VietNamNet Bridge - The Chair of Hoang Anh Gia Lai Group, Doan Nguyen Duc, one of Wall Street Journal’s 20 most powerful Asian business people in 2011, tops the list of the "big bosses" with high monthly salaries. There is no common answer to the question about the monthly pay to businesses’ chairs and CEOs. The salaries could be sky-high for prosperous businesses and surprisingly low for unprofitable ones. Hoang Anh Gia Lai’s financial report showed that in 2014, every member of the board of directors received VND3.4 billion a year, or VND283 million a month. Duc, as the chair of the board of directors, received more than VND3.4 billion. In 2013, he received VND4.18 billion in salary and bonus. However, while the members of the group’s board of directors received sky-high pay, each member of the board earned VND106 million in 2014, or VND8.8 million a month. The post-tax profit of CII, a HCM City-based infrastructure development company, soared in 2014; … [Read more...] about How much do Vietnamese bosses earn?
1 billion how much million
VietNamNet Bridge – Like colleagues in many other countries in the world, Vietnamese pilots are very well paid. According to the national flag air carrier Vietnam Airlines, a captain of the airline can receive VND200 million a month. Relate news Vietnam Airlines' pilots demand pay rise This salary, according to Sohanews, a website run by VC Corporation, is 11 times higher than the salary paid to the Prime Minister (VND17.1 million). The monthly salary is equivalent to a 14-month income of a Vietnamese minister (VND14.4 million). And it is 20-29 times higher than the salary of a Vietnamese professor or associate professor (VND7-10 million). A captain just needs to work one month to get enough money to buy the Indian car Tata Nano, two Rolex watches (VND100 million each), two 65-inch TVs, three Vespa scooters and 11 iPhone 6s. This sum of money would be a fortune for a poor family because it is enough to buy 13.5 tons of rice, an amount that could feed a four-member … [Read more...] about How much do Vietnamese pilots really earn?
For a long time public opinion has cried over the waste at the National Sports Festival of Vietnam, which is organized every four years, with the ten-day 2014 event wrapping up yesterday in the central province of Nam Dinh. The stands of sports houses and stadiums were empty with just a few fans coming to watch the competitions at the festival, which attracted elite athletes from provinces and cities across the nation. However, thousands of billions of Vietnamese dong have been spent on the organizing work and building facilities for each festival, which is alternately held by different host provinces. The latest iteration was organized from December 6 to 16 in Nam Dinh Province, with some other venues in neighboring localities such as Ha Nam, Hanoi and Thai Binh in the north. Several scandals emerged at this year’s tournament, with wrestler Le Duy Hoi jumping onto the competition mat to beat on-duty referee Nguyen Dinh Hung on December 3. Just before the attack at … [Read more...] about How much has been wasted on National Sports Festival in Vietnam?
VietNamNet Bridge - Vietnam and China both have committed to increase the two way trade turnover to $60 billion by 2015. Analysts believe that China would get more slices of the $60 billion cake. At first, in 2000, Vietnam and China agreed to set a goal to obtain the turnover of $2 billion. However, the two-way trade turnover of the year actually reached $2.5 billion. After that, the target was lifted to $5 billion by 2005. However, the two-way trade turnover reached $7.2 billion in 2004 already. Since then, China has been the biggest trade partner of Vietnam which makes up 14.8 percent of the total import & export turnover of the country. The target was then raised to $20 billion by 2010, but once again, the threshold was exceeded when the turnover reached $20.18 billion in 2008. The rapid trade development has prompted the two countries to raise the target sharply to $60 billion by 2015. In order to speed up the implementation of the commitments, the two sides have signed … [Read more...] about Vietnam-China trade: how much can VN get from the $60 billion cake?
