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The report aligns with the United Nations 17 Sustainable Development Goals and covers all company’s markets “This sustainability report marks an important milestone in our journey as a responsible, inclusive business, that has ESG principles firmly embedded in its values and DNA,” said Jean-Pascal Duvieusart, CEO at Home Credit Group. “I would like to thank all our employees, who continue to demonstrate creativity, passion, and dedication in everything they do. They are living proof that when ESG is consciously embedded in our culture and mindsets, real change happens,” Duvieusart said. Jiri Smejc, CEO of PPF Group and chairman of the board of Home Credit Group said, “Fairness to customers, employees, and communities has always been part of our DNA. It is who we are. ESG principles now give us a tool to show our responsible business practices in a formal, comprehensive way. And I am proud that we can already count a number of milestones on our ESG journey.” Digital … [Read more...] about Home Credit publishes its 2021 Sustainability Report

Customers conduct banking transactions at a Vietcombank branch. The bank tops the list of the 10 most prestigious commercial banks in Vietnam in 2022. - Photo baochinhphu.vn The 10 banks honoured as the most prestigious commercial banks in the country are Vietcombank, VietinBank, Techcombank, Military Bank, VPBank, ACB, BIDV, TPBank, VIB and AgriBank. Meanwhile, the list of the 10 most prestigious private joint-stock banks comprises Techcombank, VPBank, ACB, TPBank, VIB, HDBank, Sacombank, SHB, OCB and MSB. The banks have been ranked based on three criteria: financial capacity shown on the latest financial statement, credibility on media evaluated by the Media Coding method, and stakeholder opinions collected in a survey in June. The survey also showed that 48 per cent of bank customers think the banking industry has been playing a leading role in the country's economic recovery, 77 per cent think banks have been maintaining decent customer services, and 58.9 per cent think … [Read more...] about Vietnam Report announces Top 10 prestigious banks

Vietnam and the UK would strengthen cooperation in green finance, and digitalization of the financial sector, with the UK's assistance in providing the required resources for Vietnam to realize its commitments at the COP26. Vietnam expects to receive UK’s support in finalizing legal frameworks in the field of banking and finance, as well as a performance evaluation system for businesses. Chairman of the National Assembly Vuong Dinh Hue and the Acting Mayor of the City of London Peter Estlin. Source: VNA Chairman of the National Assembly Vuong Dinh Hue expressed his hope during a meeting with the Acting Mayor of the City of London Peter Estlin on June 29 (local time) in the UK’s capital. At the meeting, Hue highlighted the role of London as one of the world’s largest financial centers in the world, while many UK finance-banking institutions such as Prudential, HSBC, and Standard Chartered have been effectively operating in Vietnam over the years. In this … [Read more...] about Vietnam looks for UK support in finalizing financial regulations: NA Chairman

NA Chairman Vuong Dinh Hue (R) meets with Prudential Chairwoman Shriti Vadera in London on June 29. (Photo: VNA) London (VNA) – National Assembly (NA) Chairman Vuong Dinh Hue received leaders of some enterprises of the UK in London on June 29 (local time), part of his official visit to the European country. Talking to Prudential Chairwoman Shriti Vadera, the NA leader congratulated the firm on its successes in the world as well as in Vietnam, expressing his hope that it will continue operating successfully in the country and fulfill its social responsibility. He affirmed that the Vietnamese Government and NA are ready to consider and deal with the problems facing businesses, including those from the UK, when operating in Vietnam. Vadera said Prudential is delighted to be part of the country’s development, and it can help with this process by issuing long-term bonds. The insurer pledges to cooperate with the Vietnamese Government in green investment, insurance … [Read more...] about NA Chairman receives leaders of British enterprises in London

Malaysian Minister of Finance Zafrul Tengku Abdul Aziz (Photo: Bernama) Kuala Lumpur  (VNA) -  The total amount of subsidies for Malaysian people is expected to reach near 80 billion RM (nearly 20 billion USD) in 2022, according to Malaysian Minister of Finance Zafrul Tengku Abdul Aziz. In the 100th People’s Financial Report released on June 27, the minister said to reduce inflationary pressures on the people, the government has provided various consumption subsidies consisting of petrol, diesel, liquefied petroleum gas (LPG), cooking oil, flour and electricity. The projected consumption subsidies expenditure for 2022 is the highest amount of subsidies in history ever borne by any government, he added. The Malaysian government will continue to implement policies to curb inflation in order to avoid excessive price increases, and help those in need of direct assistance. Large amounts of government funds have been spent to address the impact of the COVID-19 … [Read more...] about Malaysia to spend 20 billion USD on subsidies in 2022

