The Asia Sustainability Reporting Summit took place in Singapore from September 17 to 19, 2017. This was an opportunity to share good practices on sustainable development. Mr Nguyen Quang Vinh, Deputy General Secretary of the Vietnam Chamber of Commerce and Industry (VCCI) and Vice Chairman and General Secretary of the Vietnam Business Council for Sustainable Development (VBCSD), has given an exclusive interview to our reporters with regard to this issue. Quoc Anh reports. There has been a global trend of integrating 17 sustainable development goals (SDGs) into corporate business and investment since 2015, he said. To date, applying sustainable development standards to business and investment operations of companies in the region in general and in Vietnam in particular has become an urgent requirement. You reportedly hosted an experience sharing session at the Summit on the … [Read more...] about Corporate Sustainability Index (CSI): New Approach to Corporate Governance
Global green economy index
Sterling slips as Brexit talks get green light, stocks advance before Fed
Sterling dropped on Tuesday after Britain's parliament paved the way for Prime Minister Theresa May to launch divorce talks with the European Union, while stocks advanced ahead of an expected U.S. interest rate later in the week. European stocks were set for a mixed start, with financial spreadbetters expecting Britain's FTSE 100 .FTSE and Germany's DAX .GDAXI to dip in early trade, while France's CAC 40 .FCHI was seen inching up. The pound GBP=D4 weakened 0.5 percent to $1.2155 after both houses of parliament backed the so-called Brexit bill, opening the door for May to start the clock on the required two-year negotiation period by the end of this month. The euro EUR=EBS lost almost 0.1 percent to $1.0645, extending Monday's 0.2 percent loss. On Monday, sterling had jumped 0.36 percent after Scotland's First Minister Nicola Sturgeon demanded a new independent referendum in late 2018 or early 2019, once the terms of the UK's exit from the EU are clearer. The MSCI's broadest index of … [Read more...] about Sterling slips as Brexit talks get green light, stocks advance before Fed
Market recovers as global stocks see good results
Vietnam's benchmark index, which now tracks 180 companies and four mutual funds on the Ho Chi Minh Stock Exchange, rebounded from Thursday's steepest decline to close the week in the green. The VN-index gained 5.63 points or 0.97 percent to 587.12. The trading volume has dropped to around 67.7 million shares, worth VND3.17 trillion (US$176.7 million). Only 31 stocks fell among index members, with 140 gaining and 13 remaining unchanged. Vietnam Export Import Bank or Eximbank (EIB) reclaimed the spot of most active shares with 3.72 million shares traded on the city bourse. The top three active remained the same with Saigon Commercial Bank or Sacombank (STB) coming next with more than 3.4 million shares changing hands, followed by Saigon Securities Inc. (SSI), Vietnam's largest listed brokerage, with nearly 3.07 million shares. The northern market also started to recoup its losses as the HNX-Index was up 3.10 points or 1.58 percent over Thursday to 199.24, very close to the 200 level. … [Read more...] about Market recovers as global stocks see good results
VN-Index to go green this month
The strong recovery of the VN-Index this month has brought more confidence in the stock's further growth. The VN-Index Thursday moved up 17.87 points to close at 379.51. It rebounded on October 29 after falling for many days and hitting a new low at 322.8 points one day earlier. Ho Chi Minh City stocks Wednesday extended their gains into a seventh straight day thanks to the central bank's cut in the main interest rate and a global stock rally. The State Bank of Vietnam has loosened its monetary policy, cutting base interest rates and banks' reserve requirements. … [Read more...] about VN-Index to go green this month
Just “green shoots” of economic recovery
Over the first four months of this year, Vietnam’s economy has shown signs of recovery as a result of the government’s stimulus packages. However, economists say it is necessary to take more prudent steps as many difficulties are still lying ahead. Not much to glow about Dr Vo Tri Thanh from the Central Institute for Economic Management (CIEM) says that despite seeing some “green shoots” of economic recovery, Vietnamstilldepends on its exports to many other countries which make up70 percent of the country’s GDP. From now till the end of the year, it is just growing at a rate of around 5 percent. “It means that we should not be too optimistic or pessimistic about the prospects of the national economy this year”, Thanh said. Dr Le Dang Doanh notes that economic indicators are edging up as compared to early this year. For example, GDP in the first quarter stood at barely 3.1 percent due to a slowdown in production. Only afterthe national … [Read more...] about Just “green shoots” of economic recovery