Lawyers Luong Van Trung from the Vietnam International Arbitration Centre and Tran Thi Anh Tho from Lexcomm Vietnam LLC discuss whether Thai Beverage has the right to be on Sabeco’s The two layers weigh in their opinion about the Sabeco-Thai Beverage conflict A case that may affect Vietnam’s reputation on global markets On April 23, Sabeco will hold its extraordinary general shareholders’ meeting, less than six months after it held the share auction that saw Thai Beverage as the only buyer. According to Vietnamese laws and Sabeco’s charter, a shareholder with more than 5 per cent of the stake must hold the shares for six consecutive months or more before they are entitled to appoint nominees to the board. In this case, as Thai Beverage only acquired 53.59 per cent of Sabeco’s shares last December, technically speaking, the Thai investor has not had the right to appoint and vote its representative to be on Sabeco’s board yet. But should … [Read more...] about Lawyer-talk: can and should Thai Beverage gain control of Sabeco now?
3 wheel talks
VietNamNet Bridge – A year-long cycling trip from Hungary to Viet Nam expands horizons and strengthen bonds and understanding. Hong Van has an endearing story. Miles and miles: Peter Sas and Huong Linh welcomed by family and friends in Viet Nam on finishing a year-long cycling trip from Gyor in Hungary to Thai Nguyen in Viet Nam. As love stories go, there was nothing particularly surprising about Hungarian Peter Sas and Vietnamese Dong Thi Huong Linh meeting and tying the knot after a period of courtship. Happens all the time. However, that the affair started in Thai Nguyen Province is somewhat unusual. It is not often that a foreign exchange student chooses to do study in a locality based on his love for tea. The fact that the affair picked up again in Finland is a bit of a surprise too. But what the couple did for their … [Read more...] about Honeymoon on wheels goes the distance
Talk Around Town More and more women get behind the wheel by Thanh Ha Viet Nam is welcoming the age of the car with open arms. But that’s not the only change in the face of modern motoring as more and more women take the wheel. Juggling work and family is challenging enough without having to balance your kids on a motorbike but in the past it was very uncommon to see a woman driving a car. Today, as gender roles relax and women become more independent, many are going for the more comfortable and stylish alternative – a car. One of these new car owners is businesswoman Nguyen Thuy Hien from the northern province of Cao Bang. "Carting my kids about in all weathers was a real pain; sometimes in really bad weather they had to stay at home, so I decided to buy a car," she says. "Even though I’m very busy I signed up for four months of driving lessons. It was hard going, learning the theory and trusting myself to drive without the constant guidance of my teacher." But it … [Read more...] about More and more women get behind the wheel
This change can create a new leadership style and support the firm’s business performance and strategy. Staff restructuring also means a change in corporate culture, allowances and talent management? Many local enterprises have been besieged by a sharp decline in domestic consumption, high inventory levels, narrowed credit access and bad debts. VIR’s Khoi Nguyen finds out what solutions some big firms have deployed to ride out the storm and reap fruit. State-run Vinatex is one local firm which has managed to get its house in order and ride out the current economic storm. The textile and garment maker’s total revenue in this year’s first half was about $937.5 million, up 11 per cent on-year. Last year, Vinatex’s total revenue touched $1.73 billion, up 25 per cent on-year and exceeding its initial target by 3 per cent. Its profit was $64.4 million, up 26 per cent on-year and exceeding its initial target by 8 per cent. Vinatex’s deputy general … [Read more...] about Firms busy reinventing the wheel
We rode out of Dong Le under another grey, drizzly sky for a 92 kilometer cycle to Dong Hoi. The first couple of hours took us through the incredible landscape of Quang Binh province, where bright rice paddies fan out until they hit majestic limestone karsts. I also noticed a few reminders that this part of the country was heavily bombed during the American War - water-filled craters in rice paddies, and a few SUVs from the Mine Action Group, an organization that works to remove unexploded ordinance (UXO). Few people talk about the war here, but there are still ongoing problems related to it. We carried on through rapidly changing weather, where one stretch of road would be dry, only to run into light rain around the next corner. We stopped for lunch at a town before turning onto Highway 1 for the last 40km. This meant plenty of close encounters with psychotic bus and trucks drivers, but the smooth surface combined with a tailwind meant we smashed the distance. Dong Hoi is a … [Read more...] about Vietnam on Two Wheels: Part 5 – On the ‘Hue’ to Hue