Defense integrated military human resources system

REE issues fixed-rate bonds Standard Chartered Bank Vietnam (SCB Vietnam) announced on January 29 it has successfully placed the Refrigeration Electrical Engineering Corporation (REE)’s inaugural $100-million (VND2.318 trillion) fixed-rate bonds. The issue was guaranteed by the Credit Guarantee and Investment Facility (CGIF), a trust fund of the Asian Development Bank rated AA internationally by S&P. The fixed-rate bonds bear an interest rate of 7 per cent per annum with a ten-year maturity. REE is a listed and diverse business group in Vietnam primarily operating in the fields of real estate development and management; mechanical and electrical engineering services; the manufacture, assembly, and sale of Reetech air conditioning systems; and power and water utility infrastructure. The company was one of the first to list on the Ho Chi Minh Stock Exchange and is among the 30 largest companies in terms of market cap. SCB Vietnam’s expertise and capabilities to execute … [Read more...] about BUSINESS NEWS IN BRIEF 28/2

Party, State leader warns of complacency General Secretary of the Communist Party of Việt Nam and President Nguyễn Phú Trọng speaks at the Government’s meeting with localities yesterday.  General Secretary of the Communist Party of Việt Nam and President Nguyễn Phú Trọng acknowledged Viet Nam’s 2018 socio-economic development achievements but warned against self-satisfaction at the Government’s meeting with localities yesterday. Trọng noted the country still faced many difficulties and challenges due to unpredictable regional and global developments and latent risks in the world economy, especially in finance, monetary and exports due to impacts of trade wars, along with problems in the economy and social affairs.  The Party and State leader underlined main tasks for 2019, including consolidating the macro-economy, controlling inflation, improving capacity to respond to abnormal market developments, … [Read more...] about Government News 30/12

VN wood and furniture firms eye Mexico, Canada      Mexico and Canada will be promising markets for Viet Nam’s wood and furniture products when the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) takes effect in early 2019, according to the Ministry of Industry and Trade. Deputy Minister Tran Quoc Khanh said exports to Canada were worth over US$129 million last year and are expected to top $140 million this year. “The CPTPP will open opportunities for products such as wood flooring and bars to Canada because the market will immediately scrap the import tariff of 3.5 per cent when the agreement comes into effect. “Products such as plywood, picture frames, door frames and especially furniture will also have an opportunity because import tariffs of between 6 per cent and 9.5 per cent will be eliminated as soon as the agreement comes into effect. “Wooden handicrafts will also benefit when Canada agrees to abolish the 7 … [Read more...] about BUSINESS NEWS IN BRIEF 19/12