BUSINESS IN BRIEF 15/3

New bond trading system launches The second version of the Government bond trading system was introduced by the Ha Noi Stock Exchange last week and will be used for the first time next Monday when Circular 234/2012/TT-BTC takes effect. The system was upgraded in response to provisions in the circular concerning risk management and repurchase agreement (repo) trading. A repo agreement occurs when the selling party agrees to repurchase bonds in the future. The new version integrates bond and … [Read more...]

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BUSINESS IN BRIEF 19/4

Japan to fortify supporting industries Japan will provide concessional loans for Vietnamese supporting industry firms in a bid to strengthen its industrial investments in Vietnam. The Japan International Cooperation Agency (JICA) and the State Bank last week introduced a credit programme for Vietnamese small- and medium sized enterprises (SMEs) operating in supporting industries. Under the plan, an SME, which in Vietnam is defined to have total maximum assets of VND20 billion ($961,358) and … [Read more...]

BUSINESS IN BRIEF 23/3

Dialogue discusses PPP projects in Vietnam The first high-level dialogue to accelerate Public-Private Partnership (PPP) projects in Vietnam was held in Hanoi on March 21. The event was co-chaired by Minister of Planning and Investment (MPI) Bui Quang Vinh and Japan Bank for International Cooperation (JBIC) General Director, Hiroshi Wantanabe, along with related representatives. Addressing the dialogue, Minister Bui Quang Vinh emphasised that the friendship and cooperation between Vietnam and … [Read more...]

Safurni opens city’s furniture center

nguyen-chien-thang-chairman-of-the-handicraft-and-wood-industry-association-of-hcmc-hawa-said-the-center-will-run-as-a-wholesaler-as-there-are-neither-supermarkets-nor-big-centers-specializing-in-8064-100x100

South Asia Furniture (Safurni), an alliance of 12 local exporters of furniture products, along with its partner ADS on Wednesday opened the first ADS-Safurni distribution center in HCMC's District 3. Local furniture demand is estimated at $3 billion in value, largely taken by imported products at middle- and small-sized retail stores at home. "Now is the right time for the establishment of a distribution center of home-made furniture," Thang noted. Besides, the ADS-Safurni center … [Read more...]

Hundreds hospitalized in two food poisoning cases

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Hundreds of workers were hospitalized in two food poisoning cases that took place on July 10 in the southern provinces of Binh Duong and Long An, causing serious concerns on food safety and hygiene conditions once again. More than 50 workers of the Thinh Viet Furniture Company in Binh Duong Province were admitted to the General Hospital in Tan Uyen District on afternoon of July 10, some unconscious while others were vomiting profusely. According to the workers, they had meals in the … [Read more...]

BUSINESS IN BRIEF 18/6

Tunnel project to link Phu Yen with Khanh Hoa More than VND15.6 trillion ($750 million) will be spent to build a tunnel through the Ca and Co Ma mountains to link up the two central provinces of Phu Yen and Khanh Hoa. The ceremony to sign the contracts for the BOT (build-operate-transfer) and BT (build-transfer) project took place in Hanoi on June 14. In total the tunnel will be 13.4 kilometres long, with the section underneath Ca pass 3.9 kilometres in length. The project will be … [Read more...]

BUSINESS IN BRIEF 12/10

Donors urge quality public investment Donors called on Vietnam to restructure public investment to foster quality growth at a workshop in Hanoi on October 4. While examining the Ministry of Planning and Investment (MPI)'s five-year socio-economic development draft, most donors supported the country's projected annual growth rate of 6.5 percent in the next five years instead of 7 percent. They said the reasonable rate would enable Vietnam to improve social protection policies, increase basic … [Read more...]

BUSINESS IN BRIEF 9/10

CEOs learn risk management lessons Economic risks including high inflation and interest rates, together with unpredictable monetary policies, are among the risks faced by CEOs of Vietnamese firms, experts say. Risks were defined as uncertain future events that could influence the achievement of a company's strategic, operational, financial and compliance objectives, they said at a seminar held last Friday in HCM City. Co-organised by the HCM City Investment and Trade Promotion Centre in … [Read more...]

All not well, admits Vietnam furniture industry

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The booming furniture industry may be stymied by its over-reliance on imported wood, lack of coordination among various players, and the weakening of the dollar, businesses have told Thanh Nien. Foreign guests take a look at Vietnam-made furniture at the 2008 Vietnam International Furniture and Home Accessories Fair mid-March … [Read more...]

Businesses respond to e-customs procedures

Photo for illustration. chinhphu.vn

As many as 28,948 enterprises nationwide, or nearly 93 percent of those conducting import-export activities, have used e-customs service since it was officially launched earlier this year. The procedures were processed by all 34 customs departments across the country during the first two months of the year, according to the General Department of Customs. A total of 696,218 customs declarations were computerised, helping with an import-export volume of 33 billion USD, which accounted for … [Read more...]

BUSINESS IN BRIEF 14/3

Kien Giang pulls plug on projects The southern Kien Giang Province People's Committee has pulled the plug on 11 projects in Kien Luong District following undue delays by the investors in proceeding with them. It has ordered the Department of Planning and Investment to revoke the licences issued for the projects. Le Khac Chi, the department director, said the projects have a combined investment of VND7.2 trillion (US$345.8 million). One of them, which sought to build infrastructure for the … [Read more...]

