Where are corporate bonds issued

Hang Sam Nang - CEO, Supersoft Technology In order to initiate an evidence-based debate about the future impacts of digital transformation, the World Economic Forum (WEF) has conducted a comprehensive quantitative analysis of the value to be at stake of 11 key industries. The analysis highlights three socioeconomic shifts derived from digital transformation, including employment and skills. Global job losses due to digitalisation are now estimated to vary between two million and two billion, including worries about the impact on wages and working conditions by 2030. Environmental sustainability will also be impacted. Historical trends forecast that for every 1 per cent increase in global GDP, CO2 emissions and the use of resources will increase by roughly 0.5 and 0.4 per cent, respectively. By 2030, existing business practices will contribute to a global gap of eight billion tonnes between supply and demand of natural resources, resulting in a $4.5 trillion loss in economic …

[Read more...] about Preparing local enterprises for digital transformation

Vietnam’s agro-forestry-aquatic product import-export hits over $82bil Vietnam’s agro-forestry-aquatic product exports and imports were estimated at nearly 82.67 billion USD in the first 11 months of this year, up 24.7 percent annually. Of the figure, around 43.48 billion USD was worth of exports, up 14.2 percent while nearly 39.18 billion USD was from imports, up 39 percent, resulting in a trade surplus of roughly 4.3 billion USD, down 56.5 percent year-on-year. The US was the biggest export market of Vietnam with over 11.9 billion USD, or 27.5 percent of the market share. It was followed by China with around 8.4 billion USD, accounting for 19.2 percent, and Japan with nearly 3 billion USD, or 6.9 percent. Share plunge as Omicron worries local investors Vietnamese shares plunged on Friday as the spread of the Omicron coronavirus variant dampened investor sentiment, triggering worries about hits to a nascent economic recovery. The market benchmark VN-Index on the Ho Chi …

[Read more...] about VIETNAM BUSINESS NEWS DECEMBER 4

Tran Nhat Minh, VIB deputy CEO and head of Banking Technology Services What do you think about the growing momentum of cloud computing among enterprises in the world and in Vietnam? Cloud computing has been around for 20 years, but has only become a big buzz in the last five. AI technology is a perfect match for cloud, giving businesses superior competitive advantages. Netflix has moved to the cloud more than five years ago. The Bank of America has migrated its data centre to the cloud two years ago; JP Morgan Chase teamed up with Amazon Web Services (AWS) for data analysis. CBA Bank (Australia) announced that 25 per cent of its applications will be running on the cloud within the next five years. Moving to the cloud is the new global trend, and it is essential that Vietnamese enterprises keep up with it. The collaborations of the three biggest tech companies and the biggest names in Vietnam – including two banks – in late September are proof of how impactful this trend is …

[Read more...] about Multi-cloud is the new trend

Haiphong is now facing a sharp jump in COVID-19 cases as people from pandemic-hit localities have been heading to the province. Many labourers from other localities came to work in Haiphong. Several community outbreaks were recently reported such as the case of a large construction site in Hong Bang district recently. According to Haiphong's Steering Committee on COVID-19 Prevention and Control, the increase in the number of new infections in the city in recent days was forecast after the government enacted Resolution No.128/NQ-CP with interim regulations on safe, flexible adaptation and effective control of the COVID-19 pandemic. Haiphong has been focusing on helping businesses maintain operations as usual To control the situation, Haiphong has been persistent and proactive in implementing health measures with three main pillars: 1) rapid isolation and testing; 2) early treatment, with administrative measures to ensure social security and meet the travel …

[Read more...] about Haiphong: Stable production and business in new normal

Illustrative photo Capital increase plan The Saigon Securities Company (SSI) increased its capital to VND9,848 bn in September, through issuance of nearly 218.3 million shares. When these additional shares were put into trading, SSI immediately announced the next capital increase plan. Specifically speaking, SSI will offer upto 497.3 million shares to existing shareholders at a ratio of 2:1, at offering price of VND15,000 per share, equivalent to mobilized value of VND7,460 bn. If successful, SSI charter capital will increase to approximately VND15,000 bn. At this time, the capital amount in SSI will be equivalent to that in a mid-range bank, such as TPB with VND11,700 bn; OCB with VND13,690 bn; HDB with VND19,922 bn; EIB with VND12,355 bn; SSB with VND14,780 bn; and VIB with VND15,530 bn. VNDirect Securities (VND) has also just announced a similar plan to raise capital for the second time with an even larger number of shares than SSI. Accordingly, VND will offer 435 million …

