Berjaya Vietnam CEO nominated to Vincom Retail board of directors

By Ta Phu, Hai Yen
Tue, April 2, 2024 | 2:40 pm GMT+7

Nguyen Hoai Nam, CEO of Berjaya Vietnam, subsidiary of Malaysian conglomerate Berjaya Corporation Berhad, has been nominated to the board of directors of Vincom Retail JSC for the 2023-2028 tenure.

Nguyen Hoai Nam, CEO of Berjaya Vietnam. Photo courtesy of Nam Huong Media.

Nguyen Hoai Nam, CEO of Berjaya Vietnam. Photo courtesy of Nam Huong Media.

The additional nomination is mentioned in an annual general meeting 2024 report released by Vingroup subsidiary Vincom Retail JSC, listed on the Ho Chi Minh Stock Exchange as VRE.

Nam, 54, has been leading Berjaya Vietnam since 2006. He also serves as chairman of the board of directors for several firms including Nam Huong JSC, Saigonbank- Berjaya Securities JSC (HoSE: SBBS), and NP Business Investments JSC.

He is also part of the councils of members at Berjaya-Hotay JV, which owns Sheraton Hanoi Hotel; Berjaya-Handico12 Limited Company, and Berjaya-D2d Company Limited.

 A Vincom Retail shopping mall. Photo by FinaShark.

A Vincom Retail shopping mall. Photo by FinaShark.

Earlier, on March 17, Vingroup approved the sale of a 100% stake in SDI Trading Development and Investment JSC, which owns Sado – the biggest shareholder in Vincom Retail with a 40.5% stake.

This year, Vincom Retail, the largest mall operator in the country, has targeted VND9.5 trillion ($383 million) in revenues and VND4.42 trillion in net profit, both slightly higher than its 2023 results.

It plans to launch six shopping malls this year, comprising two Vincom Mega Mall and four Vincom Plaza outlets, raising its national tally to 89 across 48 of 63 cities/provinces.

Comments (0)
  • Read More
Taiwan electronics firm Lite-On to start $690 mln Vietnam project soon

Taiwan electronics firm Lite-On to start $690 mln Vietnam project soon

Taiwan-based Lite-On Technology Corporation, a world-leading provider in optoelectronics and power management, is set to start its $690 million investment in Vietnam next month.

Industries - Mon, October 28, 2024 | 11:01 am GMT+7

PM Chinh asks hypermarket chain Lulu to bring UAE investors to Vietnam

PM Chinh asks hypermarket chain Lulu to bring UAE investors to Vietnam

Vietnamese Prime Minister Pham Minh Chinh has called on LuLu Group International, with its extensive network of branches, to bring potential investors from both within and outside the United Arab Emirates (UAE) to invest in Vietnam.

Industries - Mon, October 28, 2024 | 10:45 am GMT+7

Gov’t support, new laws spark resumption of stalled property projects: Vietnam realtors

Gov’t support, new laws spark resumption of stalled property projects: Vietnam realtors

A number of stalled property projects in Vietnam have resumed construction on the back of the government’s support and improved legal framework.

Real Estate - Mon, October 28, 2024 | 7:27 am GMT+7

Thailand’s automobile output down 25.5% in September

Thailand’s automobile output down 25.5% in September

The Federation of Thai Industries (FTI) on Thursday reported that automobile production in the country fell 25.5% in September from a year earlier.

Southeast Asia - Sun, October 27, 2024 | 7:48 pm GMT+7

Singapore fully implements passport-less clearance at Changi airport

Singapore fully implements passport-less clearance at Changi airport

The Immigration and Checkpoints Authority (ICA) of Singapore on Thursday announced that since September 30, it has fully implemented passport-less clearance across all four terminals at Changi Airport.

Southeast Asia - Sun, October 27, 2024 | 7:47 pm GMT+7

Six Thai destinations honored for sustainable tourism

Six Thai destinations honored for sustainable tourism

Six Thai destinations have been recognized for their efforts in sustainable tourism as part of the Green Destinations Top 100 Stories initiative.

