Retail sustainability

Delegates discuss issues related to sustainable development at the ‘Good for Business, Good for Planet’ seminar held in HCM City on Wednesday. — VNS Photo Shifting to green growth would help businesses increase their competitiveness and catch up with trends in the domestic and foreign markets, delegates told a seminar in HCM City on Wednesday. As one of the world's most vulnerable countries to climate change, Viet Nam has made multi-dimensional efforts to drive the whole nation towards its collective goal of reaching net zero greenhouse gasses emissions targets, achieving sustainable development, and contributing to tackle the global climate change crisis, they said. Speaking at the ‘Good for Business, Good for Planet’ seminar held by Nhip Cau Dau Tu magazine, Tim Evans, CEO of HSBC Vietnam, said, “The green journey that Viet Nam has embarked on is bringing both opportunities and challenges. Those businesses who get onboard early can capture major opportunities and build a … [Read more...] about Going green gives businesses a competitive advantage

As a long-standing technology partner of Audi globally, ABB E-mobility was selected to deliver its market-leading electric vehicle chargers in Vietnam for the launch of new all-electric Audi e-tron GT quattro, Audi’s first electric car to hit the Vietnamese market. Like many similar Asian countries, Vietnam is experiencing rapid urbanization. The rate of car ownership is forecasted to grow thirty-five-fold from 2010 to 2050. To help mitigate the environmental impact of this increase, it is vital that the sector evolves by embracing e-mobility solutions. ABB Wallbox charger 2022 marks many changes in the electric vehicle market in Vietnam. Reputable car manufacturers, such as Audi, have realized their plans by bringing electric car models to the country. While the Vietnamese government’s incentives for e-mobility is still in the first phase, the progress in e-mobility being driven by well established vehicle manufacturers shows the important role that electric … [Read more...] about ABB and Audi cooperate to drive e-mobility adoption in Vietnam

A strong business community will build an independent and highly resilient economy. Localities are expected to further create a favorable environment for business operation, especially in simplifying administrative formalities and avoiding petty corruption. Prime Minister Pham Minh Chinh at the conference. Photos: Nhat Bac Prime Minister Pham Minh Chinh stressed the view during a conference between the Government’s leader and business community on August 11, which drew the participation of 1,200 delegates from a business association and local companies. According to Chinh, more than two years since the outbreak of the Covid-19 pandemic, Vietnam has now put the situation under control and maintained positive growth. Vietnam’s GDP  during the six months expanded by 6.42%, higher than the 5.74% rate in the same period last year, and equivalent to the growth rate recorded in the pre-pandemic period 2016-2019 (6.38%). In addition, Chinh also pointed out high … [Read more...] about PM urges favorable environment for businesses

The Vietnam Employment Outlook Survey Q3 & Q4 2022 by recruitment company ManpowerGroup Vietnam said 88% of enterprises plan to expand or at least maintain their payroll in the second half of the year. The manufacturing, wholesale, retail, banking-finance, and professional consulting sectors expressed the greatest desire to expand. The survey focused on mid-career jobs and found nearly half of enterprises plan to hire people with at least six months’ experience. "The Vietnamese labor market is, from our perspective, bustling," Nguyen Xuan Son, ManpowerGroup Vietnam acting country operations manager, staffing and outsourcing services, said. But businesses are facing challenges with 57% saying they have difficulty in hiring. One of the challenges is that candidates do not have the soft skills they require, such as English proficiency. Nearly one in three companies said fewer than 10% of their employees have the necessary English skills to work. Nguyen Thu Trang, … [Read more...] about Companies want to recruit workers, but have difficulty: survey

The Ministry of Finance (MoF) is working on perfecting governmental Decree No.153/2020/ND-CP which regulates privately-placed corporate bond issuances. One of the highlights of the amended decree is gearing individual professional investors’ attention to bond products of better quality, mandating enhanced conditions from service providers, and adding regulations about the rights and responsibilities of market supervisory bodies. The MoF is working on perfecting regulations on corporate bond issuance and trading Accordingly, in light of the proposed amended Decree, individual professional investors need to possess a bond value touching VND1 billion ($43,470), stock investment value reaching VND2 billion ($86,950), and an account value (not using margins) maintained at least six months. In addition, investors must clearly understand the conditions, clauses, and risks associated with the bond investment, and ensure to fully abide by regulations before engaging in … [Read more...] about Constituting a healthy corporate bond market

