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Japan's JFE withdraws from $3b Guang Lian steel plant project Japan's JFE withdraws from $3b Guang Lian steel plant project

JFE Group of Japan has announced it has cancelled its investment in the US$3-billion Guang Lian steel plant project at Dung Quat Economic Zone in central Quang Ngai Province.


SCPE invests $35 million in Golden Gate chain SCPE invests $35 million in Golden Gate chain

Standard Chartered Private Equity (SCPE) yesterday announced the acquisition of a significant minority stake in Golden Gate Trade and Services Joint Stock Company (Golden Gate).


Land plots dominate Nha Trang's residential market Land plots dominate Nha Trang's residential market

Nha Trang's residential market has more than 6,900 dwellings from 37 land plot, villa, townhouse and apartment projects, Savills Viet Nam has reported.


Launching of iPhone 6 excites Vietnamese market Launching of iPhone 6 excites Vietnamese market

The launching of Apple's iPhone 6 and iPhone 6 Plus has warmed up the Vietnamese market, as stores nationwide released information on the availability and prices of the two phones.


Vingroup appoints new CEO
Updated: Wednesday, Feb 12, 2014 03:15 PM

Duong Thi Mai Hoa (left) will replace Le Thi Thu Thuy (right) as CEO of Vingroup.— Photo Dantri.com.vn
HA NOI (Biz Hub) — Duong Thi Mai Hoa, 45, will be the new CEO of Vingroup, according to the decision made by the group's Board of Directors.

Before joining Vingroup in 2013, Duong Thi Mai Hoa was the finance director of Oracle Vietnam Company and has previously held high posts in different commercial banks in Viet Nam.

Meanwhile, current CEO Le Thi Thu Thuy, who is still the group vice president, will be in charge of the brand new eCommerce service. It was launched with the establishment of the VinE-com company to create a trustworthy, high-quality online shopping channel in Viet Nam.

As e-commerce has been identified as a key future strategy which can bring superior benefits for the group, it has decided to appoint Thuy as both chairman and CEO of VinE-com because of her extensive experience in international markets and dynamic vision.

These appointments will take effect from the day their amended registration is approved by the Ha Noi Department of Planning and Investment.—VNS

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