A seminar on connecting supply and demand in training to improve the quality of human resources in the logistics industry In 2014, logistics costs in Vietnam were equivalent to about 21 percent of its gross domestic product (GDP), while in developed countries, this ranged from 9-14 percent. The logistics service industry contributed about three percent to Vietnam’s GDP in 2014. Currently, there are in Vietnam about 3,000 logistics service providers, and most of them are SMEs. The rate of outsourcing in the logistics industry remains low at 35-40 percent. Logistics service costs are still high due to limitations in terms of ICT application, management skills and high quality human resources. Moreover, linkages among logistics service providers, as well as their linkages with cargo owners remain loose. Therefore, the role and position of the logistics service industry is still incommensurate with its potential, as well as with Vietnam’s geopolitical position … [Read more...] about Increasing added value of logistics services
Value
GFS Group Creating Sustainable Value for Community
In 2014, the GFS Group has cooperated with the MTV Pharmacy Company of Hanoi University of Pharmacy, currently known as DK Pharma Joint Stock Company, to develop the pharmaceutical areas and help reduce poverty in the districts 30a of Ha Giang province. With the cooperation of leading experts with the support from the local authorities and people, the GFS has been actively contributing to the community's values, step by step making Ha Giang a national key area on medicinal plants and Vietnam a world herb medical garden. Desires of the mountainous area The project on planting medicinal plants in association with hunger elimination and poverty alleviation which is implemented in 6 districts of the 30a Program including Quan Ba, Yen Minh, Meo Vac, Dong Van, Hoang Su Phi, Xin Man was approved by the Government (Document 2715/VPCP-KGVX dated 04/05/2014 of the Government Office). The Ministry of Agriculture and Rural Development has appraised 12,581 hectares of land, of which 5.180 … [Read more...] about GFS Group Creating Sustainable Value for Community
VRC brings humanitarian value to communities
Delegates join exhibition on VRC outstanding activities. (Photo: VGP)So said Deputy Prime Minister Vu Duc Dam during a meeting held on November 22nd to mark 60th year of the VRC joining of the International Red Cross and Red Crescent Movement (November 4th), and the 71st anniversary of the VRC. He said he hoped the VRC would continue to closely work with the International Red Cross and Red Crescent Societies as well as international humanitarian organizations, for a peaceful world without war and poverty, and for the happiness of everyone. “Over 71 years, the VRC has actively coordinated humanitarian activities, assist more and more poor and vulnerable people in society,” he stressed. According to VRC President Nguyen Thi Xuan Thu, in the 2012-2017 period, the organization carried out diverse humanitarian programs. Notably, hundreds of billions of VND was spent each year giving Tet presents to disadvantaged people; cows worth some VND310 billion were provided for 21,600 … [Read more...] about VRC brings humanitarian value to communities
Bac Ninh ranks second nationwide in export value
With that figure, Bac Ninh contributed 14.9% to the country’s total export value. According to Nghiem Dinh Thuan, head of the provincial Statistics Office, Bac Ninh’s export revenue mainly came from the foreign direct investment (FDI) sector, with the most noteworthy Canon, Microsoft, Foxconn, Samsung Electronics Vietnam and Samsung Display Vietnam. In February 2017, the Prime Minister gave a nod to an expansion project of Samsung Display Vietnam, raising the company’s accumulated investment in Vietnam to US$6.5 billion. Bac Ninh’s export value is expected to hit US$30 billion in 2017. … [Read more...] about Bac Ninh ranks second nationwide in export value
MobiFone announces value of AVG investment
MobiFone’s latest financial report reveals that the official value of its investment in the Audio Visual Global JSC (AVG) was VND8.9 trillion ($400 million) and was the only investment it made in the first half of this year. As at June 30, long-term financial investments, including investments in subsidiaries, associated companies, and other long-term financial investments, soared from VND642 billion ($28.9 million) at the beginning of the year to VND9.45 trillion ($425.2 million). The AVG investment is equal to 55 per cent of the group’s equity capital of $729 million and nearly 40 per cent of total assets of $1.04 billion as at June 30. In addition to AVG, MobiFone also has investments in subsidiaries such as MobiFone Service, MobiFone Plus, and MobiFone Global. MobiFone made the headlines in August when Deputy Prime Minister Truong Hoa Binh officially decided to conduct a comprehensive inspection … [Read more...] about MobiFone announces value of AVG investment