Besides distributing business news effectively on a reliable platform, Business Wire will also help businesses save investment costs in building media relations and instead concentrate financial resources into other business activities. — VNS Photo Business Wire, a virtual communications assistant, has made its debut in Viet Nam after conquering many global markets. Business Wire is a service that converts enterprise information into news and press releases for media, event coordinators, shareholders and investors. It connects the businesses subscribing to its service with a massive media network of nearly 600 journalists and 200 newspapers. Registered businesses need to log in, upload their press release, select suitable press subdivisions and send. Their information will be automatically sent to reporters they had earlier selected. The registered businesses will also have their private Enterprise News Room on the website, https://businesswire.com.vn/. With official … [Read more...] about Business Wire debuts in Viet Nam
Business news
US State Department concerned by Malaysia’s ‘fake news’ bill
The U.S. State Department expressed concern on Tuesday at the Malaysian parliament’s approval of a bill that would allow prison terms of up to six years for spreading “fake news” - an expression frequently used by U.S. President Donald Trump. Malaysian Prime Minister Najib Razak’s government secured a simple majority in parliament on Monday to pass the bill, which sets out fines of up to 500,000 ringgit ($123,000) and a maximum six years in jail. The United States is concerned about the bill’s “potential impact on freedom of expression in Malaysia, as well as its global reach, which could impact U.S. citizens and companies,” a State Department spokesperson said in a statement. The statement said the measure had moved “rapidly through Parliament without meaningful public consultation and debate,” and urged the Malaysian government to consult with the business community and civil society before taking further action on the bill. In … [Read more...] about US State Department concerned by Malaysia’s ‘fake news’ bill
Social News 4/4 (Hourly Updated)
New hospital building delayed due to slow compensation for residents A design of the new facility for HCM City Hospital for Traumatology and Orthopaedics. Source http://www.medinet.hochiminhcity.gov.vn Slow compensation for residents affected by the construction project has delayed construction on a new facility for HCM City Hospital for Traumatology and Orthopaedics for six years. The project to build the new facility was approved by the Prime Minister in 2010. In 2011, investors designed to build a 5,000-square metre facility, which was later expanded to more than 7,000 square metres. HCM City People’s Committee has instructed the authorities of Bình Chánh District, where the new facility will be located, and investors to speed up the construction many times, but the project still has not yet been started. In 2016, for instance, the committee required that the project begin in December of that year and would be expected to be completed this year. According to the … [Read more...] about Social News 4/4 (Hourly Updated)
PetroVietnam beats Q1 business targets
Viet Nam News HÀ NỘI – Việt Nam National Oil and Gas Group (PetroVietnam) reported better-than-expected business results in the first quarter but is expecting more challenges towards the end of the year. The group earned VNĐ136.3 trillion (roughly US$6 billion) in revenue in the last three months, a rise of 12 per cent over the target set for the first quarter and up 15 per cent year on year. Its contribution to the State budget reached VNĐ23.8 trillion, surpassing the target by 30 per cent, and up 12 per cent over the same period last year. Oil and gas production exceeded the plan by 4.5 per cent, totalling 6.34 million tonnes of oil equivalent. The production of electricity, fertilisers and petroleum also beat expectations by 5 per cent to 9 per cent. The group’s power companies supplied 5.72 billion kWh to the national power grid in the first quarter, up 8.1 per cent over the plan. The fertiliser production output was 431,200 tonnes, up … [Read more...] about PetroVietnam beats Q1 business targets
More universities hire leaders with business backgrounds
VietNamNet Bridge - A junior college in Vietnam, after experiencing tough years because of low enrollment, is now thriving after hiring the sales manager of a phone distribution chain as the head of its enrollment division. A debate on the rise of university leaders with ‘non-traditional backgrounds’ began following an article in a local newspaper citing a report that more than half of colleges in the US now have leaders who are not from academia, but are former businesspeople or officials. In most universities in Vietnam, leaders are those who were either prestigious lecturers with high academic titles in the past or high ranking state officials. However, more and more high-ranking university leaders have come from business. Nguyen Thanh Nam, for example, who was CEO of the FPT Group, one of 13 founding members of the largest information technology corporation, is now holding the post of vice rector of FPT University, and founder & rector of Funix … [Read more...] about More universities hire leaders with business backgrounds