Nghe An Ready to Welcome Investors

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As the newly formed unit, the Authority of Dong Nam Economic Zone has faced a lot of difficulties and challenges in mobilising investment capital for the economic zone in the face of overall economic difficulty. However, the authority has overcome all difficulties to achieve its tasks of promoting and attracting investment capital into the economic zone and industrial zones. The economic zone has drawn big projects like Hoa Sen steel sheets, Masan MB Industrial Centre and Hanoi - Nghe An Brewery. Besides, the authority has also built essential infrastructure for Dong Nam Industrial Park.Speeding up infrastructure investment Attracting more investment capital into Nghe An province and its economic zones is now priority development orientation of Nghe An province. Therefore, the province is seeking resources for better infrastructure construction and ensuring favourable conditions for investors. At present, the Authority of Dong Nam Economic Zone is speeding up infrastructure … [Read more...]

Hai Phong Paint: Keep Innovating

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The 6th term of the Vietnam Chamber of Commerce and Industry (VCCI) has set up new huge challenges for innovation and creativity for the VCCI and enterprises. In order to acquire opinions and feedbacks from enterprises about the new tasks of the VCCI and enterprises in the upcoming time, Vietnam Business Forum interviewed Mr Nguyen Van Vien, Chairman of Hai Phong Paint Joint Stock Company. Ngo San reports.How do you assess the activity of the VCCI in the last term? What do you think the VCCI will have to do in the next term to further promote its role? During the past term, the VCCI has tried its best to accompany businesses in the process of restructuring and innovating growth model. The position and role of the VCCI has been increasingly improved; it acts as both a pioneer and a bridge connecting business. The most remarkable imprint is that the VCCI, as the representative of the enterprise community, drafted, developed and submitted Resolution 09/NQ-TW on "Building and promoting … [Read more...]

TRUNGDO: Innovation for Consumer Benefits

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The domestic market of granite, porcelain, ceramic and cotto tiles is like a "battlefield." But, in this context of fierce competition, TRUNGDO has still powerfully grown up to be one of leading manufacturers in central Vietnam, secured a stable domestic market and looked to foreign markets. The secret to the robust growth of TRUNGDO remains unknown. The following conversation with Mr Nguyen Hong Son, Chairman of TRUNGDO Joint Stock Company, will help readers learn more about development strategies of this leading brand, especially its plans to conquer foreign markets like Taiwan, Thailand and the Middle East. Ngo San reports. Could you please talk about TRUNGDO’s major achievements in 2014? Last year, like many other businesses, TRUNGDO faced a lot of difficulties, but with the effort of the entire staff, the company still managed to achieve encouraging results, achieving 10 percent revenue growth, 20 percent profit growth, 20 -25 percent dividend payout ratio, and stable … [Read more...]

Hoa Sen Group: Integrating Business with Social Responsibility

With the business philosophy "Integrity - Community - Development," how has the Group expressed its corporate social responsibility?

"Integrity - Community - Development" is the core business values of Hoa Sen Group. To learn more about Hoa Sen Group’s operations and future orientations, Vietnam Business Forum interviewed Mr Le Phuoc Vu, Chairman of Hoa Sen Group. Ngo San reports.October 4, 2014 marked an important milestone when Hoa Sen Group commenced construction of Hoa Sen Nghe An Steel Sheet Plant. The project is divided into three phases with a total investment capital of VND2,360 billion and scheduled to be completed by 2018. The first phase of the project is expected to be launched officially in March 2015. Why did Hoa Sen Group choose Nghe An province as the investment destination? What did you expect from this investment? With our current business development strategy, Nghe An is determined as a potential market. In my opinion, this market gathers all conditions for robust development. Firstly, with the forecasts of Vietnam’s economy in 2015, Nghe An will contribute significantly to … [Read more...]

