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 25/2
Firm accused of tax evasion, titanium smuggling The General Department of Customs has revealed tax evasion and smuggling of titanium ore by the Binh Thuan Trade and Mineral Investment Joint Stock Company (KSBT). The company's tax evasion and smuggling of thousands of tonnes of titanium ore were uncovered by the Lao Dong (Labour) newspaper after its investigation in July and November last year. During the investigation, some 40 customs clearance documents reportedly showed evidence of tax evasion and illegal exports by this company. To Bai Tich, general director of the KSBT, said all his company contracts were signed via fax. However, 37 out of the 39 contracts to sell titanium ore between 2009 and 2012 did not have the specific account numbers of the buyers. They were mostly Chinese companies. According to the Vietnam Immigration Department of the Ministry of Public Security, many contracts were signed and sealed when the director had gone abroad on business. However, the director … [Read more...] about BUSINESS IN BRIEF 25/2
BUSINESS IN BRIEF 28/12
EC drops anti-subsidy probe into PSF products Following a 12 month enquiry, the European Commission (EC) has recently decided not to impose anti-subsidy duties against Vietnamese imports of polyester staple fibres (PSF), according to the Vietnam Competition Authority (VCA). In particular, the VCA found that Vietnam’s subsidy margin, which is 1.25%, does not exceed the maximum allowed rate of 2% and therefore the subsidy investigation should be ended. Earlier on December 19, 2013, the European Man-made Fibres Association lodged a complaint requesting the EU impose anti-subsidy duties on PSF exports from Vietnam. The examination period was from October 1, 2012 to September 30, 2013. Accordingly, Vietnam’s preferential and incentive policies and programmes were thoroughly reviewed by the EU. The MoIT effectively co-ordinated with relevant agencies and localities to respond fully and accurately to the questionnaire sent by the EU a VCA representative said, adding that … [Read more...] about BUSINESS IN BRIEF 28/12