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Posts Tagged ‘Senior’

Bearish market sees senior staffs earn less

In Uncategorized on January 8, 2011 at 4:27 am

The slumping stock market leaves brokerages struggling to pay high-class personnel including market analysts and financial experts with high salary. 

Two brokers (in front) watch listed companies’ profile on their laptop at a HCMC-based brokerage (Photo:Minh Tri)

A broker earns an average payment of around VND4-5 million (US$200) per month, a director of a HCMC-based brokerage said, adding some brokerages pay low salary with high commission to encourage their brokers to work harder.

A new graduate now working as a broker at a brokerage in HCMC, only identified as L., said his monthly salary was too low for extra personal meetings to win more clients.

“My colleagues make enough money for living even in bearish time as they have a lot of clients,” L. said.

Some brokers agree to work with low payment as they are offered rights to buy shares with special prices.

An experienced broker, who asked not to be named, said she turned down a securities firm’s offering with higher salary as the current brokerage sold her shares in profitable companies with preferential prices.

“Brokerages are hunting talented candidates for the position of managing the market analysis department,” Nguyen Thanh Hung, general director of the Sacombank Securities JSC, said.

“However, a few are willing to take that job in spite of the high salary of more than VND20 million per month. The market research and analysis department is mainly criticized for their wrong predicts when the market is volatile,”

Similarly, a big brokerage paid $2,000 for the position of market analyst and financial experts. The firm’s market reports were considered as the best at that time, with detailed information and good analysis on listed companies’ business activities.

However, the firm then incurred huge losses from the market research and analysis department, which offered reports for free. Therefore, they eventually had to chop down the salary level to less than VND10 million. 

“Brokerages are very picky in recruiting brokers these days. At the outset, they recruited around 10 brokers. But then just a few of them, who proved their competence, will stay as the brokerages will take over clients of the remainders before throwing away,” a veteran broker disclosed.

Some other securities firms offered big payment to brokers holding a large amount of clients, asking them to make a monthly or quarterly fixed revenue in return.

A brokerage, which is one of the country’s 10 biggest securities firms, recruited a large number of brokers early this year, but it had to cut nearly half of the amount in the middle of the year due to the slumping market and the high employee cost.

“We tried to recruit part-time employees for our provincial branches in an attempt to cut operational costs. But just a few were willing to join as they want full-time jobs with stable payment,” he said.

“Good directors can make proper recruitment plans as they are good at analyzing the market. Common ones usually have to deal with either an abundant number of brokers in a bullish market or a shortage of employees in bearish market,” Pham Linh, general director of the Hanoi-based VISecurities JSC, noticed.

Source: SGGP

Senior official urges protecting people affected by floods

In Uncategorized on November 2, 2010 at 1:42 pm

ASEAN economic senior officials meet in Hanoi

In Uncategorized on October 28, 2010 at 1:39 am

ASEAN economic senior officials meet in Hanoi

QĐND – Wednesday, October 27, 2010, 20:39 (GMT+7)

ASEAN economic senior officials gathered in Hanoi on October 27 to review procedures and documents for the ASEAN Economic Community Council Meeting on October 28.

They discussed measures to strengthen the ASEAN economic community in 2015 and the methods members could achieve their own economic goals.

They also discussed a document that will be signed to strengthen economic co-operation between ASEAN and its partners. Inner bloc co-operation will present two important documents: a Protocol to Provide Special Consideration for Rice and Sugar and a Protocol to Implement the Eighth Package of Commitments. They will also review a document between ASEAN and China to facilitate trade and grant certificates of origin.

Officials also evaluated some ASEAN co-operation activities to create the best conditions for businesses to operate.

Source: VOV

Source: QDND

Senior Officials’ Committee Meeting on ASCC closes

In Uncategorized on August 15, 2010 at 3:22 pm

Senior Officials’ Committee Meeting on ASCC closes

QĐND – Sunday, August 15, 2010, 20:41 (GMT+7)

The Meeting of the Senior Officials’ Committee for the ASEAN Socio-Cultural Community Council (ASCC) wrapped up in Danang city on August 15. The result of the meeting will lay an important foundation for the fourth meeting of ASCC also scheduled to take place in Danang city on August 16.

