True to course

Mr John Howell, Chief Executive Officer of Prudential Vietnam Assurance PLC, spoke with VET as it celebrates 10 years in Vietnam. Over the last decade Prudential has received over 15 recognitions and awards. Among these is a Golden Dragon Award for last six years in succession. 2008 was a difficult year for all sectors due to the global financial crisis. How do you view its effect on Vietnam's insurance sector and on Prudential Vietnam Assurance? There is no question that we are now operating in a tougher and more complex economic environment. Last year Vietnam's economy experienced high inflation, while the end of the year saw a global economic decline with the collapse or near-collapse of some world renowned financial institutions. Despite the challenges, Prudential Vietnam has managed to stay true to our course and continue to build its fantastic organisation. Our product and distribution strategies, underpinned by our capable and experienced employees and agents and … [Read more...]

Bucking the trend

Unlike many, insurers in Vietnam remain optimistic about the continued growth of their local market despite the events of here and elsewhere. Local people may feel reluctant to use life insurance as a saving or investment vehicle. When insurance giant American International Group Inc. (AIG) imploded last autumn, many of its policyholders and the media in Vietnam wondered to what extent its business in Vietnam was going to be affected. But the General Directors of AIG Life and AIG non-life in Vietnam confirmed they were doing well, given they were established as stand alone companies and were not directly affected by what may be happening to their parents company.According to Mr Jamie Rains, General Director of AIG Life Vietnam, the company far exceeds the regulatory requirement, with solvency at 267 per cent of that required. More than 80 per cent of the company's investment portfolio is in government bonds, with the remainder in corporate bonds, term deposits and policies. AIG … [Read more...]

SPS VIETNAM: Top enterprise in 2014

By Quang Tuan Philipp Angst (1st, R), CEO of SPS Vietnam, receives "The Top Enterprises of the Year 2014" award from Quang Trung Software City In 2014, SPS Vietnam managed positive results in revenue with an increase of 50%. During a period of more than 10 years, SPS Vietnam has provided such services as Data Entry and Document Processing, Image Processing, Press Clipping, Software Development and IT Operational Services, which are certified by ISO/IEC 27001:2013 and ISO 9001:2008. Successful projects all over the world in more than 30 languages enabled the company’s further growth. SPS Vietnam’s 1,200-plus employees work 24 hours a day, seven days a week all year round. CSR: An integral part of success At SPS Vietnam, corporate social responsibility (CSR) is an essential part of its business. That is why the company has organized numerous social activities. Opening language training courses for employees and their children and conducting charity events are some … [Read more...]

Raising Business Productivity with Focus on Training

Human resources are a key factor for the development of enterprises. Enterprises usually spare no effort to invest in the recruitment and training of manpower; however, sometimes results coming out are not as expected. Businesses are still face trouble finding suitable personnel, and the leadership has headaches with the questions: Why haven’t I received expected results even though having organised training and education? How can our staff have higher qualifications than other companies’ but not be as efficient? This is the main topic discussed at the Corporate Social Responsibility Forum themed "How to organise internal training to increase business productivity?" held on April 7 in Hanoi. This was one of the main events within the framework of the project "Improve Corporate Social Responsibility (CSR) and Sustainable Consumption and Production in Vietnam", an initiative of the Office for Business Sustainable Development (SDforB) under the Vietnam Chamber of Commerce and … [Read more...]

Vietnam to host ASEAN ICT competition

Vietnam’s central Da Nang City will host the ASEAN ICT Awards' ceremony in November as part of the Meeting of the ASEAN Telecommunications and IT Ministers (TELMIN). The rules and guidelines for the ASEAN ICT Awards 2015 Vietnam have recently been announced by the Ministry of Information and Communications. Vietnam is hosting the event for the first time. The awards will officially be launched in the ASEAN region on April 15. Enterprises are required to submit their products in their respective countries before July 15. Each member country will be allowed to nominate a maximum of three products in each of six categories: public sector, private sector, corporate social responsibility, digital content, start-ups, and research and development.-VNA … [Read more...]

