Besides assessing business performance, a growing number of institutional and individual investors are taking into account the ESG criteria before making an investment decision. ESG requires businesses to be transparent about their environmental, social, and governance performance, including their contributions to local economies. On August 10, Masan Group , the only local enterprise with integration from production to retail, was honoured by Nhip Cau Dau Tu Magazine among the 50 firms in its Corporate Sustainability Awards. The award was finalised after more than two months of survey and evaluation based on criteria such as stable growth, sustainable corporate culture, corporate governance, environmental protection, and social responsibility. A representative of Nhip Cau Dau Tu Magazine said, “The development of awareness about systemic issues such as climate change, disease risks, resource depletion, and inequality has promoted the investment trends based on ESG criteria … [Read more...] about Masan honoured among top 50 businesses at Corporate Sustainability Awards
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PDR named among top 50 prestigious and effective public companies in 2022
The ceremony to announce the top 50 prestigious and effective public companies in 2022 (VIX50) took place at the Reunification Hall in Ho Chi Minh City on August 3. The awards recognised public companies with outstanding financial capability, media reputation, growth potential, sustainable development, quality management, and strong position in the industry. In the list of VIX50, PDR is among the top enterprises with a capitalisation of over $1 billion and a profit of over $42.7 million. PDR reached a market capitalisation of over $2.1 billion by the end of 2021. Its reputation is spread far and wide with positive feedback from the community, investors, and customers. PDR has achieved great results in several aspects. The company has successfully established a new position in the group of leading enterprises in the real estate industry and listed companies in the stock market. PDR's pre-tax profit has continuously increased from $47.44 million in 2019 to $66.9 million in 2020 … [Read more...] about PDR named among top 50 prestigious and effective public companies in 2022
3rd HCMC Creative Awards receives entries by the end of next March
At the press conference The biennial contest opening for Vietnamese people at home and abroad has seven categories, including economic growth, national defense, state management, communications, culture and arts, science and technology, and innovative startup, Deputy Head of the municipal Reward and Emulation Board Nguyen Hoang Hung said. This year’s competition will focus on discovering measures for the city’s economic development, works and solutions in studying and following President Ho Chi Minh's ideology, morality and lifestyle, mass mobilization activities, national defense and security tasks. The entries have been applied in practice from March 1, 2021, to March 31, 2023, and contributed to solving urgent issues in building and developing the city, or won awards in major competitions. The works must present their creativity, widespread application and immediate effect. An award-winning work reforming administrative procedures at the 2nd HCMC Creative Awards … [Read more...] about 3rd HCMC Creative Awards receives entries by the end of next March
Techcombank shining at ABF Retail Banking Awards 2022
The ABF Retail Banking Awards are among Asia’s most prestigious banking awards honouring outstanding retail banks that offer innovative products and services and have a positive impact on customers and the banking industry. Techcombank was selected by an esteemed panel of judges based on its achievements during the year and the unique and innovative initiatives the bank introduced. The award for Domestic Bank of the Year Vietnam recognised Techcombank for its new cutting-edge retail banking app that was launched in later 2021 that enables customers to conduct everyday banking on the go. The mobile app also offers a wide range of other outstanding capabilities including instant credit card approvals, automated bill payments, and features that enable customers to track their daily spending habits. Techcombank’s Spark Card is an all-in-one card that can adapt to meet the changing needs of customers all year round and at any stage in life. The award for Credit … [Read more...] about Techcombank shining at ABF Retail Banking Awards 2022
MB maintains its position as the market leader in Vietnam
This is the third time in a row that MB has been honoured in this award category, recognising the bank's continuous efforts in recent years in trading and providing derivatives products in the Vietnam market. In 2021, the scale of its portfolio and position in the market, the fast and powerful digital transformation process, and the high-quality human resources are the highlights that made MB be selected for the above-mentioned prestigious award, according to the evaluation of The Asian Banker. With a large portfolio and diverse product solutions, MB's interest rate and commodity derivatives business line has long been considered the top choice in the market for many years. The bank's revenue from foreign exchange and derivatives has grown constantly by an average of 40 per cent in the last three years, while the foreign exchange market share remained competitive among the top five financial institutions in Vietnam. Considering the awards based on the bank's results … [Read more...] about MB maintains its position as the market leader in Vietnam
