On October 18, TEKCOM Corporation introduced its new chief executive officer, Nguyen Van Vu. Along with this announcement, the corporation launched a new identity, leveraging a new set of vision and core values together with the visual aspects of branding – a compass for the development of TEKCOM in the near future. Blue representing sustainability and yellow representing innovation Via this renovation, the coporate aims to reinforce TEKCOM leading position and enhance its worldwide reach in the industry. The new identity’s design was inspired by wood panels piling up and shaped into a cubical letter “T” standing diagonally, symbolising the ambitious vision of being a sustainable market leader in woods and associated products. Moreover, the colour elements of TEKCOM blue – representing sustainability – and TEKCOM yellow – representing innovation – other than creating a modernistic and unique impression, also convey the … [Read more...] about TEKCOM Corporation welcomes new leader together with new corporate identity
Corporate
Citi Launches Commercial Cards in Vietnam, offering Greater Efficiency, Control and Transparency for Corporates
Citi announces the launch of Commercial Cards in Vietnam, offering a comprehensive suite of innovative payment solutions for corporate clients. Citi Launches Commercial Cards in Vietnam, offering Greater Efficiency, Control and Transparency for Corporates These include Business-to-Business (B2B) solutions such as purchasing cards and our market-first Virtual Card Account (VCA) for Payables, as well as Travel solutions such as corporate cards for travel and entertainment purposes, a central travel account with a travel management company and the Virtual Card Account for Travel. These solutions are testimony to Citi’s commitment to providing greater efficiency, control and transparency to help corporate clients more effectively manage their payment and expense management processes in a seamless, streamlined and accountable manner. Commenting on the launch, Citi Country Officer for Vietnam Natasha Ansell said, “We are delighted to add on to our comprehensive … [Read more...] about Citi Launches Commercial Cards in Vietnam, offering Greater Efficiency, Control and Transparency for Corporates
Corporate earnings could boost market morale
As worries grow about additional US rate hikes, investors may now turn to the earnings season in which they hope to find something extraordinary to drive overall sentiment up.– VNA/VNS Photo As worries grow about additional US rate hikes, investors may now turn to the earnings season in which they hope to find something extraordinary to drive overall sentiment up. On Friday, some Fed officials revealed the bank’s plan to raise interest rates two or three more times by June 2019 so lending costs would touch the neutral territory, allowing the Fed to stay out of the way the economy runs. That, in the short run, would calm investors as they are now aware of the Fed’s plan, but in the long run it may result in an outflow of foreign capital from emerging markets, including Viet Nam. Worries over the US central bank’s rate hike scenario were among the key factors that dampened local market sentiment last week. The benchmark VN-Index on the Ho Chi Minh Stock Exchange … [Read more...] about Corporate earnings could boost market morale
Lower corporate income tax on SMEs proposed
The National Financial Supervisory Committee has proposed cuts to corporate income tax for small-and-medium sized enterprises to promote their development. (Source: VNA) Hanoi (VNS/VNA) - Corporate income tax levied on small and medium–sized enterprises (SMEs) should be reduced to promote the business development, a solution together with broadening tax base to increase budget revenue from business and production. This was a highlighted in the January-September fiscal and budget report by the National Financial Supervisory Committee (NFSC) published last week which said that the tax cut would help restructure budget revenue in a sustainable direction. The NFSC said that Vietnam ran the lowest budget deficit in three years as of September 30 at 26.7 trillion VND (1.16 billion USD), compared to 61.5 trillion VND (2.63 billion USD) during the same period in 2017 and 152.2 billion VND (6.51 billion USD) in 2016. However, budget collection lacked sustainability, the NFSC … [Read more...] about Lower corporate income tax on SMEs proposed
NFSC proposes lowering corporate income tax on SMEs
Corporate income tax levied on small and medium – sized enterprises (SMEs) should be reduced to promote the business development, a solution together with broadening tax base to increase budget revenue from business and production. This was a highlighted in the January – September fiscal and budget report by the National Financial Supervisory Committee (NFSC) published last week which said that the tax cut would help restructure budget revenue in a sustainable direction. The NFSC said that Viet Nam ran the lowest budget deficit in three years as of September 30 at VND26.7 trillion (US$1.16 billion), compared to VND61.5 trillion during the same period in 2017 and VND152.2 billion in 2016. However, budget collection lacked sustainability, the NFSC said. The committee pointed out in the report that budget collection was still largely dependent on unsustainable sources such as crude oil. In the short term, budget collection from crude oil was affected by fluctuations of global … [Read more...] about NFSC proposes lowering corporate income tax on SMEs