Prime Minister Nguyen Xuan Phuc speaks at the dialogue. (Source: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc hosted a dialogue on September 12 with arout 20 leaders of multinational corporations who are in Vietnam to attend the 2018 World Economic Forum on ASEAN (WEF ASEAN). At the dialogue, the Vietnamese leader wanted to know what investors expect from the Vietnamese Government and who are willing to expand investment in Vietnam. The PM urged the foreign businesses to clarify what adjustments that Vietnam should make to facilitate investors’ expansion in the country. He asked the participants to talk about issues of their interests as well as biggest concerns while running business in the country, and called on investors to contribute ideas to help Vietnam make breakthroughs in its development in both short and long terms. Speaking at the dialogue, global CEOs appreciated the Vietnamese Government’s management, especially in improving business and … [Read more...] about WEF ASEAN 2018: PM holds dialogue with global corporation leaders
Corporate
Leading corporations set for Industry 4.0
(VEN) - The Fourth Industrial Revolution or Industry 4.0 is having a strong impact on all areas, including existing production and management systems. Enterprises should take the initiative in approaching new technologies and transforming production and trade models. Most SABECO breweries have been computerized and automated Initial success The Ministry of Industry and Trade’s Department of Science and Technology says a number of leading corporations in the fields of electricity, oil and gas, and beer, alcohol and beverage industries have applied advanced technology in compliance with Industry 4.0. The Saigon Beer - Alcohol - Beverage Corporation (SABECO), for example, has had most of its breweries computerized and automated. As the most modern factory of the corporation, the Saigon-Cu Chi brewery has been equipped with the Laboratory Information Management System (LIMS) to manage operations, compile data and monitor equipment and personnel. The Vietnam National Tobacco … [Read more...] about Leading corporations set for Industry 4.0
Corporate bond issuance market sees significant changes
VietNamNet Bridge - Big changes can be seen in the corporate bond market, from issuers and issuance strategies to buyers. Some large real estate firms successfully issued corporate bonds In the past, issuing corporate bonds was done justly by large corporations. Big changes can be seen in the corporate bond market, from issuers and issuance strategies to buyers. The 5-year bond is US dollar denominated, convertible into ordinary shares with the initial price of VND74,750 per share, or 15 percent higher than the reference price on the day of issuance. The bond has the interest rate of 5.5 percent per annum and payments are made every six months. RELATED NEWS Bond market gets a promising start To raise funds, large corporations prefer bonds to bank loans Mai Thanh … [Read more...] about Corporate bond issuance market sees significant changes
DPM receives Executive Vice President at Mitsubishi Corporation
Deputy PM Vuong Dinh Hue (R) receives Executive Vice President at Japan’s Mitsubishi Corporation Hiroshi Sakuma, Ha Noi, August 29, 2018 - Photo: VGP/Thanh Chung At the meeting, Mr. Hiroshi Sakuma affirmed that Mitsubishi is investing in two BOT thermal power projects in Viet Nam including Vung Ang 2 with a designed capacity of 1,200MW, and Vinh Tan 3 with a designed capacity of 1,980MW. Viet Nam’s Ministry of Industry and Trade and Mitsubishi signed an investment agreement in early 2017, including land lease and power purchase contracts. Mitsubishi expects that the Vietnamese Government will soon resolve obstacles related to tax incentives for accelerating the operation of the projects, thus increasing the electricity supply capacity for the Vietnamese market, he said. Besides these two thermal power projects, Mitsubishi has planned to invest in an electric automobile production … [Read more...] about DPM receives Executive Vice President at Mitsubishi Corporation
Wave of appointments at Airports Corporation raise corruption doubts
The Ministry of Transport has ordered related agencies to investigate the case in which Le Manh Hung, director of the Airports Corporation of Vietnam (ACV) appointed and promoted 70 officials before retiring. Le Manh Hung, director of the Airports Corporation of Vietnam Hung will retire in mid-July but on June 19, he had already signed off documents to appoint over 70 officials into various positions. The newly-appointed officials took their position on July 1. Some offices and departments have one head and two vice heads appointed at the same time. Hung said, "The appointments followed the procedures. Some were already decided last year but weren't sign off until now. There's nothing shady at all." Lai Xuan Thanh, chairman of ACV, said, "Most of those appointments should have been signed while the former chairman Nguyen Nguyen Hung was still in office. But the Ministry of Transport said Hung was ready to retire and the new leaders should make the appointments to avoid … [Read more...] about Wave of appointments at Airports Corporation raise corruption doubts