Nghe An Attractive Tourist Destination

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With a long coast and a favourable transport system consisting of roads, railways and airways, particularly Vinh Airport to be upgraded to an international airport, Nghe An province is an attractive destination for tourists. Visiting Nghe An, tourists can not only swim at beautiful beaches but also join tours to Kim Lien village - the homeland of Uncle Ho, Hoang Muoi spiritual monument and many beautiful attractions. Nghe An is home to many historical monuments and landscapes as well as unique cultural works. The folk tradition of Vi Dam singing was recognised as the "Intangible Cultural Heritage of Humanity." With these potential and advantages, the government of Nghe An province is focusing on sustainable tourism development and considering tourism a key economic sector. Nghe An has now become an attractive destination for domestic and international tourists.Attracting more high-end international tourists In the coming time, the province will increase high-end international … [Read more...]

Nghe An More Open for Higher Development

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After one year of implementing Resolution 26-NQ/TW of the Politburo on Nghe An development directions and tasks to 2020, under the close guidance of the central government, Nghe An province has made constant efforts to achieve important socioeconomic development results. On the sidelines of the 2015 Lunar New Year Meeting with investors, Nguyen Xuan Duong, Chairman of Nghe An Provincial People's Committee, granted an exclusive interview to Vietnam Business Forum. Ngo San reports.How do you think about economic development results of Nghe An province in 2014? In spite of many tough challenges, Nghe An province’s economy still developed well in 2014. In 2014, the total value of products reached VND56,689 billion, an increase of 7.24 percent over 2013. Of the sum, the production value of agro-forestry-fishery was VND14,337 billion, up 3.85 percent year on year; industrial and construction value was VND18,496 billion, up 8.72 percent; and services value was VND23,856 billion, up … [Read more...]

Outcome from the Resonance

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In 2014, Nghe An started a number of investment projects with a major impact on socio-economic development. That's the bright spot in the bleak picture of attracting investment of the country. This result is due to the direct attention of the Central and the continuous efforts of the provincial government in 2014 and earlier years. The main achievement is the result of the above factors, Nguyen Van Do, Director of Nghe An Planning and Investment Department, confirmed to Vietnam Business Forum. Ngo San reports.How do you evaluate the results of attracting investment in 2014? As of November 15th 2014, Nghe An province had granted and adjusted investment certificates for 127 projects with a total registered capital of VND27,384 billion, of which granting certificates to 105 new projects with a capital of VND18,522 billion and adjusted 22 projects to increase more VND8,862 billion. The highlight is that Nghe An had attracted capital in a large number of projects such as Dong Van … [Read more...]

Dai Thanh Company: Lodestar in Quang Binh Rural Economy

With a team of young, dynamic, well-trained and enthusiastic management staff, a scientifically operated management and production system, a Board of Directors with rich experience in export garment industry, strong resources and broad network with trustworthy, visionary partners, and more than 200 employees with extensive experience in export garment production in modern factories in Ho Chi Minh City and Binh Duong province, Dai Thanh Joint Stock Company is confident to be a powerful business with important contributions to the general development of the rural economy in Quang Binh province. Dai Thanh Garment Export Factory is the first garment factory of Dai Thanh Joint Stock Company, built from May 2011 and put into operation in October 2012. The facility covers an area of 30,000 squ. metres, including 1,500 squ. metres for workshops. The plant can be expanded to 10 sewing lines (currently operating four sewing lines, two cutting lines, four ironing line and one packaging … [Read more...]

Deploying Consistent Export – Import Facilitation Solutions

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The Bac Giang Customs Office responsible for managing industrial zones officially deployed the Vietnam Automated Cargo and Port Consolidated System and Vietnam Customs Information System (VNACCS/VCIS) from April 7, 2014. The VNACCS/VCIS system will directly improve the efficiency of export and import customs clearance, thus helping facilitate trade and enhance economic competitiveness. Vietnam Business Forum's reporter has an interview with Mr Vu Danh Hai, Director of Bac Giang Customs Office responsible for managing industrial zones, on this issue. Ngo San reports.In 2014, customs offices nationwide have actively deployed the VNACCS/VCIS system to support enterprises to carry out electronic customs clearance. How has the VNACCS/VCIS system worked since it was brought into operation in April 2014? … [Read more...]

