Its loss was the third largest among seven loss making state-owned companies based in the city. The operator also has VND18 billion ($775,200) in debts, mostly salaries. Its 270 employees have agreed to a 30 percent salary cut this month. … [Read more...] about Saigon zoo operator posts $800,000 loss
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Many companies largely rely on joint ventures
An automobile assembly line at Ford Vietnam Co's factory in northern Hai Duong Province. Ford Vietnam is a joint venture between Ford Motor Group based in Michigan, US (75 per cent) and Song Cong Diesel Company (25 per cent), a subsidiary of the Viet Nam Engine and Agricultural Machinery Corporation (VEAM). — VNA/VNS Photo Tran Viet … [Read more...] about Many companies largely rely on joint ventures
Eaton announces new distributor partnership with Elite JSC, bolstering its presence in Vietnam
“Given the economy’s current trajectory, reliable electricity supply will be increasingly crucial for businesses, particularly in the power, energy and IT industries, as they seek to ensure business continuity and sustain growth. Our partnership with Elite JSC will enable us to help customers address these growing needs, ultimately improving people’s lives and the environment, by providing efficient, reliable and safe power management solutions,” he added. … [Read more...] about Eaton announces new distributor partnership with Elite JSC, bolstering its presence in Vietnam
