Thursday , August 18 2022

Business

Business

HAGL fined for giving loans to chairman, shareholders

HAGL fined for giving loans to chairman, shareholders

The State Securities Commission said it has fined agricultural company HAGL VND245 million (US$10,470) for giving loans to shareholders, including its chairman, and filing delays. The company gave them loans worth hundreds of billions of dong last year, including more than VND100 billion to chairman Doan Nguyen Duc, who owns …

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IFC buys bonds worth $25.6 mln from Vietnamese agri firm

IFC buys bonds worth $25.6 mln from Vietnamese agri firm

The World Bank’s International Finance Corp will buy VND600 billion ($25.6 million) worth of convertible bond to be issued by Vietnamese pork producer and feed mill operator BaF. The private placement is expected to be done during this half to fund the expansion of BaF’s farm and food businesses, the …

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Novartis, FPT Long Chau partner to support cardiovascular patients

Novartis Vietnam and FPT Long Chau pharmacy chain signed an agreement on Monday to implement the “Heart Protection” project to improve the quality of healthcare for cardiovascular patients in Vietnam. With this signing ceremony, Novartis and FPT Long Chau launched a comprehensive partnership focusing on strengthening the consultation capability of …

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Vietnam visa policy rebuffs foreign retirees’ love

Foreigners see Vietnam as an ideal place for retirement with friendly people, natural landscapes and diverse tourism activities, but strict visa policies are keeping them away. Peter Zimmermann from Germany said he and his wife have been coming to Vietnam for 5-6 months every winter since 2013 and they always …

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VN-Index closes 4th session in the green

VN-Index closes 4th session in the green

Vietnam’s benchmark VN-Index rose 0.05 percent to 1,275.28 points Wednesday, its fourth straight session in the green. The index closed 0.59 points higher after gaining 0.49 points on Tuesday. Trading on the Ho Chi Minh Stock Exchange (HoSE) increased by 18.26% to VND17.67 trillion ($755.01 million). The VN-30 basket, comprising …

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Hue to launch open-top tour buses from next month

Hue will launch open-top buses running through famous tourist attractions in the former imperial capital from Sept. 1 to improve travel experiences. The buses will depart from Toa Kham Wharf next to the Huong (Perfume) River carrying passengers past a series of tourist landmarks like Thien Mu Pagoda, the Imperial …

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Crab exports skyrocket

Crab exports skyrocket

Vietnam crab exports rose 41% to $111 million between Jan. 1 and July 15 this year, according to data from the Vietnam Association of Seafood Exporters and Producers (VASEP). The U.S, China, Japan and France were the four major markets accounting for 92% of the value. China was the fastest …

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Stavian Group – a workplace that embraces diversity, inclusion

As a leading multi-industry and multinational corporation, Stavian Group respects cultural diversity in the workplace, becoming one of the “Best companies to work for in Asia.” Stavian Group has about 2,000 employees globally and presents in over 100 markets. As a multinational corporation, cultural diversity is a huge barrier for …

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