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As a long-standing technology partner of Audi globally, ABB E-mobility was selected to deliver its market-leading electric vehicle chargers in Vietnam for the launch of new all-electric Audi e-tron GT quattro, Audi’s first electric car to hit the Vietnamese market. Like many similar Asian countries, Vietnam is experiencing rapid urbanization. The rate of car ownership is forecasted to grow thirty-five-fold from 2010 to 2050. To help mitigate the environmental impact of this increase, it is vital that the sector evolves by embracing e-mobility solutions. ABB Wallbox charger 2022 marks many changes in the electric vehicle market in Vietnam. Reputable car manufacturers, such as Audi, have realized their plans by bringing electric car models to the country. While the Vietnamese government’s incentives for e-mobility is still in the first phase, the progress in e-mobility being driven by well established vehicle manufacturers shows the important role that electric … [Read more...] about ABB and Audi cooperate to drive e-mobility adoption in Vietnam

A strong business community will build an independent and highly resilient economy. Localities are expected to further create a favorable environment for business operation, especially in simplifying administrative formalities and avoiding petty corruption. Prime Minister Pham Minh Chinh at the conference. Photos: Nhat Bac Prime Minister Pham Minh Chinh stressed the view during a conference between the Government’s leader and business community on August 11, which drew the participation of 1,200 delegates from a business association and local companies. According to Chinh, more than two years since the outbreak of the Covid-19 pandemic, Vietnam has now put the situation under control and maintained positive growth. Vietnam’s GDP  during the six months expanded by 6.42%, higher than the 5.74% rate in the same period last year, and equivalent to the growth rate recorded in the pre-pandemic period 2016-2019 (6.38%). In addition, Chinh also pointed out high … [Read more...] about PM urges favorable environment for businesses

The Customs Department of Ho Chi Minh City (Illustrative photo: VNA) Hanoi (VNA) – Permanent Deputy Prime Minister Pham Binh Minh has signed a decision approving a plan to improve people’s law accessibility. The overall goal of this plan, to be carried out nationwide from 2023 to 2030, is to roll out and implement measures and tasks in a timely, effective, and comprehensive manner to improve people’s accessibility to law , as well as agencies and organisations’ sense of responsibility towards assisting people in this regard, thereby helping promote the public’s understanding of, adherence to, and use of law to protect their rights and legitimate interests. Among its targets, the plan looks to review and propose all-round, effective and feasible policies and regulations on law access that are appropriate to each period, while raising the awareness, sense of responsibility, and habit of learning about and complying with law among the community, especially children, poor … [Read more...] about Plan approved to promote people’s law accessibility

The Vietnam Employment Outlook Survey Q3 & Q4 2022 by recruitment company ManpowerGroup Vietnam said 88% of enterprises plan to expand or at least maintain their payroll in the second half of the year. The manufacturing, wholesale, retail, banking-finance, and professional consulting sectors expressed the greatest desire to expand. The survey focused on mid-career jobs and found nearly half of enterprises plan to hire people with at least six months’ experience. "The Vietnamese labor market is, from our perspective, bustling," Nguyen Xuan Son, ManpowerGroup Vietnam acting country operations manager, staffing and outsourcing services, said. But businesses are facing challenges with 57% saying they have difficulty in hiring. One of the challenges is that candidates do not have the soft skills they require, such as English proficiency. Nearly one in three companies said fewer than 10% of their employees have the necessary English skills to work. Nguyen Thu Trang, … [Read more...] about Companies want to recruit workers, but have difficulty: survey

The Ministry of Finance (MoF) is working on perfecting governmental Decree No.153/2020/ND-CP which regulates privately-placed corporate bond issuances. One of the highlights of the amended decree is gearing individual professional investors’ attention to bond products of better quality, mandating enhanced conditions from service providers, and adding regulations about the rights and responsibilities of market supervisory bodies. The MoF is working on perfecting regulations on corporate bond issuance and trading Accordingly, in light of the proposed amended Decree, individual professional investors need to possess a bond value touching VND1 billion ($43,470), stock investment value reaching VND2 billion ($86,950), and an account value (not using margins) maintained at least six months. In addition, investors must clearly understand the conditions, clauses, and risks associated with the bond investment, and ensure to fully abide by regulations before engaging in … [Read more...] about Constituting a healthy corporate bond market

