Pulse by prudential

Businesses at the ceremony held in HCM City. — Photo courtesy of Vietnam Report Top public companies and those in the banking, insurance, and technology sectors in 2022 were announced by the Vietnam Report JSC and VietNamNet newspaper on Wednesday. The Viet Nam Top 50 Public Companies (VIX50) are led by Vinhomes JSC, Hoa Phat Group JSC, Masan Group JSC, Mobile World Investment Corp, Viet Nam International Commercial Joint Stock Bank (VIB), Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank), Duc Giang Chemicals Group JSC, Viet Nam Technological and Commercial Joint Stock Bank (Techcombank), Military Commercial Joint Stock Bank (MB), and Asia Commercial Joint Stock Bank (ACB). The rankings were compiled based on Vietnam Report’s independent research and assessment of public companies’ financial strength, media reputation, growth potential, sustainability, governance quality, and stature in their sectors. Meanwhile, the Top 10 Banking Reputation Awards were … [Read more...] about Businesses awarded for top reputations

The ceremony jointly held by the Vietnam Report JSC and the VietNamNet newspaper (Photo: https://diendandoanhnghiep.vn) Hanoi (VNA) – Winners of the Top 10 Banking Reputation Awards were honoured at a ceremony jointly held by the Vietnam Report JSC and the VietNamNet newspaper in Hanoi on August 3. The awards were presented to Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank), Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank), Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Vietnam Prosperity Joint Stock Commercial Bank (VPBank), and Military Commercial Joint Stock Bank (MB). On the list were also Asia Commercial Joint Stock Bank (ACB), Joint Stock Commercial Bank for Investment and Development of Vietnam (BIDV), Tien Phong Commercial Joint Stock Bank (TPBank), Vietnam International Commercial Joint Stock Bank (VIB), and Vietnam Bank for Agriculture and Rural Development (Agribank). (Photo: … [Read more...] about Top 10 reputable banks of Vietnam honoured

Our group departed for Phu Quoc Island in the middle of December. With the optimum time to visit between December and March each year, this period is only just around the corner and the excitement to book a new trip here will soon be high. This is also the dry season on Phu Quoc, when the weather is clear and ideal for sight-seeing and tourism. And indeed, as soon as I got off the plane, I sensed a totally differ-ent vibe from the city: the freshness and tranquillity of the sky here with every breeze. The wind from the ocean whips through the hair as if blowing away all the work tired-ness. Phu Quoc, the biggest island in Vietnam and located in Kien Giang province ranked among the top 25 finest islands in the world by the World’s Best Places survey in July. It is a site where nature bestows riches, with a diverse ecosystem: from ancient forests of melaleuca to coral reefs and seagrass beds. Visitors may not be able to comprehend and appreciate all of the natural beauty here if they … [Read more...] about Phu Quoc Island an orchestra of wonder

SINGAPORE/MUMBAI -- Adverse weather across top rice suppliers in Asia, including the biggest exporter India, is threatening to reduce the output of the world's most important food staple and stoke food inflation that is already near record highs. Rice has bucked the trend of rising food prices amid bumper crops and large inventories at exporters over the past two years, even as COVID-19, supply disruptions and more recently the Russia-Ukraine conflict made other grains costlier. But inclement weather in exporting countries in Asia, which accounts for about 90% of the world's rice output, is likely to change the price trajectory, traders and analysts said. "There is an upside potential for rice prices with the possibility of production downgrades in key exporting countries," said Phin Ziebell, agribusiness economist at National Australia Bank. "An increase in rice prices would add to already major challenges for food affordability in parts of the developing world," Ziebell told … [Read more...] about Analysis: Global rice supplies at risk as harsh weather hits top exporters

High uncertainty will require the policy mix to be adapted to changing circumstances. Firstly, a more supportive fiscal policy stance could hedge against downside risks to growth. While Vietnam has fiscal space to act, the challenge is weak implementation. Addressing institutional bottlenecks that have led to the chronic under-execution of the public investment programme would make fiscal policies more effective. Dorsata Madani, Senior economist World Bank in Vietnam In the short run, the focus should be on full utilisation of the recovery policy package, adopted earlier this year with a strong push on project implementation. This would help bolster the domestic demand recovery in the near term while also boosting Vietnam’s long-term potential growth. In addition, expanding targeted social safety nets would not only help buffer the effects of the fuel price shock and rising inflation on poor and vulnerable households but cushion impacts on private consumption more … [Read more...] about Containing the inflation threat and related hazards