Overseeing strategic marketing efforts at the corporate level

Ericsson has also gained important recognition for developing energy-efficient 5G RAN solutions that cater to customers’ needs. — Photo courtesy of the firm Ericsson has retained its top ranking in the Frost Radar™ 5G Network Infrastructure Market 2023 report for the third consecutive year. Maintaining the top ranking in the Frost Radar™ report over the past years has shown Ericsson’s consistent ability to scale its innovations and growth in the field, according to the yearly report from business consulting firm Frost & Sullivan. It also reaffirms Ericsson’s leadership in the 5G network infrastructure market, which spans radio access networks (RAN), transport networks, and core networks. Ericsson has also gained important recognition for developing energy-efficient 5G RAN solutions that cater to customers’ needs. Fredrik Jejdling, Executive Vice President and Head of Networks at Ericsson, said: “It is rewarding to see our sustained efforts to increase the energy efficiency … [Read more...] about Ericsson retains top ranking in Global 5G network infrastructure market 2023 report

Starting in 2024, when the South Korean government will impose the global minimum corporate income tax (GMT), Samsung estimates that it will be required to pay an additional $400 million in taxes to South Korea. Taking into account the tax incentive period in Vietnam, the total tax difference this group must pay is estimated to be $6.5 billion, according to data released by Samsung Vietnam last month. Clock ticks to shape response to global corporate tax policy, photo Thuy Linh Companies like Samsung are believed to be anxious that the enactment of GMT next year will exacerbate the company’s obstacles, as profits are declining and competition for semiconductor technology is intensifying. According to the Ministry of Finance, Vietnam has approximately 335 projects with registered capital exceeding $100 million, with a focus on the high-tech industry, including Samsung, Intel, LG, Bosch, Sharp, Panasonic, Foxconn, and Pegatron. The total registered investment for these … [Read more...] about Clock ticks to shape response to global corporate tax policy

The corporate bond market is a big source of capital for the economy. In the latter half of 2022, a “psychological” shock was recorded in the private placement segment following many violations uncovered by authorities. The Government, the Prime Minister and management agencies have made many important decisions to stabilize the market, ensure its compliance with law, and enhance people’s trust to support the economy. Speaking via videoconference, Assoc. Prof., Dr. Vu Minh Khuong, a lecturer at the Singapore-based Lee Kuan Yew School of Public Policy, said to help enterprises avoid committing violations, their leaders should gain a thorough understanding of corporate governance, ensure legal issues and rescue response, and conduct annual audits. It is a highly urgent need to build a foundation for a healthy financial system, he said, expressing his belief that the Government of the current tenure can manage to do that and view current challenges as a chance to make strategic … [Read more...] about Measures suggested to guarantee corporate bond market’s stability

Nguyen Xuan Son - Operations manager of Staffing and Outsourcing ManpowerGroup Vietnam According to the results of the Labour Employment Survey in the first quarter of 2019 by the General Statistics Office, the foreign direct investment (FDI) sector had been creating jobs for around 3.8 million workers, accounting for over 7 per cent of the total labour force (over 54 million employees) and over 15 per cent of the total wage labourers (25.3 million people) in Vietnam. In addition to creating direct jobs, the sector also indirectly created jobs for many workers in supporting industries or other businesses in the supply chain for foreign-invested enterprises (FIEs). The average salary of employees working in FIEs is often higher than in the state sector or non-state sector. Specifically, before the pandemic, the average salary of workers in the FDI sector was $350 per month. Meanwhile, workers in the state sector had an average salary of $328/month and for the non-state sector … [Read more...] about The impressive changes in Vietnamese labour market

In an exciting development in the digital landscape in Vietnam, Decision Lab, the exclusive partner of YouGov in the country, together with the Mobile Marketing Association Vietnam, recently released its Q1/2023 report titled The Connected Consumer. The report reveals that the super app MoMo has risen to lead the e-wallet landscape in Vietnam, capturing an impressive 68 per cent market share of this fintech sector. Following MoMo were Zalopay at 53 per cent, Viettelpay at 27 per cent, ShopeePay (Airpay) at 25 per cent, VNPay at 16 per cent, and Moca (Grabpay) at 7 per cent. The Connected Consumer report focuses on the online habits of Vietnamese consumers, encompassing their usage of social media, entertainment platforms such as music, movies, and online videos, and online shopping. A representative from MoMo attributed the success to the continuous efforts made by the company to improve its user interface and expand and enhance the features and utilities of its super app … [Read more...] about MoMo dominates Vietnam’s e-wallet market with 68 per cent share

