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| Indian Minister of Culture and Tourism Gajendra Singh Shekhawat (fourth, left) attends the inauguration of Vietnam's booth at IHE 2024. (Photo: VNA) |
As a partner country, Vietnam arranges a booth showcasing its products and organises a cuisine festival and masterclasses by famous Vietnamese chefs.
After the opening ceremony, the Vietnam Trade Office in India inaugurated the Vietnam booth in the presence of Indian Minister for Tourism & Culture Gajendra Singh Shekhawat and representatives of Vietnamese and Indian businesses.
The Vietnam booth has attracted much attention and appreciation from Indian and foreign businesses.
Vietnamese enterprises, including UNIBEN, Vietnam Airlines, and Viettravel, are showcasing Vietnam's typical products such as instant noodles, pho (noodle soup), coffee, tourism and aviation services, contributing to promoting the country's exports to India in particular and the world in general.
This is an important opportunity for Vietnam to promote its culture, cuisine, high-quality tourism and air services, and for Vietnamese companies to expand their trade relations and improve their presence in regional and international markets.
The four-day event is expected to attract over 1,000 exhibitors and 20,000 visitors.
Top 50 prestigious and effective public companies 2024 announced
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| Top 10 prestigious companies in the banking, insurance, technology, and high-tech agriculture sectors in 2024 receive awards (Photo: vietnamnet.vn) |
Vietnam Report and VietNamNet newspaper announced the Top 50 prestigious and effective public companies (VIX50) in Vietnam 2024 during a ceremony on August 2, reported Vietnam News Agency.
Joint Stock Commercial Bank for Foreign Trade of Vietnam (Vietcombank) topped the ranking, followed by tech giant FPT Corporation, real estate developer Vinhomes, Asia Commercial Joint Stock Bank (ACB), Ho Chi Minh City Development Joint Stock Commercial Bank (HDBank), Military Commercial Joint Stock Bank (MBBank), Bank for Investment and Development of Vietnam (BIDV), Vietnam Technological and Commercial Joint Stock Bank (Techcombank), Vietnam Joint Stock Commercial Bank for Industry and Trade (Vietinbank) and Gemadept Corporation.
Since 2021, Vietnam Report has annually revealed the VIX50 ranking, which recognises the prestigious and effective public companies. This ceremony stands as a distinguished and influential gathering within the Vietnamese business community, underscoring acknowledgment and esteem for public companies exhibiting high efficiency and responsibility in the economy.
The ranking serves as a reputable yardstick, enabling enterprises to garner heightened attention and favourable reviews from investors, financial institutions and the media. This accolade also serves as a catalyst for businesses to persist in their growth and enhance market standing.
Following two years marked by the impacts of stringent monetary policies and exchange rate fluctuations, the Vietnamese stock market anticipates numerous new growth prospects this year. Notably, amidst the Government's resolute commitment to bolster the stock market by 2025, focusing on sustainable development, safety, and transparency, establishing and upholding reputation emerges as paramount for public enterprises.
The influence of reputation plays a pivotal role in investor sentiment, serving as a cornerstone for sustainable growth and the escalation of corporate value.
Vietnam Report acknowledges the Top 50 prestigious and effective public companies in 2024 to celebrate public enterprises with a robust financial footing, notable accomplishments in delivering products and services to customers, and establishing an impressive reputation among the public and investors.
The recognised representatives not only showcase excellence in financial resilience and communication but also exhibit potential for growth, a level of sustainable development, quality governance and standing within their respective industries.
As part of the event, the organising committee also announced the Top 10 prestigious companies in the banking, insurance, technology, and high-tech agriculture sectors in 2024. This recognition aims to appreciate and honour experienced, esteemed, and reputable enterprises that contribute positively to the industry's overall advancement and the Vietnamese economy at large, deserving of the title of "industry leaders" in vital economic sectors.
Notably, the announcement ceremony for the Top 50 prestigious and effective public companies this year was elegantly held concurrently with the Vietnam Top 500 CEO Golf Championship 2024 (VCG500). This annual golf tournament, serves as a sophisticated and contemporary platform that brings together leading figures from prominent Vietnamese enterprises, including VIX50 enterprises, fostering connections, knowledge sharing, and expanding business collaboration opportunities.
Vietjet honoured in Top 50 Corporate Sustainability Awards 2024
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| Vietjet honoured in Top 50 Corporate Sustainability Awards 2024 |
The new-age carrier Vietjet is among leading enterprises honoured with the Top 50 Corporate Sustainability Awards 2024, reported Vietnam News Agency.
This year, Vietjet has been voted and honored in two important categories: "Outstanding Sustainable Transport" and "HR Strategy for Sustainable Development", recognising Vietjet’s special results in sustainable development programmes, green transition, low carbon strategy, aiming at using green energy, saving and efficiency as well as managing human resources most effectively and optimally.
