Social News 26/11

VN trade, labor to get legal lookover Changes and updates to the current Labour Code and Trade Union Law and their impact on business operations will be discussed at a conference in HCM City next week. Ho Xuan Lam, deputy director of the Investment and Trade Promotion Centre of HCM City (ITPC), said: "FDI firms usually have a large number of employees, therefore it is very important for them to understand the Viet Nam's labour law to help build harmonious and stable labour relations, befitting … [Read more...]

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VNPT companies split to improve management

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VietNamNet Bridge – Vietnam Posts and Telecommunications Group (VNPT) could be split into three corporations to save on operating costs and improve corporate governance. At the October meeting of the Ministry of Information and Communications (MIC), Tran Manh Hung, VNPT’s general director, said the company’s board members have submitted the plan to set up the three corporations and was waiting for the ministry to assess the proposal and pass it on to the prime minister. … [Read more...]

Impact of Amended Investment Law and Tax Policies on FDI Attraction

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The seminar "Impacts of Amended Investment Law and Tax Policies on Foreign Direct Investment Attraction" held recently in Hanoi by the Vietnam Chamber of Commerce and Industry (VCCI) and the Business Forum Newspaper attracted more than 300 representatives from business associations and foreign-invested companies. The workshop aimed to clarify fundamental changes in the new Law on Investment, changes in foreign investment attraction, especially tax incentives, the consistency of tax policies and … [Read more...]

Sustainable homestay tourism taking shape

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(VOV) - The escalating number of international tourists visiting Vietnam over recent years has motivated almost every ethnic group to set up their own homestay and this type of tourism is rapidly gaining in popularity. … [Read more...]

BIDV establishes work group in Russia

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(VOVworld) – The Bank for Investment and Development of Vietnam (BIDV) has established a work group in the Russian market prior to the visit by Party leader Nguyen Phu Trong. The group will help to promote investment and trade between Vietnam and Russia to match their potential and comprehensive strategic partnership. In his address, Vietnamese ambassador to Russia Nguyen Thanh Son stressed the importance of the group in the context of growing economic and trade ties between Vietnam … [Read more...]

PM pledges to facilitate German investors in Vietnam

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Prime Minister Nguyen Tan Dung addresses the Asia-Pacific Conference of German Business in Ho Chi Minh City on Friday … [Read more...]

Social News 22/11

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Experts: VN should not limit motorbikes … [Read more...]

German businesses consider Vietnam attractive destination

The Hanoitimes - Vietnam is an attractive market for German investors as more than 500 businesses from the European country are seeking Vietnamese garment and footwear suppliers. On November 20, Germany’s TUV SUD Group and the Ho Chi Minh City Union of Business Associations (HUBA) signed a memorandum of understanding on further collaboration in many fields including electronics, medical equipment and food industry. TUV SUD, which specialises in quality testing, evaluation and … [Read more...]

Vietnam keen to modernise agriculture sector

Vietnam's agriculture sector is keen on promoting advanced agricultural technologies, leaving huge investment opportunities for foreign investors, the Vietnam Investment Review reported. Germany's BASF, the world's leading chemical company, launched its crop protection business in Vietnam last year as part of their efforts to boost yields per hectare, control weeds, and improve crop quality. BASF has now introduced its products throughout Vietnam. Germany's Bayer CropScience is also active … [Read more...]

EU pours USD 19 billion into Vietnam

Photo for illustration. Photo: Vietnam+

The capital city of Hanoi ranked first in the nation in attracting investment from European Union countries, with 357 projects worth USD 3 billion, according to the Foreign Investment Agency (FIA). EU investors have funded projects in 52 provinces and cities, focusing on Ba Ria-Vung Tau, Quang Ninh and Dong Nai as well as Hanoi and Ho Chi Minh City. The agency reported that 23 out of the EU's 28 member states had invested nearly USD 19 billion in Vietnam with 1,535 valid projects as of October … [Read more...]