A Vietcombank employee talks to a customer at its office. The bank's shares surged by 1.5 per cent yesterday, lifting the VN-Index. — Photo courtesy of Vietcombank The Vietnamese stock market inched higher on Tuesday, extending its rally for the second day in a row. However, gains were capped by strong net selling activities by foreign investors. The benchmark VN-Index on the Ho Chi Minh Stock Exchange (HoSE) rose 3.07 points, or 0.29 per cent, to close the day at 1,078.05 points. It climbed more than 11.2 points, the biggest intraday gain in two weeks, on Monday thanks to the investor's improving risk appetite. Tuesday's rally helped push the index closer to the resistance level of 1,080 points, and may further test the zone of 1,085 - 1,090 points, according to ASEAN Securities Company. Similarly, analysts from Yuanta Securities (Vietnam) Company said that the benchmark was likely to retest the resistance zone of 1,080 - 1,085 points, and the market would continue its … [Read more...] about Market extends gain on positive sentiment

Thi Vai LNG warehouse, a project of PV Gas. The company's shares soared nearly 2.4 per cent yesterday, leading the market's uptrend. — Photo pvgas.com.vn Benchmark indices finished higher yesterday, buoyed by oil and gas stocks, but gains were capped by losses in banking, manufacturing and real estate sectors and outflows of foreign capital. On the Ho Chi Minh Stock Exchange (HoSE), the VN-Index finished the day at 1.064.63 points, up 2.84 points, or 0.27 per cent. It lost over 4 points on Wednesday despite positive news that the central bank cut interest rates for the third time. The market’s breadth was negative as decliners outnumbered gainers on the southern exchange. Meanwhile, liquidity was slightly higher than the previous session, of which the trading value on HoSE rose by 2.63 per cent to more than VND11.7 trillion (US$498.6 million), equal to a trading volume of 669.5 million shares. The 30 biggest stocks tracker VN30-Index also inched up to 1.062.15 points. It … [Read more...] about Market lifted by oil and gas stocks

A woman performs a transaction on mobile phone at Bao Viet Securities' office. — VNA/VNS Photo The stock market is expected to see more investment opportunities for the medium and long term in the second quarter of 2023, according to analysts. In its latest report, BSC Securities Company said that the market witnessed strong divergence among industry groups in the first quarter of the year. Particularly, the financial, material, and energy sectors all posted better performances than the benchmark VN-Index. The securities firm also lowers its GDP growth forecast to 5.8 per cent in the positive scenario, compared to 6.7 per cent in early 2023, and to 5.3 per cent in the negative scenario, the report said. Many signs show that production activity is weakening while the real estate industry is still facing many challenges. In the first four months of the year, import and export value growth also declined. However, the macro situation has shown some positive signs, as inflation … [Read more...] about Stock market sees signs of rallies in the second half

VietinBank and MUFG Bank, Ltd. (MUFG) commemorate 10 years of their strategic alliance that has enabled both organizations to support the growth of Vietnam’s banking sector and foster deeper Vietnam-Japan business and knowledge exchanges. The anniversary was celebrated in a gala ceremony in Hanoi on May 19, with senior executives from Vietnam’s business community and the senior government officials of Vietnam and Japan in attendance. The partnership officially began in May 2013, when MUFG, the banking entity of one of the world’s largest financial groups, invested in a 19.73 percent stake in VietinBank, one of Vietnam’s top banks. This strategic investment and comprehensive cooperation agreement was regarded then as an unprecedented M&A investment in the history of the Vietnamese banking industry. Since then, both organizations have leveraged their respective strengths to better serve clients and connect them to opportunities both within Vietnam and across Asia. 10 … [Read more...] about VietinBank, MUFG Bank celebrate 10 years of strategic alliance

The anniversary was celebrated at a gala ceremony in Hanoi on May 19, with executives from Vietnam’s business community and senior government officials from both Vietnam and Japan in attendance. The partnership officially began in May 2013, when MUFG, the banking entity of one of the world’s largest financial groups, invested in a 19.73 per cent stake in VietinBank , one of Vietnam’s top banks. This strategic investment and comprehensive cooperation agreement was regarded as an unprecedented merger and acquisition investment in the history of the Vietnamese banking industry. Since then, both organisations have leveraged their respective strengths to better serve clients and connect them to opportunities both within Vietnam and across Asia. VietinBank's chairman and MUFG Bank’s CEO at the ceremony Ten years of progress together Over the past 10 years, the synergy of VietinBank and MUFG’s combined network and expertise has allowed both banks to not only expand … [Read more...] about VietinBank and MUFG Bank celebrate 10 years of strategic alliance