Southeast Asia - Sun, October 27, 2024 | 7:44 pm GMT+7

Vietnam to add 6,793 MW to power sources in 2025, fulfilling electricity demand

Vietnam to add 6,793 MW to power sources in 2025, fulfilling electricity demand

Vietnam is set to add 10 new power source projects with a total capacity of 6,793 MW in 2025, fulfilling the country's electricity demand next year, says state utility Vietnam Electricity (EVN).

Energy - Sun, October 27, 2024 | 5:00 pm GMT+7

PPP funding, special mechanism proposed for $363 mln central Vietnam airport

PPP funding, special mechanism proposed for $363 mln central Vietnam airport

Vietnam’s central province of Khanh Hoa has proposed developing Van Phong international airport through a public-private partnership with an initial estimated cost of VND9.2 trillion ($363 million).

Infrastructure - Sun, October 27, 2024 | 3:00 pm GMT+7

Taiwan cooling solution firm AVC doubles Vietnam investment to $400 mln

Taiwan cooling solution firm AVC doubles Vietnam investment to $400 mln

Asia Vital Components (AVC), a Taiwan-based cooling solution provider, will increase its investment in Vietnam’s northern province of Ha Nam to $400 million.

Industries - Sun, October 27, 2024 | 1:30 pm GMT+7

Vietnam plans to invest $13 bln in 2 railways linking to China

Vietnam plans to invest $13 bln in 2 railways linking to China

Vietnam’s Ministry of Transport is drafting plans to invest $13 billion in building and upgrading two railways linking Vietnam with China.

Infrastructure - Sun, October 27, 2024 | 10:00 am GMT+7

Mekong Delta province Ben Tre set to export fresh coconuts to China

Mekong Delta province Ben Tre set to export fresh coconuts to China

Vietnam and China have reached agreement on conditions for exporting fresh coconuts from the former to the latter; and it was marked by a ceremony in the Mekong Delta province of Ben Tre on Friday.

Economy - Sun, October 27, 2024 | 9:00 am GMT+7

Top e-commerce platforms in Vietnam earn $9.5 bln in Jan-Sept, up 38%

Top e-commerce platforms in Vietnam earn $9.5 bln in Jan-Sept, up 38%

The revenues of top five e-commerce marketplaces in Vietnam, namely Shopee, Lazada, Tiki, Sendo, and TikTok Shop, reached $9.5 billion in the first nine months of this year, up 37.7% year-on-year.

Companies - Sun, October 27, 2024 | 8:00 am GMT+7

6,000 international tourists arrive in Vietnam on 5-star cruises

6,000 international tourists arrive in Vietnam on 5-star cruises

Nearly 6,000 international guests have arrived in Vietnam aboard five-star cruise ships in the last two days and are set to visit a range of famous natural, historic and cultural landmarks in different regions.

Companies - Sat, October 26, 2024 | 10:08 pm GMT+7

Chinese online retail platform Temu submits papers for Vietnam operations

Chinese online retail platform Temu submits papers for Vietnam operations

Chinese online retail platform Temu has submitted a document to Vietnamese authorities for registering its Vietnam operations.

Companies - Sat, October 26, 2024 | 9:38 pm GMT+7

Five investors register for $2.2 bln LNG power project in central Vietnam

Five investors register for $2.2 bln LNG power project in central Vietnam

Five investors have applied to join the $2.2 billion Quynh Lap LNG-fired power plant project in Nghe An, according to the provincial Department of Planning and Investment.

Investing - Sat, October 26, 2024 | 4:00 pm GMT+7

Southern Vietnam coastal province promotes fish sauce, chocolate, crafts at HCMC show

Southern Vietnam coastal province promotes fish sauce, chocolate, crafts at HCMC show

Farmers and businesses from Ba Ria-Vung Tau are promoting a range of specialties and OCOP (One Commune One Product) products from the province at an exhibition in Ho Chi Minh City.

Companies - Sat, October 26, 2024 | 2:19 pm GMT+7