Meeting with Chairman and CEO of CJ Group Sohn Kyung-shik in Seoul, President Nguyen Xuan Phuc highly valued the firm’s realization of its investment commitments in the fields of food and animal feed production, biotechnology, logistics, and culture in Vietnam. It currently has 24 subsidiaries operating in eight main sectors in Vietnam, earning USD 1.5 billion in revenue, rising 10-fold over the last 10 years. He asked CJ to continue expanding investment in Vietnam, turn the country into its global production and business center, move its Southeast Asia headquarters to Vietnam so as to optimize opportunities generated by the free trade agreements (FTAs) to which Vietnam is a party, and actively distribute Vietnamese goods to global markets. Sohn noted over the past years, his group has implemented the commitments on clean food production and biotechnology, turning Vietnam into the third largest among its 30 markets around the world. In the time ahead, the country will become the … [Read more...] about President calls for stronger investment from RoK enterprises
Chinese backed firm sees export opportunity for alberta oil
As an expat with some Vietnamese language skills, we quickly forget the sheer confusion and wonder at waking up on your first morning in Saigon. The absolute fear of how you are going to achieve the most basic of functions, like buying food, without a guide usually crosses the minds of most first-time tourists to this great city. And recently, I had the opportunity to welcome my cousin and his family to Saigon for the first time. They spent a few days exploring the city both with me as their guide and alone, checking out what they could do with no phone and no translator. My cousin Gavin and his wife Natalie are from Adelaide in South Australia. They never considered Vietnam as a holiday destination until a discussion with their sister-in-law, who is from Vietnam but lives in Australia, raised the idea of a family holiday in her homeland. After six months of planning, the group of nine extended family members arrived in Vietnam for a three-week holiday across the country. The … [Read more...] about What is Ho Chi Minh City really like for a first-time visitor?
CME Solar currently consults and installs rooftop solar power systems for factories and other business establishments that wish to save energy, costs, and protect the environment. Vice president Bui Trung Kien said that environmental, social, and governance (ESG) practices have become increasingly popular in Vietnam, primarily due to the government’s promotion of them, and to investors’ growing demand for sustainable investment. “Including ESG criteria will help a company control risks that may arise related to environmental factors, contribute to environmental protection, optimise operating costs, and support to attract capital or loans from financial institutions,” Kien said. CME Solar is not the first enterprise in Vietnam to face difficulties when starting to apply ESG. Many other enterprises such as Nestlé Vietnam, AEON Vietnam, IPEI, TUI Blue, and more have also shared that lack of knowledge about ESG and related financial resources have been their biggest barriers when … [Read more...] about Businesses identify ESG importance