Ifc investment officer salary

Property arm Lotte Land last month said it would cease plans for the Lotte Eco Logis Dong Nai, which was granted an investment certificate only in November 2022. illustration photo/source baodautu.vn In a document dated March 2, Dong Nai Industrial Zones Management Board stated that Lotte Land had sent an official document on cancelling the project in Nhon Trach Industrial Zone VI from February 17. The board requested the investor to liquidate the project and fulfill all obligations related to the operation of the enterprise in accordance with the law. Younggun Ko, a director of Lotte Land, told VIR that various circumstances and investment plans related to this project had been changed, leading to the cancellation. Ko added that the move would not make much of an impact on the business of Lotte Land, and its general business strategy would remain the same. Lotte Mall Hanoi, a $600 million facility, is still expected to open in August and will include a hotel, … [Read more...] about Lotte switches focus after cancellation of warehouse development in Dong Nai

Land law adjustments aim to protect entities as well as the real estate market, photo Le Toan In a seminar to collect opinions from enterprises and experts regarding amendments to the Law on Land held last week in Ho Chi Minh City, Seck Yee Chung, a representative of the Vietnam Business Forum’s Trade and Investment Working Group, said that Article 35.d of the draft law provided that domestic companies only have the right to mortgages with their land and properties attached to the land at credit institutions licensed to operate in Vietnam. “This means that companies in Vietnam cannot mortgage their factory or land through foreign lenders, which creates great challenges for them to access competitive financing resources outside the country,” Chung said at the seminar, which was organised by the International Finance Corporation (IFC) and Ministry of Natural Resources and Environment (MoNRE). “Foreign lenders will look for security assets of Vietnamese companies to secure their … [Read more...] about Land law points further scrutinised

Vietnamese Prime Minister Pham Minh Chinh met the U.S.-ASEAN Business Council (USABC) delegation at the Government Headquarters on March 22. The attendees were leaders of the Government Office and the ministries of Planning and Investment, Industry and Trade, Foreign Affairs, Finance, Transport, Information and Communication, Health, Agriculture and Rural Development, Culture - Sports and Tourism. Also in attendance were the State Bank of Vietnam, the U.S.-ASEAN Business Council President and CEO Ted Osius, the U.S. Ambassador in Vietnam Marc E. Knapper. The leaders of more than 50 leading enterprises in the U.S. and the world were there too, including AES, Netflix, Boeing, Apple, Coca-Cola, Pfizer, Abbott, Visa, Citibank, Meta, Ford, and FedEx Express. The Prime Minister welcomed the USABC and the U.S. business delegation to Vietnam, and the delegation members joined a frank, sincere and effective working session with Vietnamese agencies. This is a continuation of previous … [Read more...] about Vietnamese Prime Minister receives delegation of the US-ASEAN Business Council

High pedestal to reach for 2023’s growth ambitions Vietnam’s economic growth is projected to ease to 6.3 per cent in 2023 from a robust 8.02 per cent last year, as services growth moderates and higher prices and interest rates weigh on households and investors, according to the World Bank’s latest Taking Stock report released last week. Growth is expected to pick up to 6.5 per cent in 2024 as the economies of Vietnam’s main export markets gain strength, the report said. The outlook for Vietnam reflects heightened uncertainty in the global economy. Downside risks include weaker-than-expected growth in Vietnam’s major export markets, which include the United States, China, and the Eurozone, tightening financial conditions, higher domestic inflation, weaknesses in the balance sheets of corporate, banking and household sectors, and financial sector vulnerabilities. The Vietnamese government has set a target that GDP will increase 5.6 per cent in Q1, 6.7 per cent in Q2, 6.5 per … [Read more...] about High pedestal to reach for 2023’s growth ambitions

Christanto Suryadarma, sales vice president for Southeast Asia at Zebra Technologies, told VIR at a press briefing on March 21, “There are many industries that we can participate with in Vietnam to modernise and automate. Transportation logistics is a key, and we are already gaining customers in this field. We are also starting to see some good use cases in healthcare, and we want to continue growing that." "Recently, we also saw interest from the Vietnamese government in terms of safety and security, looking at how they can equip security and police officers with our technology to improve safety and productivity,” he added. Christanto Suryadarma, sales vice president for Southeast Asia, Zebra Technologies Retail and manufacturing are now the two best performing industries for Zebra Technologies in Vietnam. For example, in retail, the company sees many retailers automating and digitalising using its solutions. Moreover, the nation is now a strategic location for … [Read more...] about Zebra Technologies eyes potential of logistics, healthcare, and public sectors in Vietnam

A customer examining a vehicle insurance product at Bao Viet Insurance Group’s office. The potential growth of vehicle insurance is high car travel increase. — VNA/VNS Photo Experts have predicted that the health and vehicle insurance sectors will continue to serve as the primary growth drivers for non-life insurance in Viet Nam this year. Data from the Vietnam Insurance Association reveals that non-life insurance and health insurance comprised the largest proportion of the insurance industry's premium revenue last year, accounting for approximately 33.2 per cent, with revenue of VND22.41 trillion. This represented a 24.3 per cent increase from the same period in 2021. In the meantime, vehicle insurance generated a revenue of VND18.1 trillion, comprising 26.8 per cent of the overall market revenue and witnessing an 11.9 per cent growth rate over the same period in 2021. Health and vehicle insurance products are expected to continue to increase this year, especially when the … [Read more...] about Health and vehicles to be main growth drivers for non-life insurers in 2023

A commodity sorting line at the Lazada Logistics Park which opened on Thursday at Song Than 1 Industrial Zone in the southern province of Binh Duong. — Photo Courtesy Lazada Ligistics Vietnam E-commerce company Lazada Logistics Vietnam on Thursday officially inaugurated a commodity sorting centre called Lazada Logistics Park at Song Than 1 Industrial Zone in the southern province of Binh Duong. Covering an area of 20,000 sq.m, the Lazada Logistics Park, whose capacity is 1 million parcels per day, is the biggest and most modern logistic centre in the province. According to Lazada, its new sorting centre is equipped with modern technologies such as artificial intelligence (AI), machine learning and 99 per cent of the sorting lines are automated. The other modern technologies used at the centre include a telescopic conveyor system, a singulator, dim weight scanners, a wheel sort system with o-belt modular structures, a cross-belt sorting system, small parcel cross-belt sorting, … [Read more...] about Lazada Logistics Park opens, sorting 1 million parcels per day