“Supply chains in Southeast Asia are critical to the movement of goods globally and the industry landscape has undergone seismic shifts this year, mainly because of COVID-19. While e-commerce was already on the rise pre-pandemic, changing consumer demands and trends, coupled with added pressures from health and safe distancing measures, have pushed supply chains to new limits. … [Read more...] about More business leaders embrace digital technologies
50 cent business
Foxconn unit receives business license for $270 mln Vietnam plant
Foxconn, a major assembler of Apple products, including the iPhone, and the world's largest contract manufacturer, came to Vietnam in 2007, and has been operating mainly in the northern provinces of Bac Ninh, Bac Giang and Vinh Phuc, making computers and other electronic products and car parts. … [Read more...] about Foxconn unit receives business license for $270 mln Vietnam plant
Businesses join efforts in assisting people affected by pandemic, natural disasters
HCM City (VNA) – Up to 4,200 workers affected by COVID-19 will receive support from a programme jointly launched by the Vietnam General Confederation of Labour, Sai Gon Beer-Alcohol-Beverage Corporation (Sabeco) and local authorities. With total funding of more than 4.2 billion VND (181,300 USD), the programme will come to 28 cities and provinces nationwide from now to the Tet (Lunar New Year) festival, the corporation said on January 18. Earlier, under the programme, 1 billion VND was presented to central localities hit by floods and storms. Bennett Neo, Sabeco General Director, said the programme aims to help workers overcome difficulties and enjoy a happy Tet festival with their families. Meanwhile, VinaCapital Foundation has recently announced the second phase of a campaign to help Nam Tra My district in the central province of Quang Nam deal with consequences of natural disasters. More than 4.8 billion VND has been mobilised for the campaign, launched in October … [Read more...] about Businesses join efforts in assisting people affected by pandemic, natural disasters
Companies collect 17 billion USD via bond issuance in 2020
Hanoi (VNS/VNA) - As many as 277 businesses were involved in bond issuances in 2020, mobilising 403.5 trillion VND (17.4 billion USD), via some 2,200 issuance tranches, the Hanoi Stock Exchange has announced. In December 2020, there were 98 registrations for bond issuance with a total registered value of 75.35 trillion VND, 4.2 times higher than the previous month. Of them, there were 47 successful issuances from 35 enterprises, raising 34.7 trillion VND, accounting for 45.7 percent of the total registered value. The banking group was still the largest issuing group in the month, successfully issuing more than 19 trillion VND, accounting for 55.13 percent of the total value of issued bonds. Next was the real estate and construction with proportions of 5.88 percent and 4.38 percent, respectively. Other types of businesses accounted for a total of 28.35 percent of the value of bonds issued in December 2020./. … [Read more...] about Companies collect 17 billion USD via bond issuance in 2020
Long-term development commitments realised through strategic M&A moves
“Generally, all foreign investors regardless of corporate or financial investors look for the same thing: supporting their investee to grow, adding value and synergies to their portfolio of investments, and strengthening and generating financial returns,” he said. “For most Thai buyers, our general observation is that they do understand the general business practices in an emerging country like Vietnam, as most of their countries underwent the same business trajectory before.” … [Read more...] about Long-term development commitments realised through strategic M&A moves
