New firm number down, registered capital up in two months The numbers of newly businesses declined in both February and the first two months of 2019, but their average registered capital increased The numbers of newly founded businesses declined in both February and the first two months of 2019, but the average registered capital per firm increased, according to the General Statistics Office (GSO). In February, 5,900 new companies were set up with total registered capital of 96.3 trillion VND (4.13 billion USD), the GSO said, attributing the month-on-month decrease of 41.5 percent in number of firms partly to the week-long Lunar New Year holiday in February. However, the registered capital of each firm rose 8.8 percent on average to 16.3 billion VND. Almost 15,980 new businesses were founded in the first two months with combined capital of 247.4 trillion VND. The respective figures dropped 14.6 percent and rose 25.4 percent from a year earlier. Including the 531.2 trillion VND … [Read more...] about BUSINESS IN BRIEF 2/3
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Friday newsletters always feature travel contests, tips, series, or news. Today (February 22, 2019): February 2019 luxury travel news. Every last Friday of the month, you can read my news round-up of what’s happening in the world of luxury travel. In this issue: InterContinental Hotels takes over the Six Senses brand British Airways unveils stunning retro livery Mandarin Oriental opens an ultraluxe Dubai resort Air France unveils new A330 Business Class product Aman announces a new property in Japan Grand Hyatt New York to be torn down and redeveloped Boeing is developing a supersonic plane A Virgin Atlantic plane breaks the speed record (faster than the speed of sound!) Rosewood announces a resort on the Island of Hawaii Rosewood Bangkok will open in March 2019 Airbus puts super jumbo A380 out of production A new ultraluxe resort opens in the Maldives Air Senegal’s unveils its new A330-900neo Business Class 1. InterContinental Hotels … [Read more...] about Travel news: this month (February 2019) in luxury travel
M&A makes up majority of foreign capital inflows Some US$6 billion out of US$7.63 billion in foreign investment capital pledged to HCMC last year came from capital contributions, share acquisitions and purchases of stakes from domestic businesses. HCMC vice chairman Le Thanh Liem said at a conference in Binh Duong Province on February 14 that the pledged investment capital from foreign investors for HCMC last year picked up by 15.59% against the previous year. Of these, there were 1,060 new projects, with total registered capital of US$811.68 million, and 244 projects with additional capital of over US$835 million. Last year also saw 3,283 cases in which foreign investors received approval to contribute capital, buy shares and contribute capital to domestic firms, with registered capital totalling US$5.99 billion. With these results, HCMC received around 60% of foreign capital. According to Liem, the 2014 investment law has provided a favorable legal corridor for foreign investors … [Read more...] about BUSINESS NEWS IN BRIEF 19/2
During the height of the Space Age, the United States and the Soviet Union bushwhacked a frantic path to the lunar surface, landing nearly 20 spacecraft softly on the moon between 1966 and 1976, including the six carrying NASA’s Apollo astronauts. But after the last of these missions, a robotic Soviet probe that brought back six ounces of lunar soil, Earth’s closest neighbor was virtually abandoned. The public and politicians lost interest. While the occasional orbiter has launched to survey the moon since then, in more than 42 years only one spacecraft touched down softly on the lunar surface: China’s Chang’e 3 in 2013. However, the moon, often referred to as the eighth continent, is again the center of a reinvigorated space race that, like any good Hollywood reboot, features a new cast of characters and novel story lines. There is the rise of China, which on Jan. 3 landed a spacecraft on the far side of the moon, a historic first. This month, an Israeli … [Read more...] about NASA wants to get to the moon ‘as fast as possible.’ But countries like China and India are racing there, too.
Japanese personnel provider enters Vietnamese market Representative from Sunwell Solutions Vietnam Yoshioka Reito (R) A representative from Japan’s Sunwell Solutions JSC said on January 23 that its Vietnamese office officially became operational earlier this month. Sunwell Solutions, with eight years experience in providing human resources solutions, aims to increase opportunities for outstanding Vietnamese engineers working at Japanese firms and develop relations between Japanese employers and Vietnamese employees. Yoshioka Reito, a representative of Sunwell in Vietnam, stressed that although it has been established for nine years with highly technical staff, Sunwell is looking to expand its business to great customers, focusing on key fields such as information technology, automobile technology, and refinery projects. According to Reito, Vietnam’s high-quality engineers are able to meet the requirements of Japanese businesses. Sunwell was established with … [Read more...] about BUSINESS NEWS IN BRIEF 25/1