At the meeting, Naoto Obama, Vice President cum General Director of the Department of Foreign Market Development of the Asahi Corporation, emphasised that Nhan Dan Newspaper has a long-term tradition and many similarities to Asahi Television. He briefed those present on the history and development of the Corporation and noted that it has launched a representative office and a joint venture with an agency in Ho Chi Minh City. Several televisions in Vietnam have purchased the rights of TV programmes by Asahi Television, he added. Naoto Obama also expressed his wish to expand the Corporation’s market to the northern and central regions of Vietnam and stressed the high potential for cooperation between Asahi Corporation and Nhan Dan Newspaper. For his part, Deputy Editor-in-Chief of Nhan Dan Newspaper, Le Quoc Khanh, informed the Japanese guests of the history, scale and publications of the newspaper. He also said that with its strength in television and radio, the corporation would … [Read more...] about Asahi Broadcasting Corporation delegation visits Nhan Dan Newspaper
Corporate
Powerful corporations target hi-tech agricultural production
VietNamNet Bridge - Many large corporations have incurred losses after investing in agriculture projects, but money continues flowing into the agriculture sector, while investors are preparing to ‘play big’. FDI into agriculture accounts for 2.9 percent of total projects According to Ministry of Planning and Investment, 49,600 enterprises, or 8 percent of total enterprises, have invested in agriculture. Agriculture is an export-oriented sector with key exports bringing $36-37 billion in revenue a year. The government, in an effort to encourage investment in the agriculture sector, has offered attractive investment incentives and simplified administrative procedures by cutting 40-50 percent of required procedures. Hoang Anh Gia Lai pioneered investing in agriculture when it quit the real estate market and began growing rubber and fruit in Laos and Cambodia. US$1=VND22,000 RELATED NEWS Restructuring helps form three key categories of agricultural products Where … [Read more...] about Powerful corporations target hi-tech agricultural production
Power corporation to record over 12 percent growth in 2018
Illustrative image (Source: VNA) Hanoi (VNA) – The Northern Power Corporation (EVNNPC) is projected to enjoy a 12.14 percent production growth in 2018 with 64.3 billion kWh of electricity, according to a report delivered at the firm’s customers’ meeting in Hanoi on December 11. This year, the EVNNPC is likely to earn 105 trillion VND (4.51 billion USD), up 16.62 percent over 2017, said the report. So far this year, the firm has provided middle-voltage power to 2,107 customers. All service standards of the firm have been improved, winning more satisfaction from customers. Addressing the event with the participation of nearly 400 customers, Le Quang Thai, EVNNPC Deputy General Director said that the firm will focus on enhancing its capacity and working attitude as well as streamlining its organisation and management system. The corporation will continue strengthening the application of technology in production and show stronger performance in serving customers and … [Read more...] about Power corporation to record over 12 percent growth in 2018
BOD professionalism and corporate governance key to sustainable growth
A professional board of directors (BOD) propagating good corporate governance are said to play a key role in creating sustainable business development, which in turn helps the nation to move up the middle-income ladder. How BOD can support companies’ pursuit of long-term sustainability in Vietnam’s fast-growing economy has been brought up at the discussions today at the Annual Corporate Governance Forum 2018 on “Governing for Sustainability.” The forum has been co-organised by the Vietnam Institute of Directors (VIOD) and the Vietnam Corporate Governance Initiative (VCGI), in partnership with the State Securities Commission of Vietnam (SSC), the Ho Chi Minh City Stock Exchange (HOSE), and the Hanoi Stock Exchange (HNX), and supported by the International Finance Corporation (IFC), Switzerland’s State Secretariat for Economic Affairs (SECO), and the Government of Japan. The Annual Corporate Governance Forum discussed how the BOD can facilitate … [Read more...] about BOD professionalism and corporate governance key to sustainable growth
Regulations on corporate bond issuance
Illustration photo Accordingly, enterprises which issue corporate bonds are responsible for capital borrowing, capital efficiency, and debt payment. Enterprises are allowed to issue private corporate bonds to implement their programs, investment projects; expand capital scale; restructure debts. However, they are obliged to make specific announcements to investors. Spending of capital mobilization from corporate issuance must ensure accurate targets and information disclosure. The new decree also regulates buying of corporate bonds ahead of time and bond swapping in favor of debt reduction or restructuring. In Viet Nam, besides the Government bond market which is gradually stabilizing and become a helpful tool for the restructuring of public debts, the corporate bond market is emerging as a potential channel to mobilize medium and long term capital for the economy. According to the statistics from the Ministry of Finance, by the end of 2017, the … [Read more...] about Regulations on corporate bond issuance