Deputy Prime Minister Trinh Dinh Dung and his Russian counterpart Maksim Akimov witness the signing of agreements between the two countries (Photo: VNA) Moscow (VNA) – Deputy Prime Minister Trinh Dinh Dung had a meeting with leaders of Russia’s Rostec Corporation and the Russia Railways (RZD) on October 30 as part of his ongoing visit to Russia. At a meeting with CEO of Rostec Corporation Sergey Chemezov, Deputy PM Dung lauded science and technology development of Russia, and stated that the two countries boast high potential for cooperation, especially in telecommunications, health care, and transportation. The Deputy PM also spoke highly of the presence of Rostec Corporation’s subsidiaries in Vietnam. Meeting President of the Russia Railways Oleg Belozyrov, Deputy PM Dung affirmed that the Vietnamese and Russian governments welcome and support partnership between Vietnamese firms and the RZD in modernising and developing the railway system in Vietnam. The … [Read more...] about Deputy PM meets leaders of Russian corporations
Corporate
Appeal trial held for former officials of Thai Son Corporation
Dinh Ngoc He at the court (Photo: VNA) Hanoi (VNA) – The Central Military Court on October 30 began to hear appeals of Dinh Ngoc He, alias “Ut troc,” and other defendants involving in law violations at Thai Son Corporation under the Defence Ministry. At a trial on July 31, 2018, the military court of Military Zone 7 gave Ngoc He, former Deputy Director of Thai Son Corporation, jail sentences of ten years for “abusing position and power while performing official duties”, and another two years for “using falsified documents of agencies and organisations.” Also with the charge of “abusing position and power while performing official duties,” Tran Van Lam, former Director General of Thai Son Development and Investment Joint Stock Company (Thai Son JSC); Tran Xuan Son, former director of Binh Duong branch of Thai Son JSC; and Bui Van Tiep, former commander of Division 367 of the Air Defence-Air Force Service, were given sentences of … [Read more...] about Appeal trial held for former officials of Thai Son Corporation
TEKCOM Corporation welcomes new leader together with new corporate identity
On October 18, TEKCOM Corporation introduced its new chief executive officer, Nguyen Van Vu. Along with this announcement, the corporation launched a new identity, leveraging a new set of vision and core values together with the visual aspects of branding – a compass for the development of TEKCOM in the near future. Blue representing sustainability and yellow representing innovation Via this renovation, the coporate aims to reinforce TEKCOM leading position and enhance its worldwide reach in the industry. The new identity’s design was inspired by wood panels piling up and shaped into a cubical letter “T” standing diagonally, symbolising the ambitious vision of being a sustainable market leader in woods and associated products. Moreover, the colour elements of TEKCOM blue – representing sustainability – and TEKCOM yellow – representing innovation – other than creating a modernistic and unique impression, also convey the … [Read more...] about TEKCOM Corporation welcomes new leader together with new corporate identity
Citi Launches Commercial Cards in Vietnam, offering Greater Efficiency, Control and Transparency for Corporates
Citi announces the launch of Commercial Cards in Vietnam, offering a comprehensive suite of innovative payment solutions for corporate clients. Citi Launches Commercial Cards in Vietnam, offering Greater Efficiency, Control and Transparency for Corporates These include Business-to-Business (B2B) solutions such as purchasing cards and our market-first Virtual Card Account (VCA) for Payables, as well as Travel solutions such as corporate cards for travel and entertainment purposes, a central travel account with a travel management company and the Virtual Card Account for Travel. These solutions are testimony to Citi’s commitment to providing greater efficiency, control and transparency to help corporate clients more effectively manage their payment and expense management processes in a seamless, streamlined and accountable manner. Commenting on the launch, Citi Country Officer for Vietnam Natasha Ansell said, “We are delighted to add on to our comprehensive … [Read more...] about Citi Launches Commercial Cards in Vietnam, offering Greater Efficiency, Control and Transparency for Corporates
Corporate earnings could boost market morale
As worries grow about additional US rate hikes, investors may now turn to the earnings season in which they hope to find something extraordinary to drive overall sentiment up.– VNA/VNS Photo As worries grow about additional US rate hikes, investors may now turn to the earnings season in which they hope to find something extraordinary to drive overall sentiment up. On Friday, some Fed officials revealed the bank’s plan to raise interest rates two or three more times by June 2019 so lending costs would touch the neutral territory, allowing the Fed to stay out of the way the economy runs. That, in the short run, would calm investors as they are now aware of the Fed’s plan, but in the long run it may result in an outflow of foreign capital from emerging markets, including Viet Nam. Worries over the US central bank’s rate hike scenario were among the key factors that dampened local market sentiment last week. The benchmark VN-Index on the Ho Chi Minh Stock Exchange … [Read more...] about Corporate earnings could boost market morale