KinderWorld has grown into a leading education group in Vietnam. Could you share about the group’s major activities and development milestones? Ricky Tan KinderWorld has been in Vietnam since the commencement of our first KinderWorld International Kindergarten in Ho Chi Minh City in 2000 and currently provides education services for students from 18 months to 18 years of age through three main brands –KinderWorld International Kindergarten, Singapore International School, and Singapore Vietnam International School. We offer three different programmes – International Programme, Integrated Programme, and Premium Vietnamese Education Programme – each providing different certifications, which gives us a competitive edge as we cater to the different needs of students. In April 2018, our subsidiary, KinderWorld Vietnam JSC was awarded the Bronze Award for Excellence in Provision of Literacy and Education Award (for companies with a market capitalisation of … [Read more...] about KinderWorld Vietnam A journey towards success
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Mekong Capital divests from Asia ChemicalsMekong Enterprise Fund II, a unit of Mekong Capital, has completely divested from Asia Chemicals Corporation (ACC) and taken in US$8.9 million, a 2.6-fold increase over its initial investment, after a seven-year holding period.According to a press release issued by Mekong Capital on August 10, in 2011, MEF II invested US$3.8 million in ACC, which was its 10th investment, after others in Mobile World Investment Group (The Gioi Di Dong), Golden Gate, Vietnam Australia International School and International Consumer Products.However, MEF II has now divested from all of its 10 earlier investments. The divestments have helped the fund generate a gross return multiple of 4.5 and a gross internal rate of return of 22.5%.Early this year, MEF II sold five million shares at Mobile World, generating a gross return multiple of 56.9 and an IRR of 61.1%, making it one of the most successful investments in Asia.Also, the fund’s full exit from Vietnam … [Read more...] about BUSINESS NEWS IN BRIEF 22/8
Human traffickers jailed for 80 years The People's Court in the southern Tay Ninh province yesterday sentenced 23 defendants to 80 years in jail for human trafficking, illegal money lending and fraud with the intent to appropriate property. The harshest sentence, 12 years and six months in jail, was given to Nguyen Truong Son, 39, the head of the ring, from Tay Ninh Province. His wife, Tran Thi Co, 34, was given a four-year jail sentence. The indictment by the provincial People's Procurary said the couple, along with other members of the gang, cheated and forced some 40 women to work at a karaoke bar. They also lent money to these women as monthly stipends at very high interest rates. The couple is believed to have earned more than VND1.2 billion (US$56,000) from such illegal money lending. In addition to being loan sharks, the couple also confessed that they had trafficked 20 women. Man killed in road accident The two vehicles, coming from opposite directions, collided head-on … [Read more...] about Social Headlines December 25
Government struggles to lure overseas Vietnamese talent back home; experts say it may take years After the Vietnam War ended in 1975, Jean Nguyen and her family moved to the US, where she then graduated at the top of her class at West Point, America's premier military academy, ten years later. US President Ronald Reagan called her an "American hero." Nguyen's story, and the story of US-Vietnam relations, came full circle that day. West Point was a driver of the killing of millions of Vietnamese and a million more Laotians and Cambodians during "The Vietnam War," which had caused Nguyen to leave. The country now finds itself lacking talented and trained workers, specialists and leaders. Historically, the cause has been war and colonialism and their lingering aftereffects. Currently, it might have to do more with bloated bureaucracies and business and management culture. Experts are mulling over what can be done in Vietnam to keep talent around, and draw in talent from … [Read more...] about Vietnam’s not got talent?
Chinese tourists resume visits to Viet Nam despite tensions Viet Nam ensures the security and safety of foreign tourists visiting the country, Deputy Minister of Culture, Sports and Tourism Ho Anh Tuan said yesterday. At his working session with the northern province of Quang Ninh, the deputy minister said that Chinese tourists have, in recent days, resumed tours to Viet Nam, mainly through the border gates in the northern provinces of Lang Son, Lao Cai and Quang Ninh. According to Vice Chairwoman of the provincial People's Committee, Vu Thi Thu Thuy, Chinese tourists travelled through the Mong Cai international border gate on tours to the province and other localities organised by Chinese travel companies. In 2013, the province catered for about 7.5 million visitors, including 2.6 million international guests. In the first five months of the year, Quang Ninh greeted 1.2 million foreign visitors, of whom Chinese and Taiwanese tourists made up 38 per cent. In May, East Sea tension … [Read more...] about Chinese tourists resume visits to Vietnam despite tensions