[Read more...] about Race to increase capital of stock companies

The fifth meeting of the 15th NA Standing Committee in late November (Photo: VNA) Hanoi (VNA) – The Standing Committee of the 15th National Assembly (NA) will convene its sixth meeting in Hanoi in on December 8 - 10 and December 21 - 22, with preparations for an extraordinary session of the parliament among issues high on the agenda. The NA Office announced on December 7 that the Standing Committee will discuss a draft law amending and supplementing some articles of the laws on public investment, public - private partnership investment, bidding, electricity, enterprises, special consumption tax, and enforcement of civil judgments; and a draft resolution on piloting some special mechanisms and policies for the development of Can Tho city. It will consider permitting the implementation of several healthcare-related mechanisms and policies to serve the COVID-19 combat; and extending the duration of goods storage at duty-free stores, warehouses of firms selling …

[Read more...] about NA Standing Committee to open 6th meeting on December 8

There is a high chance that the bilateral trade turnover could surpass the US$100-billion mark for the first time right this year. The shortage of goods due to the disruption of the global supply chains and growing demands from major economies on recovery, especially the US, is offering opportunities for Vietnamese businesses to further penetrate the world’s largest market. Vice Minister of Industry and Trade Do Thang Hai. Photos: Hai Yen Counselor of the Vietnam Trade Office in the US Bui Huy Son shared the view at the Vietnam-US Trade Forum 2021 held today [December 7]. “As Vietnam makes up only 3.6% of US total imports, there remains huge potential in economic cooperation for both countries,” Son noted. Sharing the view, Vice Minister of Industry and Trade Do Thang Hai said the US remains one of Vietnam’s key partners in all spheres, noting cooperation in trade and economy between the two is the pillar in the bilateral comprehensive partnership. …

[Read more...] about US economic recovery offers opportunities for Vietnam businesses

According to experts, many SoEs which used to make significant profits and contributed to the State budget, have become burdens on the economy when their investments caused losses of trillions of dong. While Vietnam was focusing on the assessment of State-owned enterprises (SOEs)’s performance, more than one third of ministries and ministerial-level bodies and about 20 per cent cities and provinces have neither submitted nor finished their reports on financial supervision results for their SOEs in the first half of the year. Ministry of Finance (MoF) announces it has not received the full financial supervision reports for SOEs for the first half. — Photo tapchitaichinh.vn According to the latest report by the Ministry of Finance (MoF), as of October 25, 2021, it has not received the full financial supervision reports for their managing SOEs, whose State investment accounted for more than 50 per cent of the charter capital, adding that this was a common issue. …

[Read more...] about Full financial reports of SoEs not submitted: Finance Ministry

Việt Nam is the largest corn importer in Southeast Asia. It is forecast that Việt Nam's import demand for corn and grain by-products for animal feed will triple over the next ten years. — Photo nongnghiep.vn HÀ NỘI — Việt Nam is the largest corn importer in Southeast Asia and is forecast to be the fifth-largest importer in the world, opening the door for foreign animal feed suppliers to expand their trade in the country. According to the General Department of Customs (GDC), the import turnover of animal feed and raw materials reached nearly US$4.14 billion in the past 10 months, up 29 per cent on the same period in 2020. The GDC estimates that this number will continue to grow, providing opportunities for corn and fermented by-products (DDGS) exporters around the world to increase their trade with Việt Nam. In the first 10 months of 2021, the biggest importer was Argentina with 35 per cent of the market, reaching $1.45 billion, up 11.4 per cent over the same period in 2020. …

[Read more...] about Vietnamese animal feed imports continue to rise