SBV Bac Giang: Supporting Businesses to Overcome Difficulties

Recently, the State Bank of Vietnam - Bac Giang Branch (SBV Bac Giang) has been actively implementing solutions on monetary policy of the Central Bank to ensure reasonable credit growth to stabilise the money market and foreign exchange. Besides, SBV Bac Giang focused on directing local credit institutions to reduce costs and adjust lending rates downward in line with the macroeconomic situation and the direction of the SBV, which helps remove the difficulties of enterprises. Than Van Minh, Deputy Director of SBV Bac Giang, said that in 2013 and early 2014, to remove difficulties for enterprises, SBV Bac Giang has been actively revising down interest rates in line with the economic realities. In addition to the significant reduction of the interest rates for new loans, the bank has asked commercial banks to consider adjusting the interest rates on existing loans of less than 13 percent per year and exempting or reducing the interest of the payable for loss of assets that resulted in … [Read more...]

Bac Giang City: New Look, New Stature

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In recent years, Bac Giang has made strong and continuous transformation that helps the province achieve new outcomes, contributing to its overall development. These achievements across all areas in the reform process have created momentum and are an important prerequisite for Bac Giang to continue to achieve better performance. This helps Bac Giang become a big city with strong potential for the future.New look … [Read more...]

Bac Giang: Vibrant Investment Promotion Activities

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In recent years, Bac Giang Province has adopted many measures to enhance the exploitation of resources of many sectors and people for socio-economic development. The province has also issued a number of policies to encourage investment as well as implemented administrative reforms to create an open, attractive business environment for domestic and foreign investors, said Mr Bui Van Hai, Chairman of Bac Giang's People Committee to the Vietnam Business Forum. … [Read more...]

Entrepreneur Nguyen Van Vien: Lifelong Devotion to the Growth of Haiphong Paint

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Today, Haiphong Paint is not only a pioneer of the Haiphong business community and of the Vietnamese paint industry but is also a leading private company in the country with three paint plants and eight subsidiary companies. It is little known that this achievement is originated from a near-bankrupt three decades ago. The key to the miraculous successes of Haiphong Paint is President and CEO Nguyen Van Vien, who has overcome mechanism barriers and market challenges to grasp opportunities for his company. … [Read more...]

“Golden Rose in the Sand”

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Luckily, we had the chance to meet Ms Hoang Thi Hong, an executive member of VCCI term 5, Chairwoman cum CEO of Hai Binh Trade and Tourism Joint Stock Company, to discuss the outputs of the Vietnam Chamber of Commerce and Industry (VCCI), its uncompleted tasks, and the new expectations for the next term. Instead of meeting at the office, she arranged an appointment with us at the Kim Co Temple for worshipping Tam Queen, nickname of talented Nguyen Phi Y Lan located on Duong Thanh street right in the city centre. This is one of the typical historical-cultural relics belonging to the memorial monument system of Nguyen Phi Y Lan in Hanoi and surrounding areas. Ms Hong has gone through difficulties and obstacles in life to become a successful businesswoman, and is referred to as a strong-willed person. When asked about the efforts of VCCI in supporting business community in recent years, she affirmed that in the context of the difficult economy, with the roles of connecting the state and … [Read more...]

Thai Nguyen Confidently Implementing New Development Goals

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Entering 2014, amid many difficulties and challenges, central and local government departments are carefully setting goals for socio-economic development. But in the mountainous province of Thai Nguyen, they are quite confident in setting the goals: economic growth of 15 percent, industrial production value increased by 55 percent, and exports reaching US$1 billion - increased 5.8 times compared with 2013. What is the reason for the confidence of the provincial authority in targeting those figures and what will they do to implement the goals of socio-economic development in 2014? To learn about this issue, Vietnam Business Forum interviewed Mr Duong Ngoc Long, Chairman of Thai Nguyen People's Committee. Ngo San - Tien Dat report. 2013 coming to an end is a time when we can recognize our efforts during the past year. How do you assess the situation of socio-economic development of Thai Nguyen province in the past year? We all know that in 2013, Vietnam's economy faced many … [Read more...]