MerryLand Golf Club has unique terrain overlooking the sea, bay, and mountain As general manager of many famous golf clubs all over the world, what brought you to MerryLand Golf Club? The creative design team of Greg Norman and the vision of a high-class developer who is creating a world-class golf club. I believe the vision that Hung Thinh Corporation has for MerryLand Golf Club is truly amazing and I wanted to be part of that journey. The course itself will be quite unique due to the topography and its location along with its integration within MerryLand Quy Nhon. The course will play a little over 7,200 yards from the championship tees and with multiple tee ground options available, the course will be both playable and challenging for golfers of all abilities. The Par 72 course will also provide spectacular views overlooking Mai Huong Bay. What is the difference between MerryLand Golf Club and other golf clubs in Vietnam, which will make golfers visit more than … [Read more...] about MerryLand Golf Club expects to be the most ideal golf course

At the conference on August 11, MPI Minister Dung said that thanks to the control of the pandemic and the maintenance of macroeconomic stability, the business sector has reported a positive recovery recently. As of July, the whole country had about 871,000 operating enterprises with tax incurred, an increase of nearly 13 per cent compared to 2021. In the first seven months of 2022, the number of enterprises entering and returning to the market, as well as additionally registered capital into the economy, increased sharply. The number of enterprises entering and re-entering the market was over 130,000 enterprises, an increase of 26.8 per cent on-year, 1.4 times higher than the number of enterprises withdrawing from the market. The total registered capital added to the economy in the first seven months of 2022 reached over $143 billion, an increase of over 37 per cent on-year. According to reports from business associations, the market has recovered over 75-85 per cent compared … [Read more...] about Utilising every opportunity to grow and overcome challenges

The nation will play a more extensive role in future UN peacekeeping operations, including expanding the number of missions conducted by Vietnamese peacekeeping forces through forms of deployment. At the reception (Image source: qdnd.vn) Deputy Minister of National Defence Sen. Lieut. Gen. Hoang Xuan Chien made the statement during a reception held on August 12 in Hanoi for Pauline Tamesis resident coordinator of the UN in Vietnam. Deputy Minister Chien emphasised that this year is of great significance as it will mark the 45th anniversary of the country’s participation in the UN. History shows that Vietnam has closely co-ordinated with international organisations, especially the UN, in order to carry out a foreign policy of independence, self-reliance, multilateralisation, diversification, and being a responsible member of the wider international community. The Deputy Minister also acknowledged the goodwill and co-operation of the UN and their competent … [Read more...] about Vietnam participates more deeply in UN peacekeeping operations

Deputy Defence Minister Sen. Lt. Gen. Hoang Xuan Chien (R) and UN Resident Coordinator in Vietnam Pauline Tamesis at the meeting in Hanoi on August 12 (Photo: VNA) Hanoi (VNA) – Deputy Minister of National Defence Sen. Lt. Gen. Hoang Xuan Chien received UN Resident Coordinator in Vietnam Pauline Tamesis in Hanoi on August 12, saying that Vietnam will take part in UN peacekeeping operations more extensively in the time ahead. Chien appreciated the cooperation and assistance from the UN and its agencies in Vietnam, especially the UN Resident Coordinator Office, when the country served as the ASEAN Chair in 2020 and a non-permanent member of the UN Security Council during 2020 - 2021. He thanked the UN and relevant agencies for working closely with Vietnam to successfully carry out many war aftermath settlement activities, particularly the programmes and projects on addressing war-left unexploded ordnances and toxic chemicals, resulting in positive outcomes. The … [Read more...] about Vietnam to engage in UN peacekeeping operations more extensively: official

Hanoi (VNA) - The following is a list of selected news summaries last night by Vietnam News Agency. – The 14th meeting of the National Assembly Standing Committee wrapped up in Hanoi on August 11 after two and a half days of sitting. NA Chairman Vuong Dinh Hue said the meeting had completed all tasks as scheduled. Read full story – Standing members of the steering committee in charge of a project to draft a strategy for building and completing a law-governed socialist state of Vietnam by 2030, with a vision to 2045, held a meeting with the Central Theoretical Council in Hanoi on August 11. Members of the council showed their support for the draft strategy, which they said has been prepared in a methodological, democratic and scientific manner that guarantees the Party’s comprehensive and absolute leadership, firmly maintains the socialist orientation, and doesn’t include loopholes for hostile forces to take advantage of to sabotage the Party, State or regime. Read full story … [Read more...] about ☀️ Morning digest August 12