Manufacturing sector stocks

A corner of Hanoi (Photo: VNA) Hanoi (VNA) – The capital city of Hanoi ranked third among cities and provinces nationwide in foreign direct investment (FDI) in the first seven months of this year with 979.7 million USD, affirming its attractiveness to foreign investors. According to local authorities, this is the result of the city’s efforts to ensure an open and smooth investment and business environment and administrative procedures. Vice Director of the municipal Department of Planning and Investment Nguyen Ngoc Tu said that since the beginning of this year, the city has applied various measures to speed up socio-economic recovery and development. As a result, it has seen increases in many economic indicators in the January-July period, including budget collection of 213.16 trillion VND (9.11 billion USD), fulfilling 68.4% of its yearly target, and equivalent to 116% of the figure recorded in the same period last year. At the same time, the city’s export revenue … [Read more...] about Hanoi maintains attractiveness towards foreign investors

While 2020 was one of the warmest years on record globally, Vietnam has just gone through another historical year of climate extremes. Last November was also decisive for the future of the planet as countries officially submitted their climate pledges at the COP26 climate summit. Dao Xuan Lai, head of Climate Change and the Environment at the United Nations Development Programme (UNDP) in Vietnam We see a skyrocketing demand for natural resources while witnessing the collapse of functioning ecosystems. You only need to drive a couple of hours outside of Hanoi towards Ninh Binh province with its iconic limestone clasts, synonymous with the beauty of northern Vietnam, to see these emblematic features being devoured by machinery to be used for stone mining and cement production. By 2050, global demand for materials such as plastics, steel, or cement is projected to increase by a factor of 2-4. More than 50 per cent of the world’s emissions can be traced back to our … [Read more...] about Partnerships key to green transition

Lach Huyen port in Hai Phong (Photo: VNA) Hanoi (VNA) – The northern port city of Hai Phong will become Vietnam’s centre for marine science and technology development , as set in the Politburo’s Resolution No.45 on building and developing the city by 2030, with a vision to 2045. To achieve this goal, Hai Phong has set out a number of orientations for science and technology development, with focus on the research, transfer and application of technologies relevant to the city's development strategy. Important contributor to city’s economic development Three economic development pillars identified by Hai Phong are high-tech industry, seaports and logistics, and tourism and commerce, which are all based on the strengths of a coastal locality. Recently, in a meeting with leaders of the Ministry of Science and Technology, Chairman of the municipal People's Committee Nguyen Van Tung said that Hai Phong, as a main gateway to the sea of northern localities, is a key … [Read more...] about Hai Phong develops science, technology to serve sea-based economy

Indochina Kajima started construction of its first Core5 Hai Phong project in the Deep C 2 Hai Phong Industrial Zone. — Photo courtesy of the company Indochina Kajima, a joint venture between Indochina Capital and Kajima Corporation (Japan), on Friday started construction of its first Core5 Hai Phong project in Deep C 2 Hai Phong Industrial Zone. The project is expected to deliver approximately 96,000sq.m of world-class ready-built factories and warehouses for lease as it comes into operation in the early second quarter of 2023. Speaking at the ground-breaking ceremony, Keisuke Koshijima, Representative Director and Executive Vice President of Kajima Corporation, said: “Hai Phong has made enormous infrastructure investment, becoming a key link in the global logistics chain with Cat Bi International Airport, Lach Huyen International Deepwater Port and direct accessibility to Ha Noi via the Hai Phong Highway, in the process of attracting the presence of many large scale … [Read more...] about Core5 Vietnam starts first industrial project in Hai Phog

The event was held on the 1 st anniversary of SBT going live and operating the core digital system Oracle Cloud ERP from July 1, 2021. SBT also went live and put into operation two more important systems, including the Planning Budgeting Cloud Service in May and Intelligent Reporting - Oracle Analytics Cloud in August. The celebration event was attended by senior leaders of SBT, MsM, KPMG, and Oracle, along with leaders of domestic companies, enterprises, units, and members of the project Transform SBT. This was an opportunity for all parties to gather, reflect on the past journey, and honour the dedication and initial success of the digital transformation project in its first year – the Alpha year. Senior leaders of SBT, KPMG, Oracle, and MsM at the event In her leading role, vice chairwoman of the Board of Directors of SBT Dang Huynh Uc My has always been consistent with the strategy of turning SBT into the region’s leading high-tech solution provider of … [Read more...] about Transform SBT building comprehensive foundation for digital ecosystem

