Fourth Gloria Jean’s Coffees outlet opened

The new GJC outlet on Nguyen Du Street in HCMC’s District 1 - Photo: Nhan Tam

HCMC – Phong Cach Song Viet Joint Stock Co. opened a fourth franchised Gloria Jean’s Coffees (GJC) shop in HCMC late last week, more than three years after Australia’s coffee brand debuted in Vietnam.

Franchisee Tran Uyen Vi, manager of the fourth GJC, said the new outlet was located at the premises of the Galaxy Nguyen Du Cinema, 116 Nguyen Du Street in District 1, HCMC, so it could expect a lot of guests, especially youth, who want to experience more than 30 kinds of tea and coffee.

The new GJC store is running a promotion till the end of October with each drink discounted 20%.

Tran Khanh Vy, managing director of Phong Cach Song Viet that is the general franchisee of GJC in Vietnam, said the company would open the fifth franchised GJC shop at Quoc Te Square in District 1, HCMC in November. The company is also working on plans to open more in years to come, mainly in the city.

The GJC brand was born in Australia in 1996. It has since been growing fast, with 500 stores in Australia, over 400 in Asia and the Middle East, and over 300 in the U.S.

Related Articles

• Nation’s longest avenue opened to traffic in Hanoi
• Painters show works inspired by nature, nostalgia
• ASEAN's socio-cultural issues promoted at Da Nang meeting
• Ford rewards employee’s technician skills in contest
• Cashew traders yet to embrace trading center system

Vietnam suspends Vinashin board members amid probe

Vietnamese Deputy Prime Minister Nguyen Sinh Hung suspended two board members of Vietnam Shipbuilding Industry Group, a state-owned company that came close to bankruptcy this year, as part of an investigation.

Tran Quang Vu and Tran Van Liem were removed from the board, Nguyen Xuan Phuc, chairman of the Government Office, which oversees implementation of state plans, said in a statement posted on the government’s website late Monday.

The board is also considering the dismissal of Tran Quang Vu, chief executive officer, Tran Tuan Anh, Hanoi-based vice head of personnel at the shipbuilder, said by telephone today. The government statement said the prime minister had asked for Vu to stand down.

In July, Chairman Pham Thanh Binh was suspended from his post at Vinashin, as the company is known, as the government began an investigation into financial difficulties at the state-controlled company, which almost collapsed under VND86 trillion ($4.4 billion) of debts.

Prime Minister Nguyen Tan Dung decided on the probe to review Binh’s “responsibilities and to investigate and clarify faults,” according to a statement on the government’s website on July 14. Deputy Minister of Transport Nguyen Hong Truong was appointed as the replacement chairman.

Vinashin doesn’t have enough funds for some projects after its customers and lenders were hit by the global recession that started in 2008, the Ministry of Transportation said July 1.

The company also over-diversified its businesses and didn’t manage its cash flow and debt properly, according to the transport ministry statement.

Nguyen Quoc Anh will be appointed acting chief executive officer of Vietnam Shipbuilding Industry Group Wednesday, he told Bloomberg News by telephone Tuesday. Anh is currently the state- owned company’s business manager.

Related Articles

• Vietnam suspends Vinashin board members amid probe
• Vietnam Air accepts web check-in for int’l flights
• Party reports come in from provinces
• Civil servants to enjoy State housing
• Competition serves sustainable agenda