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The People’s Committee of Quang Tri Province in central Vietnam is seeking in-principle approval from Prime Minister Nguyen Xuan Phuc for the construction of Quang Tri Airport, while the fellow central province Thua Thien-Hue is proposing the expansion of its own Phu Bai Airport. As per Quang Tri’s proposal, the new airdrome project will be led by the municipal People’s Committee and funded by public-private partnership (PPP) sources. PPP involves a cooperation deal signed between a public authority and a private party, in which the private party provides a public service for the project and assumes financial, technical, and operational risks. Earlier on January 26, the Ministry of Transport approved the plan for Quang Tri Airport for 2030, which envisions the infrastructure as a domestic airport for both civil and military purposes. According to the plan, Quang Tri’s namesake airdrome will span a lot of over 316 hectares in Gio Mai Commune, Gio Linh District. The project is … [Read more...] about Central Vietnam province eyes construction of new airport

Small investors oppose expanding trading lot Ho Chi Minh City Stock Exchange (HOSE)’s proposal to raise the minimum trading lot to 1,000 shares is receiving mixed opinions from market experts and investors. The proposal was initiated by newly-appointed General Director of HOSE Le Hai Tra as a solution to reduce system overloads which have troubled traders recently. A 1,000 minimum trading lot will limit the participation of small investors, while the stock market is moving towards fairness and equality, said a budding investor. “My friends and I, when joining the stock market, only have a few tens to several hundreds of millions of dong, raising the minimum trading lot to 1,000 shares will directly affect our investment capacity,” said individual investor Diep. “With expensive stocks, we may have to spend hundreds of millions of dong to buy the minimum 1,000 shares,” she said. According to Diep, the stock market has never had such a chance for growth. New cash flow into … [Read more...] about VIETNAM BUSINESS NEWS MARCH 8

Shares cut early gains to end lower as bank stocks decline Vietnamese shares trimmed early gains on Monday with the VN-Index closing lower as banking stocks came under selling pressure towards the final minutes of trading. The benchmark VN-Index on the Ho Chi Minh Stock Exchange edged down 0.04 per cent to close at 1,168.27 points. It had risen 0.02 per cent last week. More than 652.7 million shares were traded on the southern bourse, worth VND15.6 trillion (US$673.9 million). Market breadth was positive with 274 gaining stocks and 183 losers. After the lunch break, the market fluctuated in a quite negative direction as many banking stocks dropped sharply and pushed the VN-Index down to the reference level. Asia Commercial Bank (ACB) fell 2 per cent to VND31,800 per share, VPBank (VPB) lost by 1.1 per cent to VND41,350 per share, Vietcombank (VCB) declined by 1.5 per cent to VND95,200 per share and Techcombank (TCB) dropped by 0.9 per cent to VND38,850 per share. On … [Read more...] about VIETNAM BUSINESS NEWS MARCH 9

The new IBM study about gender equality covers 10 industries and nine geographic regions The study also shares the actions that can help drive bold and sustainable change in business, with learnings from companies who rank gender inclusivity as a top business priority. The global study “Women, leadership, and missed opportunities” which follows similar research published in 2019, also shows that gender equity may be at a crossroads, with the leadership pipeline for women shrinking. Fewer women surveyed hold senior vice president, vice president, director and manager roles in 2021 than they did in 2019. “The data show that many women leaders are experiencing challenges at this moment. If these issues are not addressed more deeply than in prior years, there is a risk of progress backsliding further,” said Bridget van Kralingen, senior vice president, global markets, IBM and senior executive sponsor of IBM Women's Community. “We should seize creative solutions now and redouble … [Read more...] about IBM releases inclusive study about gender equality

The Hanoitimes - The demand on online shopping in Vietnam is increasing, bringing positive results to e-commerce platforms in Vietnam. Even though the first months of every year is the low season for shopping, e-commerce sites in Vietnam have seen a surge in orders in the January-March 2020 period as the Covid-19 pandemic changes consumers' behavior. Tiki, the leading e-commerce platform in terms of web traffic, reported 15% growth in shopping demand since the beginning of February compared to the last two months of 2019. According to the Vietnamese e-commerce platform, its orders reached 3,000-4,000 every minute in the fourth quarter of 2019, the time of the e-shopping festival. “This shows the significant increase in the shopping needs of Tiki consumers since the Covid-19 outbreak,” Vice President of Corporate Development Ngo Hoang Gia Khanh told Hanoitimes . Owning 593 physical stores, a representative of FPT Digital Retail JSC (FRT) told Hanoitimes that the … [Read more...] about Covid pandemic boosts online shopping in Vietnam