Inflation pay rise

Around 68 per cent of listed public companies are complying with minimum legal requirements on independent directors, in which the lowest rate is 30 per cent in the automobile sector, and the highest rate is 100 per cent in banking. Compliance rate rise bodes well for listed companies, illustration photo/ Source: Shutterstock The information was provided in the ‘Independent Directors Survey of Public Companies in Vietnam’ report, compiled by FiinGroup and the Vietnam Independent Directors Association (VNIDA). The survey and the report have been carried out with the primary technical support from the International Finance Corporation through the SECO-funded Vietnam Integrated ESG Programme, and covered 544 companies that have disclosures on independent directors out of 769 companies listed on the Ho Chi Minh City and Hanoi stock exchanges. Under 2020 legislation guiding the implementation of the Law on Securities, a listed company’s board is required to have at least … [Read more...] about Compliance rate rise bodes well for listed companies

Logo of Techcombank on its headquarters in Ly Thuong Kiet Street, Ha Noi. The bank shares surged nearly 4 per cent on Tuesday, helped lift the market sentiment. — VNS Photo Ly Ly Cao The Vietnamese stock market diverged on Tuesday, but the VN-Index extended its rising streak to the sixth straight day. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index increased 2.04 points to end the trading day at 1,054.29 points, or up 0.19 per cent. The breadth of the market remained in positive territory with 166 stocks on HoSE inching higher, while 158 stocks went down. Liquidity continued to rise over the previous session. Specifically, the trading value on the southern exchange advanced by 15.4 per cent to more than VND11.2 trillion (US$477 million), equivalent to a trading volume of 648.1 million shares. The VN30-Index, tracking the 30 biggest stocks on HoSE, edged up 2.37 points, or 0.22 per cent, to 1,058.82 points. In the VN30 basket, 12 stocks added points, while 13 slid and … [Read more...] about VN-Index rises for sixth day in a row

With a prime location nested by Tam Coc Wharf, Emeralda Resort Tam Coc stands out as a luxurious Tonkin Maison, showcasing traditional architecture with bold aesthetics and the sophistication of the ancient Tonkin aristocracy. Such buildings have high wooden ceilings carved with delicate patterns, and sturdy high pillars showing the status of the owner. Emeralda Resort Tam Coc is preparing to welcome guests in April Emeralda Resort Tam Coc is surrounded by majestic nature, embracing the panorama of Tam Coc, a part of the UNESCO heritage site – Trang An Scenic Landscape Complex; which promise to create wonderful emotions for visitors when they savour a tranquil vacation amidst the unique scenery of Ninh Binh. Emeralda Resort Tam Coc is divided into two island and peninsula areas with a system of 86 rooms including superior, deluxe, premium deluxe, and imperial rooms, which are designed in harmony and balance with furniture made entirely of wood, dotted with a hanging … [Read more...] about Emeralda Resort Tam Coc to welcome guests in April

The Australian Government Trade and Investment Commission cooperated with the Electricity & Renewable Energy Department – Ministry of Industry and Trade of Vietnam and Vietnam Electricity Group to organise the Energy Transformation Forum 2023, held in Hanoi on March 28. Participants at the event The event was part of the Australian Energy Mission which comprises a series of activities in Hanoi and Ho Chi Minh City from March 27 - 30 to promote cooperation on renewable energy and to celebrate the 50th Anniversary of Australia and Vietnam’s diplomatic relationship. Like Vietnam, the Australian government has made a commitment to climate action, with a target of reducing greenhouse gas emissions by 43% by 2030 and to zero by 2050. The forum will discuss the energy transition of Vietnam and Australia and introduce new energy technologies and solutions from Australia. Speaking at the event, Australia’s Ambassador to Vietnam, Andrew Goledzinowski, said that … [Read more...] about Australian Energy Mission launched in Hanoi

MoMo is the only Vietnamese representative in the list of Top 10 Global Platforms 2023. (Photo courtesy of MoMo) HCM City (VNA) - MoMo, Vietnam’s leading super app, has been named among the Top 10 Global Platforms by TABInsights, the research arm of The Asian Banker magazine. MoMo also won the award for “Best Platform for Financial Services in Vietnam” at the Excellence in Retail Financial Services Awards from The Asian Banker on March 16. The only Vietnamese representative in the list of Top 10 Global Platforms 2023 ranks seventh in the list that includes behemoths like Alipay, Apple Pay and Paypal. TABInsights assessed the leading 20 global platforms and ranked them based on a six-dimensional balanced scorecard covering capabilities across six key dimensions: customer, coverage and service scope, usage and engagement, financial performance, strategy, and leadership. “The best platform demonstrates exceptional efforts to bring together a wide variety of integrated … [Read more...] about MoMo among Top 10 global financial service platforms

