The Hanoitimes - The combined state capital of 19 state-owned enterprises (SOEs) to be put under the committee`s management reached VND991 trillion (US$42.47 billion) and state assets worth VND2,300 trillion (US$98.57 billion) as of December 31, 2017. After months of preparation, Vietnam's Committee for State Capital Management, dubbed as the super committee is scheduled to be operational in September after a long period of preparation, Nhan Dan newspaper, the mouthpiece of the Communist Party of Vietnam, reported. Illustrative photo. On January 15, Prime Minister Nguyen Xuan Phuc issued Decision No.66 setting up the working group tasked with establishing the State Capital Management Committee. Deputy Prime Minister Vuong Dinh Hue was appointed as head of the working group and Nguyen Hoang Anh, the would-be chairman of the committee, as standing deputy head. Other deputy heads include Minister Mai Tien Dung, head of the Government Office; Nguyen Chi Dung, … [Read more...] about Vietnam’a super committee set to be operational in September
Operational key performance indicators
The list of ’Viet Nam’s 50 best-performing companies in 2016’ (Top 50) was revealed at a ceremony last week. — Photo nhipcaudautu.vn The list of ’Viet Nam’s 50 best-performing companies in 2016’ (Top 50) was revealed at a ceremony last week. The ranking process seeks to evaluate and rank companies with remarkable achievements in the field of business and reflect their abilities in the management of enterprises. The selected companies must be listed on the HCM City Stock Exchange (HoSE) and Ha Noi Stock Exchange (HNX) and must satisfy the following conditions: market capitalisation of VND1.5 trillion (US$66.1 million) or more, revenue in the three years preceding the survey year is VND250 billion or more, and net profit of the three years preceding the survey year is VND25 billion or more. The Top 50 this year includes 12 remarkable companies, who are taking the lead in various … [Read more...] about Viet Nam’s 50 best-performing companies announced
Part II: Managing Your Performance by Measuring Your Risks! Revered management thinker Peter Drucker wrote that ‘above all, management is responsible for producing results. Management has to give direction to the institution it manages.’ Leading an organisation to think about and act on risk and performance in an integrated way will no doubt face roadblocks. But, companies should focus first on a few key areas for integration and improvement. Start at strategy setting Integrating risk and performance management takes place at strategy setting. First, there must be a full C-suite consensus on clearly defined business objectives - whether strategic, financial, or operational. Once they’ve defined those objectives together, then they can start identifying the key risks that may present an opportunity to pursue those business objectives or impede their ability to achieve them. Sounds simple, doesn’t it? But for many companies, that kind of risk-informed … [Read more...] about Part II: Managing Your Performance by Measuring Your Risks!
The BOT (build–operate–transfer) model, in which a company hires another company to set up and manage its local IT operations before transferring them back to the parent company, has become increasingly popular. Pieter van Diermen, president of PYCO Group, which has served many companies under this model, talked to VIR’s Hong Anh about the company’s growth strategy in Vietnam, one of the world’s most popular IT outsourcing destinations. Recent years have seen the emergence and rise in popularity of BOT in the IT market. What has PYCO Group planned to grow in this context? Since 1999, we have been recognised as a state-of-the-art digital consulting and software development agency on par with Fortune 500 companies all over the world. During our 17 years in Vietnam, we have witnessed the local market grow a very promising IT talent pool that provides qualitative and well-grounded software engineers today. However, to seize valuable job opportunities, they … [Read more...] about BOT business model in the IT industry: new opportunities and challenges
Profitability and potential are among the key findings from Grant Thornton's Vietnam Hotel Survey 2007, its Corporate Finance Partner Ms Huynh Nu Kieu Phuong told VET's Thu Trang. What were your most importat findings in the Vietnam Hotel Survey 2007? In terms of sample size it is worth mentioning that the number of four- and five-star hotel resorts participating in the survey was quite high, this year equal to 32 per cent and 25 per cent, respectively, of all four- and five-star hotels in the country. But this was not the case with three-star hotels; although the number of participants has increased each year our sample size over the last three years has been quite low at only 2.2 per cent in 2005 and 3.5 per cent in 2007. This can be explained by the fact that most three-star hotels are managed by their owners, who operate based on their experience and feeling of the market, and they are not familiar with the value that the results of a survey can provide and so choose not to … [Read more...] about Room to grow