Assoc Prof and PhD Đinh Trọng Thịnh. The corporate bond market is expected to become a major source of capital for businesses in the long term, alleviating the pressure on the banking system in supplying capital to the economy. However, recent scandals involving bonds issued by property developers as well as uneven quality of corporate bonds have weakened investor confidence in the market. Assoc Prof and PhD Đinh Trọng Thịnh, a senior economist from the Academy of Finance, spoke to Vietnam News Agency Television about the loopholes in this market and solutions to make the market healthier and grow well. How do you evaluate the current state of the corporate bond market after a number of controversies related to corporate bonds? After some scandals involving corporate bond issuance, the corporate bond market has slowed down. Previously, the market grew about 46 per cent on average in the 2017-21 period and in 2021, the growth rate was 56 per cent. It still kept growing … [Read more...] about Fixing loopholes to improve health of the corporate bond market
Airports corporation of vietnam
US and Vietnam partner to advance higher education and workforce development
US International Development Finance Corporation (DFC) and Fulbright University Vietnam (FUV) recently signed a financing agreement for $37 million in DFC financing for FUV’s new campus in Ho Chi Minh City. Prime Minister of Vietnam Pham Minh Chinh witnessed the signing ceremony on May 12 on the margins of the US-ASEAN Special Summit, a testament to the ongoing partnership between the United States Government, the Government of Vietnam, and the private sector to advance economic growth and opportunity in Vietnam. With support from the United States and Vietnamese governments, this project seeks to close the gap between the demand for skilled employees in Vietnam’s workforce and educational opportunities in the country, which currently falls short of what Vietnam and the region need for further development. Through its new campus, FUV plans to support Vietnam and the region in addressing complex and cross-cutting challenges including climate change, defensive … [Read more...] about US and Vietnam partner to advance higher education and workforce development
Intel Capital invests in Vietnam for first time
Intel Capital, the investment arm of the world’s largest chipmaker, has announced it is pouring US$17 million into companies in Vietnam and Singapore, marking its first-ever investment in this country. The money will be split in undisclosed amounts between Vietnam Communications Corporation and Singapore’s Reebonz.com, Intel said during the World Economic Forum in Bangkok on May 31. The company called Southeast Asia one of the world’s fastest-growing markets for advanced technology, driven by robust economic growth and a rising middle class. “As a result, we’re seeing strong demand for e-commerce and cloud-based services across the region, and these investments will help to accelerate that trend,” said Gregory Bryant, vice president and general manager of Intel Asia-Pacific. Its Hanoi-based partner, an internet infrastructure and services company, declined to give a dollar figure for the investment. But, “It’s not a small sum,” the corporation’s deputy general director … [Read more...] about Intel Capital invests in Vietnam for first time
Vietnam flag flies on Mount Everest
PANO – With great effort, three Vietnamese on the morning of May 22 left behind hardship to conquer the world’s highest mountain, Mount Everest, and plant the Vietnamese red flag with the yellow star. The first to reach the peak of Mouth Everest was climber Bui Van Ngoi, at 6am (Nepalese time) or 7.30am (Vietnam time). Climbers Phan Thanh Nhien and Nguyen Mau Linh climbed to the peak at 8.00 am (Nepalese time) or 9.30am (Vietnam time). The fourth climber, Le Ba Cong, failed to conquer Mount Everest due to his health. At 15.00 on the same day, the group safely returned to camp station 4 (height of 8,016m). As planned, the group returned to camp station 2 on May 23, Everest Base Camp, the following day. Tan Son Nhat Airport on June 6 will welcome the Everest climbers. Since May 29, 1953 when Edmund Hillary and Tenzing Norgay became the first Everest conquerors, there have been more than 2,300 people over the world to register their names on the list of the … [Read more...] about Vietnam flag flies on Mount Everest
PepsiCo Foundation funds expansion of She Feeds the World programme
The MoU was signed between the Partnership for Sustainable Agriculture in Vietnam, the National Agriculture Extension, and CARE, paving the way forward for the rollout of the Farming for Change – She Feeds the World project in Vietnam (SFtW Vietnam). The project aims to ensure small-scale farmers in Vietnam’s Central Highlands, particularly women and ethnic minorities, have more secure and resilient livelihoods for food, nutrition, and water security. The Central Highlands in Vietnam are a major agricultural hub, producing key food crops. However, the agricultural system in the region faces serious environmental, economic, and societal issues, including unsustainable agricultural practices and weak market linkage. The overuse of pesticides, fertilisers, and water resources are lowering the productivity of the land which is further exacerbated when farmers sell their products to local collectors who have limited bargaining power, earning them lower incomes. This particularly … [Read more...] about PepsiCo Foundation funds expansion of She Feeds the World programme
AI tech solutions helping to fast-track recruitment in HR
AI tech solutions helping to fast-track recruitment in HR-illustration photo, source:freepik L’Oreal is one of the world’s largest cosmetics and beauty corporations with more than 80,000 team members globally. The French corporation gets about five million applications for roughly 15,000 new positions each year. The vast number of applications took up a great deal of L’Oreal’s money and time for the personnel selection process. Things got easier when the corporation adopted a modest approach by applying AI to the recruitment process in an intern programme. A representative of L’Oreal said that 12,000 applicants with 80 spots were quickly processed by AI, saving 200 recruiting hours compared to the previous full human-powered review process. Meanwhile, Unilever, one of the world’s leading multinational companies specialising in food, home, and personal care products, also said that around 70,000 person-hours of interviewing and assessing candidates had been cut, thanks to the … [Read more...] about AI tech solutions helping to fast-track recruitment in HR