Although Vietnam reopened its door to international tourists over a year ago, small and medium lodging facilities in Ho Chi Minh City are still struggling to recover due to the small number of international visitors. Their largest source market is China while the number of guests from the northern neighbor remains modest, forcing many hotels to use their facilities for other purposes or stop leasing spaces. Shutdown, falling room occupancy In District 1, many hotels which used to be crowded with foreign travelers are now empty or have been replaced by other businesses. On Ly Tu Trong Street, a spacious hotel is being repurposed. The hotel is in a prime site, near Ben Thanh Market, Nguyen Hue Pedestrian Street, and Le Loi Boulevard, once favored by international tourists. Many 'House for Lease' signboards can also be seen along Bui Vien Walking Street and De Tham Street with many of them being hung in front of small, one- and two-star hotels. The director of a chain of … [Read more...] about Ho Chi Minh City hotels waiting for int’l guests

He made the request during a working session with the standing board of the provincial Party Committee on March 25, as part of his working trip to the province to attend the fifth National Start-up Festival for students. In the immediate future, he required the locality to pay attention to infrastructure planning and development, considering it a key and priority political task. The province should urgently complete the provincial planning for the 2021-2030 period with a vision to 2050; develop transport infrastructure to ensure smooth provincial, inter-provincial, inter-regional and international connectivity, as well as digital transformation infrastructure while promptly and effectively embarking on a project to build Thua Thien Hue into a centrally-run city. The locality must accelerate economic restructuring in the direction of prioritising resources for green, digital and circular economy, he said. Prime Minister Pham Minh Chinh stressed that the province needs to pool all … [Read more...] about Thua Thien Hue must strive to become major cultural, tourism hub: Prime Minister

Do Tien Dung, chairman of the Board of Directors at Hang Xanh Motors Service JSC (Haxaco), said that the company counted $3.04 million in profit in Q1 last year. However, they are just trying to break even in Q1 due to a sharp fall in the demand, and the situation may spread until the end of Q2. Most car dealers saw a flat business in the year to date Consumers have been cautious due to very high borrowing costs. In addition, the quiet stock market and real estate market have badly affected people’s purchasing power. A source from Huyndai Thanh Cong reported that for the year to date, auto dealers have launched diverse incentives to attract buyers, yet demand for autos has dwindled amid surging borrowing cost and lowered incomes. Saigon General Service Corporation (Savico) commented that the threat of global economic recession, high inflation and shortage of chipsets and semiconductors would result in auto supply volatilities. Stagnant auto registration … [Read more...] about Car industry remains flat

The partnership will enable Australian firms to strengthen business links and identify trade and investment opportunities in the energy sector in Vietnam. Australian experts have discussed the energy transition between Vietnam and Australia and introduced new energy technologies and solutions to its Vietnamese partners. Australian energy delegation and Vietnamese partners. Photos: Australian Embassy in Hanoi The discussion, which aims to promote cooperation on renewable energy, is included in a series of activities in Hanoi and Ho Chi Minh City this week launched by the Australian Energy Trade Mission to Vietnam, part of celebrations of the 50th anniversary of bilateral relations. The Energy Transformation Forum was held under the partnership between the Australian Government Trade and Investment Commission (Austrade) and Vietnam’s Ministry of Industry and Trade, and Vietnam Electricity Group (EVN). Like Vietnam, the Australian government has made a … [Read more...] about Australia provides energy expertise to Vietnam

For the last few weeks GoGelato in Binh Tan District has been offering ice cream for free to gather feedback for the new products. Luc, an ethnic Chinese entrepreneur who became famous in 2020 for introducing dragon fruit bread , wants to use domestic fruits as the main ingredients to make ice cream. "I started learning how to make fruit ice-cream two years ago when I saw lots of fruits remaining unsold due to oversupply." While people are tightening their purse strings now due to inflation, Luc said the food business is recession-proof and consumption would recover soon. Luc started doing business in Vietnam in 1979 and has won many international awards for his breads. His chain supplies to major brands such as Starbucks, KFC, Lotteria, Jollibee and Domino’s Pizza. The Vietnamese ice cream market grew by 7% last year to VND4.3 trillion (US$182.94 million), with the three top players, Kido Group, Unilever Vietnam and Vinamilk, dominating with a combined 64% market share, … [Read more...] about ‘Bread King’ turns his sights to gelato