Circular flow of income in two sector economy

Delegates discuss issues related to sustainable development at the ‘Good for Business, Good for Planet’ seminar held in HCM City on Wednesday. — VNS Photo Shifting to green growth would help businesses increase their competitiveness and catch up with trends in the domestic and foreign markets, delegates told a seminar in HCM City on Wednesday. As one of the world's most vulnerable countries to climate change, Viet Nam has made multi-dimensional efforts to drive the whole nation towards its collective goal of reaching net zero greenhouse gasses emissions targets, achieving sustainable development, and contributing to tackle the global climate change crisis, they said. Speaking at the ‘Good for Business, Good for Planet’ seminar held by Nhip Cau Dau Tu magazine, Tim Evans, CEO of HSBC Vietnam, said, “The green journey that Viet Nam has embarked on is bringing both opportunities and challenges. Those businesses who get onboard early can capture major opportunities and build a … [Read more...] about Going green gives businesses a competitive advantage

At the conference on August 11, MPI Minister Dung said that thanks to the control of the pandemic and the maintenance of macroeconomic stability, the business sector has reported a positive recovery recently. As of July, the whole country had about 871,000 operating enterprises with tax incurred, an increase of nearly 13 per cent compared to 2021. In the first seven months of 2022, the number of enterprises entering and returning to the market, as well as additionally registered capital into the economy, increased sharply. The number of enterprises entering and re-entering the market was over 130,000 enterprises, an increase of 26.8 per cent on-year, 1.4 times higher than the number of enterprises withdrawing from the market. The total registered capital added to the economy in the first seven months of 2022 reached over $143 billion, an increase of over 37 per cent on-year. According to reports from business associations, the market has recovered over 75-85 per cent compared … [Read more...] about Utilising every opportunity to grow and overcome challenges

NovaGroup on Thursday receivedthe ‘Best Companies to Work for in Asia 2022’ award from HR Asia magazine. Earlier its subsidiary, Novaland, won the award for three consecutive years until 2021. The HR Asia Best Companies to Work for in Asia award recognises organisations that have been identified by their employees as anemployer of choice and endorses the choices. The award is targeted at companies across Asia and recognises companies with the best HR practices and which demonstrate high levels of employee engagement and excellent workplace cultures. The high-profile nature of this award attracts applications from across the board: Fortune 500 companies, multinational corporations,government-linked companies, and other companies of various types. This year ‘Diversity, Equity and Inclusion’ were the criteria for choosing the recipients. Nguyen Bach Kim Vy, deputy operating director of NovaGroup, said: “The award proves the effective human resource development policies that … [Read more...] about NovaGroup wins ‘Best Companies to Work for in Asia’ award