2015 ASEAN ICT Awards launched

Photo for illustration. Source: sieuthimasomavach.vn PANO - The Ministry of Information and Communications announced the 2015 ASEAN Information and Communications Technology (ICT) Awards at a press conference in Hanoi on April 9th. The awards would be given to projects of the public sector, the private sector, corporate social responsibility, digital content, start-ups, and research and development. Companies should submit products, registered for the awards, in their respective countries before July 15th. Each ASEAN member country is allowed to nominate only three products in each category. After the qualification and final rounds, the awarding ceremony will be organized in Da Nang city this November. This is an annual award, initiated by ASEAN Information and Communications Ministers at the ASEAN Telecommunications and Information Technology Ministers Meeting (TELMIN) in 2011 in order to honor creative and high quality products. Also at the press conference, Deputy Minister of … [Read more...]

Ministry announces rules for ASEAN ICT Awards 2015

The Ministry of Information and Communications announced the rules and guidelines for the ASEAN ICT Awards 2015 on April 9. The Ministry of Information and Communications announced rules and guidelines for the ASEAN ICT Awards 2015 on April 9 in Ha Noi. The awards ceremony for the ASEAN ICT Awards will be held in Da Nang City in November. It will be part of the Meeting of the ASEAN Telecommunications and IT Ministers (TELMIN), for which Viet Nam is playing host for the first time. The awards will be officially launched in the ASEAN region on April 15. Enterprises are required to submit the products competing at the event in their respective countries before July 15. Each member country will be allowed to nominate a maximum of three products in each category. Awards will be handed out in six categories: the public sector, the private sector, corporate social responsibility, digital content, start-ups, and research and development. Organisations and enterprises must send information … [Read more...]

The ASEAN ICT Awards 2015 launched

(VOVworld) - The Ministry of Information and Communications has announced the rules and guidelines for the ASEAN ICT Awards 2015. The awards ceremony for the ASEAN ICT Awards will be held in Da Nang City this November. Enterprises are required to submit the products competing at the event in their respective countries before July 15. Each member country will be allowed to nominate a maximum of three products in each category. Deputy Minister of Information and Communications Nguyen Thanh Hung (centre) granted the Ministerial Certificate of Merit to winning companies in previous AICTA. (photo: baomoi.com) Awards will be handed out in six categories: the public sector, the private sector, corporate social responsibility, digital content, start-ups, and research and development. Organisations and enterprises must send information about the products and five or seven-minute video clips introducing them in English. The products must assure the audience of their intellectual … [Read more...]

Health care urged for female workers

Huynh Cao Hai, deputy head of the Dong Nai Province's Health Department, said he plans to encourage all factories in the province to offer reproductive healthcare services for female workers, especially those with a large number of female workers. "This is very vital to ensure their health," he said. Speaking at a workshop held on March 27 on empowering female migrant workers, Hai said a project initiated in 2013 by the NGO, Marie Stopes International Vietnam, had benefited women working in five footwear factories in the province. The main objective of the three-year project was to "advance the social and economic empowerment of female migrant workers" through gender-sensitive initiatives in Binh Duong and Dong Nai provinces, where many factories are located. The pilot programme also emphasises corporate social responsibility of Vietnamese factories. The women have been offered check-ups, healthcare for pregnant women, information about reproductive system diseases and … [Read more...]

Healthcare urged for female workers

Huynh Cao Hai, deputy head of the Dong Nai Province's Health Department, said he planned to encourage all factories in the province to offer reproductive healthcare services for female workers, especially those with a large number of female workers. "This is very vital to ensure their health," he said. Speaking at a workshop held yesterday on empowering female migrant workers, Hai said a project initiated in 2013 by the NGO, Marie Stopes International Viet Nam, had benefited women working in five footwear factories in the province. The main objective of the three-year project to "advance the social and economic empowerment of female migrant workers" through gender-sensitive initiatives in Binh Duong and Dong Nai provinces, where many factories are located. The pilot programme also emphasises corporate social responsibility of Vietnamese factories. The women have been offered check-ups, healthcare for pregnant women, information about reproductive system diseases and … [Read more...]