During the two-day meeting, ASEAN officials reviewed the implementation of the ASCC Blueprint and compared notes on the ASCC’s priorities in 2010.

They also proposed a number of solutions for some key issues this year with a focus on developing human resources, ensuring social welfare for women and children, promoting cooperation to cope with global challenges and raising awareness of an ASEAN cultural identity.

Le Kim Dung, Deputy Head of the International Cooperation Department of the Ministry of Labour, Invalids and Social Affairs praised ASEAN officials’ efforts to secure a draft declaration of ASEAN Leaders on human resource development and skills for economic recovery and growth as well as a draft declaration on social welfare for women and children. The two drafts will be submitted for approval to the ASCC and the upcoming ASEAN Leaders Summit in Hanoi this October.

Mrs Dung said Vietnam needs to boost human resource development by developing a skilled workforce, promoting technical cooperation with other countries and issuing declarations on human resources and skills for economic recovery and growth.

Vietnam is currently creating a draft declaration on developing social welfare for women and children in ASEAN nations, she added.

Source: VOV

Source: QDND

GMS senior officials to meet in Hanoi

In Uncategorized on August 2, 2010 at 7:18 pm

GMS senior officials to meet in Hanoi

QĐND – Monday, August 02, 2010, 23:28 (GMT+7)

Ministers from six Greater Mekong Subregion (GMS) countries will meet in Hanoi on August 20 to discuss the GMS long-term strategy for the next 10 years.

According to a report released by the Asian Development Bank (ADB) on August 2, representatives from Cambodia, China, Laos, Myanmar, Thailand and Vietnam, as well as ADB officials will agree on plans to improve transport and commercial activities in the GMS. The plans aim to boost economic growth in the post-crisis era.

Since 1992, these six GMS countries have joined a comprehensive programme on various areas of economic co-operation, including transport, energy, telecommunications, and human resources development with support from ADB and other partners.

The General Director of the ADB’s Southeast Asian Department, Kunio Senga said in one generation, Mekong region countries have turned from mutual disagreement to economic co-operation and achieved significant results in poverty reduction. In the next decade, GMS countries will develop co-operative programmes into a new height, he said.

Mr Kunio expressed his hope that GMS will devise additional measures to improve infrastructure, and business environment, better organise trans-national transactions, and protect their social environment.

As a regional bank, ADB helps to promote co-operation among GMS countries through building roads, ports, railways, electric generation equipment, sanitation services and safe water according to international standards. ADB also supports the development of “soft areas”, including trade agreements and transport and measures to protect the environment, safe energy solutions, and efforts to deal with climate change.

Source: VOV

Source: QDND

Ha Giang’s senior leader expelled from Party

In Uncategorized on July 26, 2010 at 3:17 pm

Nguyen Truong To, Vice Secretary of the provincial Party Committee and Chairman of the provincial People’s Committee of Ha Giang province, has been expelled from the Party for his violations.

(File) Nguyen Truong To

The Executive Committee of the provincial Party Committee convened an extraordinary meeting on July 25 to announce a decision regarding the disciplinary measure, which was issued by the Party Central Committee’s Secretariat on July 19.

Politburo member and permanent member of the Party Central Committee’s Secretariat Truong Tan Sang and Secretary of the provincial Ha Giang Party Committee Hoang Minh Nhat co-chaired the meeting.

According to the decision, To was expelled from the Communist Party of Vietnam for his ‘very serious’ violations in terms of morality and lifestyle that caused discontent in the Party and society.

Also on July 25, Prime Minister Nguyen Tan Dung requested the Ha Giang People’s Council to dismiss To from his People’s Council membership and the chairmanship of the provincial People’s Committee.

Four days earlier, the Prime Minister also signed a decision to suspend To from the post of Chairman of the Ha Giang People’s Committee.

Source: SGGP

ASEAN+3 senior labour officials prepare for ministers’ meeting

In Uncategorized on May 22, 2010 at 9:14 pm

ASEAN+3 senior labour officials prepare for ministers’ meeting

QĐND – Saturday, May 22, 2010, 21:22 (GMT+7)

Senior labour officials from ASEAN member countries met their partners from China, Japan and the Republic of Korea in Hanoi on May 21 to prepare for the ASEAN+3 Labour Ministers’ Meeting (ALMM+3).

