Businesses

People queue to buy food as takeaway orders, as tables and chairs are cordoned off to prevent people from dining at a hawker food centre in Singapore on May 16. (Photo: AFP/VNA) Singapore (VNA) – Singapore’s Minister for Trade and Industry Gan Kim Yong has called on businesses to help eligible employees get vaccinated, integrate the use of antigen rapid tests into work processes, and continue flexible work arrangements. Speaking at the parliament on July 26, Gan said these moves were necessary as Singapore transits towards living with the COVID-19 pandemic. He said that safe management measures will be eased, including restrictions on social gatherings and certain events will see higher capacity limits, The Straits Times newspaper reported. businesses that provide in-person services such as gyms and beauty services will see a return in demand, he said. To prepare for this eventuality, Gan said, businesses can encourage and facilitate all medically eligible … [Read more...] about Singapore calls on businesses to “live with COVID-19”

2030 Business Club gives 26 tons of veggies to disadvantaged workers By Phu Duc The 2030 Business Club delivers 26 tons of vegetables and fruits to workers in areas under lockdown in HCMC on July 26 - PHOTO: 2030 BUSINESSPEOPLE CLUB HCMC - The 2030 Business Club, a member of the Saigon Times Club, gave 26 tons of vegetables and fruits to workers in areas under lockdown or quarantine in HCMC on July 26 as the Covid-19 pandemic has made life hard for them. The vegetables were donated by people and enterprises from across the country such as farmers from the Ka Do and P’Ro’h communes of Don Duong District, Lam Dong Province, D'Furni Company; students from the HCMC College of Economics; and friends of the 2030 Business Club in Binh Thuan Province. Volunteers, who are farmers from Don Duong District, collected the vegetables and fruits from July 23-25 and then sent them to HCMC for the 2030 Business Club. The event is part of the first phase of the “2030 Business Club … [Read more...] about 2030 Business Club gives 26 tons of veggies to disadvantaged workers

As exports formed a key component of local economic development, maintaining production chains was crucial for Vietnam. Vietnam's exports reached US$158.34 billion in the first six months of 2021, an increase of $35.57 billion, or 29 per cent over the same period in 2020. — VNA/VNS Photo In the first six months of the year, exports increased by 29 per cent and orders were rising thanks to the recoveries of the US and China markets, as well as tax incentives from the EU due to the EVFTA agreement, said Nguyen Xuan Thanh, manager of the Fulbright Economics Teaching Programme. Thanh took part in an online conference hosted by e-newspaper cafef.vn yesterday with other experts to discuss solutions for the economy in the ongoing fourth wave of the pandemic. “The remarkable increase is due to the demand for Vietnam's exports from major markets,” he said. Thanh said Vietnam was benefitting thanks to the continuing punitive tariffs on China from the Biden administration, … [Read more...] about Maintaining production chains crucial for Vietnam

CMC announced business results in the financial year 2020, appointed a CEO and set out goals and challenges to be realized by big moves in the 2021-2025 strategy at its Annual General Meeting of Shareholders on July 21. Positioned as a global digital company According to the report at the 2020 General Meeting of Shareholders, CMC’s total revenue in 2020 reached VND5,666 billion, up 5% year on year; its consolidated pre-tax profit hit VND241 billion, up 16% year on year. CMC selected McKinsey to implement a consulting project on development strategy, digital transformation, restructuring to develop strongly and consolidate capacity. The company is also positioned as a leading consultant and implementer of digital transformation solutions for enterprises and organizations. One of the significantly successful projects of CMC is the consulting project on digital transformation for Hoa Phat Group. The project lasts for 6 months, with the goals to build a comprehensive digital … [Read more...] about CMC aims for quadruple growth by 2025

Accelerating digital transformation and improving technology infrastructure capacity are key to MB Group’s strategic goals for the new period. The Military Commercial Joint Stock Bank (MB) held an online analyst meeting on June 22, with the participation of 300 guests, including representatives of 90 investment funds and 30 securities firms, both foreign and domestic. The meeting discussed MB Group’s achievements in the first half of 2021 and its important strategic goals in the coming period. Although the developments of the COVID-19 pandemic were unpredictable, MB Group remained resilient with stable operations and positive business results. By the end of the Q2/2021, MB achieved a total consolidated asset of more than VND523 trillion, increasing by 5.65% compared to the end of 2020. The total operating income in the first half of the year was nearly VND18.2 trillion, increasing by 40% year on year. Total consolidated pre-tax profit in H1/2021 reached nearly VND8 … [Read more...] about MB Group likely to reach US$5 billion in revenue by 2026

Workers at Ha Tay Chemical Weave Co.Ltd in Hanoi (Illustrative photo: VNA) Hanoi (VNA) - Vietnam's footwear exports brought home 11.27 billion USD from the start of the year to July 15, a year-on-year surge of 28.36 percent, according to the General Department of Vietnam Customs . It was amongst key products of Vietnam posting the strongest growth in the period. The US was the largest market of Vietnam’s footwear, with export turnover reaching 4.14 billion USD by the end of June. Other major markets included the EU, China, Japan and Canada. Besides footwear, four other export items raked in at least 10 billion USD in the reviewed period. Mobile phones and components took the lead with 26.66 billion USD, followed by computers, electronic products and components with 25.42 billion USD. Export revenues of machines and devices hit 18.4 billion USD while garment-textile products secured 16.97 billion USD. Since the start of 2021, Vietnam has earned 171.22 billion USD … [Read more...] about Vietnam’s footwear exports rake in 11.27 billion USD