Vietnam 

Programme on sustainable enterprises kicks off – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Steel production line. A programme that evaluates and identifies sustainable enterprises in Việt Nam 2019 has been launched.  Photo tinnhanhchungkhoan.vn HÀ NỘI — A programme that evaluates and identifies sustainable enterprises in Việt Nam 2019 was launched on Tuesday in Hà Nội by the Việt Nam Chamber of Commerce and Industry (VCCI) and Việt Nam Business Council for Sustainable Development (VBCSD). The programme, now in its fourth year, promotes business breakthroughs that meet the sustainable development goals of the country, according to VCCI. It also aims to strengthen exchange and cooperation in sustainable development among businesses, and raise awareness about the importance and…

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China’s iceberg of hidden debt shows the biggest risks in provinces dominated by local authorities and state enterprises

In China’s financial system, the bigger the role of the state, the cheaper the funding costs. As a rule. But in one corner of the country’s US$13 trillion bond market, something different has happened.The highest yields in the 7.5 trillion yuan (US$1.1 trillion) worth of debt sold by local government financing vehicles (LGFVs) are found on the securities sold in provinces where the public sector dominates the economy.That analysis, conducted by Bloomberg on data as of April, showcases both the… Source link

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China is plugging pension hole by tapping into US$25 trillion in equity in state-owned enterprises

Every month, Liu Yuan sets aside around 900 yuan (US$131), or 8 per cent, of his salary to be paid into the public pension fund, while his employer contributes about 2,000 yuan.These payments will guarantee the 33-year-old accountant of a construction company in eastern Shandong province a basic monthly pension payment of around 4,000 yuan a month when he retires in 25 years, all other things being equal.But starting this May, his employer can cut the mandatory contribution to his account by… Source link

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Vietnam 

Community Disaster Prevention Fund honours enterprises – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

  Representatives of Vietjet and other companies at a ceremony where they were honoured for their donations to the Disaster Prevention Fund in Đà Nẵng last week. —VNS Photo ĐÀ NẴNG — Budget carrier Vietjet was honoured by the Disaster Prevention Fund for participating in activities to succour people affected by disasters at a ceremony in Đà Nẵng late last week.  Vietjet employees’ have always been taking part in community activities and would continue to do so in future, the airline’s vice president Đỗ Xuân Quang said.  “We are always aware of an enterprise’s responsibility to…

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China ‘Snow’ beer maker among five new entrants to China Enterprises Index from June 17

China’s largest beer maker is among five new constituent stocks that will join the Hang Seng China Enterprises Index from June 17, compiler Hang Seng Indexes said on Friday as part of its quarterly review.The incoming constituents include China Resources Beer (Holdings) which sells“Snow” brand beer, mainland property developers Longfor Group and Country Garden Holdings, as well as ANTA Sports Products, which is the largest mainland sportswear company, and ENN Energy Holdings.Among the new… Source link

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Vietnam 

VN to boost IoT applications in enterprises – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Representatives discuss the applications of IoT in business activities. — Photo laodongthudo HÀ NỘI — Industrial Revolution 4.0 promised to bring opportunities to the business community, especially in sectors such as manufacturing, automation, agriculture, transport, finance, banking, education and health. The statement was made by Hoàng Quang Phòng, vice chairman of the Việt Nam Chamber of Commerce and Industry (VCCI), at a forum held in Hà Nội yesterday. The event was aimed at raising awareness of the internet of things (IoT)’s potential. In addition, it helped create opportunities for businesses to access IT applications…

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Vietnam 

Prime Minister promises optimal conditions for US enterprises – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – The Vietnamese Government would create optimal conditions for US enterprises to invest successfully in Việt Nam and was willing to listen to their recommendations to improve the local business environment, said Prime Minister Nguyễn Xuân Phúc. While receiving a delegation from the US-ASEAN Business Council (USABC), led by its president and CEO Alexander Feldman, in Hà Nội on Thursday, PM expressed his belief that the delegation’s visit would contribute to promoting economic, trade and investment relations between Việt Nam and the US. He…

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China 

Chinese private firms ‘being held back by prejudice as a result of government support for state-owned enterprises’

Chinese private companies are being held back by stereotypes that paint them as less reliable than state-owned enterprises when it comes to repaying their debts, fulfilling their contractual obligations or attracting talent, the boss of a pharmaceutical company has warned.Yang Wenlong, chairman of the private Renhe Group, said these prejudices made it harder for private companies to get loans, adding that this unfair treatment was a consequence of the implicit guarantees the government gave to… Source link

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China 

China says state-owned enterprises are ‘independent market players’

China’s state assets oversight agency denied there is a “systematic arrangement for extra subsidies” for central government-owned firms and called for more cooperation with foreign companies, amid growing criticism from the US and Europe over unfair competition.“State-owned enterprises are independent market players. They are self-operated, self-financed, self-sustained, self-disciplined and self-developed,” Xiao Yaqing, chairman of the State-owned Assets Supervision and Administration… Source link

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Vietnam 

Social enterprises in need of more support – Economy – Vietnam News | Politics, Business, Economy, Society, Life, Sports

Viet Nam News HÀ NỘI – Detailed support policies are needed to help develop social enterprises, experts have said. Nguyễn Thị Minh Thảo, head of Business Environment and Competitiveness Research Department under the Central Institute for Economic Management (CIEM), said that Việt Nam had a number of support policies for social enterprises. However, most were too general and it was difficult for social enterprises to benefit from them. “There are already support policies. But they must be made more detailed,” Thảo stressed. She pointed the six…

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