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This event is open for all professionals interested or currently working in Starups in Hanoi, or supply chai professionals in Hanoi, or who are interested in looking for business collaboration for U.S. market through meeting with a delegation of Baylor University (U.S.), Executive Master Program.
Ferguson Global is seeking a Sourcing / Business Development Manager to assist in our Southeast Asia sourcing expansion. This position will report directly to our Regional Manager based in Taiwan and work closely with our staff at Ferguson Enterprises, LLC headquarters in Newport News, VA, USA.
The Project Manager (PMO) is a highly visible role that is responsible for driving the transformation activities for Singapore Replenishment Center (SRC) and 3rd party service providers’ warehouses migration from current location to a new location. This leader will lead cross-functional internal and external resources and has overall accountability of the execution and performance of projects and transformation initiatives.
Manage DC daily operation activities at warehouse facility. To ensure strict execution of the SOP and meet KPIs.
Power price hike shocks Vietnam struggling industry
A proposed hike in electricity prices could be the last straw for businesses that are already struggling to survive.
According to a draft decision of the Ministry of Industry and Trade, which, if approved, will take effect after the current regulations expires on July 1, price of 22-110 kilovolt (KV) power, which is often used by industry, will increase by 2-7 percent.
Steel and cement firms will pay 2-16 percent more than others to offset losses made by the state-owned Electricity of Vietnam when selling power to them.
The price of power sold to them was only VND914 per kWh compared to the average price of VND1,183 in 2010, meaning EVN made losses of over VND2.5 trillion.
Average power tariffs now stand at VND1,437 (6.8 US cents) per kilowatt-hour after a 5 percent hike last December.
Nguyen Tien Nghi, vice chairman of the Vietnam Steel Association, said the price hike would deal a big blow to steel producers, who are already struggling because of the stagnant property market and fierce competition from imports.
“Considering many firms are facing difficulties, the increase is not reasonable. More steel producers will face the risk of bankruptcy,” he said.
For billet producers electricity accounts for some 6 percent of costs.
“Power tariffs for steel makers should be equal to other producers’,” Nghi said.
“Steel makers’ bankruptcy will also affect other sectors, including construction and home appliances production.”
Truong Anh Tu, director of a machinery production firm in Hanoi’s Quang Minh industrial park, said companies would have to pay more not only for power but also other materials since there would be a knock-on effect on their costs too.
“Such a hike will cause more companies to go broke.”
According to a recent report by the Vietnam Chamber of Commerce and Industry, the number of businesses that shut down or suspended operations increased by 6.29 percent last year to more than 54,200.
Economist Nguyen Minh Phong said the power price increase, coupled with rising transportation costs, would make it difficult for producers to break even.
“Companies will become less competitive in the domestic market and risk losing export markets as well.”
He said instead of raising prices during these tough times, EVN should try to reduce transmission losses and cut costs.