World-famous Samsung Electronics is reported to plan to move its PC production from China to Vietnam to lower costs and stay competitive in the PC business. The company could close its factory in China as soon as this month and convert part of the facility into a research and development (R&D) centre. A spokesman said the move to shut the Chinese plant was based on the need to find a cost advantage. Meanwhile, LG Electronics is developing a new R&D centre in Vietnam as part of efforts to expand its presence in the market. During a recent meeting between Prime Minister Nguyen Xuan Phuc and RoK companies, LG reportedly confirmed the plan. The company already has an R&D centre focused on its vehicle component solutions business in Hanoi. LG said it is currently looking for potential sites in Vietnam but it has yet to confirm detailed plans. … [Read more...] about RoK tech titans tracking cost advantage
Cost revenue and profit functions
SCIC finds 46 million FPT shares unmarketable
FPT is the largest IT company in Vietnam. The core business lines of the company include three main sectors: IT, telecommunications, and education. It undertakes software development for many foreign clients, with half of its orders coming from Japan. The company went public on the Ho Chi Minh City Stock Exchange in 2006. … [Read more...] about SCIC finds 46 million FPT shares unmarketable
Banks prepare to cushion slight rise in NPLs
Illustrative image (Photo: internet) The State Bank of Vietnam (SBV) estimated affected loans at the end of the first quarter accounted for 23 per cent of total outstanding loans and are very likely to be expanded. Experts estimated that the non-performing loans (NPL) ratio will increase by 1-2 per cent, leading to higher asset quality risk and higher credit cost. As of June 19, credit growth recorded the lowest ratio in the 2016-2020 period with 2.45 per cent. … [Read more...] about Banks prepare to cushion slight rise in NPLs
Trade upswing pressures local ports
Looking forward, in addition to inland shipping services, many other maritime transport services are also open to EU firms to invest or do business, with passenger and cargo transportation services even being committed at a higher level than those in the World Trade Organization and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. Moreover, bilateral trade is forecast to grow significantly, thus opening huge business opportunities in the months to come. … [Read more...] about Trade upswing pressures local ports
