Best business class to asia

Over the past two years, with the spirit of accompanying enterprises, the entire political system has taken drastic actions to support the development of the private economic sector. Many new mechanisms and policies have been promulgated and solutions undertaken, all towards bettering the business environment and timely tackling difficulties and obstacles for the development of the private economic sector in accordance with the Party’s guideline and policies. … [Read more...] about BUSINESS NEWS HEADLINES JAN. 21

According to Quang, there are two technologies most commonly used at thermopower plants now, namely PC (Pulverized coal) and CFB (Circulating Fluidizing Bed). The ash and slag from the plants using the former technology can be used as additives in making building materials. … [Read more...] about Making building materials: best solution to power plants’ ash & slag

Hanoi (VNA) – The European Parliament Committee on International Trade (INTA) on January 21 approved a resolution asking for the European Parliament (EP)’s ratification of the European Union – Vietnam Free Trade Agreement (EVFTA) and the EU – Vietnam Investment Protection Agreement (EVIPA). Approval votes for the two agreements are the highest compared to the voting of several recent FTAs between EU and partners, proving EU parliamentarians and member states’ appreciation for Vietnam’s role and position in the world, as well as the comprehensive cooperative partnership between Vietnam and the EU. According to several studies, the EVFTA and EVIPA are expected to help Vietnam’s gross domestic product (GDP) grow by 4.6 percent and exports to the EU up 42.7 percent by 2025. The European Commission estimated that the EU’s GDP will increase by 29.5 billion USD and exports to Vietnam pick up 29 percent by 2035. Via the deals, Vietnam … [Read more...] about Resolution seeking EP’s ratification of EVFTA, EVIPA approved

Over the next two decades, Vietnam will be in a demographic golden age. Employment in manufacturing and services has increased. A quarter of the population is aged between 10 and 24; the median age is around 30. The Millennial population will be the main drivers for affordable housing in the next few years, especially projects that are within proximity to industrial zones and are connected to major traffic points. … [Read more...] about Foreign investors ready to invest big in Vietnam housing

Hanoi (VNA) - The Vietnam Technological and Commercial Joint Stock Bank (Techcombank) earned pre-tax profit of over 12.83 trillion VND (554.7 million USD) and revenue of 21.1 trillion VND (910.38 million USD), marking increases of 31.5 percent and 24.7 percent year on year, respectively. In its latest report, Techcombank said net interest income reached 14.3 trillion VND, up 25.2 percent year on year. Meanwhile, non-interest income rose by 23.4 percent to 6.8 trillion VND, accounting for 32.3 percent of total revenues. The report showed that the provision expenses decreased by 50.3 percent supported by healthy asset quality and prudent risk management. Cost-to-income ratio of 34.7 percent was within the bank’s initial target. Return on assets of 2.9 percent was the best in the market and is consistent with Techcombank’s low risk, high return strategy. Total assets increased 19.5 percent compared with the same period last year, reaching 383.7 trillion VND (16.6 … [Read more...] about Techcombank reports pre-tax profit of over 554 million USD