Value global

Minister of Planning and Investment Nguyen Chi Dung (Photo: VNA)   Hanoi (VNS/VNA) - Minister of Planning and Investment Nguyen Chi Dung talks to the Vietnam News Agency on the Government’s resolve to help private enterprises become a mainstay in the national economy. A: What has the Ministry of Planning and Investment advised the Government regarding the private sector? Q: The 5th Resolution of the 12th Party Central Committee considers the private sector an important driving force in the national economy. More recently, the Government has listed the task as an important motivation for the nation to advance in 2019. To achieve this goal, the Ministry of Planning and Investment has advised the Government to issue Resolution 02 on the improvement of the investment environment and slash many more business conditions. We hope Resolution 02 will be strictly implemented by all ministries, sectors and localities. We should also raise our awareness on the role of the private … [Read more...] about Minister: Private economy a driving force in Vietnam

Thong Nhat Match JSC, one of the oldest companies in Vietnam, announced that they will stop producing matches and matchboxes due to low demands. Thong Nhat matchboxes The decision was announced at a recent irregular meeting of shareholders. After 60 years of operations, the company will stop all match production from 2020 and delist from UPCoM. The financial reserve fund will be used to support the workforce. Matches have lost their market as technology develops. The main materials used to make matchboxes are woods, paper and different chemical substances. The company has to import the chemicals from overseas and has to face difficulties from changing global prices. In 2018, Thong Nhat Match JSC sold 98 million matchboxes, much lower than 180 million boxes from 10 years ago. Last year, they produced 112 tonnes of matches, a decrease of 20% compared to 2017. Their goal by the end of 2019 is to earn VND113bn (USD4.9m) in revenue, much lower than 2018 goals. Despite the company's … [Read more...] about Thong Nhat Match JSC to stop producing matchboxes

The agro-forestry-aquatic sector boasts great potential to attract more investment, while also contributing to the country’s export turnover (Photo: Le Toan) Over the past few months, TH Group has spent millions of US dollars on beefing up production of fresh milk products. Not only being locally consumed, these products are also exported to China, where TH has become the first Vietnamese enterprise to be allowed by China’s authorised agencies to export fresh milk products into this gigantic market with a population of 1.4 billion people. Under a protocol signed in April between Vietnam’s Ministry of Agriculture and Rural Development (MARD) and China’s General Administration of Customs on veterinary and health requirements for dairy products to be exported, TH Group has met all strict requirements and conditions set by China. Also, in April, TH Group inked an MoU for a strategic partnership on market development and consumption of foodstuffs, farm produce, … [Read more...] about Agriculture driving economic growth

SHENZHEN, CHINA - Media OutReach - 12 December 2019 - Cushman & Wakefield (NYSE: CWK), a leading global real estate services firm, announced the formation of a new asset services company with Vanke Service today. The new company will jointly develop certain commercial real estate property and facilities management operation services across Greater China further enhancing the two companies by creating greater value and service delivery for clients across the region.  Vanke Service is a core subsidiary of China Vanke, a leading best-in-class Chinese real estate development company. Vanke Service is a top Chinese real estate service provider for over 2209 residential and 635 commercial projects by the end of 2018. Cushman & Wakefield is a leading global real estate services firm with 51,000 employees in 400 offices and 70 countries. Cushman & Wakefield has 22 offices across Greater China providing integrated real estate services to the local market.This new … [Read more...] about Cushman & Wakefield Announces Strategic Partnership with Vanke Service to Create New Asset Services Company in Greater China

The signing ceremony was held in Hanoi under the witness of the Ministry of Education and Training Based on the globally-recognised and award-winning financial literacy programme Cha-Ching Money Smart Kids, the partnership with JA Vietnam is expected to benefit up to 7,336 children from 31 primary schools in Hanoi in the 2019-2020 academic year and will expand nationwide in the coming years. Building on the success of the Cha-Ching, Prudence Foundation has partnered with Junior Achievement Asia-Pacific in 2016 to develop an enhanced Cha-Ching Curriculum that supports teachers in instilling money-smart skills in students’ daily life. Since then, the curriculum has been actively implemented in public primary schools for Grade 4 students by teachers in eight markets: the Philippines, Malaysia, Indonesia, Cambodia, Taiwan, Singapore, Thailand, and Vietnam. Since its launch in 2017, the curriculum has reached more than 380,000 students, with over 8,000 teachers trained to deliver … [Read more...] about Prudential and JA Vietnam implement Cha-Ching Curriculum across Hanoi