A new study has uncovered worrying trends on the operation of Vietnamese businesses over the past four years. According to PwC Vietnam’s assessment findings, local companies are lagging behind most regional and global peers. Flat margins and returns on capital employed, and deteriorating working capital performance in the wake of a lengthening cash-to-cash cycle were highlighted in the study. Titled “Cash for growth or growth for cash?”, the assessment features analysis of the past four years of the largest 400 companies by revenue, across 14 sectors listed on both the Ho Chi Minh City Stock Exchange (HSX) and the Hanoi Stock Exchange (HNX). Top companies have been growing in line with economic growth, at 6.1 per cent per annum for the fiscal year between 2013-2017, thanks to a conducive monetary policy and high foreign direct investment flows. However, margin growth has been flat for the same period due to expenses outgrowing revenues. Moreover, there was a … [Read more...] about Work still to do for public companies
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Prime Minister Nguyen Xuan Phuc (standing) speaks at the working session with Ha Tinh provincial Party Committee (Photo: VNA) Ha Tinh (VNA) – Prime Minister Nguyen Xuan Phuc commended the central province of Ha Tinh for its good growth and high disbursement of public investment capital in the first half of the year, telling it to strive for self-financing. Addressing a working session with the Ha Tinh provincial Party Committee on July 21, the PM highlighted that the province has made a strong recovery after the marine environmental incident in 2016 which left serious impacts on the local economy. In the first six months of 2018, the province – which is considered to be the most economically potential in the north central region – recorded high growth of about 33 percent. The industry-construction sector rose by nearly 96 percent, making up over 44 percent of the local economic structure. The total budget collection topped 6 trillion VND (262.1 million … [Read more...] about Ha Tinh province should strive for self-financing: PM
Why is CMC Telecom among Top 25 Managed Service Providers 2018? CMC Telecom Data Center is the first and only Data Center in Vietnam that has a PCI DSS certificate In May 2018, APAC CIO Outlook magazine voted CMC Telecom as one of 25 Top Managed Service Providers in Asia Pacific. CMC Telecom is the only Vietnamese telecommunications company to make the list. The Top 25 Managed Service Providers 2018 is an award selected and assessed by a team of senior executives such as CIO, CEO, CMO and editorial staff of APAC CIO Outlook and designed for enterprises that have high-quality solutions, network managed services and are managed effectively, securely and reliably. CMC Telecom offers diversified integrated telecommunications and information technology services in the form of “one-stop-shop” ICT for enterprises. The competitiveness of CMC Telecom is shown in the advanced international technology application, high quality services and dynamic steps in the development … [Read more...] about Why is CMC Telecom among Top 25 Managed Service Providers 2018?
CMC Telecom Data Centre is the first and only Data Centre in Việt Nam that has PCI DSS certificate. — Photo courtesy of CMC TelecomViet Nam News HÀ NỘI — CMC Telecom was voted one of the top 25 Managed Service Providers in the Asia Pacific by APAC CIO Outlook magazine. It is the only Vietnamese telecommunications company in the list. The Top 25 Managed Service Providers 2018 award is selected and assessed by a team of senior executives such as CIO, CEO, CMO and the editorial staff of APAC CIO Outlook. It is designed for enterprises that have high-quality solutions and network-managed services and are managed in an effective, secure and reliable manner. Some huge names in telecommunications and information technology (IT) in the region, such as Accenture (Republic of Ireland), AhnLab (South Korea), Blaze Clan Technologies (India) and Data Solution Groups (Australia), also figure in the list. CMC Telecom offers diversified integrated telecommunications … [Read more...] about CMC Telecom among top 25 Managed Service Providers
By Reuters  April 16, 2018 | 01:54 pm GMT+7 Japan's Prime Minister Shinzo Abe answers a question during an upper house parliamentary session in Tokyo, Japan March 28, 2018. Photo by Reuters/Issei Kato The official allegedly asked to touch and kiss a reporter in a bar. Japanese Prime Minister Shinzo Abe has decided that a top finance ministry official accused of sexually harassing several female reporters must be fired, the daily Sankei newspaper reported on Monday, without citing a source. The weekly Shincho magazine said in an issue published last Thursday that Administrative Vice Finance Minister Junichi Fukuda went drinking with a female reporter recently at a bar near his house and asked to touch her breasts and kiss her. It quoted Fukuda as denying the allegations. The issue could become another headache for Finance Minister Taro Aso and Abe, whose ratings have been hit by scandals over suspected cronyism and cover-ups. A steady trickle of new … [Read more...] about Japan PM Abe to sack top finance official accused of sexual harassment: paper