Binh Minh Plastics honoured by Forbes Vietnam
BM PLASCO is the only group in the sector of building materials specialising in plastic pipes and plastic pipe fittings to be included in this year's list. This is a remarkable milestone for the company's 45-year effort, manifesting its relentless commitment to creating a better living environment for Vietnamese people through sustainable approaches. Top 50 Listed Firms is a prestigious award by Forbes Vietnam magazine, in which 50 companies listed on Ho Chi Minh Stock Exchange and Hanoi Stock Exchange have been selected based on a ranking methodology from Forbes US. The award assesses the firm’s performance over five years – from 2016 to 2021 – in the aspects of both financial achievement and sustainability. While facing many challenges such as the pandemic, rising material costs, and the global downturn, BM PLASCO has successfully stabilised its operations and developed steadily. In 2021, the company achieved revenue of $192.4 million and a profit of around $9.2 million. In … [Read more...] about Binh Minh Plastics honoured by Forbes Vietnam
Vietnamese artists accused of raping British girl in Spain still under investigation despite repatriation: foreign ministry
The investigation into a British girl’s accusation that two Vietnamese male artists sexually assaulted her in Spain is still ongoing even though the two men already returned home , the Vietnamese Ministry of Foreign Affairs told reporters on Monday. A local court in Spain returned the passports to the two Vietnamese artists on August 3 after they successfully hired local lawyers to keep contact with the court on their behalf, according to the ministry. “These two citizens already left Spain,” an official of the ministry said. “The investigation of the case is still ongoing.” Deputy Minister of Culture, Sports, and Tourism Ta Quang Dong confirmed on Monday morning that the two artists arrived in Vietnam. The Ministry of Foreign Affairs added that the Vietnamese Embassy in Spain is continually monitoring the case and is in contact with local authorities and the two Vietnamese nationals. The embassy also implemented necessary consular measures to protect the legitimate … [Read more...] about Vietnamese artists accused of raping British girl in Spain still under investigation despite repatriation: foreign ministry
Frasers property towards 4Ds perspective
Decarbonisation Sustainability is now on the main agenda of countries, also be a social license for companies. Multinational real estate firms such as Frasers Property are in a privileged position to play a major role in reducing their carbon footprint. In line with group-wide sustainability goals, Frasers Property Vietnam is making significant progress towards its main sustainability goals. These are: being a net-zero carbon corporation by 2050; being climate-resilient and establishing adaptation and mitigation plans by 2024; green-certifying 80 per cent of its owned and asset-managed properties by 2024; financing the majority of its sustainable asset portfolios with green, sustainable financing by 2024; and training all of its employees on sustainability by 2021. Frasers Property recognises that emerging technologies and solutions will be critical to help the company accelerate its sustainability goals, so it is an ongoing journey to keep track of these possibilities and … [Read more...] about Frasers property towards 4Ds perspective
Vietnamese artists accused of raping British girl in Spain return home: culture ministry
Two Vietnamese artists, who were accused of raping a British girl on Majorca island in Spain at the end of June, have returned to Vietnam after a local court returned their passports, Spanish media reported on Sunday. Deputy Minister of Culture, Sports, and Tourism Ta Quang Dong confirmed their return on Monday morning. Spain’s Ultima Hora and Majorca Daily Bulletin newspapers reported on Sunday that the Provincial Court of Palma in Majorca decided to return the passports of two Vietnamese citizens accused of “sexually abusing a 17-year-old” on August 3. No additional information was reported about the conclusions drawn by investigators or the court. The two, a musician and an actor, were arrested on June 25 after a 17-year-old British girl reported an alleged rape at a hotel in Sant Elm, Majorca, according to Majorca Daily Bulletin. She had met the men at a restaurant on June 24. They went to the beach, where she said they began to get intimate, and then came to … [Read more...] about Vietnamese artists accused of raping British girl in Spain return home: culture ministry
More green property trends incoming
A feasibility study contract was signed at the end of last month by MTBS and the investor of a superport in northern Vinh Phuc province, 60km from Hanoi. Construction began last December for the Vinh Phuc Inland Container Depot Logistics Cente, to be known as Vietnam SuperPort. It is funded by YCH Group, a Singaporean integrated end-to-end supply chain management and logistics partner, and Vietnamese conglomerate T&T Group. A graphic design of the Vinh Phuc ICD Logistics Centre (Source: vietnamnet.vn) The $200 million, 83-hectare land plot with a designed cargo capacity of about 850,000 TEU will be finished before 2025. According to YCH Group, the SuperPort project will adopt technological advancements such as AI and automation that will help future-proof the logistics industry and enable the delivery of a more integrated, faster, safer, and more sustainable supply chain. Over the past 20 years, Singaporean developers have also entered Vietnam to build hundreds … [Read more...] about More green property trends incoming