At present, leaders of Vietnam Posts and Telecommunications Group (VNPT), the top provider of telecommunications services and digital solutions in Vietnam, are attempting to shelter from the storm of semiconductor chip shortfall and the ongoing negative pandemic impacts. MobiFone knows that just sticking to traditional business strategies will not cut it going forward, Le Toan General director Huynh Quang Liem explained that while COVID-19’s direct impact on the group’s performance has not been as serious as in 2021, many of its business activities still face difficulties that will possibly affect the company’s revenue and profit targets for 2022 as a whole. Together with interruptions in the global supply chains, shortages of semiconductor chips, and a rise in input material prices, service fees have fallen, which are also affecting business results for VNPT. The group reported that its consolidated profit rose 17 per cent on-year in the first six months of 2022, … [Read more...] about Vietnamese telecoms giants grappling with chip shortfall

Worries about the side effects of COVID-19 vaccines and the quality of children’s jabs with extended expiration dates have made parents in Ho Chi Minh City hesitant to have their children vaccinated against the coronavirus, according to a recent survey. The municipal Center for Disease Control (HCDC) on Thursday announced the results of a rapid survey of 2,792 parents on vaccinations for children aged five to under 18 years old who are attending schools in 22 districts of the city. Of these parents, 76 percent have kids aged five to under 12, and the rest have children from 12 to less than 18 years old. Out of the more than 2,100 children aged five to below 12 involved in the survey, 34 percent had yet to be immunized, 33 percent had received their first vaccine shots, and the other 33 percent had gotten their third jabs. In the 12-18 age group, 15 children had yet to be inoculated while the numbers of those with the first, second, and third vaccine doses were 29, 326, and … [Read more...] about Children’s COVID-19 vaccines with extended shelf life worry parents in Ho Chi Minh City

There have not yet been many mega deals involving Japanese investors on a par with pre-pandemic levels. What factors are currently affecting Japanese M&A trends in Vietnam? Masataka “Sam” Yoshida, head of the Cross-border Division of RECOF Corporation and CEO of RECOF Vietnam Co., Ltd. First of all, deals as large as VPBank’s sale of its stake in FE Credit to Japan’s Sumitomo Mitsui Financial Group do not occur frequently. In fact, the M&A story in Southeast Asia is largely written by mid-cap companies rather than the large ones, as the region is home to a significant number of companies with enterprise values between $50 million and $500 million. The same is true in Vietnam, where middle market M&A has been a major driver of deal activity. Many smaller Vietnamese enterprises have proven resilient and successful in the face of recent global crises, and they have become desirable acquisition targets. As borders reopened, we got off to a solid start this … [Read more...] about Assessing Japanese M&A deals in a turbulent period

Associate Professor, Doctor Dao Xuan Co, Director of Bach Mai Hospital, said one of the reasons for this is the COVID-19 pandemic, affecting the drug supply of enterprises. Many businesses do not have drugs and medical supplies to participate in the bidding or witness poor revenue due to low prices, he reported to the Ministry of Health's inspection team on August 16. In 2022, there were 77 out of 1,690 drugs that contractors failed to supply in sufficient quantities under the orders, affecting the hospital's stock of drugs while waiting for the bidding results, Co said. The hospital also recommended the Government and the Ministry of Health issue policies and accelerate the implementation of national and local centralized bidding. Centralized bidding will increase competitiveness with lower prices, reduce manpower, time and costs of organizing the bidding at hospitals as well as better handle problems in the bidding process. On August 16, the inspection team of the Ministry … [Read more...] about Centralized bidding should be implemented to solve drugs and medical supplies shortage