Vincom shopping mall in Ha Noi. Vingroup (VIC) was the biggest contibutor to the VN-Index yesterday with a growth of 2.1 per cent. — VNS Photo Mai Huong Shares eked out a gain in HCM City but lost ground in the last trading minutes in Ha Noi amid rising investor caution at the high price range. On the Ho Chi Minh Stock Exchange, the VN-Index inched up 0.05 per cent to close yesterday at 1,275.28 points – its third rally session this week and fourth since last Friday. The market breadth was negative, however, with 191 stocks rising, 252 falling and 118 closing flat. Realty stocks backed the market as half the top 10 shares lifting the VN-Index were real estate firms. Vingroup (VIC) was the biggest contributor with a growth of 2.1 per cent, followed by No Va Land Investment Group (NVL), Phat Dat Real Estate Development (PDR) and Investment and Industrial Development Corp (BCM) with gains of between 1.7 per cent and 7 per cent. Beverage companies also performed well with the … [Read more...] about Shares eke out gains in HCM but investors watch out at high price range
Blue chip stocks
Japanese firm buys 35.1 per cent stake in Viet Nam’s power company
TTC Phong Dien solar power plant invested by GEC. — Photo geccom.vn JERA Inc., a power generation company of Japan, has signed a deal to buy a 35.1 per cent stake at Viet Nam’s Gia Lai Electricity Joint Stock Company (GEC) to tap the Southeast Asian nation's growing demand for electricity and further its own decarbonisation efforts, Nikkei Asia reported. JERA, a joint venture between Tokyo Electric Power and Chubu Electric Power, will invest 15 billion JPY (US$112 million) in the Vietnamese renewable energy company. The purchase comes as JERA aims to increase its renewables generation capacity to 5,000 MW by 2025. The stake in GEC will add 190 MW, bringing the company's total renewables capacity to 1,900 MW. JERA will also consider jointly developing solar and onshore wind projects with GEC. JERA has already participated in renewable energy projects across Asia, including India and Thailand. It has operated a gas-fired power plant in Viet Nam since 2005. GEC owns hydro, … [Read more...] about Japanese firm buys 35.1 per cent stake in Viet Nam’s power company
CT Group wins at HR Asia Awards 2022
This score is 25 per cent higher than the average score of businesses competing across Asia in 2022 and far ahead of the average score for the Vietnamese nominations. To achieve this position – one that many businesses across the continent aim for – is not easy because the list of Asia's Best Places to Work is selected through an extremely rigorous evaluation process via the Total Engagement Assessment Model – a model based on the criteria of Core, Self, and Group that are applied to major human resource markets in Asia. Core (collective organisation for real engagement) assesses culture, discipline, management capacity, leadership, and agile initiatives. Self (heart, mind, and soul) assesses the level of cohesion, pride, and emotion at work. Finally, Group (think, feel, and do) measures the level of cooperation between members within the business. A representative of CT Group at the HRAA 2022 award ceremony Speaking at the honouring ceremony, deputy director of … [Read more...] about CT Group wins at HR Asia Awards 2022
Vietnam draws increased foreign investment
Production recovery An increasing number of multinational corporations are raising capital and/or moving production to Vietnam. Data from the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment showed that by the end of June 2022, the capital of newly registered projects, increases in the capital of ongoing projects and capital contribution and stock purchases by foreign investors totaled over US$14.03 billion, equivalent to 91.1 percent over the same period in 2021. Foreign direct investment (FDI) projects were estimated to have disbursed US$10.06 billion, an increase of 8.9 percent compared to the same period in 2021. Foreign enterprises are interested in high-tech manufacturing in Vietnam RSM Vietnam Chair Le Khanh Lam said foreign investment has always been the main driving force for Vietnam’s economic growth. Despite the impact of the COVID-19 pandemic over the past two years, Vietnam is regaining its growth momentum, with the … [Read more...] about Vietnam draws increased foreign investment
Will the sorting of waste at source become a non-starter?
That worries me. Seven years ago, I got to spend nine months living and studying in Ghent, a small, beautiful ancient city in Belgium with many well-preserved medieval castles and churches. I rented a cheap room for students. On the first day, the landlord gave me a tour of the house, showed me how to use the heater and kitchen utensils. In the kitchen, there was a corner with two steel frames holding a blue plastic bag and a yellow plastic bag with "IVAGO" printed on them, as well as a cardboard box next to the bags. The landlord told us that our waste must be sorted thus: the yellow bag for daily household waste; the blue for plastic waste, aluminum cans and milk cartons; and the big box for cardboard, pizza boxes and glass bottles, especially beer bottles. Then, after posting a waste collection calendar on the kitchen wall, he asked us to check the dates then decide among ourselves who would take out the garbage on which day. The calendar was colored yellow, blue and … [Read more...] about Will the sorting of waste at source become a non-starter?