Việt Nam female team celebrate their SEA Games’ title last night. — Photo baoquocte.vn SEA Games HÀ NỘI — As well as shiny gold medals around their necks, Việt Nam’s triumphant women’s football team will also be in the money! After winning the SEA Games on Sunday following a 1-0 victory over Thailand, Nguyễn Ngọc Thiện, Minister of Culture, Sports and Tourism; the Việt Nam Football Federation (VFF); Hưng Thịnh Group; Director Lê Văn Kiểm of Long Thanh Golf Development Company awarded the team VNĐ1 billion ($43,500) each. Phạm Thanh Hùng, head of women's football department of the VFF gave the team VNĐ1.5 billion ($65,200). The team also received prizes from other individuals and enterprises such as Cửu Long Pharmaceutical Joint Stock Company, Bảo Hưng Company, Việt Nam … [Read more...] about Việt Nam female team awarded big for SEA Games’ title
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"The trade war is going beyond analysts’ ability to predict and forecast. It poses big challenges to countries which trade with the U.S. and China, including Vietnam," Deputy Minister of Trade and Industry Tran Quoc Khanh said at a recent meeting: Vietnam’s exports in the first six months rose 7.2 percent year-on-year, lower than the average growth of 11.6 percent in the last five years, according to customs data. RongViet Securities Corporation (VDSC) said in a newly-released note that export growth for the year could be 8 percent. It was 13.2 percent last year. The risk is even higher as China depreciates its currency to respond to the U.S.’s recent announcement of a tariff hike on $300 billion of its goods. The yuan slid to 7.0039 per dollar on Thursday as a result, the lowest level since April 2008. Economist Nguyen Tri Hieu said a depreciating yuan would pose a challenge to Vietnamese goods trying to enter China as cheaper Chinese goods will pour into … [Read more...] about Escalating trade war to hit Vietnam’s exports
In Vietnam, alcohol is big business. Every evening, people of all ages, mostly men, fill large beer halls for drinks after a long day at work. Multinational brewers find the Vietnamese market very attractive, and foreign brands like Heineken and Sapporo are hugely popular as are local ones like Saigon Special, 333, Hanoi and Truc Bach. Foreign companies have already bought stakes in local brewing giants like the Saigon Alcohol Beer and Beverages Corporation (Sabeco) and the Hanoi Beer Alcohol and Beverage Jsc., (Habeco). However, there are worries that the drinking habit is causing socio-economic problems that can worsen without curbs on consumption and marketing. A draft bill prepared by the Ministry of Health proposing several such curbs is currently being debated in the National Assembly (NA). The draft bill on the prevention of dangers of alcohol contains several prohibitions including: promotion in any manner of liquor with alcohol content of 15 degrees or more; ban on use of … [Read more...] about Should Vietnam drink more liquor or less? NA debates
The country had seven universities in the list for 2018 and five in 2017. The annual listing is compiled by Britain's QS Quacquarelli Symonds, a global higher education company. On this year's list, Vietnam National University-Ho Chi Minh City climbed up one place from last year to 143rd on the annual ranking. Its sister institution, Vietnam National University, Hanoi branch, fell 23 places to 147th this year while Ton Duc Thang University in HCMC made a big jump from the 291-300 group last year to 207th. The Hanoi University of Science and Technology maintained last year’s ranking in the 261-270 group, while Can Tho University in the Mekong Delta dropped from the 351-400 group to the 401-450 group. Hue University and Da Nang University in central Vietnam were placed in the 451-500 group. Duy Tan University, one of 68 new universities to make its debut in this year’s ranking, is also in this group. The QS Asia 2020 rankings are based on 11 criteria: academic reputation, … [Read more...] about Eight Vietnam universities among Asia’s top 500
Thai groups have invested in many business fields in Vietnam, from goods production to retail. The takeover of Sabeco, the brewer, and Binh Minh Plastics are two of the recent biggest deals made by Thai investors. Sabeco brings big money to Thai billionaire A report released on September 30 showed that Thaibev is holding 53.58 percent of Sabeco’s shares. Sabeco became the major driving force for Thaibev’s growth in the fiscal year commencing in October 2018 and ending in September 2019. The Thai group reported sharp growth rates in revenue (16 percent) and profit (33 percent). Sabeco’s sales increased by 44 percent, making an important contribution to Thaibev’s business performance. If not counting Sabeco’s achievements, the international beer sales will decrease compared with the same period last year because of weakening activities in ASEAN. Binh Minh Plastics prospers Kim Chi Heineken sells 5.2 million Sabeco's stocks Heineken is … [Read more...] about How do enterprises perform after they are bought by Thai firms?