Household businesses

The Health Ministry and businesses in the liquor industry are at loggerheads over efforts to regulate and reduce alcohol consumption in the country, with the latter seeing no need to further tighten current regulations. Speaking at a seminar held on May 25 last week in Hanoi, Nguyen Van Viet, chairman of Vietnam Beer, Alcohol, and Beverage Association (VBA), said that Vietnam’s alcohol production and consumption rate was “at a moderate level.” The industry has not seen any growth for the past three years, he said. With a per capita annual consumption of 6.6 liters, Vietnam is ranked 94 among 194 countries by the World Health Organization (WHO). Tran Thi Trang, Deputy Head of the Health Ministry’s legal department, countered Viet’s claim, saying the average figure of 6.6 liters included non-drinkers above 15. She noted that alcohol consumption among females and males was at 11 percent and 77 percent respectively, compared the corresponding world figures of … [Read more...] about Spirited argument on liquor consumption between Vietnam’s health ministry, businesses

CSR At HSBC, sustainable business goes hand in hand with sustainable community By Thanh Thom Friday,  Aug 30, 2019,09:14 (GMT+7) At HSBC, sustainable business goes hand in hand with sustainable communityBy Thanh Thom A doctor listens to a kid’s heartbeat in the Outreach Clinic project – PHOTO: HSBC Sustainability is not the trend, that’s the key priority when doing business. At HSBC Vietnam, the goal of sustainability is not merely limited to business, as the bank has made great efforts to contribute to a sustainable community where it operates. “We recognize our wider commitments to the communities in which we operate and understand that economic growth must also be sustainable,” according to HSBC Vietnam, the first foreign bank to incorporate in Vietnam. Inspired by the saying “Give a man a rod, not a fish,” the bank has so far supported environmental conservation activities … [Read more...] about At HSBC, sustainable business goes hand in hand with sustainable community

Thong Nhat Match JSC, one of the oldest companies in Vietnam, announced that they will stop producing matches and matchboxes due to low demands. Thong Nhat matchboxes The decision was announced at a recent irregular meeting of shareholders. After 60 years of operations, the company will stop all match production from 2020 and delist from UPCoM. The financial reserve fund will be used to support the workforce. Matches have lost their market as technology develops. The main materials used to make matchboxes are woods, paper and different chemical substances. The company has to import the chemicals from overseas and has to face difficulties from changing global prices. In 2018, Thong Nhat Match JSC sold 98 million matchboxes, much lower than 180 million boxes from 10 years ago. Last year, they produced 112 tonnes of matches, a decrease of 20% compared to 2017. Their goal by the end of 2019 is to earn VND113bn (USD4.9m) in revenue, much lower than 2018 goals. Despite the company's … [Read more...] about Thong Nhat Match JSC to stop producing matchboxes

The signing ceremony was held in Hanoi under the witness of the Ministry of Education and Training Based on the globally-recognised and award-winning financial literacy programme Cha-Ching Money Smart Kids, the partnership with JA Vietnam is expected to benefit up to 7,336 children from 31 primary schools in Hanoi in the 2019-2020 academic year and will expand nationwide in the coming years. Building on the success of the Cha-Ching, Prudence Foundation has partnered with Junior Achievement Asia-Pacific in 2016 to develop an enhanced Cha-Ching Curriculum that supports teachers in instilling money-smart skills in students’ daily life. Since then, the curriculum has been actively implemented in public primary schools for Grade 4 students by teachers in eight markets: the Philippines, Malaysia, Indonesia, Cambodia, Taiwan, Singapore, Thailand, and Vietnam. Since its launch in 2017, the curriculum has reached more than 380,000 students, with over 8,000 teachers trained to deliver … [Read more...] about Prudential and JA Vietnam implement Cha-Ching Curriculum across Hanoi

CSR Local firms urged to engage more in CSR activities By Staff writers Thursday,  Dec 12, 2019,20:27 (GMT+7) Local firms urged to engage more in CSR activitiesBy Staff writers Panelists are seen at the “Spreading the spirit of CSR among businesses” seminar, held by the Saigon Times Group in HCMC on December 12 – PHOTO: SGT HCMC – Local firms should have a better understanding of corporate social responsibility (CSR) and should become more involved in it, as doing social events not only supports local communities, but also helps them grow more sustainable, according to panelists at the merit ceremony of the Saigon Times CSR 2019 program. The editorial board of the Saigon Times Group held a CSR seminar as part of the “Saigon Times CSR 2019” Merit Ceremony at the Caravelle Hotel in District 1, HCMC, today, December 12. Nguyen Thi Ngoc Dung, chairwoman of Phu Nhuan Jewelry (PNJ), noted … [Read more...] about Local firms urged to engage more in CSR activities