So many times when the big credit- rating companies have embarrassed themselves, the world has sighed and chalked it up to a business model that by design invites corruption and incompetence. Perhaps never before have the public's expectations for the industry been lower. The fundamental flaw is that the major rating companies, led by Moody's Investors Service and Standard & Poor's, typically are paid by the issuers of the securities they rate, or by other deeply interested parties, such as Wall Street underwriters. Too often the raters seem to be the last to know that a company they dubbed investment grade was going broke, or that a mortgage bond once deemed AAA was about to default. The public sees these things and naturally draws a link between what the raters say and how they are compensated. … [Read more...] about MF’s money mystery is how much it paid Moody’s
Heineken NV launched a S$5.1 billion (US$4.1 billion) counter-bid for Asia Pacific Breweries (APB) on Friday, trumping a surprise offer for the beer maker by a Thai billionaire and his family. Bottles of Tiger and Heineken beers are pictured on the shelf of a grocery store in Singapore July 20, 2012. Heineken NV launched a S$5.1 billion ($4.1 billion) counter-bid for Asia Pacific Breweries (APB), maker of the popular Tiger beer, on Friday, trumping a surprise offer for the beer maker by a Thai billionaire and his family. Photo: Reuters The Dutch brewer sought to acquire Singapore-listed conglomerate Fraser and Neave's direct and indirect stakes in APB, one of the biggest Asia-Pacific breweries, putting a S$50-per-share bid on the table. That tops the S$45-a-share offer proposed by companies linked to tycoon Charoen Sirivadhanabhakdi for part of those holdings. Asia is a key revenue driver for Heineken, having posted an 8.4 increase in first-quarter beer volumes, nearly double the … [Read more...] about Heineken trumps Thai offer in $4.1 billion bid for Singapore’s APB
Opera Software would cost Facebook over $1 billion as competition from Google and others could push up the price tag, analysts said on Tuesday, as takeover talk pushed the shares up as much as 26 percent on Tuesday. Oslo-listed Opera, coveted for its advanced mobile phone software technology, would be a perfect fit for Facebook but the firm's business is also vital for some of the industry's biggest players so any bid is likely to attract others to the table. "Opera would be sensible for Facebook on several levels," Arctic Securities said. "It would enhance the now limited mobile experience of Facebook, improve Facebook's mobile monetization problem, help Facebook retain online game developers leaving the social network over the lack of a mobile platform and further improve Facebook's ability to target ads." Opera makes various web browsers that work across an array of platforms including mobile phones, tablets, PCs, and TVs. The software is available on most phones, including … [Read more...] about Opera would cost Facebook over $1 billion: analysts
SHANGHAI/NEW YORK – Chinese Internet entrepreneur Jack Ma is buying back up to half of a 40 percent stake in his Alibaba Group from Yahoo Inc for US$7.1 billion, in a deal that moves the Chinese e-commerce leader closer to a public listing. Employees play table tennis inside the headquarters office of Alibaba (China) Technology Co. Ltd on the outskirts of Hangzhou, Zhejiang province in this May 17, 2010 file photograph. Yahoo Inc shares rose as much as 6.7 percent on May 18, 2012 after a report that it was close to selling part of its valuable stake in the Alibaba Group. Yahoo and Alibaba Group, the Chinese Internet group that runs e-commerce site Alibaba.com, are close to an agreement that could happen as soon as Monday, according to a report in All Things D, citing unnamed sources. Photo: Reuters Under the agreement, Yahoo will sell half its stake in Alibaba for at least $6.3 billion in cash and up to $800 million in new Alibaba preferred stock. The deal, announced in a … [Read more...] about Alibaba buys back 20 percent stake held by Yahoo for $7.1 billion
If it is true that VimpelCom sells its 49 percent stake in Beeline network to the Vietnamese partner Gtel at 45 million dollars, the second biggest mobile network in Russia would incur a heavy loss in the Beeline Vietnam affair. How much loss incurs for VimpelCom? According to Reuteurs, on April 23, VimpelCom announced that it has signed an agreement on selling all the 49 percent of its stakes at Gtel Mobile – the company that provides Beeline mobile network in Vietnam. The provisions of the agreement said that the buyer would pay 45 million dollars for the stakes, in cash. After the deal is wrapped up, VimpelCom would not have any more interests, duties and responsibilities in GTel Mobile. Meanwhile, GTel would have to stop using Beeline brand six months after the day of transfer. Commenting about the affair, a manager of a mobile network in Vietnam said that 45 million dollars is really a good price for the buyer. Just having to spend 1 trillion dong, GTel would have … [Read more...] about How much VimpelCom lost in Beeline project?
Ukraine looks to the world on Tuesday to pledge more funds to help it contain the consequences of history's worst nuclear accident, but donors seem likely to put up less than the 740 million euros (more than $1 billion) it seeks. Leaders from the Group of Eight industrial powers and the European Union are gathering in Kiev for a conference marking 25 years since the Chernobyl disaster, which has been brought into sharper focus by the nuclear crisis at Fukushima in Japan. A European-backed venture foresees construction of a new shell over Chernobyl's No. 4 reactor, which blew up in April 1986, to contain radioactivity leaking through a makeshift shelter from hundreds of tons of radioactive material inside. European Commission President Jose Manuel Barroso said on Monday that the Commission would allocate an extra 110 million euros toward this and allied Chernobyl projects. "We hope our key partners will also step up their contributions in order to complete the works of the shelter … [Read more...] about Under shadow of Japan, $1 billion sought for Chernobyl