Posts Tagged ‘ Private ’

TPG willing to invest $1 billion in Olympus 

January 14, 2012
TPG willing to invest $1 billion in Olympus 

A disassembled Olympus camera and its parts are seen in this illustrative photograph taken in Tokyo November 24, 2011. Private equity firm TPG Capital is willing to invest about $1 billion in Japan’s Olympus Corp in a joint deal with Sony Corp or another suitor circling the scandal-hit firm, a person familiar with TPG’s thinking [...]

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Vietnam private sector squeezed by rising costs 

January 11, 2012
Vietnam private sector squeezed by rising costs 

   A man works at a steel factory in Que Vo District, outside Hanoi . Many companies in Vietnam are facing higher operation costs and lower profits. An annual report that ranks Vietnam’s 500 largest companies based on revenues, profit, growth rate, assets, and number of employees shows that returns are declining for private companies. [...]

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Big gap remains from Tet, New Year bonus high of $52,300 

December 30, 2011
Big gap remains from Tet, New Year bonus high of $52,300 

Garment workers are among those receiving low Tet, New Year bonuses this year   Vietnam’s highest Tet and calendar New Year bonus for an individual this year as of December 27 was paid by a foreign-invested firm in Ho Chi Minh City at more than US$52,300. The company, which is not named, paid the country’s largest [...]

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Amazon weighed buying RIM, interest cooled 

December 21, 2011
Amazon weighed buying RIM, interest cooled 

A BlackBerry handset is displayed in Washington, December 15, 2011. Research In Motion Ltd has turned down takeover overtures from Amazon.com Inc and other potential buyers because the BlackBerry maker prefers to fix its problems on its own, according to people with knowledge of the situation. Amazon hired an investment bank this summer to review [...]

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Vietnam stamps out two private airlines 

December 9, 2011
Vietnam stamps out two private airlines 

  Vietnam’s transport ministry on Monday officially annulled the licenses of two private carriers, including Indochina Airlines, because they were inactive for a long time. The Ministry of Transport announced its decision about two days after local media reported that Indochina Airlines’ license had been revoked. The airline, which was the first private carrier to operate flights [...]

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Private low-cost carrier set to take off in Vietnam 

December 6, 2011
Private low-cost carrier set to take off in Vietnam 

  The first private airline licensed in Vietnam four years ago officially joined the market Friday, introducing itself as a low-cost carrier.   With its “Save more, fly more” slogan, VietJetAir aims to make air transport accessible to all Vietnamese and foreign tourists including low-income earners through affordable and flexible prices, the VietJet Aviation Joint Stock [...]

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Private airlines hit turbulence even before takeoff 

December 5, 2011
Private airlines hit turbulence even before takeoff 

  Five private airlines have been licensed in Vietnam since 2007, but each of them is struggling to take off, with one having already crash-landed. Air Mekong operates flights while VietJet Air is expected to commence services late this December after many delays. But the others are finding it hard to launch or, in the [...]

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Negative sentiment grows among investors 

December 3, 2011
Negative sentiment grows among investors 

Real estate has regained the top spot as the most attractive sector for private equity investment, Grant Thornton says. Private equity investors’ optimism in the Vietnamese economy has dropped sharply as they continue to worry about inflation, high interest rates and a slowdown in domestic growth, according to Grant Thornton. Negative sentiment toward the economy [...]

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108 entries for National Film Festival 

December 3, 2011
108 entries for National Film Festival 

A still in Canh dong bat tan (Floating lives) among 17 entries in the feature film category competing at this year’s Vietnam Film Festival 2011   More than 100 movies in various categories have been entered at the 17th National Film Festival to be held in the central coastal province of Phu Yen in mid-December. [...]

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Vietnam turning to private sector for infrastructure project funding 

November 29, 2011
Vietnam turning to private sector for infrastructure project funding 

Vietnam needs US$15-16 billion a year for its infrastructure projects Vietnam can only meet half of the capital it needs for infrastructure development and will have to seek more invesment from the private sector, according to a report on the government’s website. The country needs US$15-16 billion a year for its infrastructure projects, but the [...]

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Feature

Vietnam, Cuba foreign ministries to bolster ties

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Vietnam’s top diplomat has affirmed that the Foreign Ministry will closely cooperate with its Cuban counterpart to implement the agreements reached by the two...