Articles worth reading
Image : Blue Jackets beat Maple Leafs; Blues beat Red Wings

Blue Jackets beat Maple Leafs; Blues beat Red Wings

person Orange Themes access_time Feb 16,2017

Yahoo News COLUMBUS, Ohio (AP) — Backup Joonas Korpisalo made 31 saves, and Nick Foligno and Boone Jenner had a goal each as the Columbus Blue Jackets beat the Toronto Maple Leafs 5-2 on Wednesday night.

Image : Vietnam attends Vibrant Gujarat Global Summit in India

Vietnam attends Vibrant Gujarat Global Summit in India

person Orange Themes access_time Jan 12,2017

Nhan dan - NDO/VNA—A Vietnamese delegation led by Deputy Minister of Industry and Trade Cao Quoc Hung is attending the eighth Vibrant Gujarat Global Summit in India from January 10-13, which focuses on sustainable socioeconomic development.

Image : The Latest: Trump says he's only quoting Assange

The Latest: Trump says he's only quoting Assange

person Orange Themes access_time Jan 05,2017

Yahoo News WASHINGTON (AP) — The Latest on President-elect Donald Trump (all times EST):

Latest blog articles

Big bonuses at big conglomerates please staff

access_time Jun 19,2016 chat_bubble_outline 86 views
Many Vietnamese working for Vietnamese-owned enterprises can receive sky-high bonuses of up to hundreds of billions of dong.

Big bonuses at big conglomerates please staff

Masan Group (MSN) has released its ESOP (employee stock ownership plan) under which 9.35 million shares would be issued to employees as decided at the shareholders’ meeting.

MSN plans to issue shares in the first half of June and the employees who receive ESOP shares can sell the shares in the market for money. 

With the current market price of VND68,500 per share (the trading price on June 6), MSN’s key personnel can receive VND640 billion.

Prior to that, MSN also implemented some ESOPs as well. In 2013, Madhur Maini, general director of Masan Group, unexpectedly was added into the list of 30 richest stock millionaires after he got 6 million ESOP shares, worth over VND500 billion at that moment.
Many Vietnamese working for Vietnamese-owned enterprises can receive sky-high bonuses of up to hundreds of billions of dong.
Deputy general director Nguyen Thieu Nam also got 2 million more shares, worth VND180 billion.

The shareholders of Vinamilk, the nation’s leading dairy producer on May 21, approved the plan to issue 9.4 million ESOP shares at the price which doubles the book value (VND38,000 per share).

With the current market price of VND140,000, workers can make a profit of VND100,000 for every ESOP share he can buy.

The shareholders of Cotec-CoteCons (CTD) has also approved the plan to issue 2.33 million shares worth VND420 billion to its key personnel at two price levels of VND42,000 and VND70,000 per share, which are both much lower than the current market price of VND180,000.

This means that workers, who can buy the ESOP shares would make a fat profit of VND110,000-140,000 per share, or VND300 billion in total.

An observer noted that in this year’s shareholders’ meeting season, many enterprises got the nod from shareholders on large-scale ESOPs.

Thanh Thanh Cong Tay Ninh Sugar Company has released the list of employees who can buy ESOP shares. President Pham Hong Duong and Dang Huynh Uc My, a member of the board of directors, can buy 2.1 million shares out of 9.1 million shares to be issued on June 8-17 at the price just equal to 30 percent of the market price.

Saigon Securities Incorporated (SSI) has also approved the plan to issue 10 million shares at VND10,000 per share, or 50 percent of the market price.

The observer commented that unlike the previous years, nearly all the ESOPs submitted to shareholders’ meetings this year have been approved, which shows that shareholders can see the great benefits of the preferences designed for workers.

According to JobStreet, salaries have decisive effects to the labor productivity. The average salary for Vietnamese workers is just equal to 15-80 percent of that in other regional countries.

related news
  • Ministry wants wages, bonuses at State-controlled firms tightened

  • Investors and securities firms struggle with tax

  • Tet holiday bonuses in HCMC expected to be higher this year


M. Ha

Read on the original site
Fiscal reforms key to Vietnam’s infrastructure needs: ADB official

The ADB’s vice president made the recommendation at a meeting with the media on March 8 as part of his working visit to Vietnam. Susantono said those efforts should include tax reforms, spending re-orientation and caution with borrowings and non-tax revenues. He also urged Vietnam to boost the participation of the private sector, create an attractive investment climate, take advantage of the public-private partnership model and deepen capital markets. Susantono added that the government should… chat_bubble_outline Read More...

Islamic State says behind attack on checkpoint in Egypt's Sinai

CAIRO (Reuters) - The Islamic State militant group said on Friday it was behind an attack on a security checkpoint in Egypt's North Sinai province that, it said, killed 15 soldiers.The Egyptian military said the attack on Thursday killed 12 soldiers.A statement from the militant group said it blew up the checkpoint, adding: "A number of caliphate soldiers attacked a checkpoint belonging to the apostate Egyptian army in the Sabeel village, southwest of Arish city, and the following clashes using… chat_bubble_outline Read More...

'Elect more women to build sustainable, inclusive cities': female mayors' group

By Anastasia MoloneyBOGOTA (Thomson Reuters Foundation) - Less than five percent of cities are led by women and their lack of political participation is hampering progress in meeting international goals on making cities more sustainable and inclusive, a group of female mayors said on Friday.Anne Hidalgo, the first female mayor of Paris said more must be done to ensure more women are elected to help build more socially inclusive and equal cities."Women represent half of humanity and you can't… chat_bubble_outline Read More...

Vietnam to accelerate development of logistics services

Vietnam will accelerate the development of logistics services to facilitate trade and improve the economy’s competitiveness, according to an action plan which was approved recently by Prime Minister Nguyen Xuan Phuc. According to the plan, the logistics sector is expected to contribute from 8-10 percent of the country’s GDP by 2025 with a growth rate of 15-20 percent, an outsourcing ratio of 50-60 percent, and logistics costs reduced to 16-20 percent of the GDP. Vietnam hopes to enter the… chat_bubble_outline Read More...

Johnny Depp's wife cops good behaviour bond as Australia ends "war on terrier"

Actor Johnny Depp (R) and wife Amber Heard arrive at the Southport Magistrates Court on Australia's Gold Coast, April 18, 2016. Hollywood actor Johnny Depp's wife, actress Amber Heard, appeared in the Queensland court Monday charged with illegally smuggling the couple's Yorkshire terriers, Pistol and Boo, into the country on a private jet while Depp was shooting a Pirates of the Caribbean movie last year. REUTERS/Dave Hunt/ An Australian court let off the actress wife of Hollywood star Johnny… chat_bubble_outline Read More...

folder_open Assigned tags

Comments

Loading...

Trends in Singapore

Trends in Indonesia

Trends in Philippin