Xylem sustainability report

Ilustrative image (Photo: https://www.humanresourcesonline.net/) Kuala Lumpur (VNA) - Malaysia has disbursed 20.92 billion RM (4.72 billion USD) of wage subsidies through its Wage Subsidy Programme (PSU) to 357,895 employers, Finance Minister Zafrul Aziz said in the 105th People’s Financial Report released on August 4. The disbursement has helped retain employment for 2.96 million local workers. According to the minister, under the PSU 1.0, 322,177 employers and 2.64 million workers benefited from it under the PRIHATIN and PENJANA economic stimulus packages with wage subsidy applications approved hitting 12.958 billion RM up till July 15. Under PSU 2.0, a total of 1.408 billion RM had been distributed to 81,164 employers for the benefit of 719,174 workers by July 15. For PSU 3.0 in the same time period, 3.775 billion RM was distributed to 162,317 employers to sustain the salaries of 1.53 million workers. With PSU 4.0, 2.57 billion RM was distributed to 163,942 employers … [Read more...] about Malaysia disburses over 4 billion USD under wage subsidy programme

Businesses at the ceremony held in HCM City. — Photo courtesy of Vietnam Report Top public companies and those in the banking, insurance, and technology sectors in 2022 were announced by the Vietnam Report JSC and VietNamNet newspaper on Wednesday. The Viet Nam Top 50 Public Companies (VIX50) are led by Vinhomes JSC, Hoa Phat Group JSC, Masan Group JSC, Mobile World Investment Corp, Viet Nam International Commercial Joint Stock Bank (VIB), Joint Stock Commercial Bank for Foreign Trade of Viet Nam (Vietcombank), Duc Giang Chemicals Group JSC, Viet Nam Technological and Commercial Joint Stock Bank (Techcombank), Military Commercial Joint Stock Bank (MB), and Asia Commercial Joint Stock Bank (ACB). The rankings were compiled based on Vietnam Report’s independent research and assessment of public companies’ financial strength, media reputation, growth potential, sustainability, governance quality, and stature in their sectors. Meanwhile, the Top 10 Banking Reputation Awards were … [Read more...] about Businesses awarded for top reputations

Illustrative image (Photo: VNA) Hanoi (VNA) - Vietnam will need a skilled workforce to transform itself into an upper-middle-income economy by 2035, the World Bank has suggested in its recently-released report named “Taking Stock: Educate to Grow”. In its bi-annual report, the lender said: “Vietnam needs a workforce with 21st century skills to grow. As the economy moves from being driven by low skill and low wage jobs in manufacturing and services towards a more innovation driven growth model built on higher value-added industries and services, Vietnam ’s workforce will need to attain higher level and more relevant skills.” The Vietnamese Government’s Socio-economic Development Strategy for 2021-2030 says as much, aiming to use scientific, technological, innovative, and digitally transformative knowledge and build quality human resources as key drivers of higher productivity and future economic growth. To achieve these goals, Vietnam needs to reform its education system … [Read more...] about Vietnam needs skilled workforce to become upper-middle-income economy by 2035: WB

Syngenta specialises in providing agro-pharmaceutical products, plant protection solutions and seeds, and is trusted by millions of farmers. — Photo coutersy of Syngenta Syngenta Vietnam, a leading science-based agri-tech company, has just joined HSBC Vietnam's green journey by placing their very first green deposit with the bank. This transaction will enable Syngenta Vietnam’s surplus money to be invested in sustainable and green projects and businesses, in line with the company’s global sustainability development strategy. HSBC’s green deposit programme, the first of its kind in Viet Nam, is a channel to mobilise green funds from the bank’s corporate customers, investing them in environmentally friendly projects and initiatives, while ensuring a stable and predictable return. Green deposits are used for the green financing, which is aligned with the HSBC Green Bond Framework and Green Loan Principles, under eligible green project themes (Renewable Energy, Energy Efficiency, … [Read more...] about Syngenta Vietnam joins HSBC’s green capital mobilisation

Hanoi - The Heads of Civil Service Meeting themed “Modernising civil service towards a cohesive and responsive ASEAN Community” kicked off on August 5 as part of the 21st ASEAN Conference on Civil Service Matters (ACCSM 21). ASEAN heads of civil service meet in Hanoi on August 5 (Photo: VNA) In her opening remarks, Vietnamese Minister of Home Affairs Pham Thi Thanh Tra, who is also Chairwoman of ACCSM 21, emphasised the important contributions of the civil service in the ASEAN community’s adaptation process to new challenges caused by the COVID-19 pandemic over the past two years. Modernising the administrative system has helped both respond to new challenges and better serve people and businesses, contributing to supporting and maintaining stable socio-economic development in the region, she said. She expressed her hope that the important results at the meeting will contribute to shaping a professional, shared and sustainable ASEAN civil service, towards building a … [Read more...] about ASEAN heads of civil service meet in Hanoi

Vo Tri Thanh *Vo Tri Thanh Global central banks are in a dash to raise interest rates to cool rampant inflation and their moves are challenging the State Bank of Viet Nam’s policymaking in a way to support the economic recovery while sustaining macroeconomic sustainability. Last week, the US Federal Reserve (Fed) raised interest rates by another 75 basic points (bps) – the second straight month and its third this year – in an effort to fight inflation which hit a 40-year high of 9.1 per cent in June. That takes the cumulative June-July increase to 150 bps – the steepest since the early 1980s. The European Central Bank on July 21 increased its benchmark interest rate by 0.5 per cent for the first time in 11 years and is signaling further hikes this year after consumer prices in the euro area are expected to rise to 8.9 per cent in July. Data from Reuters showed seven central banks of the Group of Ten delivered 350 basis points of rate hikes last month – nearly half of the … [Read more...] about Stability of Vietnamese dong under pressure of global headwinds