As a sustainable development enterprise, Vietjet has implemented many environmental protection and sustainable development activities since its establishment by optimising resources. Vietjet is a pioneer airline in implementing green transition, using a modern fleet with the ability to save up to 20% of fuel to reduce emissions releasing into the environment, optimising aircraft configuration, pioneering the use of electronic tickets instead of paper tickets to minimise the use of paper, ink, etc. Vietjet's current inflight service equipment also uses environmentally friendly, recyclable materials such as areca, bamboo, coconut, biodegradable packaging, etc., aiming to reduce net emissions to 0 by 2050. Vietjet is a pioneer in participating in research, development and use of sustainable aviation fuel, aiming to become a green airline, leading in technology, environmentally friendly and activities associated with sustainable development.
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| Photo for illustration. (Source: NDO) |
In addition, Vietjet has been honored in the category of "Human resource strategy for sustainable development" thanks to its financial indicators, labour policies; working environment, leadership and corporate management, awards, titles and special achievements that have been recognized in business, activities demonstrating the company's responsibility to society, to employees and to employees' children. Vietjet currently has a high-quality human resource with more than 6,000 employees from more than 50 countries and territories. Every year, thousands of candidates apply to Vietjet because it not only has good income and benefits but also is a professional working environment with open career development opportunities.
The Top 50 Corporate Sustainability Award is an annual one initiated by Nhip Cau Dau Tu magazine to promote the trend of sustainable development to spread widely in the business community and Vietnamese society, while recognizing and honoring businesses that have contributed to sustainable development, environmental friendliness and social justice. The award also contributes to raising awareness and inspiring sustainable development and environmental protection for the community.
The new-age carrier Vietjet has not only revolutioniaed the aviation industry in Vietnam but also been a pioneering airline across the region and around the world. With a focus on cost management ability, effective operations, and performance, applying the latest technology to all activities and leading the trend, Vietjet offers flying opportunities with cost-saving and flexible fares as well as diversified services to meet customers’ demands.
Vietjet is a fully-fledged member of International Air Transport Association (IATA) with the IATA Operational Safety Audit (IOSA) certificate. As Vietnam’s largest private carrier, the airline has been awarded the highest ranking for safety with 7 stars by the world’s only safety and product rating website airlineratings.com and listed as one of the world's 50 best airlines for healthy financing and operations by Airfinance Journal in many consecutive years. The airline has also been named as Best Low-Cost Carrier by renowned organizations such as Skytrax, CAPA, Airline Ratings, and many others.
Vietnam’s wood processing sector sees rosy signs in first months
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| Vietnam’s wood processing sector sees rosy signs in first months (Photo: VNA) |
Vietnam's wood industry has showed signs of recovery in the first months of 2024, and this positive trend continues, bolstered by an increase in orders from traditional markets and progress towards achieving export targets set for the year, reported Vietnam News Agency.
According to Vietnam Customs, the country's wood export revenue reached about 8.7 billion USD in the seven months of this year, marking a 21% increase compared to the same period in 2023. Specifically, the export of wood products fetched about 5.96 billion USD, up more than 22%.
Experts attributed this growth to rising demand in major markets, particularly the US, which remains Vietnam's largest importer of wood and wood products. The Ministry of Industry and Trade (MoIT) reported that the US accounts for nearly 54% of Vietnam's total wood and wood product exports. Exports to the US have been steadily increasing month by month, reflecting a positive trend.
Ngo Sy Hoai, Secretary-General of the Vietnam Timber and Forest Products Association, noted that wooden furniture imported from Vietnam represents about 41% of the total US imports of such products.
Recent developments, including the US Department of Commerce's decision to terminate its investigation into anti-dumping and countervailing duties on wooden cabinets from Vietnam, are expected to facilitate Vietnamese wood product's greater access to the US market, he noted.
In addition to traditional markets like the US and China, Vietnamese wood exporters have also reported growth in new markets such as India and the Middle East.
In the first half of 2024, shipments to China reached 1.05 billion USD, climbing 49.3% year-on-year, while those to Canada and India hit 113,000 USD and 73,000 USD, up 23.9% and 94.2% respectively.
Nguyen Liem, Chairman of the Binh Duong Furniture Association (BIFA), emphasised the need for the wood industry to adapt to changing conditions, including adopting flexible production and export strategies. This includes employing advanced technology and optimising the supply chain from raw materials to logistics.
Although the wood industry has seen a rise in export value in recent years, the added value of its products remains relatively low. Experts estimate that only about 5% of Vietnam’s wood products have designs - a crucial stage for increasing added value and affirming product brands.
Phung Quoc Man, Vice President of the Handicraft and Wood Industry Association of Ho Chi Minh City (HAWA), suggested that Vietnamese wood enterprises need to invest in design and innovation to enhance product value and profitability.
To further increase the value of exported wood products, Vietnamese companies should invest in technology and digital transformation to reduce exports of raw wood materials and prioritise the production of refined products that meet market demands./.