A new study has uncovered worrying trends on the operation of Vietnamese businesses over the past four years. According to PwC Vietnam’s assessment findings, local companies are lagging behind most regional and global peers. Flat margins and returns on capital employed, and deteriorating working capital performance in the wake of a lengthening cash-to-cash cycle were highlighted in the study. Titled “Cash for growth or growth for cash?”, the assessment features analysis of the past four years of the largest 400 companies by revenue, across 14 sectors listed on both the Ho Chi Minh City Stock Exchange (HSX) and the Hanoi Stock Exchange (HNX). Top companies have been growing in line with economic growth, at 6.1 per cent per annum for the fiscal year between 2013-2017, thanks to a conducive monetary policy and high foreign direct investment flows. However, margin growth has been flat for the same period due to expenses outgrowing revenues. Moreover, there was a … [Read more...] about Work still to do for public companies
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VinFast uses one of the best engines in the world
Viet Nam News The new VinFast cars, which are on display at the 2018 Paris Motor Show, offer a top-level engine that is comfortable and safe, saving fuel while minimising pollution. Günter K. Fraidl, Senior Vice President of AVL, a leading engine and powertrain designer that has partnered with VinFast to revise the famous BMW N20 engine, speaks with local media about the advanced engines. As Senior Vice President in charge of powertrain systems for AVL, could you tell us more about the role of AVL in designing and manufacturing VinFast automobiles? The VinFast engine was developed based on technology and components licensed from BMW. Magna Steyr has been selected as VinFast’s engineering partner for the development of their new vehicles. AVL has also been selected to help develop the powertrain, in close collaboration with Magna Steyr. When did AVL start co-operating with VinFast? How do you evaluate the feasibility of the new Vietnamese brand? VinFast started … [Read more...] about VinFast uses one of the best engines in the world
Unconventional entrepreneur develops Việt Nam’s best-known co-working space
Viet Nam News Many people sneered when he opened his first co-working space on Tràng Thi Street in Hà Nội. Few believed the concept, new and “odd” at that time, could succeed. Years have passed, and Dương Đỗ’s ambition has come true, and his Toong co-working space has become a smashing success, even spawning copycats. Lê Thu Ngân speaks to Dương. Inner Sanctum: You used to be the managing director of a reputed foreign company. Why did you quit a job that is even now the dream of many young people to start Toong? How did the idea of opening a co-working office first come to you? Repetition will not add more new value to society. So, since the start of my professional career, I have always chosen unconventional routes. I joined Galaxy Studio when the cinema industry in Việt Nam was at a nascent stage. Then I joined Richard Moore Associates when branding was still a foreign concept in … [Read more...] about Unconventional entrepreneur develops Việt Nam’s best-known co-working space
Samsung helps turn Vietnam into world leading cellphone manufacturer: PM
Phuc made his remark at a reception for President and CEO of the Republic of Korea’s Samsung Electronics Co., Ltd. Dongjin Koh in Hanoi on April 20. Prime Minister Nguyen Xuan Phuc (R) presents a souvenir to Dongjin Koh, President and CEO of the Samsung Electronics Co., Ltd. Expressing his delight at fruitful growth of Vietnam – Republic of Korea ties across all fields, the PM hailed Samsung’s achievements and contributions to Vietnam’s economic development. He said the Vietnamese Government highly values efforts made by RoK investors, particularly Samsung, in maintaining their top position among foreign investors in Vietnam for years. Samsung’s cooperation, investment and production are important to the two countries’ strategic partnership, PM Phuc added, saying Vietnamese relevant agencies will continue creating the best possible conditions for the group’s operation. He requested the company to implement its research and … [Read more...] about Samsung helps turn Vietnam into world leading cellphone manufacturer: PM
Samsung helps turn VN into world leading cellphone manufacturer: PM
Prime Minister Nguyen Xuan Phuc (R) presents a souvenir to Dongjin Koh, President and CEO of the Samsung Electronics Co., Ltd. (Photo: VNA) Hanoi (VNA) – Vietnam is proud to host Samsung’s presence, which has turned the country into a leading cellphone manufacturer in the world, stated Prime Minister Nguyen Xuan Phuc. PM Phuc made his remark at a reception for President and CEO of the Republic of Korea (RoK)’s Samsung Electronics Co., Ltd Dongjin Koh in Hanoi on April 20. Expressing his delight at fruitful growth of Vietnam-RoK ties across all fields, the PM hailed Samsung’s achievements and contributions to Vietnam’s economic development. He said the Vietnamese Government highly values efforts made by RoK investors, particularly Samsung, in maintaining their top position among foreign investors in Vietnam for years. Samsung’s cooperation, investment and production are important to the two countries’ strategic partnership, PM Phuc … [Read more...] about Samsung helps turn VN into world leading cellphone manufacturer: PM