Australian Ambassador Craig Chittick (centre) presenting award plaques to VBCWE founding members in recognition of their commitment to promote gender equality.— Photo Courtesy of Australia Embassy in Việt NamViet Nam News HÀ NỘI — The Việt Nam Business Coalition for Women’s Empowerment (VBCWE), a new coalition of large employers committed to ensuring gender equality within their businesses and beyond, launched in Hà Nội on Thursday. The Coalition was formed with the support of Investing in Women, an initiative of the Australian Government. VBCWE is expected to lead efforts to create workplaces where women and men have the same opportunities to contribute and advance in their chosen careers. The seven founding members of the VBCWE are Deloitte Vietnam, Maritime Bank, Electricity of Vietnam (EVN), SASCO, GARCO 10, Traphaco and Unilever Vietnam. Together, they have an estimated 120,000 Vietnamese employees. The Coalition is chaired … [Read more...] about New business coalition promotes gender equality in the workplace
Leading company in the philippines
Vietnam’s e-commerce sector grew by more than 25 percent last year and can maintain this growth rate in the next two or three years, according to the Vietnam E-Commerce Association (VECOM). It says online sales is set to hit $10 billion by 2020, accounting for five percent of the country’s total retail sales. Yet the four top firms that have built up the nation’s e-commerce so far, Lazada, Tiki, Shoppee and Sendo, have repeatedly reported accumulated losses. Market observers explain that in a “primitive market with high growth rates,” top companies are not afraid to accumulate losses in order to entrench themselves in positions of strength by focusing on expanding their market share at “at all costs.” Singapore-based Lazada entered Vietnam in 2012 when it was still owned by Germany's Rocket Internet. In April 2016, China’s Alibaba Group Holding Ltd bought a controlling stake in Lazada for about $1 billion to support its expansion plans in … [Read more...] about E-commerce booms in Vietnam but top firms stay in the red
The recent disclosure of excessive lead content in beverages produced by the Vietnamese unit of Filipino food and beverage firm Universal Robina Corporation (URC) causes many consumers to be worried about their health, as most of the affected drinks have already been sold to the market. The recent disclosure of excessive lead content in beverages produced by the Vietnamese unit of Filipino food and beverage firm Universal Robina Corporation (URC) causes many consumers to be worried about their health, as most of the affected drinks have already been sold to the market. The Ministry of Health signed a decision in late May to impose a VND5.8 billion (US$259,144) financial penalty on URC Hanoi Co. Ltd. for excessive lead content in its C2 bottled green tea and Rong Do (Red Dragon) energy drinks. URC Hanoi, under URC Vietnam, is the Vietnamese arm of Universal Robina Corporation, one of the largest consumer food and beverage companies in the Philippines. Inspectors from the Ministry of … [Read more...] about Lead contamination in Philippine drinks sparks concern among Vietnam consumers
The Vietnam Food Administration (VFA) under the Ministry of Health has been testing drink products of URC Hanoi Co. Ltd based on concerns around the excessive presence of lead in the firm’s ingredients. On Monday, the VFA took samples from C2 bottled green tea and Rong Do (Red Dragon) energy drink from the domestic market and manufacturing facilities of Universal Robina Hanoi Co. Ltd. to carry out a thorough inspection. URC Hanoi under URC Vietnam is the Vietnamese arm of Universal Robina Corporation, one of the largest consumer food and beverage companies in the Philippines. Nguyen Thanh Phong, head of the VFA, told inspection units to present test reports as soon as possible since "this is a hot issue on social networks." The company began to raise public concern on Saturday, after a test report by the National Institute of Food Control spread on social media, and newswires reported the amount of lead in a sample of citric acid, an ingredient used by the drinking firm, … [Read more...] about Vietnamese food authorities inspect Filipino firm for lead content in beverages
VietNamNet Bridge - Of the Forbes' list of 200 best companies in Asia with revenues under $1 billion in 2013, there are 10 businesses from Vietnam, up by two from 2012. The list was released by Forbes Asia in Singapore on August 1 shows that China (including Hong Kong) continues to lead with 63 businesses. Taiwan also has up to 26 firms, ranked second. Meanwhile, Japan has 17 companies compared with 4 or less in the previous years. "The results also suggest positive outlook for recovery of the Japanese economy," said Forbes Asia editor Tim Ferguson. Forbes Asia's editors, drawing on databases of 15,000 stock-traded companies in Asia-Pacific with revenues between $5 million and $1 billion, winnowed the choice to 873 that satisfied the following criteria: five-year average return on equity and pretax margin greater than 10%, positive sales and earnings per share growth for both the most recent fiscal one and three-year periods, debt less than 75% of shareholders' equity, and a … [Read more...] about 10 VN companies in Asia’s 200 best companies with sales under $1bil.