At the ASEAN+3 Preparatory Senior Labour Officials’ Meeting (PrepSLOM+3), the participants have reviewed the cooperation programmes between ASEAN and those partners on labour and social security and put forwards directions for cooperation in the coming time.

The outcome of the PrepSLOM+3 will be submitted to the ALMM+3.

Same day, the ASEAN Preparatory Senior Labour Officials’ Meeting (PrepSLOM) concluded in Hanoi, passing documents that will be submitted to ASEAN labour ministers for approval in their meeting on May 24.

The documents include an action plan for ASEAN labour ministers for the period 2010-2015, a report on the protection and promotion of migrant workers’ rights and a report on hygiene and labour safety in ASEAN.

As the host, Vietnamese labour officials actively proposed priorities for actions that were endorsed by most of the participants.

Source: VNA

Source: QDND

NA Chairman receives senior Chinese legislator

In Politics-Society on March 23, 2010 at 4:17 pm

NA Chairman receives senior Chinese legislator

QĐND – Tuesday, March 23, 2010, 20:55 (GMT+7)

The legislative bodies of Vietnam and China should maintain regular exchanges of visits to promote bilateral friendship and cooperation, says National Assembly Chairman Nguyen Phu Trong.  

The agreement was shared at a meeting in Hanoi on March 23 between Chairman Trong and Yan Junqi, Vice Chairwoman of the National People’s Congress (NPC) Standing Committee, who is visiting Vietnam.

Mr Trong welcomed Ms Yan’s visit as it is taking place at a time when the two countries are carrying out various activities to mark the 60th anniversary of diplomatic ties.

He noted that the strategic cooperative partnership between Vietnam and China has developed strongly in all areas under the motto of “friendly neighbourliness, comprehensive cooperation, long-term stability and future-oriented vision”, and in the spirit of “Good neighbours, good friends, good comrades and good partners.”

Mr Trong spoke highly of China’s tremendous achievements in implementing its reform and open-door policy and said its development experience is valuable to Vietnam.

The Vietnam National Assembly is making every effort to increase its operational efficiency in legislation, supervision and decision-making in order to successfully build a law-governed socialist State and promote democracy, said Mr Trong.

Ms Yan affirmed that China attaches great importance to developing relations with Vietnam, which were founded by late presidents Mao Zedong of China and Ho Chi Minh of Vietnam. 

As the two countries have many things in common and are both carrying out the open-door policy, they can learn from each other’s development experience, she said.

She echoed Mr Trong saying the two legislative bodies should increase regular exchanges of visits and cooperation, especially in legislation and supervision.

The same day, Ms Yan laid a wreath at President Ho Chi Minh’s Mausoleum and visited several historical and cultural relics in Hanoi.   

Source: VOV


Source: QDND

Senior officials of Prudential receive Friendship Medals

In Politics-Society on October 21, 2009 at 1:09 am

Senior officials of Prudential receive Friendship Medals

QĐND – Tuesday, October 20, 2009, 20:52 (GMT+7)

“During their 10 years of operations in Vietnam, Prudential Group has not only contributed to the development of the Vietnamese financial market, but also actively participated in many social support programmes in the country,” remarked Deputy Prime Minister Pham Gia Khiem.

Due to its contributions, 3 senior officials of Prudential, namely Mark Tucker, former General Director of Global Prudential; Peter Williams, former UK Ambassador to Vietnam and member of the Board of Directors of Prudential Vietnam; and Jack Howell, General Director of Prudential Vietnam, were given the State’s Friendship Medals.

This is viewed as the Vietnamese Government’s appreciation to the group for their collective and individual contribution to Vietnam’s sports.

Especially, Mark Tucker and Jack Howell were also honored for their noteworthy contributions contributing to the friendly ties and economic cooperation between Vietnam and the UK.

At present, the Prudential Fund for Vietnamese sports and education is working very effectively.

Source: baothuongmai

Translated by Thu Nguyen    

Source: QDND Bookmark & Share