Businesses

Quang Binh (VNA) – Quang Binh should give greater attention to administrative reform as well as e-government and smart city building, thus creating a transparent and open business environment to lure more investors, stated Deputy Prime Minister Trinh Dinh Dung at the central province’s investment promotion conference on January 18.environmental protection and corporate social responsibility. … [Read more...] about Quang Binh asked to improve business environment to lure more investors

Hanoi (VNA) – Many businesses have struggled due to the COVID-19 pandemic, but co-working spaces have bucked the trend and are expected to expand in the coming time, fuelled by companies seeking flexible leasing contracts, according to Savills experts. Director of Savills Hanoi Matthew Powell said co-working spaces that provide flexibility for various kinds of businesses will develop, explaining it is sparked by the outbreak as well as demand for communication and exchange within the firms. Meanwhile, structural changes in the retail sales sector have added a certain number of spaces for the office market, he said, flexible office models could branch out in tandem with the retail sales market since they revolve around shared amenities such as public transport, parking lots, restaurants, and entertainment. Shared office space is normally operated under month-to-month leasing contract. However, the market saw strong surge in demand for this kind of office, and most of which … [Read more...] about Co-working space expects huge rise in demand

Hanoi (VNA) – The Vietnam Electricity Northern Power Corporation (EVNNPC) has been recently assigned a Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘BB’ with a Stable Outlook by Fitch Ratings. EVNNPC’s rating is based on the consolidated credit profile of Vietnam Electricity (EVN, BB/Stable), which owns 100 percent of the company, in line with Fitch's Parent and Subsidiary Linkage (PSL) Rating Criteria. The consolidated rating approach is driven by the strong integration of EVNNPC's credit profile with that of its parent. Fitch assesses EVNNPC's Standalone Credit Profile (SCP) at ‘BB’, the same as that of EVN and the Vietnam sovereign rating (BB/Stable). EVNNPC's rating is aligned with that of its parent, EVN. Under Fitch's PSL criteria there are strong linkages between the two, as EVN fully owns EVNNPC and has extensive influence over the company's business plans, profitability and financial profile. Do Nguyet Anh, CEO of EVNNPC, … [Read more...] about EVNNPC named stable Long-Term Foreign-Currency Issuer by Fitch Ratings

Hanoi (VNA) – The Vietnam Electricity (EVN) plans to get connected with banks and other organisations by the end of August to allow customers to pay electricity bills through QR-code from September this year. According to Nguyen Quoc Dung, head of the EVN Business Department, the application of payment through QR-code is part of the firm’s efforts to realise the Prime Minister’s direction regarding the building of a cashless society. In order to make it easier for customers during the payment process, the EVN will provide each of them with a QR-code to use for all transactions with the EVN. The new payment method is also expected to help the EVN increase its labour productivity as well as internal management efficiency./. … [Read more...] about EVN to allow QR-code payment from September

Nguyễn Vũ Toàn, deputy general director of Saigon Co.op, said they have stockpiled nearly VNĐ4.9 trillion (US$212.3 million) worth of goods for Tết, a 20 per cent increase from last year. The co-operative would increase quality inspections of its supermarkets 10-fold over normal months, he added. … [Read more...] about HCM City to ensure food safety, steady prices during Tết