A hydropower plant of Chaleun Sekong Group in Laos HAGL has released information to put 248 million shares in Hoang Anh Gia Lai Hydro Power JSC, equaling 99.4 per cent stake, on sale. This movement shows the withdrawal from ineffective business and investment sectors in order to focus on the agricultural sector. Previously, in its financial statement for the second quarter of this year, HAGL reported that Chaleun Sekong Group from Laos signed a contract to buy Nam Kong 2 and Nam Kong 3 hydropower plants owned by Hoang Anh Gia Lai Hydro Power for VND2.53 trillion ($110 million). So far, Chaleun Sekong completed the payment of VND2.25 trillion ($97.83 million). It is not the first time that HAGL divested a hydropower project. In mid-2016, the group sold six hydropower plants to Bitexco Group for VND2.1 trillion ($91.3 million). The move to withdraw from the two above plants marks the end of HAGL's journey in the hydropower sector. Besides, in order to mobilise investment capital for … [Read more...] about Chaleun Sekong Group acquires two hydro power plants of HAGL
Hoang anh gia lai tuyen dung
Belgian Ambassador visits Kon Tum to review Belgian-funded projects
Community Belgian Ambassador visits Kon Tum to review Belgian-funded projects The Saigon Times Daily Monday, Dec 16, 2019,13:29 (GMT+7) Belgian Ambassador visits Kon Tum to review Belgian-funded projectsThe Saigon Times Daily Belgian Ambassador to Vietnam Paul Jansen visits a kindergarten in Kon Plong District, Kon Tum Province - PHOTO: COURTESY OF EMBASSY OF BELGIUM HCMC - Belgian Ambassador to Vietnam Paul Jansen paid an official visit to the Central Highlands province of Kon Tum last week in order to get informed of the progress of Belgian-funded projects there. Over the past four decades, the Belgian Development Cooperation has supported Vietnam in a number of areas, from infrastructure to poverty reduction, social development, education, public health, water and sanitation. Kon Tum is the first locality in the Central Highlands selected by the Belgian Development Cooperation for support via different channels, … [Read more...] about Belgian Ambassador visits Kon Tum to review Belgian-funded projects
Conquering Po Ma Lung Mountain
Po Ma Lung in Lai Chau Province is among Vietnam’s top 10 tallest mountains, attracting scores of climbers with its challenging route. The mountain, 2,967 metres high, is located in Lang Village in Phong Tho District in the mountainous northern region. It is infamous for its length and roughness, with its first pitstop accessible after a trek of eight to nine hours. From Lang Village, visitors walk about 5 km along the hillside before reaching the foot of Po Ma Lung, from which climbers ascend 20 km to the top. The road hugs local irrigation channels before skirting a mighty waterfall. This journey provides stunning jungle greenery and magical terraced fields, with a few small houses dotting the valley below. Photo: Dan Viet/CAND Thanh Van … [Read more...] about Conquering Po Ma Lung Mountain
HCMC, Mekong Delta localities cut deal to rev up tourism cooperation
Tourism HCMC, Mekong Delta localities cut deal to rev up tourism cooperation By Huynh Kim Monday, Dec 16, 2019,13:42 (GMT+7) HCMC, Mekong Delta localities cut deal to rev up tourism cooperation By Huynh Kim A bird's eye view of Ha Tien City in Kien Giang Province. Leaders of HCMC and 13 localities from the Mekong Delta region have signed a cooperation agreement to develop tourism in the 2020-2025 period - PHOTO: THANH NIEN BAC LIEU - Leaders of HCMC and 13 localities from the Mekong Delta region have signed a cooperation agreement to develop tourism in the 2020-2025 period at a function held in Bac Lieu Province on December 14. Duong Thanh Trung, chairman of the Mekong Delta province of Bac Lieu, noted that despite its high potential, tourism in the Mekong Delta region has not developed well, leading to a lack of high-quality tourism centers and the provision of substandard tourism products. “Thus, the … [Read more...] about HCMC, Mekong Delta localities cut deal to rev up tourism cooperation
Banks and fintechs: the new and powerful union
The cooperation between banks and fintech firms is fundamentally changing the way the financial sector operates. “Without fintech, commercial banks’ Mobile Banking won’t be able to develop as seen today,” said Pham Tien Dung, director of the State Bank of Vietnam’s Payment Department. Fintech is present in many financial products, from the products for terminal users such as e-wallet, to products supporting the operation of financial institutions such as smart technology services and blockchain. The systems help reduce the cost of financial services, eliminate intermediaries and help financial services reach the most efficient level. The data control, information security and safety for customers and financial institutions have been upgraded significantly thanks to fintech. Mai Lan HCM City could become fintech hub: experts HCM City, the country’s commercial hub, has the potential to become a fintech hotspot of the country and region, … [Read more...] about Banks and fintechs: the new and powerful union