News · CafeF

Dr. Nguyen Si Dung: GSM's initiative helps raise welfare standards

Dr. Nguyen Si Dung, former Deputy Director of the National Assembly Office, considers GSM's accumulative insurance scheme for drivers, launched in 2024, commendable and capable of motivating the market to raise welfare standards. According to GSM, drivers contribute 100–200 đồng per trip, benefits can reach up to 1,250 times the contribution depending on conditions, and nearly 100% of drivers have joined. He argues that splitting contributions per trip suits drivers' variable incomes, and notes that the 1,250 times figure is the insurance payout when a risk occurs, not the return on the savings. He views welfare as a long-term investment that helps retain workers and strengthen customer trust.

Summary written by Upside AI from the original article. Read the source for full details.

Original headline: TS Nguyễn Sĩ Dũng: Sáng kiến của GSM góp phần nâng chuẩn phúc lợi

Read the original on CafeF ↗

Related news

  • FTAs - driven exports behind India recent growth upgrades by global agencies : Jayant Sinha

    Former Indian Minister of State for Finance Jayant Sinha attributes India's strong growth partly to robust exports, which he says are being boosted by free trade agreements with the UK, the EU, the UAE and other countries, as well as a weaker rupee. He called these trade deals 'absolute game changers' that should open overseas markets for Indian businesses and support job creation. Sinha noted that agencies including the IMF, World Bank, OECD, ADB, S&P Global and Moody's have raised India's 2026-27 GDP growth forecast to about 7% or higher; the IMF lifted its projection by 0.6 percentage points to 7%, while the World Bank and OECD moved to 7.1%. He commended the government and the Reserve Bank of India for sustaining robust growth while keeping inflation modest, adding that the RBI is closely monitoring inflation and acted at its latest Monetary Policy Committee meeting.

    austinglobe.com·

Related markets

Vietnam stocks →Currencies →

Latest news

  • Winning over Vingroup and Sun Group with concrete and special materials: Vietnamese company's profit up 136%, chairman speaks out

    Song Da Cao Cuong (SCL) reported Q3/2026 profit of VND 38 billion, up 136%, on net revenue of over VND 263 billion (up nearly 98%), while gross profit margin rose from about 36% to 41%. For the first nine months, revenue reached nearly VND 666 billion (up 81%) and after-tax profit nearly VND 94 billion, already exceeding more than 110% of its full-year profit target. Chairman Kieu Van Mat attributed the results to technology upgrades, production line optimization and capacity expansion, with several new plants expected to start operations by November 2026. The company said it spent more than two years testing its products before Vingroup accepted them; Vingroup's share of its business has fallen to about 25% as customers expanded to around 10 major groups and exports began to Laos, Cambodia and the Philippines. Over the past two years, the company has invested about VND 1,000 billion in factories and technology.

    CafeF·SCLearningsVingroup
  • Coteccons Chairman Bolat Duisenov reveals new direction: expanding home construction for individual customers

    At the annual general meeting on October 20, Coteccons (HoSE: CTD) set fiscal 2027 targets of VND 42,000 billion in revenue and VND 1,050 billion in after-tax profit, and said it is considering expanding into residential construction for individual customers (B2C). In fiscal 2026, net revenue reached VND 34,340 billion (up 38%, 115% of plan) and after-tax profit VND 788 billion (up 73%); new contract wins totaled VND 60,307 billion and backlog was about VND 70,000 billion. In the first quarter of the new fiscal year, the company booked revenue of VND 11,270 billion and profit of VND 306 billion, but new contract value of VND 14,519 billion was lower than a year earlier; the company said it is tightening criteria for selecting clients and projects. Coteccons is also working with Microsoft, is expected to become a strategic partner of Workday, and targets raising its ROE from 10% to 15-18% by 2030.

    CafeF·• CTDCTDhousingearnings
  • UPS Yields 6.7% After Firing Amazon. Here's Whether the Dividend Survives 2027.

    UPS shares yield 6.7% as of October 16. The company has moved away from high-volume, low-margin Amazon deliveries and froze its dividend earlier this year, ending a 16-year streak of increases. The article says the payout will likely remain frozen through 2026 and 2027, citing competition from 10- and 30-year Treasury yields above 5% and other industrial dividend payers, but calls the dividend's safety questionable: UPS generated $5.47 billion in free cash flow in 2025, with $5.4 billion going to dividends, and free cash flow is projected to fall to $5.05 billion in 2026 and $5.01 billion in 2027, with the dividend absorbing about 98% of 2026 free cash flow. Rising competition and high fuel prices add pressure, and the article suggests investors may find more safety in the industrial sector.

    Yahoo Finance·dividendsUPSAmazon
  • Asian shares mostly decline after AI stocks lead a rebound on Wall Street

    Asian shares mostly fell in cautious trading on Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices stayed high. Japan's Nikkei 225 slipped 0.6% to 64,512.35 in early trading, South Korea's Kospi dropped 2.8%, and Australia's S&P/ASX 200 lost 0.8%. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq gained 1.1%, helped by Nvidia's 1.4% gain, while most stocks outside AI and tech fell and the Dow slipped 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose to $103.50 a barrel and Brent to $109.47, as uncertainty about when the energy industry will return to normal after the war with Iran means oil is unlikely to ease soon.

    clickorlando.com·▲ QQQ▲ SPY▲ NVDA• VNINDEXAsiaartificial intelligenceWall Street
  • Asian shares mostly decline after AI stocks lead a rebound on Wall Street

    Asian shares mostly fell in cautious trading Tuesday after AI-related stocks rebounded on Wall Street, while other sectors stayed shaky and oil prices remained high. Japan's Nikkei 225 slipped 0.6% to 64,512.35, Australia's S&P/ASX 200 lost 0.8% to 8,772.10, and South Korea's Kospi dropped 2.8% to 5,605.31. On Wall Street, the S&P 500 rose 0.4% and the Nasdaq rallied 1.1%, helped by Nvidia, while the Dow fell 0.1%. The 10-year Treasury yield climbed to 5.14%, and U.S. crude rose 0.15% to $103.50 a barrel as uncertainty over the war with Iran kept oil prices elevated.

    clickondetroit.com·▲ QQQ▲ SPY▲ NVDA• VNINDEXAsiaartificial intelligenceWall Street
  • What Could X-Energy (XE) Gain From Its 960MW Indiana Nuclear Project?

    X-Energy (NasdaqGS:XE), American Electric Power and Amazon agreed to assess a 960 MW advanced nuclear project in Indiana using Xe-100 reactors, on a former coal plant site. Under the joint development agreement, Amazon would provide development funding and commit to a long-term power purchase. The article says the deal offers commercial validation for X-Energy's reactor platform rather than immediate financial relief, as the company, with a $4.3b market cap, reported $150.28 million in revenue, a $448.87 million loss, and a 20.2x price-to-sales ratio. The next key milestone is whether the study reaches a final investment decision for the Sullivan County site.

    Yahoo Finance·XEnuclear powerAmazon

All news →

Get the briefing on Telegram or Zalo

Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.