The Phu My 3 power plant – the first build-operate-transfer project in the Vietnamese energy industry – has generated more than 70 billion kWh over the last 15 years, accounting for approximately 3 per cent of the total national power output. The $450 million Phu My 3 power plant is currently owned by three partners, including SembCorp Utilities from Singapore as well as Kyushu Electric Co. and Sojitz Corp. from Japan (66.67, 26.66, and 6.67 per cent). Deputy Chairman of the Ba Ria-Vung Tau People's Committee Nguyen Thanh Long presenting the first-class Labour Medal to Atul Nargund, representative of Phu My 3 BOT Power Co., Ltd. On its 15th anniversary held on April 12, Phu My 3 BOT Power Co., Ltd. received the first-class Labour Medal. According to Do Ba Canh, general director of Phu My 3 BOT Power Co,. Ltd., the medal marks a very important event in the course of the company’s operation and development in Vietnam. “We are pleased and proud that the … [Read more...] about $450 million Phu My 3 power plant celebrates 15 year anniversary
Southern banks are deploying a raft of major credit programmes in anticipation of burgeoning capital requirements from individuals and businesses in the upcoming months. Up to 70 per cent of SMEs reportedly could hardly access credit sources Early this month, Ho Chi Minh City-based Orient Commercial Bank (OCB) rolled out a VND3 trillion ($130.43 million) credit package targeting small- and medium-sized enterprises (SMEs) which operate in export-import and supply chain development with an interest rate of 7 per cent per year. In addition, with support from the International Financial Corporation (IFC), besides the $100 million credit package with priority given to SMEs with women at the helm, IFC offers OCB an advisory programme on supply chain sponsorship development. Viet Capital Bank has earmarked a credit package valued at VND1 trillion ($43.5 million) to aid SMEs with 8.5 per cent interest rate per annum, to be disbursed from now until the end of the year. This is the … [Read more...] about Avalanche of credit programmes to support SMEs and individuals
The operating environment for most industries became increasingly complex. It is more vital than ever for businesses to anticipate key market trends, to understand the industrial structure with a global perspective, and to master technological innovation. Chinaplas, Asia’s No. 1 plastics and rubber trade fair, offers an international platform for the release and exchange of information related to advanced new technologies. The show will not only feature more than 3,500 exhibitors but will also organize a series of exciting concurrent events to address the industries’ needs. These will include "Plastics Recycling & Circular Economy Conference and Showcase," “Industry 4.0 Factory of the Future,” “Tech Talk,” “Medical Plastics Connect,” and “Design x Innovation.” Plastics recycling and circular economy conference and showcase at Chinaplas 2019 Fostering the circular economy is a global consensus to achieve sustainable … [Read more...] about Incredible concurrent events at Chinaplas 2019
Vietcombank and PwC Consulting Vietnam have officially kicked off Vietcombank’s Digital Banking Transformation project today in Hanoi. This is considered a pioneering project of its kind among large commercial banks in Vietnam. Vietcombank chairman Nghiem Xuan Thanh The Digital Banking Transformation project is one of the major digitisation projects that Vietcombank has been implementing as part of its end-to-end digital transformation strategy. This particular project is expected to help Vietcombank boost the development of digital-based business models, with a view to achieving important business goals and improving customer satisfaction through digitised experience based on data and technology. Nghiem Xuan Thanh, chairman of the Board of Directors at Vietcombank highlighted the six key objectives for the Digital Banking Transformation project, namely diversified banking products and services; expanded sales and distribution channels; stronger risk management; … [Read more...] about Vietcombank, PwC cooperate on digital banking transformation
To get ahead in the competition with Grab, Go-Viet needs a strategy other than “burning money” to increase its market share, especially as they are running on a tighter budget than Grab. Go-Viet is slowing down the competitive push against Grab Entering Vietnam on August 1, 2018 through Ho Chi Minh City, Go-Viet has been competing in the local motorcycle ride-hailing market with the two main strategies of price competition and building an image of a small Vietnamese company challenging Grab in a David and Goliath set up. They "burned" their money through launching a loud promotion campaign offering rides for only VND5,000 ($0.22) for eight kilometres and charging no commission for drivers. At the same time, the firm tried to tie its brand closer to the market by taking on the red of the Vietnamese flag, contrasting with the green of Grab. Thanks to the attractive incentives, Go-Viet quickly captured the hearts of both customers and drivers. Go-Viet's leader stated … [Read more...] about Go Viet running out of gas?