Private equity models

The two cities are boosting cooperation in high-ranking exchange visits, investment, trade, tourism, education, agriculture, and people-to-people links. Chairman of Vietnam’s National Assembly Vuong Dinh Hue highly appreciated the relationship between Hanoi and Vientiane after the two capital cities signed a number of agreements for future partnership. Chairman of Vietnam’s National Assembly Vuong Dinh Hue and Secretary of the Party Committee and Chairman of the People’s Council of Vientiane Anouphap Tounalom in Hanoi on August 10. Photo: Quochoi The Vietnamese top legislator shared his view at the meeting in Hanoi on August 10 with Secretary of the Party Committee and Chairman of the People’s Council of Vientiane Anouphap Tounalom, noting that the cooperation should be a model for other localities of both sides. Hue treasured the cooperative activities including meetings; dialogues; promotion programs for investment, trade, and tourism; cooperation in … [Read more...] about Hanoi, Vientiane cooperation should be model for both sides: Vietnamese top leader

The average issuance interest rate is 8.12 percent a year, up 0.22 percent compared to the average in 2021. The average issuance term is 3.64 years, up 0.13 percent. Regarding the issuance structure, the commercial banks issuing bonds accounted for 33.6 percent of the total issuance volume. Additionally, real estate and construction enterprises issued 33.58 percent and 9.41 percent respectively meanwhile trade and service enterprises reached 4.1 percent and manufacturing enterprises reached 8.7 percent. In respect of the structure of primary investors, commercial banks bought 46.45 percent of the total issuance volume while securities companies bought 22.73 percent and organizations and individuals bought 27.3 percent. By Ha My - Translated by Uyen Phuong … [Read more...] about Value of private bond issuance down 10.9 percent in first seven months

Workers at Ho Guom Garment Company's factory. — Photo courtesy of Ho Guom Garment The National Centre for Socio-Economic Information and Forecast (NCIF) yesterday launched a workshop assessing the Top 500 Vietnamese largest private enterprises (VPE500). Opening the event, Luong Van Khoi, deputy director of the NCIF under the Ministry of Planning and Investment (MPI), said that domestic private enterprises are playing a more and more crucial role in economic growth. In 2019, Viet Nam had 668,503 enterprises, of which 647,632 were private, representing 96.88 per cent of total companies. Private enterprises contributed VND15.127 trillion (US$64.7 billion) or 57 per cent of total net revenue, and hired 9.075 million employees, accounting for 59.9 per cent of the total employees in the country’s enterprise sector. According to a report conducted by the NCIF and Konrad-Adenauer-Stiftung (KAS), the VPE500 outperforms local private enterprises in terms of size and average business … [Read more...] about Nation’s largest firms the driving force for economic growth

This activity not only supports Vung Tau to gear itself toward a green city model, responds to the call for one billion trees to be planted nationwide from 2021 to 2025 by the Prime Minister, but also demonstrates the ESG strategy (Environmental, Social, and Governance) that the company is pursuing, in which Net Zero is one of the major commitments. The plantation of 400 trees includes 100 poinciana trees, 300 yellow-flamboyant trees. Mr. Dhep Vongvanich, Advisor to the President & CEO of SCG, said: “In the Kick-off Conference to develop the Vietnam National Action Plan toward Circular Economy late June 2022, SCG and its subsidiaries had shown our strong commitment to work hand-in-hand with the government and the private sector of Vietnam to tackle the emerging issues of waste management, climate change and so on, toward the Net Zero Goal in 2050. For SCGC and LSP, we have actually started our actions a long time ago, as a joint effort with the local community … [Read more...] about SCG Chemicals and Vung Tau plant 400 trees in the city

The Czech Republic last week joined Germany and Spain in denying new visas related to Vietnam’s new passport, with all three citing a lack of birthplace information. They said the new passport model does not meet the technical standards of International Civil Aviation Organization (ICAO) parameters. Outbound tours to Europe rocked by passport tangle, illustration photo “The Czech Republic agrees with other member states of the EU and will stop recognising the new passports. The decision is effective from this moment,” said a notice posted on the website of the Czech Embassy in Vietnam on August 2. The moves have damaged the plans of some travellers who had already booked tours with specialised travel agents. Nguyen Van Tai, director of Vietsense Travel, told VIR that the company has cancelled the tours of five customers who bought tickets to visit Eastern Europe in September. “The company has been heavily affected, losing hundreds of millions of VND (equivalent to … [Read more...] about Outbound tours to Europe rocked by passport tangle

The eighth edition of the biennial World Cities Summit returned to a fully in-person conference format at the Sands Expo and Convention Centre in Marina Bay Sands after a largely virtual summit last time out. At the event, numerous examples were outlined of global cities responding to urban challenges in terms of how to be more resilient, sustainable, and cohesive. The theme of this year’s summit, “Liveable and Sustainable Cities: Emerging Stronger”, was crafted to reflect the urgent and important imperative that economic growth can no longer be pursued at the expense of climate change and environmental degradation. Maimunah Mohd Sharif, executive director of the UN Human Settlements Programme said at the summit that the world has had enough policies, strategies, and innovations. “What we are lacking are actions and we need to act now. This is the time to support multilateralism,” Sharif said. “The pandemic woke us up to really look at the design and focus on housing, climate … [Read more...] about Building cities fit for human needs