The Second Proposal enabled the company to be consistently ranked first in social media shares by YouNet Media during the campaign’s roll-out period, significantly improving its brand awareness, consideration, and preference scores with more than 40 million reaches, 35 million views, and 10 million engagements achieved. The campaign has also contributed to Generali’s market-leading position in R-NPS measuring overall customer satisfaction. The Second Proposal is an integrated marketing campaign launched by Generali on the occasion of Valentine's Day. The campaign comprised a music video inspired by classic love stories, with impressive LED displays showcasing romantic proposal messages on major streets of Hanoi and Ho Chi Minh City to carry messages of lifetime bonding from Generali to its customers and the community. The campaign culminated in a spectacular show featuring popular artists such as Duc Phuc, LyLy, and Osad, delivering great music experiences while … [Read more...] about Generali Vietnam shining at the Insurance Asia Awards 2022

Many people in Hanoi's Old Quarter area have burnt votive paper on local streets on the Ghost Festival which traditionally falls on the 15th day of the seventh lunar month. It is common to see smoke from the votive burning on streets such as Hang Ngang, Hang Dao, Hang Buom and Hang Bong. Vietnamese people use lots of votive paper on the Ghost Day, the annual Wandering Souls Day, or Ghost Festival, when it is believed the gates to the afterlife are opened and spirits enter the real world. To mark the occasion people also burn gifts to offer to the dead in the hope they will use their powers to rid people of their sins and bad fortune. Many people even burn votive paper on the road. \ Excessive votive paper burning not only causes smoke but also the risk of fire and pollution as well as waste. … [Read more...] about Votive paper burnt in Hanoi’s Old Quarter

President Nguyen Xuan Phuc on August 12 decided to reduce death penalties to life sentences for 21 prisoners, including two foreigners. The decision was made in line with the 2013 Constitution and following proposals by the Chief Judge of the Supreme People’s Court, Prosecutor General of the Supreme People's Procuracy and Chairman of the Presidential Office. Amnesty is a major policy of the Party and State, manifesting the fine tradition of the nation in strictly handling those who violate the law while offering clemency and humanitarian treatment to prisoners who reform and wish to return to society as useful citizens. The consideration of granting amnesty to foreigners on the basis of fairness and transparency has also helped the international community better understand the policies of the Vietnamese Party and State./. … [Read more...] about President reduces death penalties to life sentences for 21 prisoners

An overview of the conference (Photo: VNA) Hanoi (VNA) – A project to develop a comprehensive model in building safe community against natural disasters in Vietnam , which is funded by the US Agency for International Development (USAID), was launched during a conference in Hanoi on August 11. The conference, jointly held by the American Red Cross Society, the US Red Cross Society, and others, aims to provide the project information to relevant stakeholders, and introduce the role of participating organisations in the project. The project, implemented from October 2021 to September 2023 in 16 communes and wards in Ha Giang, Son La and Thua Thien-Hue provinces, aims to enhance the capacity of the communal authorities and community organisations in supporting the community in preventing and minimising impacts from natural disasters as well as responding to the disasters, while improving the capacity of provincial authorities to coordinate resources for disaster … [Read more...] about Project to develop natural disaster-resilient community

An old architecture work in Hanoi (Photo: VNA) Hanoi (VNA) – The Department of Construction, Planning and Architecture of Hanoi has announced a plan to preserve 92 unique architectural works in the city. This will include 30 works managed by the municipal administration, 50 State-managed architectures, and 12 built before 1954. Under the plan, relevant agencies will be responsible for planning conservation and embellishment of architectural works; and building projects for managing, evaluating and verifying the quality of those to submit to the municipal People's Committee. The municipal administration will continue to guide the districts to maintain, renovate and repair a number of old architectural works built before 1954. According to the municipal People’s Committee, Hanoi has 1,216 works that are being managed in accordance with regulations on managing and using architectural works built before 1954 in the city./. VNA … [Read more...] about 92 old architecture works in Hanoi to be conserved