Environmental, social, and governance (ESG) reporting is becoming more and more mainstream for companies, and investors expect transparent information about ESG issues. However, there is often a gap between what companies disclose and what investors really want to know. By Hoang Hung Partner, Vietnam Markets leader, PwC Vietnam In today’s economy, financial metrics reflect only part of a company’s true value. Intangible assets such as talent, customer reach, and brand are increasingly important factors to consider when deciding to invest in or acquire a business. More stakeholders are starting to include ESG factors when they assess a company’s strategy, risk profile, and ultimately, its plan for creating long-term value. ESG factors can also help stakeholders evaluate a company’s brand risks, appeal to customers, and ability to attract talent. Investors realise that ESG factors are important but there is currently a disconnect between what they want … [Read more...] about Improving disclosure quality
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HCMC to see soaring office demand in next four years As Southeast Asian economies expand, office demand, particularly from technology, e-commerce, and co-working space companies, is expected to rise by an estimated 6 per cent annually between 2018 and 2021, with Ho Chi Minh City seeing a rate of 10 per cent in the period, according to JLL Vietnam. As at the end of the second quarter of 2018, total stock in Ho Chi Minh City’s office market increased to 1,945,000 sq m, with overall Grade A and B occupancy rates standing at a high of above 95 per cent. The overall rental rate is expected to continue its upwards trend with support from healthy demand and increased quality in future supply. A large volume of high-quality Grade B supply is also projected to be completed by 2020 and will likely put pressure on Grade A in the future, especially long-standing Grade A projects with deteriorating construction quality. In Hanoi, demand for Grade A and B office space in 2018-2019 … [Read more...] about BUSINESS NEWS IN BRIEF 28/9
Sushant Palakurthi Rao - head of Global Partnerships at Agility that has offices in over 100 countries, including ASEAN - attended the recent 27th World Economic Forum on ASEAN (WEF ASEAN) in Hanoi. He granted an interview to the press on FDI-related issues. Following is the full text of the interview. Vietnam has become an increasingly attractive destination for foreign investors. Photo: vtv.vn Reporter: Over the last 30 years, Vietnam has actively improved its business environment in order to attract more foreign investment. How do you assess the results achieved from this? Sushant: We heard at the WEF ASEAN conference from Vietnamese Prime Minister Nguyen Xuan Phuc and other leaders as how FDI is growing in the country. From the mere USD 10 billion in 1988 when Vietnam first started absorbing FDI, the country’s total export revenue is now expected to hit USD 225 billion in 2018. FDI firms have made up 20 percent of the total State budget collection, … [Read more...] about Vietnam becomes increasingly more attractive to foreign investors
Sushant Palakurthi Rao – head of Global Partnerships at Agility (Photo: VNA) Hanoi (VNA) – Vietnam has become an increasingly attractive destination for foreign investors. The international manufacturing sector is moving to Vietnam and more FDI is flowing into the country, showing growing confidence among investors in the market, according to a representative from Agility – a leading global logistics group. Sushant Palakurthi Rao – head of Global Partnerships at Agility that has offices in over 100 countries, including ASEAN – attended the recent 27th World Economic Forum on ASEAN (WEF ASEAN) in Hanoi. He granted an interview to the Vietnam News Agency on FDI-related issues. Following is the full text of the interview. Reporter: Over the last 30 years, Vietnam has actively improved its business environment in order to attract more foreign investment. How do you assess the results achieved from this? Sushant: We heard at the WEF on ASEAN conference from … [Read more...] about Vietnam becomes increasingly attractive to foreign investors
Richard R. C. Shih speaking at Taiwan Excellence 2018 In the 4.0 era, how important are smart technology applications in our day-to-day lives? Are these applications suitable for use in Vietnam? We have various emerging technologies that impact our lives in different ways today. Take smart technology for example, it makes use of artificial intelligence (AI) to enable a level of cognitive awareness. The technology employs machine learning and Big Data analysis to perform functions that have traditionally been done by humans. This boosts the efficiency, productivity, and functionality of almost anything it is applied to, hence creating a smarter and more comfortable life for us. Vietnam is both qualified and motivated to take the lead in the Fourth Industrial Revolution. Smart applications can be applied in various fields in Vietnam, ranging from manufacturing and healthcare to education or home appliances. It also attracts great attention from users in Vietnam. In Vietnam, real … [Read more...] about How does technology make lives faster and easier?