In analysing production in the short run it is assumed that the firm produces many products

Workers at Nhon Trach 2 Plant. — VNA/VNS Photo Huy Hung Fitch Ratings has affirmed PetroVietnam Power Corporation (PV Power)’s long-term foreign-currency issuer default rating (IDR) at “BB” with a positive outlook. This is the third consecutive year that PV Power has received “BB” rating with a positive outlook, the highest rating that a Vietnamese company can reach. The rating, which is based on PV Power's Standalone Credit Profile (SCP) assessment of “BB”, is on a par with the IDR of its 80 per cent parent, Vietnam Oil and Gas Group (PVN, BB/Positive). PV Power's SCP is driven by its strong market position as Viet Nam's second-largest electricity producer, accounting for around 5 per cent of the country's total electricity output and 5 per cent of installed capacity in 2022. It also benefits from diversified fuel sources, long-term power-purchase agreements (PPAs) with Viet Nam Electricity (EVN, BB/Positive) for more than 80 per cent of its electricity output and a strong … [Read more...] about PV Power receives “BB” rating for third consecutive year

Living in Vietnam can bring moments of total pleasure and those of total wonder. When is a hot dog not a hot dog? Well, that answer came to me through experience some 10 years ago when I began my teaching career here in Vietnam. It was only weeks after I arrived in Ho Chi Minh City to start a new life journey and I had already experienced my first episode of 'Vietnam Belly.' I wasn’t feeling all that great and I found that the local food and cheap beer just weren’t what my body wanted. I met a fellow Australian expat who introduced me to his employer – a major name in Vietnam’s teaching industry. Despite my unreliable health, I interviewed with the company. I was just hoping things would hold themselves together long enough to get the job, and they did. When I found out I got the job, my only thoughts were about how much I hoped I would be able to recover by the time I started classes. Early the next morning, my phone rang. It was the school asking if I could cover a class … [Read more...] about A hot dog that isn’t a hot dog in Vietnam

Printer production at Canon Vietnam (Photo: hanoimoi.com.vn) Hanoi (VNA) – Amid the slowing down of the global investment flows, experts held that improving both quality and number of foreign investment projects is a heavy task for Vietnam, requiring great efforts from the Vietnamese Government to fulfil the “dual targets”. According to the Foreign Investment Agency under the Ministry of Planning and Investment (MPI), as of May 20, Vietnam had drawn 10.86 billion USD of foreign direct investment (FDI), down 7.3% year on year, including 5.26 billion USD of newly-registered capital, up 27.8%. Do Nhat Hoang, Director of the agency said that the increase in the amount of newly-registered capital in five months was higher than the 11% recorded in the first four months of this year. Meanwhile, the number of new projects in the five-month period also surged 66.4% year on year to 962 projects, showing foreign investors’ strong confidence in the investment environment of Vietnam … [Read more...] about Improving FDI quality, quantity crucial for Vietnam: Insiders

A worker collect latex at a rubber plantation in Lai Chau Province. — VNA/VNS Photo Vietnamese rubber exports to South Korea in the first four months of 2023 totalled 12,470 tonnes, valued at US$18.92 million, up 5.6 per cent in volume but down 15 per cent in value year-on-year, according to statistics from the General Department of Customs. Viet Nam's natural rubber is the primary product exported to South Korea. Particularly, the SVR 10 accounted for the largest portion of the total exported rubber, 28.05 per cent, followed by SVR CV60 and SVR 3L with 24.53 per cent and 14.44 per cent, respectively. The drop in value is attributed to the sharp decrease in average export price of all types of rubber over the same period in 2022. Thailand, Indonesia, China, Viet Nam, and the Philippines are the top five rubber suppliers to South Korea, with Viet Nam ranking fourth. However, the Vietnamese rubber market share is shrinking here, while the market shares of Indonesia, China, … [Read more...] about Viet Nam is South Korea’s 4th largest rubber supplier

Nguyen Minh Tam (R), deputy CEO of Sacombank, receives the "Outstanding Retail Banking" and "Outstanding Bank for Community" awards at a ceremony in HCM City last week. — Photo courtesy of the bank Sacombank won the awards for Retail Banking and Bank for Community at the 2022 Vietnam Outstanding Banking Awards that were given away in HCM City last week. It was for a sixth consecutive year that Sacombank won the awards given by the International Data Group, the Vietnam E-Commerce and Digital Agency, the Vietnam Banks Association, and other organisations. Sacombank won the "Outstanding Retail Banking" award for achieving consistent customer growth -- with its customer base topping 15 million by the end of 2022 -- and having large transaction, ATM and merchant networks and diverse products and services. It offers more than 250 products and services for individuals and corporate customers and has linked up with 110 banks and 30 e-wallets for money transfer. It won the … [Read more...] about Sacombank, Vietbank honoured at Vietnam Outstanding Banking Awards