Employee owned engineering companies

TTC Phong Dien solar power plant invested by GEC. — Photo geccom.vn JERA Inc., a power generation company of Japan, has signed a deal to buy a 35.1 per cent stake at Viet Nam’s Gia Lai Electricity Joint Stock Company (GEC) to tap the Southeast Asian nation's growing demand for electricity and further its own decarbonisation efforts, Nikkei Asia reported. JERA, a joint venture between Tokyo Electric Power and Chubu Electric Power, will invest 15 billion JPY (US$112 million) in the Vietnamese renewable energy company. The purchase comes as JERA aims to increase its renewables generation capacity to 5,000 MW by 2025. The stake in GEC will add 190 MW, bringing the company's total renewables capacity to 1,900 MW. JERA will also consider jointly developing solar and onshore wind projects with GEC. JERA has already participated in renewable energy projects across Asia, including India and Thailand. It has operated a gas-fired power plant in Viet Nam since 2005. GEC owns hydro, … [Read more...] about Japanese firm buys 35.1 per cent stake in Viet Nam’s power company

Asia's Best Place to Work is a prestigious international award held by HR Asia for many years to honour businesses with top working environments and outstanding human resource policies, allowances and benefits, sustainable remuneration, and exciting annual activities that connect employees. VSIP JV was honoured to receive this prestigious award right the first time it attends the nomination. Along with the journey of more than 26 years of establishment and development, VSIP’s welfare policies have been increasingly focused when continuously providing diverse insurance packages for employees and their family members. The company also has providing talks on health consultation and periodic health checkups at international hospitals. Thereby, employees and staff are equipped with wide knowledge and care more about their own health, creating a premise for the sustainable development of themselves and their families. HR Asia Award honours VSIP JV as Best Place to Work in … [Read more...] about HR Asia Award honours VSIP JV as Best Place to Work in Vietnam 2022

This score is 25 per cent higher than the average score of businesses competing across Asia in 2022 and far ahead of the average score for the Vietnamese nominations. To achieve this position – one that many businesses across the continent aim for – is not easy because the list of Asia's Best Places to Work is selected through an extremely rigorous evaluation process via the Total Engagement Assessment Model – a model based on the criteria of Core, Self, and Group that are applied to major human resource markets in Asia. Core (collective organisation for real engagement) assesses culture, discipline, management capacity, leadership, and agile initiatives. Self (heart, mind, and soul) assesses the level of cohesion, pride, and emotion at work. Finally, Group (think, feel, and do) measures the level of cooperation between members within the business. A representative of CT Group at the HRAA 2022 award ceremony Speaking at the honouring ceremony, deputy director of … [Read more...] about CT Group wins at HR Asia Awards 2022

HD SAISON has unveiled a preferential loan package of VND10 trillion (US$429.78 million) for workers at industrial parks across the country with the stated goal of protecting them from loan sharks. — Photo courtesy of the company HD SAISON, a subsidiary of HDBank, has earmarked a loan package of VND10 trillion (US$429.78 million) at half the market interest rate for workers at industrial parks across the country. Through this, it hopes to help the government stabilise the economy and ensure social security, and protect workers from loan sharks. Workers expressed happiness on hearing about the package. HD SAISON will lend from this package until the end of 2023 at an interest rate of 20 per cent a year compared to the normal rate of 40-50 per cent. Borrowers can roll over their loans for several years. For the sake of workers An HD SAISON spokesperson said the company was honoured to be chosen by the Government and the State Bank of Vietnam as one of two consumer finance … [Read more...] about Why do workers opt for HD SAISON’s loan package?

The approval of Vietnam’s circular economy development plan, announced in June, aims to help reduce greenhouse gas emissions by 15 per cent of GDP by 2030 (as compared to 2014). The commitment at COP26 by Vietnam to achieve net-zero carbon emissions by 2050 is considered the main call for investment into green technologies and friendly-environmental projects, as well as approval of plans such as the aforementioned circular economy one. These messages have sent a strong signal regarding the country’s direction towards low-carbon, green development, and a circular economy, and could be a new driving force for Vietnam’s sustainable socioeconomic development, helping to improve its competitiveness and foreign direct investment (FDI) into the country. While governments have committed to lowering CO2, companies are also following suit for the good of the planet, Photo: Shutterstock As a result, numerous groups have made decisions in terms of investment and other operations … [Read more...] about Green standards top policies for fresh foreign ventures