Competitiveness Improvement: “Fulcrum” and “Lever” Needed

It is important to use both the "fulcrum" and "lever" from businesses and the Government to enhance the national competitiveness, said Mr Nguyen Quang Vinh, Director of the Office for Business Sustainable Development (SD4B), after the Government issued Resolution No. 19 on primary tasks and solutions for continued business environment improvement and national competitiveness enhancement in 2015-2016. Duy Anh reports. Mr Vinh said that the Government's commitments to streamlining administrative procedures, reducing customs clearance procedures for exports and imports, cutting down the time of tax payment, access to electricity, and other works can be seen as a "lever" effort to better the business environment. But the decisive factor of competitiveness improvement is the internal "fulcrums" that lie within enterprises, like strategy planning, governance capacity, productivity improvement, branding, scientific and technological application, and corporate social responsibility (CSR) … [Read more...]

Vietnam firms reap success through branding

(VOV) - The Ministry of Planning and Investment (MPI) recently unveiled that as of December 31, 2014 it had approved 930 outward foreign direct investment (FDI) projects registered at VND14.85 billion. In calendar year 2014 alone, the MPI reported it approved domestic businesses request for 90 new and supplementary outward investment projects calling for total investment of US$4.93 billion. According to the report, Vietnamese businesses chiefly focused on investment projects in telecommunication sector followed by the agro-forestry-fishery sectors. It also reported that many Vietnamese businesses are achieving a high level of success competing in overseas markets. Vinamilk – Vietnam’s largest milk producer – is one of the success stories. With an aggressive overseas marketing campaign aimed at developing its brand, the company reportedly is on target to realising US$3 billion in overseas revenue by 2017. One of its more high profile projects is a US$3 billion … [Read more...]

VN becomes part of Asia Property Awards

The Hanoitimes - The Asia Property Awards will include Viet Nam from this year, helping showcase the country's best properties on the regional stage. Started in Thailand in 2006 by Ensign Media, the publisher of Property Report magazine, the awards honoured developments, consultants, architects and designers in Singapore, Malaysia, the Philippines, and China until last year, and has been expanded this year to include Myanmar and Indonesia besides Viet Nam. The 2015 Viet Nam Property Awards were open to nominations from the real estate industry and general public, Terry Blackburn, CEO of Ensign Media, said. Entries would close on March 27 and the final winners would be honoured at a gala dinner in HCM City on June 25, he said. Ensign Media, the publisher of Property Report magazine and organiser of the Asia Property Awards, officially launched the Viet Nam Property Awards 2015 in HCM City on March 18. In all 32 awards will be given away to the most exceptional projects, … [Read more...]

Social News 20/3

Google gets its translate on in Vietnam After a successful 18 March launch in HCMC of the new Google Translate Community, the U.S. Embassy’s American Center in Hanoi, in cooperation with Google, will host "Love Your Language" translate-a-thon on March 21. At this event, Google invites Vietnamese to participate in this collaborative effort to improve the Vietnamese language on the web and help make useful information more accessible to users in Vietnam, and abroad. While Google Translate has been available in Vietnamese for some time, there is a lot that Vietnamese speakers can do to help improve the quality of Vietnamese translations online. Two go missing after boat capsizes in reservoir Two persons were missing after a boat capsized in a reservoir in the northern mountainous province of Ha Giang on Monday, authorities said. The two missing persons were identified as a couple from Xuan Hoa Village in Quang Binh District's Tien Nguyen Commune. The couple was travelling in … [Read more...]

