After three consecutive successful editions, the 4th Vietnam Corporate Sustainability Forum (VCSF 2017) is scheduled to take place on October 10 in Hanoi. Under the theme “Scaling-up business solutions to sustainability challenges”, VCSF 2017 will discuss ways to create an enabling environment for the thriving of innovative business solutions that are not only commercially viable, but also effectively address environmental and social issues. VCSF 2017 will be an effective interactive platform for participants to update and exchange sustainable business practices, models and ideas, thus exploring untapped investment opportunities. The forum will also facilitate the dialogue to enhance governmental supports for business sustainable development, said Mr Nguyen Quang Vinh, Deputy Secretary General of the Vietnam Chamber of Commerce and Industry (VCCI) and Vice Chairman of the … [Read more...] about VCSF 2017 Scaling up Sustainable Business Models
Partnership business model
Sustainable living a business model to success
Sustainable living a business model to success Reported by Dinh Dung While many companies have spent a lot of money to polish their brands, Unilever Vietnam sets its sustainable living plan as a way of business development, considering it an effective model to sustain business growth in the marketplace. The Saigon Times talked to JV Raman, Unilever Vietnam chairman, about the company’s strategy in securing steady growth on the occasion of the New Year of 2013. Excerpts: Q.: Active in Vietnam since 1995, Unilever has long been recognized as a leading FMCG business in the country. Can you share with us on the performance of Unilever Vietnam in 2012? A.: Unilever is very proud to have become one of the leading foreign investors in the country. With total direct investment of over US$300 million, and through an extensive local network of local partners, suppliers, distributors and retailers, Unilever Vietnam directly employs more than 1,500 people and creates over 10,000 indirect … [Read more...] about Sustainable living a business model to success
Public-private partnership: effective model to attract capital
Hanoi Times - The Ministry of Planning and Investment (MPI) is actively coordinating with relevant agencies in building a mechanism for public-private partnership (PPP), an effective model to develop infrastructure in the context that the Government is cutting investment to curb inflation. With ground, tax and capital incentives, the MPI hopes the model will fully tap the private sector’s construction capability and financial potential. The model, though widely applied to large-scaled projects worldwide, is implemented only under a number of build-operate-transfer(BOT) projects in Vietnam where most feasible infrastructure projects are funded by the State and executed by State-owned businesses. So far, the model has been applied to only 18 BOT contracts with 15 percent of capital invested in infrastructure. According to Kamran Khan, senior infrastructure finance specialist of the World Bank, Vietnam will face great challenges due to its heavy dependency on ODA, … [Read more...] about Public-private partnership: effective model to attract capital
BUSINESS IN BRIEF 3/12
Banking sector tops list of 1000 biggest tax payers Vietnam report 2013 reveals the banking and telecoms sectors remain the greatest tax contributors in this year's list of 1,000 largest corporate income tax payers in Vietnam (V1000), making up 23.4% and 16.7% respectively of all tax. Total taxes contributed by V1000 reached VND77,000 billion this year, 42% higher than last year’s level. The PetroVietnam Exploration Production Company (PVEP) takes the lead among the highest tax payers, closely followed by Viettel, Mobifone, PetroVietnam Gas Joint Stock Corporation (PV Gas) and the Vietnam National Oil and Gas Group (PetroVietnam). The Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) is ranked sixth, followed by commercial banks such as Vietnam Bank for Agriculture and Rural Development (Agribank), JSC Bank for Foreign Trade of VIetna (Vietcombank), and the Bank for Investment and Development of Vietnam (BIDV). The findings illustrate substantial … [Read more...] about BUSINESS IN BRIEF 3/12
BUSINESS IN BRIEF 1/12
Overseas remittances to hit US$12 billion in 2014 Banks predict that remittances from overseas Vietnamese will reach US$12 - 13 billion this year. Over the past three years, the country has seen a sharp increase in remittances, from US$9 billion in 2011 to US$11 billion in 2013. Head of the Ho Chi Minh City branch, State Bank of Vietnam, Nguyen Hoang Minh said Vietnam would remain in the list of the world’s top 10 remittance recipients with US$12.1 billion, up about 10% compared to a year earlier. Similarly, the Bank for Investment and Development (BIDV)’s also forecast a 10% increase in overseas remittance to US$12 billion by the end of this year. Meanwhile, General Director of the Vietnam Joint Stock Commercial Bank for Industry and Trade (VietinBank) Le Duc Tho expected the figure to hit US$13 billion in 2014. The rising remittances, together with strong inflows of direct foreign investment (FDI) and official development assistance (ODA) will make Vietnam’s … [Read more...] about BUSINESS IN BRIEF 1/12