Qtek viet nam joint stock company

A production line at Viet Nam Stanley Electric Company in Ha Noi. The capital city took the lead in attracting FDI in the first five months of the year. — VNA/VNS Photo Danh Lam The total inflows of foreign investment in Viet Nam this year to May 20, including new and added investment and contributions for share purchases by foreign investors, reached nearly US$10.86 billion, the Foreign Investment Agency (FIA) under the Ministry of Planning and Investment reported. The figure was down 7.3 per cent year-on-year, but up 10.6 percentage points compared with the figure in the first four months of this year. More than $5.26 billion was injected into 962 new projects, representing year-on-year increases of 27.8 per cent in value and 66.4 per cent in number, the agency said. According to the agency, 1,278 transactions of capital contribution for share purchases were recorded in the period with a combined value of nearly $3.32 billion, down 5.6 per cent in number of transactions but … [Read more...] about Viet Nam’s five-month FDI reached nearly US$10.86 billion

Denis Brunetti, head of Ericsson Việt Nam, Myanmar, Cambodia and Laos (centre) received the award as one of Top 10 Best Workplaces™ in Việt Nam in the year 2023. — Photo courtesy of the firm Ericsson has been recognised as one of the Top 10 Best Workplaces™ in Việt Nam in the year 2023 by Great Place to Work Institute® for the second consecutive year. The Great Place to Work® Institute, the world’s largest and most respected study of workplace excellence, has recognised Ericsson’s commitment to fostering a culture of trust within the organisation that attracts and nurtures the best talent and encourages them to excel in performance. The ranking reflects how employees feel about working at Ericsson. The Workplace Award also takes into consideration an extensive culture audit, providing evaluators with insight into the company’s value system, programmes and practices in the areas of employee learning and development, talent management, employee engagement, leadership, … [Read more...] about Ericsson Vietnam recognised as one of Viet Nam’s Top 10 Best Workplaces™ in 2023

The two sides sign a document approving bilateral commitments at the meeting. — Photo courtesy of New Zealand Embassy in Ha Noi There is great potential for Viet Nam and New Zealand to further strengthen cooperation in terms of trade, industry and investment, said Deputy Minister of Industry and Trade Phan Thi Thang at the 8th meeting of the Viet Nam-New Zealand Joint Trade and Economic Commission (JTEC) held in Ha Noi on Tuesday. Co-chaired by Thang and Deputy Secretary for Foreign Affairs and Trade of New Zealand Vangelis Vitalis, the meeting focused on reviewing bilateral cooperation in trade, investment, agriculture, education and training, tourism, aviation, and labour. The two sides applauded the efforts and close cooperation between ministries and sectors of both sides in implementing agreements on economic and trade cooperation signed by the two countries' leaders. Trade between Viet Nam and New Zealand has grown strongly since the two countries established the … [Read more...] about Large room for Viet Nam, New Zealand to boost trade, investment ties: official

The fintech industry in Viet Nam has grown quickly in the last few years, especially during the COVID-19 pandemic. According to the statistics of the State Bank of Vietnam (SBV) and the Vietnam Fintech Market Report 2021, the number of companies in the industry has soared four times, from 39 companies at the end of 2015 to more than 154 by the end of 2021. Among those fintech companies, about 70 per cent are start-ups. On top of opportunities, there are challenges for the industry. Viet Nam News reporter Ly Ly Cao spoke to experts and insiders to learn more about the promising industry. Elaine Liu, business development director of Eddid Financial in Hong Kong. — VNS Photo What do you think about the prospects of the Vietnamese fintech industry? Elaine Liu, business development director of Eddid Financial in Hong Kong : We are very interested in the market. Everybody knows that Viet Nam is a booming market, especially for fintech and financial services. The Vietnamese … [Read more...] about Fintech a promising industry in Viet Nam: insiders