Vietnam included in Asia Property Awards

The Asia Property Awards will include Vietnam from this year, helping showcase the country's best properties on the regional stage. Started in Thailand in 2006 by Ensign Media, the publisher of Property Report magazine, the awards honoured developments, consultants, architects and designers in Singapore, Malaysia, the Philippines, and China until last year, and has been expanded this year to include Myanmar and Indonesia besides Vietnam. The 2015 Vietnam Property Awards were open to nominations from the real estate industry and general public, Terry Blackburn, CEO of Ensign Media, said. Entries would close on March 27 and the final winners would be honoured at a gala dinner in HCM City on June 25, he said. In all 32 awards will be given away to the most exceptional projects, designers and developers covering residential, commercial, office, hospitality, villa, and green development. Special recognition will also be given to the company exhibiting excellence in corporate social … [Read more...]

Sai Gon Cyclo Challenge – Race for Charity to be held on Sunday

The 15th Sai Gon Cyclo Challenge will be held on next Sunday (March 22) at Celadon City in Tan Phu District to raise funds to help disadvantaged children get a fair start in life. The 15th Sai Gon Cyclo Challenge will be held on next Sunday (March 22) at Celadon City in Tan Phu District. The organiser Sai Gon Childrens Charity (SCC) said since its inception in 2001 the Cyclo Challenge has raised nearly $700,000 to support disadvantaged children and young adults in Vietnam, with over 21,000 participants from different companies taking part. Tim Mullett, chairman of the organising committee and director of SCC, said: "It is very exciting to be celebrating the 15th anniversary of the community event, which is now older than many of the kids who we support." The Sai Gon Cyclo Challenge continues to represent an excellent opportunity for companies to build team spirit and motivation, entertain clients and staff, and demonstrate their commitment to corporate social … [Read more...]

27-7 Co., Ltd: Withstanding Difficulties

By overcoming difficulties caused by economic downturn, promoting stable production and business activities, and ensuring stable jobs and incomes for employees, 27-7 Co., Ltd based in Son Duong district has managed to uphold stable development and increase its contributions to local socioeconomic development. In May 2001, Bui Duc Chinh and five returned wounded warriors contributed nearly VND10 billion to set up 27-7 Co., Ltd and he was elected the Director. The company is engaged in extracting and processing barite, lead and zinc ores, exploiting stone, sand, gravel, clay, kaolin and feldspar, and building irrigation and traffic works. During 14 years of construction and development, the company’s employees always unite to overcome difficulties and challenges of market mechanism and acquire new technologies to turn out quality products for customers. The company has taken part in many big projects, including the embankment of the Pho Day River (Son Duong Town section), the … [Read more...]

Businesses Proactive in Integration and Economic Restructuring

1. Integration and economic restructuring Vietnam had formal diplomatic relations with 175 countries and trade relations with 200 countries and territories in the world as of 2014. The country has established strategic partnerships with 13 countries, field-based strategic partnerships with two countries, and comprehensive strategic partnerships with 11 countries. Currently, Vietnam has signed over 90 bilateral trade agreements, nearly 60 agreements on investment encouragement and protection and 54 double-tax avoidance agreements with partners worldwide. A series of other agreements are expected to take effect or to be concluded in 2015, including the formation of the ASEAN Economic Community (AEC), the Regional Comprehensive Economic Partnership (RCEP) between 10-member ASEAN with six partners, FTA with the European Union (EU) and the Trans-Pacific Partnership (TPP) Agreement. Besides, tariffs are being further slashed as committed to the World Trade Organisation (WTO). With the … [Read more...]

Consumers urged to unite for their rights

Consumers should come together to find effective solutions for ensuring the protection of their rights as 90 per cent of consumers are ignorant about the organisations that protect their benefits. Ha Noi Market Watch inspects bread sold at Fivimart supermarket in Hai Ba Trung District. Most consumers are ignorant about the organisations that protect their rights, a survey revealed (Photo: VNA/VNS) This was revealed by a recent online survey of more than 1,200 customers, conducted by the Institute for Studies of Society, Economy and Environment (ISEE). The survey further revealed at a conference on "Vietnamese consumers' rights: Issues and Solutions" held in Ha Noi yesterday that most people pay attention to basic information, such as production date, price, trade mark and origin. In addition, customers often chose to buy a product, based on available information on social networks or experiences of their relatives or friends, but do not care about corporate social … [Read more...]