EU pours $19 billion into Vietnam

Technicians checked Nam Con Son gas pipeline - one of large projects in Vietnam with investment from the EU (Photo: VNA)

The capital city of Hanoi ranked first in the nation in attracting investment from European Union countries, with 357 projects worth 3 billion USD, according to the Foreign Investment Agency (FIA). EU investors have funded projects in 52 provinces and cities, focusing on Ba Ria-Vung Tau, Quang Ninh and Dong Nai as well as Hanoi and Ho Chi Minh City. The agency reported that 23 out of the EU's 28 member states had invested nearly 19 billion USD in Vietnam with 1,535 valid projects as of … [Read more...]

EU pours 19 billion USD into Vietnam

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Technicians checked Nam Con Son gas pipeline - one of large projects in Vietnam with investment from the EU (Photo: VNA) … [Read more...]

Sci-tech Minister commended for ‘bravery’ for testing underwater vehicle

Hoa Binh ship.

VietNamNet Bridge - National Assembly Chairman Nguyen Sinh Hung applauded Minister of Science, Technology and Natural Resources Nguyen Quan's bravery for testing a homemade underwater vehicle named Hoa Binh at the Q&A session yesterday. Deputy Nguyen Ngoc Bao asked Minister Nguyen Quan's views about the fact that some farmers had invented airplanes and submarines. Quan said he was very interested in the invention of farmers and those with creative energies could work with state agencies … [Read more...]

EU pours US$19bil into Vietnam

The capital city ranked first in the nation in attracting investment from European Union countries, with 357 projects worth US$3 billion, according to the Foreign Investment Agency (FIA). EU investors have funded projects in 52 provinces and cities, focusing on Ba Ria-Vung Tau, Quang Ninh and Dong Nai as well as Hanoi and HCM City. The agency reported that 23 out of the EU's 28 member states had invested nearly US$19 billion in Vietnam with 1,535 valid projects as of October 20. The … [Read more...]

EU pours $19b into Viet Nam

Technicians checked Nam Con Son gas pipeline - one of large projects in Viet Nam with investment from the EU. The block invested nearly $19 billion in Viet Nam as of October 20. - VNA/VNS Photo The Anh

HA NOI (VNS) -The capital city ranked first in the nation in attracting investment from European Union countries, with 357 projects worth US$3 billion, according to the Foreign Investment Agency (FIA). … [Read more...]

Mammoth project in Soc Trang

An artist impression of the Long Phu 2 thermal plant in Soc Trang

By Tran Huu Hiep & staff writers Designed to have total capacity of 1,320MW, Long Phu 2 thermal power plant is slated to be operational in 2019. The project is one of the three thermal power plants of the Soc Trang Electricity Center. Long Phu 2 previously belonged to Song Da Corporation. However, this investor had to withdraw due to financial constraints. Meanwhile, the 1,200-MW Long Phu 1 plant invested by Vietnam National Oil and Gas Group will be put into operation next year. … [Read more...]

MobiFone equitization attracted a lot of foreign investors

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The Hanoitimes - MobiFone is one of the three largest mobile networks in Vietnam. MobiFone shares have been added to the portfolios of many foreign institutional investors. In early August, a representative of Sweden's Comvik met with the leaders of the Ministry of Information and Communication, expressing willingness to become a strategic partner of the equitized MobiFone after 15 years of cooperating with MobiFone under a business cooperation contract. The Swedish telco said that it would … [Read more...]

Thai billionaire to acquire Vietnamese beer, milk manufacturers

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VietNamNet Bridge - Thailand billionaire Charoen Sirivadhanabhakdi, who recently bought Metro Cash & Carry, a German distributor in Vietnam, is moving ahead with a plan to buy Sabeco, a brewery, and Vinamilk, a dairy producer. … [Read more...]

Social News 17/11

Newspaper fined for inaccuracy The Ministry of Information and Communications' Deputy Chief Inspector, Do Thi Tinh, has decided to fine the Dan Viet online newspaper VND 15 million (US$714) for publishing inaccurate information. The story in question, "The world's most magnificent presidential palaces," was carried on November 2. The paper could appeal or contest the decision, the ministry said. The Information and Communication Ministry this year has issued fines on a large number of online … [Read more...]