Turkmenistan Airlines cargo plane at London Stansted Airport is about to fly back to Viet Nam, transiting Turkmenistan. — VNA/VNS Photo TT Meridian, a leading international logistics and trading company specialising in the UK and Viet Nam markets, last week announced a new all-cargo air route between the UK and Viet Nam via Turkmenistan. The new route, announced by the company is operated by Turkmenistan Airlines, the flag carrier of Turkmenistan. The first all-cargo air route between Viet Nam and the UK is expected to boost bilateral trade activities after the UK-Viet Nam free trade agreement (UKVFTA) came into effect in May 2021. Under UKVFTA, both governments have committed to promoting trade and economic cooperation by reducing or eliminating import tariffs on a wide range of products, removing trade barriers, and creating a more favourable business environment. Thai Tran, Managing Director of TT Meridian said: “TT Meridian as the cargo sales agent handling the UK to Viet … [Read more...] about First all-cargo air service between Viet Nam, UK launched

ABB in Vietnam on May 23 launched ABB AbilityTM Smart Substation Control and Protection for electrical systems SSC600, an innovative, centralised approach to protection and control in distribution networks for the market of Viet Nam. Although representing a new way of thinking, SSC600 builds on ABB’s solid and proven technological foundation manifested in the renowned Relion® protection and control relay family. SSC600 offers extensive application coverage with a single device for convenient station-wide visibility, minimal engineering, easy and cost-efficient process management, and advanced life cycle management for digital substations. Combining SSC600 with merging units, which provide the measurements and physical interface between the primary equipment in the switchgear and SSC600, creates a unique, IEC 61850-compliant, centralised protection and control solution. Centralising all protection and control functionality in a single, IEC 61850-compliant device on the substation … [Read more...] about ABB launches new centralised protection, control solutions in Viet Nam

MTEX Vietnam, a subsidiary of Japan's Mtex Matsumura Corporation, which makes semiconductor devices and automobile parts. Viet Nam will continue to be the biggest beneficiary of “China + 1”- motivated investments in the years ahead. — VNA/VNS Photo The global corporate minimum tax is unlikely to impede Viet Nam’s FDI inflows given the fact that tax incentives are not the primary attraction for setting up a factory in Viet Nam, Michael Kokalari, chief economist at investment fund VinaCapital, said. In his latest analysis, he said FDI had been one of Viet Nam’s most important economic growth drivers over the last decade. The country had significantly outperformed its regional peers in attracting FDI since the US-China trade war emerged, but there were two potential risks to its future FDI inflows. Firstly, Viet Nam could be losing its competitiveness as an FDI destination versus India, Malaysia and/or Indonesia, and secondly, a new global corporate minimum tax scheme would reduce … [Read more...] about Việt Nam will continue to be prime destination for FDI: VinaCapital

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

Rooftop solar power system in Nha Trang City. — VNS Photo Ly Ly Cao The recently passed Power Development Plan VIII (PDP8) is expected to have positive impacts on the Vietnamese stock market, electric utility stocks, as well as related industries’ ticker symbols, said experts. The Government on Monday approved the PDP8, which guides the growth of renewable energy sources, including rooftop solar power. The plan aims at providing sufficient supply for domestic electricity demand, meeting the socio-economic development target with an average GDP growth rate of about 7 per cent a year during 2021-2030 and about 6.5-7.5 per cent a year in 2031-2050. The ambitious plan also sets out a roadmap to drastically cut coal power to convert and replace it with clean energy sources, especially wind and gas power. The share of renewable energy will increase to 30.9-39.2 per cent by 2030 and 67.5-71.5 per cent by 2050. Offshore wind power capacity is expected to reach at least 6,000 MW by … [Read more...] about Electric stocks expected to benefit from Power Plan

Amidst a year of pronounced turbulence in the Vietnamese stock market, the coveted positions within the top 10 public companies for 2023, voted for by Vietnam Report, have undergone noteworthy transformations compared to the previous year. Surpassing Vinhomes – the reigning champion in 2022 – to secure the top rank in Vietnam's prestigious list of public companies for 2023 is Vietcombank. This commendable feat sees a remarkable ascent from its sixth-place position in the previous year. In a stark contrast, Vinhomes finds itself relegated towards the lower end of the rankings. Notable business entities helmed by influential billionaires, including steel maker Hoa Phat, Masan, and Mobile World Group, have regrettably fallen out of the esteemed top 10 list. Emerging as formidable replacements, the likes of PetroVietnam Fertilizer and Chemicals Corporation (PVFCCo) and FPT have firmly secured positions within the top three. Continuing to hold their ground within the … [Read more...] about Vietnam’s 10 most reputable and efficient public companies in 2023