to gain 4.8 billion USD from shrimp exports
Breakfast @ Tuoi Tre News – February 8
Check out the news you should not miss today, February 8: Politics -- Vietnam's Party General Secretary Nguyen Phu Trong on Wednesday held a reception for 90 delegates from 25 countries and territories worldwide, who represented 4.5 million overseas Vietnamese to join the “Xuan Que Huong 2018” (Homeland Spring 2018) program on the occasion of the Lunar New Year, or Tet, holiday. -- A delegation of Cambodian government officials on Wednesday conferred the Cambodian Order of Friendship on 12 Vietnamese organizations and individuals for their cooperation in organizing activities for the “Year of Vietnam-Cambodia Friendship” last year. Society -- Phan Van Anh Vu, aka Vu 'nhom', who was last year arrested on two counts of “deliberately disclosing state secrets” and “tax evasion,” has received an additional charge of "abuse of positions and powers while on duty,” the Security Investigation Agency under Vietnam's Ministry of … [Read more...] about Breakfast @ Tuoi Tre News – February 8
Over 8,000 join int’l marathon event in Ho Chi Minh City
Over 8,000 amateur local and foreign runners gathered in Ho Chi Minh City on Sunday for the fifth edition of HCMC Marathon, one of Vietnam’s biggest marathon events. Formerly known as HCMC Run, HCMC Marathon is an annual event jointly organized by the Ho Chi Minh City Athletics Federation and Pulse Active – a locally based advertising solutions company – in association with the municipal Department of Culture and Sports. The multiple-distance HCMC Marathon 2018 was joined by more than 8,000 local and international runners who took part in separate runs ranging from five kilometers to 42.195 kilometers in length across the streets of District 7. Over 800 foreigners signed up for the half-marathon and marathon distances with a registration fee of up to VND1.7 million (US$75) per person. Vietnamese nationals were entitled to a slightly lower fee, at VND800,000 ($35) to VND1.36 million ($60) per registration for the marathon distance. Despite the relatively … [Read more...] about Over 8,000 join int’l marathon event in Ho Chi Minh City