VinaCapital officially ends investment in poultry firm Ba Huan Ba Huan JSC, the country's leading pasteurized eggs and poultry meat producer, has decreased its charter capital from VND280 billion (US$12 million) to VND222 billion (US$9.53 million), effectively ending the involvement of VinaCapital, one of the two largest asset management firms in Vietnam, with the company. This results in an increase in the stake holding of domestic shareholders from 66.2% to 83.6%, of which Ba Huan's Director Pham Thi Huan owns 64%. In Feburary, VinaCapital`s flagship fund Vietnam Opportunity Fund (VOF) invested US$32.5 million to acquire a significant minority stake in Ba Huan. However, in early July, Ba Huan sought Prime Minister Nguyen Xuan Phuc's intervention in terminating its partnership with VinaCapital. The firm said there were differences between the English and Vietnamese versions of the agreement and the terms were not what the two parties had agreed initially. Among … [Read more...] about BUSINESS NEWS IN BRIEF 10/10
Myanmar cycling federation
Vietnamese cyclist en route to earning Olympic spot
Top Vietnamese female cyclist Nguyen Thi That (middle). (Photo: mediacdn.vn) Hanoi (VNS/VNA) - Top Vietnamese female cyclist Nguyen Thi That will likely earn a ticket to compete in the 2020 Summer Olympics in Tokyo, Japan. The International Cycling Federation (UCI) has announced that That ranks 33rd in the world. It means she can play in Tokyo in 2020. Under the rules of the UCI, cyclists in the world’s top 100 are automatically qualified to compete in the Olympics. With her present form, That is expected to stay in the top 100 from now until the end of this year when the UCI will announce the official Olympian list. That won the one-day woman’s cycle race Dwars door de Westhoek in Belgium on June 3 which attracted over 150 cyclists from many nations around the world. The 25-year-old girl from the southern province of An Giang is training in UCI World Cycling Centre in Switzerland to prepare for the Asian … [Read more...] about Vietnamese cyclist en route to earning Olympic spot
Thật en route to earning Olympic spot
Top Vietnamese female cyclist Nguyễn Thị Thật (middle). — Photo mediacdn.vn Viet Nam News HÀ NỘI — Top Vietnamese female cyclist Nguyễn Thị Thật will likely to earn a ticket to compete in the 2020 Summer Olympics in Tokyo, Japan. The International Cycling Federation (UCI) has announced that Thật ranks 33rd in the world. It means Thật can play in Tokyo in 2020. Under the rules of the UCI, cyclists in the world’s top 100 are automatically qualified to compete in the Olympics. With her present form, Thật is expected to stay in the top 100 from now until the end of this year when the UCI will announce the official Olympian list. Thật won the one-day woman’s cycle race Dwars door de Westhoek in Belgium on June 3 which attracted over 150 cyclists from many nations around the world. The 25-year-old girl from the southern province of An Giang is training in UCI World Cycling Centre in … [Read more...] about Thật en route to earning Olympic spot
Breakfast @ Tuoi Tre News — February 14
Here are the news stories you should not miss today: Politics -- Party General Secretary Nguyen Phu Trong chaired a meeting with incumbent and former Party, state and National Assembly leaders on the occasion of the traditional Tet holiday at the Presidential Palace in Hanoi on Tuesday, expressing his optimistic outlook on Vietnam’s development in 2018. Society -- The suspect of the murder of a 23-year-old woman in a pharmacy in Ho Chi Minh City earlier this week was nabbed when hiding in the south-central province of Phu Yen on Tuesday. -- The driver of a Camry car fled the scene after crashing into several motorbikes, a taxi and a seven-seater car, injuring the two-wheeler drivers to hospital, in Hanoi on Tuesday. -- Ho Chi Minh City leaders joined 600 outstanding and poor workers in a pre-Tet celebration at the local Suoi Tien Theme Park on Tuesday, three days before the Lunar New Year holiday begins. Business -- Vietnam’s benchmark VN-Index closed Tuesday at … [Read more...] about Breakfast @ Tuoi Tre News — February 14
One more bronze for Vietnam at Asian cycling event
Mai finished third in the individual women’s U23 70km road race competition in 1hr 59.56min. Zixin Liu from China took gold in 1:59.45, while her compatriot Jiajun Sun won the silver medal in 1:59.50. Seventeen cyclists from nine nations participated in this category. Earlier, Nguyen Thi That won a gold medal in the women’s 106km road race and Huynh Minh Nghia took a bronze medal in the time trial 22km event. The tournament, which attracted the participation of a total of 415 cyclists from 23 nations, was organised by Asian Cycling Confederation and Myanmar Cycling Federation under the supervision of Ministry of Health and Sports. … [Read more...] about One more bronze for Vietnam at Asian cycling event
Vietnam proposed to turn Vovinam into SEA Games 28
(Cinet)– Recently, some countries such Laos, Cambodia, Myanmar, Indonesia and Vietnam have proposed to turn Vovinam into an official game in SEA Games 28 in the session of the Sub-Committee on Sport and Law of the Southeast Asian Sport Federation. General Secretary of the World Vovinam Federation – Mr. Vo Danh Hai said Vietnam has actively lobbied the host country. According to Hai, the World Vovinam Federation will help Singapore develop the Vovinam movement and establish the national Vovinam federation. After that, Vietnam will send experts to help Singapore develop the martial art and train its national team. Now, the host country - Singapore, suggested 36 sports for the next SEA Games. Up to 34 sports are Vietnam’s key sports, including athletics, swimming, weightlifting, taekwondo, shooting, karate, badminton, table tennis, football, volleyball, judo, wushu, Sepak Takraw, fencing, gymnastics, Pencak Silat, archery, cycling and tennis. … [Read more...] about Vietnam proposed to turn Vovinam into SEA Games 28
Government invests into Vietnam’s sports about VND600 billion
(Cinet)- The Government is expected to invest about VND600 billion ($29 million) in developing sports during 2013 as a preparation for a busy year of tournaments as well as competitions at coming international events.2013 is the break-through year of Vietnam’s sports and the sport sector must have a drastic change to have the long-term preparation for the future.The biggest event on the calendar will be the 27th Southeast Asian Games in Myanmar in December.Ministry of Culture, Sports and Tourism has decided to spend nearly VND600 billion (around $30 million) in developing sports in 2013, including over VND146 billion to prepare for the 27th SEA Games this year.The investment will not be spread as widely across all sports, as was the case in the past.According to Lam Quang Thanh, Deputy Head of the National Sport Administration, more than 46 billion VND will be spent on preparations to compete at the Games as the competition is regarded as a valuable chance to improve performances … [Read more...] about Government invests into Vietnam’s sports about VND600 billion