November 28, 2020 00:06 | About us
Language: Tiếng Việt | ພາ​ສາ​ລາວ | ខ្មែរ | русский | 中文

Former German Vice Chancellor lands another Vietnam assignment

May 26, 2020 | 09:14

Former German Vice Chancellor Philipp Rösler has been nominated an independent board member of a Vietnamese agricultural firm for the 2019-2024 term.

former german vice chancellor lands another vietnam assignment Former German vice chancellor notes Vietnam captured international attention
former german vice chancellor lands another vietnam assignment Bundesliga Latest: Bayern Munichh as beaten Union Berlin 2-0
former german vice chancellor lands another vietnam assignment Vietnamese citizens donates 100,000 masks to 16 German states
former german vice chancellor lands another vietnam assignment
Former German Vice Chancellor Philipp Rosler (Photo: RFI)

According to VnExpress, Former German Vice Chancellor Philipp Rösler has been nominated an independent board member of a Vietnamese agricultural firm for the 2019-2024 term.

Agriculture manufacturing firm Loc Troi Corporation voted Saturday to include Rösler and Nguyen Thi Am as members of its board of directors. The latter is the corporation's head of communications and external affairs.

The year 2020 will be the period when Loc Troi will restructure and apply technology into operation (for example, signing an ERP system), targeting the billion-dollar service enterprise in 2024. At the meeting, the Company approved the appointment of a new General Director, Mr. Nguyen Duy Thuan, to replace Mr. Huynh Van Thet. Also in the meeting, Loc Troi leaders submitted to the shareholders for adding new business lines of electricity production.

former german vice chancellor lands another vietnam assignment
Rösler is currently the chair of the advisory board of venture capital platform VinaCapital Ventures (Photo: CafeF)

The Board of Directors said that the company now faces many difficulties due to COVID-19 disease epidemic, which is not favorable for listing stocks on HoSE. Therefore, the Board of Directors submits to the shareholders the extension of the expected time to complete the listing of shares on HoSE in 2022 provided that they are approved by the competent authorities.

In 2020, Loc Troi sets a target of VND 7,352 billion (US$ 320 million) in revenue, down 15.6% over the same period, but the profit after tax target still increases by 7.45% from VND 335 billion (US$ 10 million) to VND 360 billion (US$ 20 million). In the first quarter, the company lost VND 37 billion (US$ 1.5 million), according to Investment Bridge.

former german vice chancellor lands another vietnam assignment
In 2020, Loc Troi sets a target of VND 7,352 billion in revenue (Photo: Investment Bridge)

The vote followed the corporation's official dismissal of Mark Peacock and Nguyen Tien Tung from their positions as Loc Troi board members for the 2019-2024 term during an annual general meeting of shareholders.

Peacock, a British national, was former head of operations for multinational agrochemical firm Syngenta. Tung is a prominent corporate leader in the country, on the board of several firms. The reasons for their dismissal were not mentioned, but a top level shuffle was indicated.

"Loc Troi has put out a plan to standardize its staff in the entire company, using the first two years to complete the ranks of high-level managers with a deep training program and appropriate policies to change and promote the staff," said a document presented at the general meeting.

Rösler is currently the chair of the advisory board of venture capital platform VinaCapital Ventures under Vietnamese investment and asset management firm VinaCapital. He used to help manage Germany-based public-private venture capital investment firm High-tech Gründerfonds.

Rösler was born in 1973 in the southern province of Soc Trang, before being adopted and taken to Germany, where he was raised. He used to be a military doctor and joined politics after he left the army. In 2009, he became Germany's Federal Minister of Health. Two years later, he became the Vice Chancellor, until he left the political stage in 2014.

former german vice chancellor lands another vietnam assignment Agricultural product export in bustle back to Chinese market

It motivates farmers again when seeing Vietnamese farm export recovery appearing as the Chinese market has begun importing products again.

former german vice chancellor lands another vietnam assignment Pork price was asked to be reduced by Vietnamese Ministry

Minister of Agriculture and Rural Development Nguyen Xuan Cuong said that the ministry would request 17 big cattle-breeding firms to reduce pork price.

former german vice chancellor lands another vietnam assignment EVFTA brings chances and challenges to local agricultural production

The new trade agreement between Vietnam and the European Union opens many doors for agriculture, according to experts.

Candy Lee