Risk is, by definition, forward looking. It is a measure of probability of either loss or gain. And that probability of value destruction or creation directly impacts a company's performance objectives. The way American business magnate Warren Buffet put it, risk comes from not knowing what you're doing. So, you've got to align your risk and performance management in a holistic manner, to avoid the 'blind spot which many companies fail to see'. Uncovering the connection between risk and performance management Studies of companies with large market capitalisation have found that nearly 60 percent of the time, failure to assess and respond to strategic or business risks is behind rapid declines in shareholder value. Nonetheless, many business leaders continue to view risk and compliance as two sides of the same coin. Compliance with regulatory and reporting rules is a non-negotiable feature of doing business. These days, it's not enough to view risk management strategies solely for … [Read more...] about Managing Your Performance by Measuring Your Risks!
Integrated service management
After 71 years of efforts, construction and development, the post sector has importantly contributed to the cause of national industrialisation and modernisation, helping to promote local socioeconomic development. Kon Tum Post is one of important contributors to the overall development of the post sector when it has constantly endeavoured to promote internal resources, initiatives, creativity and collective wisdom to fulfil political tasks and plans assigned by the Vietnam Post Corporation. To carry out the directions from the Vietnam Post Corporation after the separation from the Vietnam Posts and Telecommunications Group (VNPT) as decided by the Government and the Ministry of Information and Communications, Kon Tum Post has promoted its creativity, built a united and harmonious workforce, changed its business mindset and inspired employees to devote to the company’s development. In response to Directive 01/CT-BDVN from the General Director of Vietnam Post Corporation on … [Read more...] about Kon Tum Post: Change for Integration and Development
Dynamic and modern Hanoi, with a variety of busy shopping malls, is proving Vietnam's prosperity in the time of integration. 17 July 2010 witnessed the official opening ceremony of Grand Plaza in Hanoi. This is an international standard trade centre which belongs to the first five star complex of hotel-restaurants plaza in Hanoi. Attractive destination Located in the West gate of the city, Grand Plaza has a strategic position in development plan of Western Hanoi. This is the intersection of key residential and commercial areas such as Trung Hoa - Nhan Chinh residential area, National Convention Centre, Vietnam Exhibition and Fair Centre, The Manor Hanoi, My Dinh residential area and future projects. As the first luxury plaza in the new centre of Hanoi, Grand Plaza gathers famous domestic and international brands, from big names of world fashion such as Montblanc, Cartier, Valentino, Giovanni, Just Cavalli or cosmetics, jewelry firms popular among stylish people like Bourjois Paris, … [Read more...] about Grand Plaza Offers Professional Services
HCM City (VNA) – The management and sharing of data on forests in Vietnam was the main topic of a workshop co-organised in HCM City on March 8 by the General Department of Forestry under the Ministry of Agriculture and Rural Development and the Finnish Embassy. The workshop formed part of the second phase of the Forest Management Information Systems Project (FORMIS) funded by the Finnish Government. Jorma Jyrkila, Forest Data Service Manager of the Finnish Forest Centre, said Finland’s data on forest exploitation, growth and protection are updated regularly. The country mainly uses remote sensing technology to conduct forest surveys, helping it cut costs by 60-70 percent. Nguyen Ba Ngai, Deputy General Director of the General Department of Forestry, said more than 800,000 forest owners in 40 provinces and cities have been updated into Vietnam’s forestry resources database. With the assistance from Finland, the department is updating information about 8.5 million … [Read more...] about Finland helps Vietnam build forest management database
The DPM has also agreed with the changes to the funding agreement and non-refundable fund agreement for the project proposed by the State Bank of Việt Nam. Once the project completes, the local tax sector will have a unified and highly-connected process system, with most of works being automated. Management functions, including tax registration, declaration, payment and accountancy will be integrated into the sole application, which are easy to access.Electronic tax services will be provided to taxpayers via electronic information portals, which are directly connected with the integrated tax management information system. By Ngọc Vân … [Read more...] about Tax management project extended