And it is not just breakfast. The 40-year-old Hanoian has specific menus for every meal of the day, typically containing a vegetable soup and two dishes. Eggs, tofu, peanuts, dried fish, and meat are part of them, but Tien insists that a meal for his family of four must not cost more than VND50,000 (US$2.15). The food is so monotonous that their youngest son, who is in third grade, frequently complains, "The meal at school is better than at home." Tien’s standard response is that he had to eat rice with corn and potatoes when he was a teenager, and so his children should be grateful for having "an affluent life." The family members cannot buy more than two new clothes in a year. When Minh asked to buy a new dress to wear on a company trip, he complained for a week because "there are four dresses hanging in the closet." Neither of their families faces any financial hardship and they themselves earn around VND40 million a month, which is much higher than the VND7.2-million … [Read more...] about When people go to extreme lengths to save money

After five years, Beyond has 33 full-time employees and more than 3,000 part-time employees working in different cities across the country in various marketing fields such as brand communication, commerce, and offline and online marketing. Besides this, the company also produces and organises large and small events for domestic and international customers and partners. Beyond Communication’s representatives at the SME100 Awards 2021 ceremony Instead of separating offline and online marketing activities, Beyond has combined them into a unified whole, creating campaigns into valuable and effective 360-degree marketing circles that offer actual and distinct value for each customer. Despite starting as a startup, Beyond has continuously strived to achieve a growth rate of 20-30 per cent per year for the past five years, both in terms of company capacity and total revenue from the projects. All are reflected transparently through the results of financial and business … [Read more...] about Beyond Communication to win the SME100 Awards 2021

Prime Minister Pham Minh Chinh, at his meetings with Vietnamese farmers and agricultural businesses a few weeks ago, cited the success of TH Group as a fine example of high-tech agricultural development, and the circular economic model being pursued by the government. Famous for its TH true MILK brand, TH Group has been operating a $1.2 billion farm cluster project in the central province of Nghe An, featuring a state-of-the-art dairy cow farm and fresh milk production plant. The facility, which has a total annual capacity of 500,000 tonnes, hopes to quadruple the number of cattle to around 200,000 by 2025. To save production costs, TH Group has been operating a state-of-the-art system of solar power panels on the roofs of the farm cluster, and the system has been connected with the national power grid. As of last year, power produced from the panels has met one-fifth of the farm’s electricity demand. In 2019, TH Group began to use straws made from advanced bioplastics. This … [Read more...] about Businesses get set for circular economy

The government has already made strong efforts to boost the domestic business environment, Le Toan With the National Assembly (NA) urging the government to quicken the implementation of the country’s Programme on Socioeconomic Recovery and Development (PSRD) backed by a monetary and fiscal policy worth $15 billion in a bid to provide more assistance to struggling enterprises and people, Deputy Prime Minister Pham Binh Minh has reported to the NA that the government will do its best to continue carrying out this great mission. “So far, the government has promulgated six decrees to implement many initiatives on the exemption, reduction, and extension of tax payment, land rental, and lending rate assistance,” Minh said. “The prime minister has also enacted decisions on providing support in the form of housing rental for labourers, providing concessional loans for pupils and students, and privately-owned nursery schools and primary schools.” The government has also announced an … [Read more...] about New principles deployed for policy funding

Many people remain surprised by record-beating petrol prices, Le Toan The Ministry of Industry and Trade (MoIT) last week warned that prices of fuel, commodities, and input materials, especially imported ones, are forecasted to continue hovering at a high level, causing a continued hike in prices of goods in the domestic market and greatly affecting business and production activities. “The Russia-Ukraine conflict continues to have major impacts on the supply chains and on prices of crude oil from Russia, pushing up prices in those markets and accordingly pressuring prices in the world market. Increased prices of key goods including petrol and gasoline, fertiliser, and foodstuffs will affect Vietnam’s production activities,” said an MoIT report on Vietnam’s industry and trade situation. “In addition, the drastic implementation of the government’s economic stimulus packages will spur economic growth but increase inflation pressure.” By late last week, the global average price of … [Read more...] about Immediate hike risks tackled as inflation squeezes workers