Long term care vs long term disability

SCG is one such example. M&A has become the most effective channel for the company to realise its commitment to long-term investment in the Vietnamese market. At present, SCG boasts 21 subsidiaries in Vietnam focusing on petrochemicals, cement, and building materials, and packaging, many of which have been established via M&A activities. Following the acquisitions, SCG coordinates with companies within its portfolio to foster growth by improving operation and safety standards as well as productivity. SCG’s M&A efforts in Vietnam also reflect its vision to become a regional business leader. … [Read more...] about Long-term development commitments realised through strategic M&A moves

Hanoi (VNA) – The Vietnam Electricity Northern Power Corporation (EVNNPC) has been recently assigned a Long-Term Foreign-Currency Issuer Default Rating (IDR) of ‘BB’ with a Stable Outlook by Fitch Ratings. EVNNPC’s rating is based on the consolidated credit profile of Vietnam Electricity (EVN, BB/Stable), which owns 100 percent of the company, in line with Fitch's Parent and Subsidiary Linkage (PSL) Rating Criteria. The consolidated rating approach is driven by the strong integration of EVNNPC's credit profile with that of its parent. Fitch assesses EVNNPC's Standalone Credit Profile (SCP) at ‘BB’, the same as that of EVN and the Vietnam sovereign rating (BB/Stable). EVNNPC's rating is aligned with that of its parent, EVN. Under Fitch's PSL criteria there are strong linkages between the two, as EVN fully owns EVNNPC and has extensive influence over the company's business plans, profitability and financial profile. Do Nguyet Anh, CEO of EVNNPC, … [Read more...] about EVNNPC named stable Long-Term Foreign-Currency Issuer by Fitch Ratings

According to Vietnamese ambassador to India Pham Sanh Chau, India is a large economy, which can provide Vietnam with large credit packages, highly-skilled human resources and modern technologies. However, they have yet to fully understand each other’s business culture. … [Read more...] about Indian firms on lookout for long-term investments in Vietnam

The country should increase national resilience with a focus on State-owned enterprises (SOEs), small-and-medium enterprises (SMEs) and the informal sector. SMEs and the informal sector collectively form a crucial domestic demand engine and will continue to need support, especially in the short term while growth and incomes remain depressed. SOEs account for one-third of GDP yet grow much more slowly than other companies do. While Việt Nam has reduced its number of fully owned SOEs by more than 90 per cent since 2001, its journey is far from complete because these efforts have yet to make the sector any leaner. Targeted equitisations, sustainable divestments, and transformation programmes could be considered to make SOEs competitive at home and even more competitive on the global stage. … [Read more...] about The right structural adjustments help Việt Nam achieve long-term growth aspirations

A bowl of snail noodle soup is priced at VND30,000 ($1.3) at Nguyen Tram eatery in Long Xuyen City, An Giang Province, Vietnam. Photo: Xuan Tung / Tuoi Tre News Nguyen Tram also offers an alternative choice – snail noodle soup that feels like a feast with a benevolent amount of crab meatballs, snails, squids, and two chunks of blood jelly chucked in. … [Read more...] about A foodie’s guide to Long Xuyen in southern Vietnam