Ecosystem for local supporting industry enterprises needed: industry insiderBy Lan Nhi Chau Ba Long, general director of Minh Nguyen Industrial Support JSC - PHOTO: NGUYEN NAM HANOI - Domestic supporting industry enterprises should develop an ecosystem so that they can support each other to become suppliers for multinational industrial manufacturers, said Chau Ba Long, general director of Minh Nguyen Industrial Support JSC, the first-tier supplier for Samsung factories. The fact is that Samsung and other multinational industrial manufacturers tend to choose their own suppliers to ensure smooth operations in the countries where they make investments. Asked why Minh Nguyen, which has only been established in the local market for three years, decided to engage in the supporting industry, Long said that Vietnamese enterprises have high potential to become suppliers for international giants. Many international groups have visited Vietnam to study the local human resources and … [Read more...] about Ecosystem for local supporting industry enterprises needed: industry insider
Stock market unpredictable in 2019, say experts
Stock market unpredictable in 2019, say expertsBy Phuong Thao HCMC – The local stock market is expected to have unpredictable moves in 2019 as global developments have become complicated, causing challenges to economic management in the country, said securities experts. Speaking with vietstock.vn, Duong The Quang, general director of DongABank Securities Company, forecast 2019 to be a tough year, citing that both overseas and domestic factors may cause huge impacts on the local market. First, the trade war between the U.S. and China have turned complicated, with its impacts seen in many aspects such as technology, capital and currency. Vietnam, having strong trade relationships with the two markets, will endure significant influence. Second, the local economy, despite its impressive growth rate in 2018, still heavily depends on foreign direct investment (FDI) and a number of large companies. If the global economy suffers unfavorable movements, the enterprises will see their … [Read more...] about Stock market unpredictable in 2019, say experts
HCMC launches traffic hotlines for Tet
HCMC launches traffic hotlines for Tet The Saigon Times Daily Traffic police patrol a street in HCMC - PHOTO: VNA HCMC – The HCMC Department of Transport has rolled out 24-hour hotlines to receive and respond to complaints on infrastructure, transportation and traffic safety incidents during the upcoming Lunar New Year, or Tet, VietnamPlus news site reported, citing Deputy Director of the department Tran Quang Lam on January 22. Lam said that residents can report unreasonable fares for coach tickets or complaints over unsafe vehicles through the hotlines, 02838300701 and 0913880906, which are run by the inspection team under the department. In addition, the hotline 0388247247, run by the Saigon River Tunnel Management Center, will be available during the Tet holiday to receive complaints and information related to infrastructure and traffic safety. Lam said that the city would mobilize a sufficient number of coaches to meet the travel demand from residents during the … [Read more...] about HCMC launches traffic hotlines for Tet
Vietjet to add 2,500 flights during Tet
Vietjet to add 2,500 flights during TetBy Le Anh A Vietjet aircraft parks at HCMC-based Tan Son Nhat International Airport in this file photo. The local budget carrier plans to add 2,500 flights to serve the rising number of customers during the Tet holiday – PHOTO: LE ANH HCMC – Local budget carrier Vietjet has announced plans to add 2,500 flights to its schedule, offering over 500,000 tickets to serve the surging demand for travel during the upcoming Tet holiday. The carrier plans to operate more than 12,500 flights in total between January 20 and February 19, including over 4,000 international flights, up 20% year-on-year. Regarding airway safety, Vietjet and the Civil Aviation Authority of Vietnam have completed the necessary supervision tasks to ensure the safety of passengers, following several incidents involving safety issues recently. The local low-cost carrier confirmed that it will continue investing in convenient services and raising the number of … [Read more...] about Vietjet to add 2,500 flights during Tet
New multi-stakeholder initiative seeks to make finance sector ally of sustainability
Sustainable finance has been at the top of the agenda for Việt Nam. -- thoibaotaichinh.vnViet Nam News HCM CITY — The Asia Sustainable Finance Initiative was launched in Singapore on Monday to help shift Asia’s financial flows towards sustainable economic, social and environmental outcomes. With WWF as its secretariat, the multi-stakeholder platform will bring together the finance industry, academia, and science-based organisations, to support Singapore-based financial institutions in deepening their sustainable finance expertise. It will provide Southeast Asian financial institutions with the right tools and knowledge to better manage sustainability and climate-related risks and opportunities as well as receive updates on upcoming research, tools and activities. Sustainable finance has been at the top of the agenda for Việt Nam since the finance sector is critical to driving sustainable business practices in major sectors such as rice, seafood and energy. … [Read more...] about New multi-stakeholder initiative seeks to make finance sector ally of sustainability