Tax increase value

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

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

Recognition to sustainable development mission Unilever Vietnam believes that sustainability drives the superior performance. Therefore, since the first days in Vietnam from 1995 until now, the company has constantly integrated sustainable development into all business strategies and activities through protecting the environment, improving people’s health and living conditions. This makes Unilever Vietnam become one of the businesses recognized at the “Corporate Sustainability Awards” by Nhip Cau Dau Tu Magazine. The awards aim to honor businesses who proactively implement sustainable development strategies, commit to green growth and deliver corporate social responsibilities to the community. Unilever Vietnam receives the Corporate Sustainability Awards Unilever Vietnam pioneers in several environmental initiatives to tackle plastic waste and climate change issues. Unilever, cooperating with the Ministry of Natural Resources and Environment, has built and led … [Read more...] about Unilever Vietnam receives two prestige awards

Vinamilk brand in top of most valuable global brands According to the annual report of the ‘Food and beverage’ industry of Brand Finance 2022, the Vinamilk brand has been valued at $2.8 billion, an impressive increase of 18 percent compared to 2021, and ranked in many major rankings in brand value. For this year's report, the UK’s Brand Finance has assessed more than 5,000 brands in 29 industries in 39 countries. With an integrated measurement method from many factors and indicators such as brand impact, brand health, and reputation, brand investment, combined with financial and market survey, the annual 'Food and beverage' report published by Brand Finance has helped provide brand health assessments transparently and fairly. In the field of ‘Food and beverage’, this year Vinamilk continues to “set a new record” when increasing its brand value by 18 percent, reaching US$2.8 billion, rising to the position of a potential brand. in the global dairy industry. This is also a … [Read more...] about Vinamilk brand in top of most valuable global brands

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

It is the fourth year in a row that Unilever Vietnam has received HR Asia Awards Focusing on people development With a survey on 46,270 employees from 622 businesses in Vietnam, the award is a meaningful gift for the relentless efforts of all Unilever employees over the past year. Moreover, the award reasserts Unilever's leading position in attracting and developing talent while building an agile, dynamic, friendly, and professional working environment. Unilever takes pride in maintaining its employee engagement metrics even during the difficult time of the pandemic. Trinh Mai Phuong, head of Human Resources at Unilever Vietnam said, “We have committed to developing a generation of young Vietnamese leaders with a vision towards sustainable, future-fit development. Going through a difficult time due to the pandemic, we have realised that people are the most valuable asset of the business. Therefore, we will always focus on personal development with equity and agility, … [Read more...] about Unilever among Best Companies to Work for in Asia

Thac Ba hydroelectric power plant in Yen Binh District, Yen Bai Province. — Photo genco3.com Thac Ba Hydropower JSC (HoSE: TBC) has closed the list to pay a cash dividend for the second period in 2021. The company said that August 30 is the deadline for the list of shareholders receiving the second dividend of 2021 in cash at the rate of 15 per cent, meaning that a shareholder owning one share will get VND1,500. With the number of outstanding shares of 63.5 million units, Thac Ba is expected to pay more than VND95 billion to shareholders, the expected payment date is September 23. Previously, the company paid the first dividend in cash at the rate of 10 per cent. With this payment, it completes the cash dividend to shareholders in 2021, with a total rate of 25 per cent. Therefore, the company has maintained the highest dividend payment since listing on the stock exchange. The company also paid a 25 per cent cash dividend for 2020 and 2017. Thac Ba Hydropower is the … [Read more...] about Thac Ba Hydropower continues to pay highest dividend

Sport shoes are made for export a factory in Ha Noi. The city will help local businesses join sector linkages, create value chains and supply chains with the participation of UK businesses to take advantage of the UKVFTA. — VNA/VNS Photo Vu Sinh The capital city will seek to improve competitiveness for local businesses so that they may take advantage of opportunities brought by the UK-Viet Nam Free Trade Agreement (UKVFTA), according to a recently announced plan of the municipal People's Committee. Under the plan, priority will be given to facilitating the development of small and medium-sized enterprises through capital, training, access to markets and information and technology. The city will also help local businesses link with each other, create value chains and supply chains with the participation of UK businesses to take advantage of the UKVFTA while encouraging the UK-invested businesses to team up with local firms to build and develop these supply chains. Furthermore, … [Read more...] about Ha Noi seeks to facilitate UKVFTA implementation

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