VN Central Bank asks banks to rectify hotline issues The State Bank of Viet Nam (SBV) has asked banks to provide enough switchboard operators and improve technical infrastructure to process complaints efficiently. The SBV said it found through monitoring that the hotlines of some banks were not operating effectively, making it very difficult for customers and cardholders to request assistance in emergency cases. This has been a cause for concern and has been reported in different forms of mass media. In order to ensure the quality of services, the State Bank has required banks to address the issue to promptly receive and handle the inspection and complaints of customers. Banks must take the initiative in explaining and promptly responding to opinions expressed on mass media regarding the quality of card payment services to avoid pulling down consumer trust in the quality of payment services offered by banks and the development of non-cash payment regulations by the … [Read more...] about BUSINESS IN BRIEF 22/6
Silk path
VNE sells entire stake in Hue Green Tourism
Viet Nam Electricity Construction Joint Stock Corporation (VNE) has sold its entire stake in Hue Green Tourism Joint Stock Company for more than VND279.3 billion (US$12.3 million), the company announced. In its filing to HCM Stock Exchange on June 18, VNECO said it had sold 20.77 million shares, equivalent to 99.86 per cent of Hue Green Tourism’s capital, to three investors for VND13,499 per share. The transfer price was double its price of VND6,480 per share on the HCM Stock Exchange on June 18. Hue Green Tourism, which manages the four-star Green Hue Hotel, is no longer a subsidiary of VNE since June 18, the company said. The buyers of VNE’s stakes are Silk Path Hotel Joint Stock Co, which purchased nearly 20.4 million shares, and two individuals – Bui Tu Phuong, director and legal representative of Silk Path Hotel, and Ta Dam Hung. Silk Path Hotel, with a charter capital of VND383 billion, has two hotels in Ha Noi and a five-star hotel in Sapa. The divestment of … [Read more...] about VNE sells entire stake in Hue Green Tourism
Stock market briefs
Stock market briefsThe Saigon Times Daily HCMC – Everpia Company (EVE) will issue US$10.1 million worth of international unsecured convertible bonds in a private placement in South Korea. The five-year debt will carry a fixed coupon rate of 1% per year for the semiannual payments. The bonds will be converted at the price of VND18,245 per share after a year from the issuance date. Otherwise, EVE will pay the coupon rate of 3.5% per year. HCMC – Vietnam Electricity Construction Corporation (VNE) has completed the transfer of its entire 20.7 million shares, or a 99.86% stake, in VNECO Hue Green Tourism JSC. It sold nearly 20.4 million shares to Silk Path Hotel Co., Ltd., while two individuals---Bui Tu Phuong and Ta Dam Hung---purchased 208,000 shares and 178,000 shares, respectively. VNE earned nearly VND280 billion from the divestment given the selling price of nearly VND13,500 per share. HCMC – Ben Thanh Rubber Company (BRC) aims to earn a net profit of VND16 billion … [Read more...] about Stock market briefs
BUSINESS IN BRIEF 19/4
Mining Vietnam 2018 kicks off in Hanoi The fourth International Mining and Minerals Recovery Exhibition for Vietnam (Mining Vietnam 2018) kicked off in Hanoi on April 18. Co-organised by the UBM Asia company and the Vietnam Chamber of Commerce and Industry’s Vietnam Exhibition Services Company Ltd, the biennial event took place for the first time in 2012 and has become a bridge connecting domestic and foreign firms and diversifying advanced technologies and equipment. The three-day exhibition attracts more than 137 enterprises from 18 countries and territories, including the UK, Czech Republic, Germany, Singapore, China and Australia. They displayed equipment, machinery and technologies used for mining on a site of 4,000 sq.m. Apart from well-known names such as Volvo, PET, Tamiha, Tsurumi, Vinza, YHI, Weir Minerals, the Vietnam National Coal and Mining Industries Corporation (Vinacomin) also joins the event. Tran Tu Ba, Director of the Vinacomin … [Read more...] about BUSINESS IN BRIEF 19/4
Real estate businesses honoured with awards
Fifty-four businesses and projects were honoured at the Viet Nam Property Awards 2018 in Ha Noi last Saturday in recognition of their significant contributions to the development of the real estate market. Fifty-four businesses and projects were honoured at the Viet Nam Property Awards 2018 in Ha Noi last Saturday in recognition of their significant contributions to the development of the real estate market. The awards were launched by the Viet Nam Real Estate Association (VNREA), the Management Agency for Housing and Real Estate Market under the Ministry of Construction and the VTV24 news centre. Speaking at the awards ceremony, Deputy Prime Minister Trinh Dinh Dung said after a period of decline, the real estate market has recovered and developed strongly, with both high liquidity and reasonable structure, helping modernise urban areas. The increasing areas of social housing projects have created homes for nearly 500,000 low-income people and workers at industrial parks, he said. … [Read more...] about Real estate businesses honoured with awards
54 excellent estate businesses, projects honoured
