Dai-ichi Life also lined up at the races of Vietnam Kizuna Ekiden 2018 As a part of the activities to mark the 45th anniversary of Vietnamese-Japanese diplomatic ties, on November 18, 2018 the Ministry of Public Security, Ministry of Finance, Tuoi Tre News, and Mainichi News (Japan) entered into a co-operation to organise Vietnam Kizuna Ekiden 2018 – Run for Traffic Safety at Ly Thai To park, Hanoi. Besides sponsoring this intriguing event, 16 talented runners of Dai-ichi Life Vietnam took part in the run and reached Top 10 in Kizuna Group (Japanese companies), with the enthusiastic encouragement of more than 100 staff and financial consultants of the company. Vietnam Kizuna Ekiden 2018 attracted the participation of over 800 runners from Vietnam, Japan, and other countries, creating a lively sport event which celebrates the booming relationship between two countries. Tran Dinh Quan, general director of Dai-ichi Life Vietnam, said, “Each successful milestone of Dai-ichi … [Read more...] about Dai ichi Life becomes gold sponsor of Vietnam Kizuna Ekiden 2018
Asia insurance review awards
Hanwha Life Vietnam: Top 10 sustainable business in Vietnam in 2017
Nguyen Nha Ngoc Tram Anh, Chief Operations Officer of Hanwha Life Vietnam, accepted the Top 10 Corporate Sustainability 2017 award This achievement is a convincing proof for the firm’s efforts for sustainable development in the Vietnam market, not just in terms of business performance, but also the many expedient The sustainable business review and rating in Vietnam is a prestigious annual initiative commissioned by the Vietnam Chamber of Commerce and Industry (VCCI) jointly with the Vietnam Business Council for Sustainable Development (VBCSD) to pay tribute to 100 forefront businesses with an excellent track record for sustainable development. Before being listed, Hanwha Life Vietnam went through serious and demanding assessment based on the corporate sustainability index (CSI), designed as a measure of how a business is valued through three key criteria – economic, social and environment influence. Over the 8-year-plus in active existence in Vietnam, Hanwha Life … [Read more...] about Hanwha Life Vietnam: Top 10 sustainable business in Vietnam in 2017
BUSINESS NEWS IN BRIEF 4/8
PetroVietnam signs deals on Sao Vang-Dai Nguyet gas field exploitation A series of trade agreements on exploiting the Sao Vang-Dai Nguyet gas field was inked between the Vietnam National Oil and Gas Group (PetroVietnam) and its partners in Hanoi on July 31. The agreements included a gas sales and purchase and a gas supply agreement. The stakeholder participation in the Petroleum Sharing Contract includes the operator Idemitsu Kosan Co Ltd with 43.08 percent; Teikoku Oil (Con Son) Co Ltd, 36.92 percent; and PetroVietnam, 20 percent. Speaking at the signing ceremony, PVN General Director Nguyen Vu Truong Son said the signing of trade agreements achieved after over two years of negotiations among sides involved. He said the event is very significant for the gas filed to turn out the first flow of oil and gas in the third quarter of 2020, with an estimated annual output of 1.5 billion cubic metres of gas and of 2.8 million barrels of crude oil and natural-gas condensate. The … [Read more...] about BUSINESS NEWS IN BRIEF 4/8
BUSINESS IN BRIEF 16/6
Vietnam targets US$200 bn garment, textile exports by 2035 With import tax cuts presented by free trade agreements (FTAs) to which, Vietnam is a member, increasing automation in production and quite favourable factors in the world market, the country’s garment and textile exports are forecast to hit US$200 billion by 2035. Vu Duc Giang, president of Vietnam Textile and Apparel Association (VITAS), says the US remains Vietnam’s largest garment importer, trailed by the EU and member countries of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). Giang optimistically told the Japanese and Vietnamese media that the garment sector is likely to earn US$34.5 billion from exports this year. It is expected that after the CPTPP comes into effect in August 2018 and export taxes drop to zero, the country’s garment exports will surge by 3% compared to the estimated figure because Canada, Australia, Mexico, and New Zealand, major importers, currently import about … [Read more...] about BUSINESS IN BRIEF 16/6
BUSINESS IN BRIEF 14/6
Wood furniture firms advised to optimise domestic materials The world’s wooden interior décor market is predicted to grow 3.5 percent in 2018 and continue expanding, bringing chances for Vietnamese businesses to raise exports of the products. If Vietnamese businesses optimise the material sources they have and make the best use of trade promotion activities, their export earnings can surpass 8 billion USD. According to Huynh Van Hanh, Vice President of the Handicraft and Wood Industry Association of Ho Chi Minh City, in the past 15 years, the wood industry has maintained the growth rate of 8-15 percent a year despite world economic fluctuation. The biggest issue of the wood processing enterprises in Vietnam is they are focusing on a market section with low added value, mostly concentrating on outsourcing for foreign clients. To further develop the domestic wood sector, the businesses should pay attention to a higher target of selling abroad the whole space of high-end … [Read more...] about BUSINESS IN BRIEF 14/6