Representatives of Nippon Paint Vietnam, Phuong Nam Insulation, Sam Chem, BASF Vietnam, and MKVN with the beneficiary schoolkids Under the project, co-sponsored by BASF and 10 customers from Vietnam and Thailand, two new classrooms with a total area of over 170 square metres will be built for Song Ray Kindergarten, located in a remote area of Dong Nai province. Facilitated by Saigon Children’s Charity CIO, the construction project will be completed in 2019, coinciding with the 25th anniversary of the establishment of BASF Vietnam. The two classrooms, currently accommodating 70 children aged two and three, were built five years ago as temporary structures with all-metal walls and ceilings, an uncomfortable environment during high temperatures and in rainy weather. After renovation, the kindergarten will be equipped with brand new facilities, including hygiene amenities and a storeroom. The kindergarten is located in Cam My district, approximately 120 km from Ho Chi Minh City. … [Read more...] about BASF and customers launch kindergarten project in Dong Nai
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The Ministry of Finance was urged to make greater efforts in tax and customs reforms which would help enhance competitiveness for enterprises in the context of rapid integration, attendees heard at a workshop on Tuesday. Nguyen Viet Loi, Director of the Institute of Strategy and Policy on Finance, said at the workshop about tax policies to support enterprises and promote integration held by Tap chi Tai Chinh (Finance Magazine) that it was necessary to hasten simplification of administrative procedures and promote the application of information and technology (IT) in tax and customs management. The Ministry of Finance began implementing reforms in 2014 with a focus on simplifying administrative procedures, removing unnecessary business prerequisites and providing fee exemptions to enterprises, which contributed significantly to promote the development of businesses and enhance national competitiveness. Truong Huynh Thang from the ministry’s Legal Department, said that the ministry … [Read more...] about More tax and customs reforms urged
According to a 2018 report by the World Bank, Vietnam's credit access index ranks 29th out of 190 economies surveyed, higher than the average of the Organization for Economic Co-operation and Development (OECD) and East Asia & Pacific. But Vietnamese small and medium-sized enterprises (SMEs) said it is a big challenge for them to access credit. According to the Vietnam Chamber of Commerce and Industry (VCCI), only 30 percent of SMEs in Vietnam have access to loans from the formal sector, with the rest having to use their own funds or depend on unregulated loans. This makes it hard for them to find business opportunities and solve other problems with respect to cash flow, working capital, and debts. The VCCI has drawn up a list of loans types and the challenges each segment faces. Bank loans Many banks have made it possible for SMEs to get access to credit. In the past few years most joint stock banks have earmarked tens of trillions of dong ($1=VND23,381) for priority sectors. … [Read more...] about Who do Vietnam’s small and medium-sized enterprises turn to for funds?
The Hanoitimes - With the diversification of geology, mineral resources and renewable energy sources, Vietnam is ready to be the place for organizations, nations and scientists to carry out research projects in geology, resources and energy. Scientists and managers from numerous nations gathered at the fifteenth congress on geology, mineral and energy resources of Southeast Asia (GEOSEA XV) in Hanoi on October 17 to discuss the latest achievements in technology and management in the field of geology, minerals and energy, towards sustainable development . The overview of the congress. Photo: Tuan Minh The Vietnamese Ministry of Natural Resources and Environment (MONRE) hosted the GEOSEA XV with the theme of "Southeast Asian geosciences and the Earth’s energy toward sustainable development". This is a pressing issue all over the world when climate change is more and more complex, sea level is rising and geological hazards threaten people’s such as earthquake … [Read more...] about GEOSEA XV discusses latest achievements in geological and mineral management
On July 25 Wells Fargo, one of the top three US banks, honoured Eximbank with the Operational Excellence Award. This award was handed over personally by Charles Kohler, deputy head of Global Payment Services at Wells Fargo, to Eximbank’s deputy CEO Nguyen Huong Minh. This award is granted by Wells Fargo to its correspondent banks, who had over 90 per cent of their SWIFT messages sent through to Wells Fargo for money transfer (at Eximbank, the percentage was 95 per cent). Once the SWIFT messages are received by Wells Fargo, the requests will be processed and the funds can be transferred to the receiver’s bank account in less than one minute. The award, as such, is a recognition and affirmation of the speed and quality improvements in payment processing operations and that Eximbank have managed to keep up with international standards and customer’s demands. This is the eighth year in a row that Eximbank has been granted this award for its high rate of SWIFT messages, … [Read more...] about Eximbank receives Operational Excellence Award from Wells Fargo