The awards were launched by the Vietnam Real Estate Association (VNREA), the Management Agency for Housing and Real Estate Market under the Ministry of Construction and the VTV24 news centre. Speaking at the award ceremony, Deputy Prime Minister Trinh Dinh Dung said after a period of decline, the real estate market has recovered and developed strongly with high liquidity and reasonable structure, helping modernise urban areas. Particularly, the increasing areas of social housing projects have created accommodations for nearly 500,000 low-income people and workers at industrial parks, he said. The awards encouraged domestic businesses to enhance corporate social responsibility, competitiveness and develop trademark to meet international standards, he added. To ensure sustainable and healthy development, it is necessary to improve relevant institutions, revise and supplement terms of the laws on construction, housing, and real estate business, and build a law on urban management and … [Read more...] about 54 excellent estate businesses, projects honoured
Silk Path Hotels Resorts opens French chateau inspired resort in Sa Pa
The 5-star Silk Path Grand Resort & Spa Sapa has officially opened its doors to welcome tourists to Sa Pa – the famous tourist magnet in the northern province of Lao Cai. Breathtaking: Nestled on its own picturesque hill, Silk Path Grand Resort & Spa Sapa offers panaromic views of the marvelous Hoang Lien Son mountain range. - Photo courtesy of Silk Path Located on the hill slope with a breathtaking view of the marvelous Hoang Lien Son mountain range, the charming resort’s design was inspired by the splendour of a French chateau, reflecting the classy architecture style which has been blended perfectly with vivid decorative ethnic patterns. Delicious: All-day dining Samu restaurant. - Photo courtesy of Silk Path Spread over two hectares, the property features 152 rooms divided into 10 categories, including Classic Room, Junior Suites, Executive Suite, Ambassador Suite, President Suite, Duplex Room and Bungalows. The accommodation at the resort is … [Read more...] about Silk Path Hotels Resorts opens French chateau inspired resort in Sa Pa
The 4th ASEAN Traditional Textile Symposium: “Traditions, innovations and interactions: Paving Creative Path for Traditional Textiles of Southeast Asia
(Cinet)- The 4th ASEAN Traditional Textiles Symposium with the theme “Traditions, Innovations, Interactions: Paving Creative Path for Traditional Textiles of Southeast Asia” will take place in Thai Nguyen province from March 15–18. It is the first time Vietnam will host such a large event. It will help introduce the unparalleled weaving crafts of the country’s ethnic minority groups to international friends.The first will focus on traditional weaving villages’ transition to light industry, while the second will discuss the preservation of weaving and embroidery fabrics in museums. The symposium will hold an exhibition showcasing the history of the textile industry, tracing its growth from the self-sufficient economy all the way through to modern industrial production. A fashion show will model the traditional dresses of Vietnamese ethnic minorities as well as the special fashions of participating countries.Vietnamese artisans will demonstrate their … [Read more...] about The 4th ASEAN Traditional Textile Symposium: “Traditions, innovations and interactions: Paving Creative Path for Traditional Textiles of Southeast Asia
218 shows Vietnam’s got talent
VietNamNet Bridge – A young man’s passion and resolve inspires a team of dancers to put on a show that dazzles judges and audiences while lighting up the Asia Got Talent stage in Singapore, An Vu reports.All he wanted to do was dance.It is not often that an IT engineer gives up his vocation to pursue a passion for dancing, but not even his parents’ strong disapproval could deter Nguyen Chan Tin.Soon after getting his degree in Information Technology, the young graduate joined the Vocational Ballet School of HCM City (VBSH).And a year before he graduated from the VBSH, he founded a dance troupe called 218 (after the date of its founding, 21 August 2012), bringing together a group of young people who shared his passion.Tin, however, had not let go of his technological know-how. He and his troupe saw a way to combine both to good effect.In fact the effect was so good that the largest continent in the world took notice.For the first time in three years of Asia’s Got … [Read more...] about 218 shows Vietnam’s got talent
218 shows Việt Nam’s got talent
A young man’s passion and resolve inspires a team of dancers to put on a show that dazzles judges and audiences while lighting up the Asia Got Talent stage in Singapore, An Vũ reports. All he wanted to do was dance. It is not often that an IT engineer gives up his vocation to pursue a passion for dancing, but not even his parents’ strong disapproval could deter Nguyễn Chấn Tín. Soon after getting his degree in Information Technology, the young graduate joined the Vocational Ballet School of HCM City (VBSH). And a year before he graduated from the VBSH, he founded a dance troupe called 218 (after the date of its founding, 21 August 2012), bringing together a group of young people who shared his passion. Tín, however, had not let go of his technological know-how. He and his troupe saw a way to combine both to good effect. In fact the effect was so good that the largest continent in the world took notice. For the first time in three years of … [Read more...] about 218 shows Việt Nam’s got talent