Samsung concludes third training course for Vietnamese consultants Samsung Vietnam and the Ministry of Industry and Trade (MoIT) rounded off its third training course for Vietnamese consultants in the supporting industry with a ceremony in Ho Chi Minh City on October 19. Speaking at the ceremony, Truong Thanh Hoai, Director of the MoIT’s Heavy Industries Department, pointed out some of the industry’s weak points in terms of competitiveness and spare parts materials, attributing them to the limited management and investment capacity of local companies. He said the Government and other relevant ministries have issued many policies to support the growth of the sector, adding that Samsung’s courses are an important part of such efforts. Eight courses of this kind are scheduled to take place in 2018 and 2019, each lasting for three months, aiming to train 200 consultants in total. They are part of a memorandum of understanding (MoU) between the MoIT and Samsung … [Read more...] about BUSINESS NEWS IN BRIEF 21/10
Board meetings best practice
NA Standing Committee convenes 23rd session The National Assembly Standing Committee convened its 23rd session in Hanoi on April 10, led by NA Chairwoman Nguyen Thi Kim Ngan. During the nine-day session, the legislators have spent the majority of their time mulling over an array of laws and adjustments to the draft revised Law on Anti-corruption and continued to give their opinions on the contentious contents of the draft Law on Special Administrative-Economic Units. The lawmakers have also discussed the preparations for the fifth meeting of the NA, the supervision programmes of the NA and its Standing Committee and the law and ordinance building programme in 2019, as well as revising the Government’s report on thrift practice and wastefulness in 2017. Vietnam steps up regulations on digital currency Prime Minister Nguyen Xuan Phuc has signed a directive calling for stronger measures to rein in Bitcoin and other digital currencies as it is feared that they could destabilise the … [Read more...] about April 9-15: Non Nuoc Cao Bang named second UNESCO-recognised Global Geopark in Vietnam
“Both results management and independent evaluation are indispensable to the efficient and effective functioning of our organizations,” said ADB President Mr. Takehiko Nakao during the joint meeting of the Multilateral Development Bank Working Group on Managing for Development Results (MDB WG on MfDR) and the Evaluation Cooperation Group (ECG).“At ADB, interaction between our Independent Evaluation Department (IED) and the rest of the bank, dialogue between the leadership of IED and the Board and Management of ADB, and coordination between results management and independent evaluation, while preserving the independence of IED, is a central institutional principle that I promote,” he added.ADB President Takehiko Nakao (front, 7th from left) with participants of the Joint Meeting of the Multilateral Development Bank Working Group on Managing for Development Results and Evaluation Cooperation Group held at ADB HQ on May 30th 2018. (Source: ADB)Both the MDB WG … [Read more...] about IFIs reaffirm commitment to coordinate results management
THE GOVERNMENT SOCIALIST REPUBLIC OF VIET NAMIndependence - Freedom - Happiness No. 23/NQ-CP Ha Noi, April 08, 2018 RESOLUTION THE GOVERNMENT’S REGULAR MEETING – MARCH 2018 THE GOVERNMENT Pursuant to the Law on Organization of the Government dated June 19, 2015; Pursuant to the Government’s Decree No. 138/2016/ND-CP dated October 01, 2016 promulgating the working regulation of the Government; Based on the discussion of the Cabinet members and the conclusion of the Prime Minister at the Government’s regular meeting in March 2018, held on April 02, 2018 DECIDES 1. On the socio-economic situation in March and the first quarter of 2018, the implementation of Resolution No. 01/NQ-CP on major tasks and solutions to guiding the implementation of the socio-economic development plan and State budget plan in 2018. The Government unanimously agreed: The socio-economic situation in March and the first quarter of 2018 continued to maintain positive … [Read more...] about The Government’s regular meeting in March 2018
Companies in Vietnam have experienced fierce competition over the last few years, both qualitative and quantitative. Many have been forced to close down while others are still in business but struggling to move forward. The question is how to make a brand not only sustainable but also grow in value in the context of fierce global competition and rapid digitalization. There are many approaches to answering this question. Here I note the three key driving forces for brands: digital transformation, globalization, and brand leadership. In my observation, these forces help grow a company’s brand value if implemented successfully. Customer-centric digital transformation Unlike in the past, customers now have many brand choices for a particular product in Vietnam. Let’s take bakery goods for example. Customers would have previously mentioned Kinh Do in the south or Hai Ha in the north, but today they may name a long list of bakery brands: Top Cake, Tous Les Jours, ABC, … [Read more...] about How best to maintain brand value?