Story on ‘Weird’ CEO

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If you are lucky enough to meet Mr Nguyen Van Vien, General Director of Haiphong Paint Joint Stock Company, you would hardly imagine that he is nearly 70 years old. With a brilliant face, bright eyes, a well-built body, a weathered appearance, maturity and dexterity, he will surprise you immediately. Passion and enthusiasm never diminish in the thoughts of this venerable businessman. Ambition - bold investment He used to teach at Haiphong Industry School before being promoted to the deputy director of Personnel Division of the school. He is now the chairman of the Board of Directors of VLC Group. Looking back on his career, his extraordinary talent, enthusiasm and bravery are admired by many people. Any of his changes affects VLC Group. It is little known that the today's VLC success is mainly resulted from "gold and weird" investments by this CEO since the very beginning. As a strategically visionary CEO with far-reaching aspirations, he enterprisingly advocated creativity and … [Read more...]

CMC Joint Stock Company: Standing Firm before Storms

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In more than 50 years of construction and development, CMC Joint Stock Company has experienced many economic ups and downs, but with the willpower, strength, bravery and solidarity of all the staff, the company has achieved a plenty of successes and received many certificates of merit and medals from the State for its business achievements. Currently, CMC is a leading brick and tile manufacturer in Phu Tho province. CMC-branded tiles are now present all over the country and available in many countries in the world. CMC Joint Stock Company was formerly known as Viet Tri Concrete Factory established in 1960 as an affiliate to Song Hong Corporation administered by the Ministry of Construction. In June 2006, CMC was officially transformed from a state-owned enterprise into a joint stock company. To reach its current success, since 1997, the company invested in its production line with an annual capacity of 1 million square metres. Then, the company applied advanced production equipment … [Read more...]

Thai Binh: Potential and Investment Opportunities

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As a coastal province in the Red River Delta, Thai Binh is 110 km from Hanoi, 70 km from Hai Phong and located in the area directly affected by the economic triangle of Hanoi, Hai Phong and Quang Ninh. Thai Binh has a population of 1.78 million, a natural area of 1647.7 km2. Thai Binh has a coastline of 54 km, with 5 large estuaries to the sea, forming a sedimentation of coastal sand dunes, over 5,000 hectares of wetland, is located in the biosphere reserve recognised by UNESCO and intertidal zone of 16,000-18,000 ha, of which 6,000-7,000 ha can be used for aquaculture. Thai Binh has a very rich natural resource, particularly mineral resources. The gas source of Tien Hai has been used for the production of some materials such as porcelain, ceramic and glass of the Tien Hai Industrial Zone. The province is working with the Petrol Vietnam (PVN) to connect the gas pipes from zone 103 and 104 at the coastal line to the Tien Hai Industrial Park. In particular, Thai Binh has coal basin … [Read more...]

Lao Cai Urban Environment One-member Co., Ltd: Many Initiatives for Higher Efficiency

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Lao Cai Urban Environment One-member Co., Ltd engages in the fields of urban sanitation, public lighting, management of green parks and road maintenance. With many initiatives, the company always fulfils its objectives, contributing to a prosperous Lao Cai. As a young and dynamic city, Lao Cai City has been creating strong development, which has, in turn, posed significant challenges to the environment, especially to the goal of developing the city into a second-grade city. In recognition of this responsibility and political duties, Lao Cai Urban Environment Company has made efforts to complete outstanding tasks, contributing to the construction and development of Lao Cai City in particular and towns and townships in the province. In 2012, the company was affected by the difficult situation of the country, with decreasing investment in public services. Under such conditions, the company still managed to expand the market to districts such as Sapa, Bac Ha and Bat Sat. At the same … [Read more...]