Capsim how to improve days of working capital

Kim Dooyoon, CEO of JB Securities Vietnam What is your assessment of the financial landscape of the country, and how have you seized opportunities? In the last three years living and working in Vietnam, I have found that for Vietnamese business, the main source of financing is mostly from banks, and the capital markets are in the early stage compared to peer countries in Asia. As Vietnam's economy grows fast compared to other countries, I expect that its capital markets will also grow to meet the funding needs from the industries, based on my experience and study in Korea and the US. With this expectation, I have decided to focus on the debt capital market first since I joined JB Securities Vietnam (JBSV) three years ago. In particular, in the last two years, JBSV has advised corporate bond issuances and made commitments to invest more than 1 trillion VND. Thanks to our strong financial analytical skills and advanced risk management scheme on the bonds, JBSV has been … [Read more...] about JB Securities strives to contribute to development of Vietnam’s capital markets

The banking sector assumes a vital role in introducing innovative financial instruments and suitable investment methodologies to enable Vietnam to achieve its net-zero emissions goal by 2050. The banking sector, as a key capital mobilization channel for the economy, is responsible for  “greening” investment capital flows for Vietnam to ensure the goal of sustainable development. Overview of the conference. Source: SBV Vice Governor of the State Bank of Vietnam Pham Thanh Ha made the remarks at a conference themed “Greening the Financial Sector: Accelerating transition to a low-carbon economy in Vietnam” held today [September 21]. According to Ha, Vietnam has historically maintained very low greenhouse gas (GHG) emissions. In absolute terms, Vietnam's GHG emissions reached 364 million tons of carbon dioxide (CO2) in 2018, constituting a mere 0.8% of the world's total emissions. However, over the past two decades, the country has experienced the fastest … [Read more...] about Greening finance accelerates Vietnam’s SDG implementation

The event saw the participation of Vietnamese and Australian officials and over 100 experts, investors, and investment funds from the two countries. Minister of Science and Technology Huynh Thanh Dat said that the event is an opportunity to promote the image of Vietnam's open and dynamic creative start-up ecosystem. It’s also a bridge connecting businesses and organizations with international resources around the world. Vietnam calls on overseas Vietnamese, intellectuals, entrepreneurs, technology experts, and foreign start-ups to come to Vietnam and work with Vietnamese partners to solve local and global challenges, he said, adding Australia is a potential technology and capital market. The minister said Vietnam’s start-up ecosystem in the coming time needs linkages with regional and international systems, particularly those with experiences and resources like Australia’s. At the event, innovative start-ups had an opportunity to present to Australian venture capital companies … [Read more...] about Vietnam joins first “International TECHFEST in Australia”

The dollar rose to a new peak against the dong this year, hitting VND24,550 this week, and has risen around 3% since the beginning of the year at Vietcombank. "Many are concerned about the gain of the dollar, but I do not think it will rise as strongly as last year," said Nguyen The Minh, director of analysis at Yuanta Securities. The dollar rose at some point by 8.5% against the dong last year to 24,900 before declining in the last month of the year. The surge came after the State Bank of Vietnam (SBV) widened the dong-dollar trading band from 3% to 5% a day and allowed the dong to depreciate as global central banks tightened their monetary policies. But the gain of the dollar this year, according to Minh, is different, as it has mostly been caused by the short-term rise of inflation in the U.S. The U.S. dollar index, which measures the strength of the greenback against major currencies, remained strong at over 105 points. Analysts from stock brokerage firm SSI … [Read more...] about Dollar’s gain against dong to be short-term: analysts

This report recognises that Nestlé has a cohesive and comprehensive sustainability strategy, and that its policies, objectives, and actions incorporate social, environmental, and economic dimensions of coffee production. It also acknowledges Nestlé's dedicated investments to support its work. David Rennie, Nestlé's head of Coffee Brands said, "This is recognition for our long-term commitment to sustainability. Through our flagship programmes, namely the Nescafé Plan and the Nespresso AAA Sustainable Quality drive, we are working every day with coffee farmers to help ensure that the farming and production of coffee is sustainable and socially and economically inclusive. We are committed to continuously progressing and bringing new approaches to sustainable coffee farming." Since the inception of the Nescafé Plan in Vietnam in 2011, Nestlé has supported coffee farmers in making the transition towards regenerative and low-emission agriculture with initiatives to improve soil … [Read more...] about Nestlé claims top spot in 2023 Coffee Brew Index

Prime Minister Pham Minh Chinh (R) and Treasury Secretary Janet Yellen . (Photo: VNA) New York (VNA) – Prime Minister Pham Minh Chinh met with Treasury Secretary Janet Yellen in New York on September 20 (local time) to discuss cooperation between Vietnam and the US in economy and finance, and to share views on other issues of shared concern. The meeting took place as part of the Vietnamese leader’s trip to the US for the high-level week of the 78th session of the United Nations General Assembly, and bilateral activities in the country. Chinh affirmed that Vietnam considers the US a leading important partner, and stands ready to work together with the country to promote the bilateral relationship intensively, extensively, stably, and practically. Vietnam also regards cooperation in economy, finance, trade and investment as a priority of the bilateral comprehensive strategic partnership, and highly valued substantive contributions by Yellen and the US Department of the … [Read more...] about PM meets US Treasury Secretary, leaders of economic groups

Chinh, who is on a six-day trip to the U.S, had been invited by the world's largest stock exchange, where, welcoming him, NYSE vice president John Tuttle said: "We are willing to help get Vietnamese businesses listed on the NYSE and cooperate in cross-listing on each other's markets." After a meeting with NYSE executives and writing a comment in the guestbook, the PM stepped up to the podium and rang the bell to mark the start of trading at 9:30 a.m. He said it was an honor to be invited again after the first time in May last year when he rang the bell to close a session. He described the NYSE’s market capitalization of US$40 trillion very impressive. He called on the bourse to inform investors about the favorable investment and business environment in Vietnam based on the "warm" political relationship between his country and the U.S., especially after they upgraded their relationship to a comprehensive strategic partnership during President Joe Biden’s visit to Vietnam on … [Read more...] about Vietnam PM opens New York Stock Exchange trading session

Sen. Lieut. Gen. Phung Si Tan, Deputy Chief of the General Staff of the Vietnam People’s Army speaks at the closing ceremony of the Competency Evaluation Programme for Prospective United Nations Peacekeepers in Hanoi on September 21.(Photo: VNA) Hanoi (VNA) - The Competency Evaluation Programme for Prospective United Nations Peacekeepers ( CEPPP ), an activity under the ASEAN Defence Ministers’ Meeting Plus (ADMM-Plus) Experts’ Working Group on Peacekeeping Operations ( PKO-EWG ) Cycle 4 , wrapped off in Hanoi on September 21. With the participation of 18 ADMM-Plus member states, the nine-day event co-chaired by Vietnam and Japan marked the first time Vietnam had hosted a large-scale multilateral activity on UN peacekeeping, affirming its role, position, and contribution to peacekeeping-related cooperation mechanisms in the region and within the ADMM-Plus framework. During its course, trainees were provided with in-depth theoretical instruction combined with … [Read more...] about Competency evaluation programme for prospective UN peacekeepers concludes in Hanoi