Operator of iconic market Ben Thanh appoints new general director
Nguyen Viet Ha, chairwoman of Ben Thanh Trading and Service JSC (Ben Thanh TSC), has been appointed the company's new general director, starting from January 1, 2025.
The company, listed on the Ho Chi Minh Stock Exchange (HoSE) as BTT, recently notified the Vietnamese major bourse of its key personnel changes.
Effective January 1, 2025, HCMC-headquartered Ben Thanh TSC will dismiss Tran Huu Hoang Vu, who has served as general director and the company’s legal representative for nine years.
Meanwhile, board member Pham Hoang Liem will assume the position of board chairperson, replacing Nguyen Viet Ha.
Following these significant changes, the new board of directors will consist of Pham Hoang Liem as chairman and three members: Truong Nguyen Thien Kim (wife of To Hai, general director of Vietcap Securities), Bui Thi Thu Thuy, and Nguyen Thi Tuong Nga.
On December 13, 2024, Ben Thanh issued an announcement regarding Tran Huu Hoang Vu’s resignation as general director and legal representative, effective January 1, 2025.
In his resignation letter, Vu explained that since early 2016, he had dedicated himself to working with the executive board to achieve and surpass the goals set by the shareholders’ general meeting.
However, he added that the company’s new phase requires a fresh leader who can meet shareholders’ expectations and guide the company toward stronger growth and groundbreaking achievements.
Established in 1992, Ben Thanh TSC, formerly known as Ben Thanh General Trading Company, operates primarily in trade, real estate services, and financial investment.
Its portfolio includes commercial business areas such as the Ben Thanh Dong center (Ben Thanh market) and Dan Sinh center (Dan Sinh market).
On December 20, the company’s board of directors decided to terminate the operations of its branch at Ben Thanh Tay center.
BTT shares closed Tuesday at VND35,000 ($1.38) apiece.
Ben Thanh Market, located in District 1, is one of the top tourism destinations in HCMC and an icon of the city.
- Read More
Korea’s confectionery Orion earns $43 mln from Vietnam in Jan-Sept
South Korean confectionery firm Orion earned an operating profit of VND1,083 billion ($42.6 million) in Vietnam in the first nine months of this year, up 14.8% year-on-year, according to the firm’s financial statements.
Companies - Tue, December 24, 2024 | 4:21 pm GMT+7
UK in the Bloc: CPTPP expansion benefits all parties
With the UK’s new access to CPTPP, the available Vietnam-UK free trade agreement, and the country's strong fundamentals, Vietnam continues to stand out in the region, offering more preferential trade opportunities for its partners across the globe, write Ian Tandy, co-head of global trade solutions, Asia Pacific at HSBC and Surajit Rakshit, head of global trade solutions at HSBC Vietnam.
Consulting - Tue, December 24, 2024 | 3:23 pm GMT+7
Saigon-Hanoi Securities receives certificate of merit from Hanoi chairman
Saigon-Hanoi Securities JSC (SHS) has been honored with a certificate of merit from Hanoi's Chairman for its outstanding achievements in connecting small and medium-sized enterprises (SMEs) in Hanoi, contributing to the capital’s socio-economic development.
Companies - Tue, December 24, 2024 | 2:17 pm GMT+7
SK Group’s $500 mln project in northern Vietnam records 61% construction completion
Ecovance Vietnam Co. Ltd., under South Korea’s chaebol SK, has reached 61% completion for its $500 million factory in Vietnam’s northern coastal city of Hai Phong.
Companies - Tue, December 24, 2024 | 1:49 pm GMT+7
Vietnam Education Publishing House, Chilean Embassy launch translation of children's literature series Papelucho
The diary chronicling Papelucho’s experiences and reflections has resulted in a series of 12 books originally published starting in 1947, with two posthumous books released in 2017.
Companies - Tue, December 24, 2024 | 1:20 pm GMT+7
Investors' wait-and-see approach, legal obstacles slow Vietnam's property market recovery: expert
Multiple factors are delaying the real estate market’s recovery, with the "wait-and-see" mentality of investors being a significant impediment, says Vo Hong Thang, director of consulting & project development at DKRA Group.
Real Estate - Tue, December 24, 2024 | 10:24 am GMT+7
Vietnamese people still hesitant to embrace solar power: association
Household electricity in Vietnam remains partially subsidized by the government, and low electricity consumption means the benefits of solar power are unclear to many, according to Nguyen Xuan Quy, vice president of the Vietnam Clean Energy Association (VCEA).
Companies - Tue, December 24, 2024 | 9:11 am GMT+7
Cocobay Danang mega project in central Vietnam still at a standstill
The developer of the Cocobay Danang project in central Vietnam announced plans to resume construction in May 2024, but as of now, no visible progress has been made.
Real Estate - Tue, December 24, 2024 | 8:12 am GMT+7
Toyota Vietnam to bolster supporting industry businesses in Vinh Phuc province
Japan's leading car manufacturer Toyota will support Vinh Phuc province-based enterprises in the automotive supporting industry to improve their capacity and develop the local economy.
Companies - Mon, December 23, 2024 | 10:43 pm GMT+7
Thai PM committed to reshaping nation future
Thai Prime Minister Paetongtarn Shinawatra has recently vowed to redefine the country’s future by combining its unique strengths with cutting-edge technology, to build a brighter future.
Southeast Asia - Mon, December 23, 2024 | 10:03 pm GMT+7
Indonesia secures $7.4 bln in pledged investments from China
Indonesia has received new investment commitments worth $7.4 billion from China, according to Minister of Investment and Downstreaming and head of the Investment Coordination Agency (BKPM) Rosan Roeslani.
Southeast Asia - Mon, December 23, 2024 | 9:58 pm GMT+7
Thailand’s tourism forecast to grow strongly in New Year 2025
The Tourism Authority of Thailand (TAT) has predicted exponential growth for the country's tourism industry during the upcoming New Year festivities, which are expected to generate over THB62 billion ($1.8 billion) in revenue.
Southeast Asia - Mon, December 23, 2024 | 9:54 pm GMT+7
Malaysia Airlines grounds Airbus A330neo jet over safety concern
Malaysia Airlines has grounded its new Airbus A330neo jet just days after its maiden flight due to technical issues, local media reported.
Southeast Asia - Mon, December 23, 2024 | 9:51 pm GMT+7
Thailand’s agriculture predicted to grow by 1.8-2.8% in 2025
Thailand’s agriculture sector is expected to record growth 1.8-2.8% next year, helped by factors such as secure water resources, an improving economy, and higher demand for farm produce in the global market, according to the Office of Agricultural Economics (OAE).
Southeast Asia - Mon, December 23, 2024 | 9:43 pm GMT+7
Vietnam’s real estate sector may lead Q4 earnings growth: broker
The total earnings across all sectors in Vietnam are expected to rise by 25% year-on-year in the fourth quarter, with the real estate industry projected to lead the growth, according to a report.
Companies - Mon, December 23, 2024 | 8:35 pm GMT+7
Vietnam’s parliament asks gov’t to adjust draft Investment Support Fund decree
The government should adjust its draft decree on the Investment Support Fund, the National Assembly Standing Committee has requested.
Finance - Mon, December 23, 2024 | 6:00 pm GMT+7