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Net worth top 1 percent

To many Vietnamese, US still a top overseas study destination in spite of Donald Trump

September 15, 2017 by robert Leave a Comment

The U.S. remains a hot overseas study destination for Vietnamese students. Just as its economy has managed to weather the global storm of the past few years, young Vietnamese people continue to flock overseas to study in large numbers, undeterred by Brexit, the 2016 U.S. presidential election and other potentially game-changing socio-political events. Among U.S.-bound international students, Vietnam is an outlier among the top 10 sending countries. Incredibly, it displaced Canada as the fifth-leading sending country in March 2017. The U.S. is the world’s second-leading host of Vietnamese students – after Japan – with over 30,000 at all levels, mainly in higher education, according to the latest figures. Unlike Japan, however, most young Vietnamese in U.S. higher education are enrolled in academic degree programs, mainly at the undergraduate level, while 12.5 percent are pursuing a graduate degree. In addition, 54.5 percent are female, in contrast to … [Read more...] about To many Vietnamese, US still a top overseas study destination in spite of Donald Trump

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Stock market sees 23 firms with over 1 billion USD

August 10, 2017 by robert Leave a Comment

An investor watches stocks move at Vietcombank Securities Company. Vietnam’s stock market has 23 companies valued at over 1 billion USD. (Photo: VNA) Hanoi (VNA) - Vietnam’s stock market has 23 companies valued at over 1 billion USD and most of them have reported higher business results in the first half of this year. Vinamilk (VNM), the biggest listed firm, is also the most profitable company with the six-month profit of nearly 5.9 trillion VND (258 million USD), up 18 percent over the same period of last year. In the first half, Vinamilk’s turnover from overseas markets shrank from 19 percent last year to only 15 percent this year, but takings from the domestic market rose by 10 percent, owing to heavy spending on advertisement worth around 396 billion VND. In terms of revenue, petrol retailer Petrolimex (PLX) was on the top of the list with over 74 … [Read more...] about Stock market sees 23 firms with over 1 billion USD

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Vietnam’s top brewer Sabeco tops up profit goal for 2017

April 5, 2017 by robert Leave a Comment

The company expects its annual sales to rise 3 percent against last year. Vietnam's biggest brewer Sabeco is aiming to push sales to more than 1.7 billion liters this year, an increase of 3 percent against 2016, in a bid to raise its annual revenue by 9 percent to VND34.5 trillion ($1.52 billion) and net profit by 1 percent to VND4.7 trillion ($207 million). The state-owned company also plans to raise its dividend payments from 30 percent to 35 percent, as agreed by its board of director. Those targets will be put on the table at a shareholder meeting on April 18. Company bosses said that price cuts on ingredients, a preferential tax policy on malt and stable market growth in rural areas, where Sabeco is the most competitive, are the reasons for the more positive targets. Sabeco, known for the Bia Saigon and 333 brands, is also preparing for fiercer competition on the domestic market following Belgium’s Anheuser-Busch InBev entry into the Vietnamese market. With the … [Read more...] about Vietnam’s top brewer Sabeco tops up profit goal for 2017

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VietJet Air seeks to proceed with $1.2 billion listing

February 9, 2017 by robert Leave a Comment

Vietnam's biggest private airline is expected to surpass flag carrier Vietnam Airlines this year as the nation's top domestic carrier. Vietnamese budget airline VietJet Air is preparing to list on the Ho Chi Minh Stock Exchange at a starting price of VND90,000 ($3.97) per share, it said in a filing to the exchange on Thursday, valuing the company at $1.19 billion. VietJet, Vietnam's biggest private airline, did not state a precise date for the listing but it had planned to join the exchange later this month. The company received a listing approval earlier this week from the Ho Chi Minh Stock Exchange. The airline had intended to list overseas by last year, but the plan was put on ice. Singapore sovereign wealth fund GIC and a Morgan Stanley investment fund are among 26 foreign investors which recently bought a stake in VietJet. Company CEO Nguyen Thi Phuong Thao, the nation's first female billionaire, is the biggest shareholder. The CAPA Center for Aviation has said that VietJet, … [Read more...] about VietJet Air seeks to proceed with $1.2 billion listing

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Bosses of five Vietnamese enterprises among Top 100 Asean Enterprises

December 13, 2014 by robert Leave a Comment

VietNamNet Bridge - Nikkei Asian Review recently selected the Top 100 largest enterprises in ASEAN, including five Vietnamese companies. Who are the bosses of these firms? The five Vietnamese representatives are the Commercial Bank for Foreign Trade of Vietnam (Vietcombank), FPT, PetroVietnam Gas, Vietnam Dairy Products (Vinamilk), and Vingroup. The companies were selected from six major ASEAN countries based on such factors as market capitalization and growth potential. ASEAN is a 10-member bloc comprised of Southeast Asian countries, Indonesia, Malaysia, the Philippines, Singapore, Thailand, Brunei, Cambodia, Laos, Myanmar, and Vietnam. Founded on September 13, 1988 and headquartered in Hanoi, FPT Corp. provides information, technology, and telecommunications products and services. FPT’s market capitalization is $789.58 million, according to data updated on November 21 by Nikkei Asian Review. The company posted $1.28 billion in revenue and a $263.38 million gross profit … [Read more...] about Bosses of five Vietnamese enterprises among Top 100 Asean Enterprises

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