A group of commercial banks, the State Bank of Vietnam and the Saigon Jewelry Company (SJC) have sat together to discuss the plan to set up a 20-ton gold fund to stabilize the gold market. However, it remains unclear about the sources of contribution and the fund management mechanism.Gold fund allows to "take quick actions" SJC, the biggest bullion gold maker and some commercial banks believe that it is necessary to set up a gold fund which can intervene in the market and stabilize the prices when necessary. The fund will be created by goldsmith companies and commercial banks, but it will take obey the instructions of the State Bank of Vietnam. Under the plan, a 20-ton gold fund would be created from the gold to be contributed by SJC and the gold to be mobilized by enterprises from different sources. When the gold prices increase abnormally, the group of banks and SJC will sell the gold from the fund to the market to stabilize the market and ensure that the domestic price is … [Read more...] about Goldsmith companies, banks planning “general offensive” to stabilize gold market
Companies
Environmental company turned hazardous waste into domestic waste
Since the expenses needed to treat hazardous waste are tens times higher than that to treat domestic waste, Urenco 10, an environment treatment company deceived people, treating hazardous waste as domestic waste.When Urenco treated hazardous waste as domestic waste, it can pocket big sums of money, since there was a big gap between the expenditure for treating hazardous waste and the expenditure for treating domestic waste. The information has given the public a start: where has the hazardous waste - medical waste, which is considered the most dangerous waste and needs the strictest treatment procedures, gone? When environmental company underhandedly disposed of hazardous waste The Nam Son Waste Treatment Complex in Soc Son district in Hanoi is the biggest waste treatment place of the capital city. There are different areas designed for treating different kinds of waste. There are two basic kinds of waste - domestic waste and hazardous waste. In general, the former waste is dumped … [Read more...] about Environmental company turned hazardous waste into domestic waste
A British group sues Vietnamese companies for illegally using “interbrand”
- Two Vietnamese Companies Interbrand JSC and Inter Brand Media Co.. Ltd - both are located in Binh Thanh district in HCM City, have become the defendants in a lawsuit relating to the intellectual property infringement, in which the plaintiff is a British company. In the petition sent to the HCM City People's Committee, the plaintiff - the UK-based Interband Group - denounced the two Vietnamese companies of illegally using the word "interbrand" of the group as their brands, which must be seen as a behavior of intellectual property infringement. The British group was established in 1974, and has its headquarters at No 239 Old Marylebone Road, London NW1 5QT, the UK. This is a well known group in the world in the fields of consultancy and brand management. Interbrand Group has 1200 officers who work at 36 offices located in 24 countries in the world. The most famous publication of Interbrand is The Best Global Brands, which the group publishes in cooperation with Business Week, a … [Read more...] about A British group sues Vietnamese companies for illegally using “interbrand”
Joint stock company to run V-League
The owners of six clubs playing at the V-League national championship has signed a petition, asking the Vietnam Football Federation (VFF) to establish a company to run the V-League. Hanoi ACB FC's Chairman Nguyen Duc Kien spoke at the meeting with VFF. The petition was raised at a meeting on September 29, between VFF and representatives of 28 football clubs (FC), which are playing at the V-League and the First Division Tournament, in Hanoi to discuss the renovation of Vietnam's football in the upcoming season. The six FCs that signed the petition include: Dong Tam Long An's Chairman, Vo Quoc Thang, including Doan Nguyen Duc of Hoang Anh Gia Lai, Nguyen Duc Kien from Hanoi ACB, Vissai Ninh Binh's, Hoang Manh Truong, Khatoco Khanh Hoa's, Le Tien Anh, and Lam Son Thanh Hoa's Nguyen Van De. While the VFF prefers to retain its full control via its own organization board, through the election of a new organizer for both: the V-League and the First Division Tournament; some FCs want … [Read more...] about Joint stock company to run V-League
Innovation, Sustainability Company Of The Year
Innovation, Sustainability Company Of The Year Reported by Tu Tam Nippon Paint was named Decorative Coatings Company of the Year in Asia Pacific by the inaugural 2011 Frost & Sullivan Asia Pacific Green Excellence Awards. Mr. Fujita Tetsuro, chief operating officer, NIPSEA Management Company, and general manager, International Division, Nippon Paint Japan, talks about how innovation and sustainability mean to business. Q: What brought Nippon Paint the Decorative Coatings Company of the Year award? A: Nippon Paint has always been committed to innovation and sustainability in every market we perform. The award is the recognition of our efforts. The award conferred Nippon Paint for our best practices in the industries, degree of new products in innovation and technology, growth strategy, leadership in customer value and market penetration. How does sustainability mean to this specific industry in general and Nippon Paint in particular? We believe sustainability cannot only come if it … [Read more...] about Innovation, Sustainability Company Of The Year