Cambodia, Vietnam target USD5 billion trade

cambodia-vietnam-target-usd5-billion-trade-993496-exports-to-cambodia-1-100x100

Vietnamese businesses are enjoying more investment opportunities in Cambodia thanks to preferential trade conditions offered by both countries. Vietnam is expected to increase its Cambodian market investments to US$3.2 billion. The value of two-day trade is predicted to hit US$5 billion in 2015. Cambodian Planning Minister Chhay Than says Cambodia is improving conditions for foreign investors, including those from Vietnam. A Vietnam-Laos-Cambodia ministerial meeting has been scheduled for … [Read more...]

Cambodia, Vietnam target US$5bn trade turnover in 2015

cambodia-vietnam-target-us5bn-trade-turnover-in-2015-993041-exports-to-cambodia-1-100x100

(VOV) - Vietnamese businesses are enjoying more investment opportunities in Cambodia thanks to preferential trade conditions offered by both countries. Vietnam, Cambodia enhance economic cooperation Cambodia-Vietnam trade increases Vietnam's Cambodian investment projects success Vietnam is expected to increase its Cambodian market investments to US$3.2 billion. The value of two-day trade is predicted to hit US$5 billion in 2015. Cambodian Planning Minister Chhay Than says … [Read more...]

Cambodia, Vietnam target US$5bn trade

Exports-to-Cambodia%20(1).jpg

(VOV) - Vietnamese businesses are enjoying more investment opportunities in Cambodia thanks to preferential trade conditions offered by both countries. Vietnam, Cambodia enhance economic cooperation Cambodia-Vietnam trade increases Vietnam's Cambodian investment projects success Vietnam is expected to increase its Cambodian market investments to US$3.2 billion. The value of two-day trade is predicted to hit US$5 billion in 2015. Cambodian Planning Minister Chhay Than says Cambodia is improving … [Read more...]

Cambodia, Vietnam target US$5bn trade in 2015

Exports-to-Cambodia%20(1).jpg

(VOV) - Vietnamese businesses are enjoying more investment opportunities in Cambodia thanks to preferential trade conditions offered by both countries. Vietnam, Cambodia enhance economic cooperation Cambodia-Vietnam trade increases Vietnam's Cambodian investment projects success Vietnam is expected to increase its Cambodian market investments to US$3.2 billion. The value of two-day trade is predicted to hit US$5 billion in 2015. Cambodian Planning Minister Chhay Than says Cambodia is … [Read more...]

BUSINESS IN BRIEF 14/3

Kien Giang pulls plug on projects The southern Kien Giang Province People's Committee has pulled the plug on 11 projects in Kien Luong District following undue delays by the investors in proceeding with them. It has ordered the Department of Planning and Investment to revoke the licences issued for the projects. Le Khac Chi, the department director, said the projects have a combined investment of VND7.2 trillion (US$345.8 million). One of them, which sought to build infrastructure for the … [Read more...]

Call to boost trade with Cambodia

Workers produce electric cable for export to Thailand, Laos and Cambodia at Thinh Phat Company in HCM City. Viet Nam and Cambodia are aiming to bring bilateral trade turnover to $5 billion by 2015. — VNA/VNS Photo Van Khanh

HA NOI (VNS)— Bilateral ties in trade and investment between Viet Nam and Cambodia have yet to realise their full potential despite optimistic results during the past years, said Cambodian Planning Minister Chhay Than. The Planning Minister called on both countries to invigorate relations to fulfil the target of increasing Vietnamese investments in Cambodia to US$3.2 billion and reach two-way trade turnover of $5 billion in 2015, he said, adding that Cambodia was improving conditions for … [Read more...]

Cambodia, Vietnam target USD5 billion trade

cambodia-vietnam-target-usd5-billion-trade-993496-exports-to-cambodia-1-100x100

Vietnamese businesses are enjoying more investment opportunities in Cambodia thanks to preferential trade conditions offered by both countries. Vietnam is expected to increase its Cambodian market investments to US$3.2 billion. The value of two-day trade is predicted to hit US$5 billion in 2015. Cambodian Planning Minister Chhay Than says Cambodia is improving conditions for foreign investors, including those from Vietnam. A Vietnam-Laos-Cambodia ministerial meeting has been scheduled for … [Read more...]

Cambodia, Vietnam target US$5bn trade turnover in 2015

cambodia-vietnam-target-us5bn-trade-turnover-in-2015-993041-exports-to-cambodia-1-100x100

(VOV) - Vietnamese businesses are enjoying more investment opportunities in Cambodia thanks to preferential trade conditions offered by both countries. Vietnam, Cambodia enhance economic cooperation Cambodia-Vietnam trade increases Vietnam's Cambodian investment projects success Vietnam is expected to increase its Cambodian market investments to US$3.2 billion. The value of two-day trade is predicted to hit US$5 billion in 2015. Cambodian Planning Minister Chhay Than says … [Read more...]

Cambodia, Vietnam target US$5bn trade

Exports-to-Cambodia%20(1).jpg

(VOV) - Vietnamese businesses are enjoying more investment opportunities in Cambodia thanks to preferential trade conditions offered by both countries. Vietnam, Cambodia enhance economic cooperation Cambodia-Vietnam trade increases Vietnam's Cambodian investment projects success Vietnam is expected to increase its Cambodian market investments to US$3.2 billion. The value of two-day trade is predicted to hit US$5 billion in 2015. Cambodian Planning Minister Chhay Than says Cambodia is improving … [Read more...]