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All state firms should further shift their investment activities towards using green technology with lower carbon emission levels. The Vietnamese Government sets a target of having at least 10 state-owned enterprises (SOEs) with a market capitalization of over US$5 billion and around 25 with around $1 billion in the next five years. Production at Ca Mau Fertilizer Plant. Photo: Hoang Anh The goal was set in a Government resolution No.68 signed by Deputy Prime Minister Le Minh Khai on enhancing efficiency in the management of state resources at SOEs. For the next five years, major state corporations are expected to increase their contribution to the state budget by 5-10% compared to the 2016-2020 period. “All state firms should further shift their investment activities towards projects using green technology with lower carbon emission levels,” it noted. Under the resolution, the Government urged ministries and agencies to continue channeling SOEs’ … [Read more...] about Vietnam targets to have 10 SOEs with over US$5-billion market cap by 2025

Hanoi-headquartered Techcombank recorded another year of stellar financial performance and growth in 2021, while continuing to support its customers, employees and communities in Vietnam, especially those impacted by the Covid-19 pandemic. In 2021, the bank recorded VND37.1 trillion (over $1.6 billion) in its total operating income, up 35.4 percent year-on-year. The bank’s profit before tax (PBT) rose to VND23.2 trillion. The company has achieved double-digit PBT growth for five consecutive years, at a compound average growth rate (CAGR) of 50 percent between 2016 and 2021. The bank’s performance remained resilient despite Covid-19 casting its shadow on the local markets and causing disruption to businesses and people’s lives. Techcombank grew its total assets by 29.4 percent, to VND568.7 trillion, and delivered an "industry-leading" return on its assets of 3.7 percent, according to the bank. It has also been able to maintain an impressive current account and savings account … [Read more...] about Digital, data and human excellence key components in Techcombank’s transformational journey

Prime Ministe Pham Minh Chinh addresses the Centre for Strategic and International Studies ( CSIS ) in Washington D.C. (Photo: VNA) Washington D.C. (VNA) – Prime Ministe Pham Minh Chinh has delivered a speech at the Centre for Strategic and International Studies (CSIS) in Washington D.C. during his ongoing working trip to US. The following is the full text of the speech. “SINCERITY, TRUST AND RESPONSIBILITY FOR A BETTER WORLD” Dear Dr. John Hamre, President and CEO of the Center for Strategic and International Studies, Ladies and gentlemen, I am very happy to visit the Center for Strategic and International Studies for the first time today, though this is far from the first time I hear of the CSIS, a top American think tank in the field of foreign strategies and policies and international issues. Seventy-seven years ago, President Ho Chi Minh, the national hero of Vietnam and great man of culture, prefaced the Declaration of Independence establishing the … [Read more...] about Remarks by PM Pham Minh Chinh at CSIS in Washington D.C

Mark Ratcliff, sustainability specialist at Except Integrated Sustainability Whether we acknowledge it or not, sustainability is and always has been our most important goal. Collectively, we have gotten away with pushing it aside for too long. We can no longer ignore it, but realizing sustainability beyond a marketing slogan is easier said than done. Many countries are falling behind, and without a systemic shift to a more long-term mindset, Vietnam will also flounder and fail to achieve its bold National Green Growth Strategy for 2021-2030. Nevertheless, things are not as gloomy as they seem. Except Integrated Sustainability, a Dutch consultancy and design firm, has initiated ViCo, Vietnam’s first sustainability community for innovation. It aims to bolster worldwide partnerships, enhance learning, and help with new joint business models to support the shift to sustainability and attract more funding. Vietnam is perfectly positioned to prosper and, with the support of ViCo, … [Read more...] about Supporting Vietnam’s strive for sustainability

Public-private partnership (PPP) is a mechanism and common practice to mobilise and encourage investment in areas promoted by governments. The main characteristic of such projects is that both private investors and public authorities share the risks and responsibilities in construction and operation. The public sector typically contributes only a small portion to these projects, with the private sector still in charge of construction and operation. The risks of these projects typically involve the phases of selection, approval, design, construction, financing, operation, and management phases. Over the years, Vietnam issued several decrees before the new Law on Public-Private Partnership Investment was promulgated in 2020 and took effect from January 2021. The law and accompanying decree guiding the implementation of the law have overcome and limited barriers to investment in the form of PPP, creating favourable conditions for such investment. PPP investment in health is one of … [Read more...] about Navigating legal challenges in healthcare partnerships

To receive this award, Takeda Vietnam met all the criteria set by Great Place to Work including effectiveness in building high-performing cultures where employees trust their leaders, are proud of what they do, and enjoy the people they work with. This year, companies committed to keeping its employees’ well-being on par with their growth demonstrated their focus on putting people first and purpose led. These workplaces and its leadership, middle managers and human resources professionals have grappled with the changes of a Covid-19 economy without sacrificing the priority of their workforce culture – one that is open, flexible and trusting. Katharina Geppert, Country Manager of Takeda Vietnam, expressed that she is grateful for and proud of receiving this significant accolade: “This recognition showcases our work culture, our efforts and commitment towards our employees. At Takeda Vietnam, we believe every employee plays an important role in creating a culture of belonging in an … [Read more...] about Takeda Vietnam listed among best workplaces in Vietnam