However, the survey also pointed out barriers for German firms in Vietnam including finding necessary market information ( with 54 percent), cultural differences ( with 43 percent) and finding an appropriate local partner and high quality workforce in Vietnam ( with 37 percent). … [Read more...] about German businesses eyeing Vietnam’s health sector
Business
Food processing enterprises see sudden increase in number of orders
Accordingly, most food processing enterprises have been increasing their production capacity to fulfill their orders. The growth rate of the industry is forecast to be above 10 percent this year. Besides, the wave of investment of foreign enterprises has also been gradually increasing. The representative of Acecook Joint Stock Company said that the company has raised its production capacity to around 3 billion packs of instant noodles this year, at the same time, planned to continue to increase to around 4.5 million packs if the demand keeps escalating in the future. As for export, Mr. Mai Hoai Anh, Executive Director – International Sales of the Vietnam Dairy Products Joint Stock Company, said that after participating in the Gulfood Dubai 2020 trade fair, his company has just signed an export contract of milk and dairy products worth US$20 million. This is an opportunity for Vinamilk in particular and the food processing industry of Vietnam in general to promote export to the … [Read more...] about Food processing enterprises see sudden increase in number of orders
Shipping firms in troubled waters as coronavirus hits trade
Vietnam’s biggest shipping firm, Vinalines, is also struggling as shipping activities in China and some other countries have dwindled. Many of its ship are lying idle in ports. … [Read more...] about Shipping firms in troubled waters as coronavirus hits trade
Electronic retailer Nguyễn Kim acquired by Central Group
Central Group on June 7, 2019 obtained control of NKT New Solution and Technology Development Investment JSC and its subsidiaries by “additionally acquiring 51 per cent of the total issued shares” to raise its ownership from 49 per cent to 100 per cent through an indirect subsidiary, CRC said in its financial statement. … [Read more...] about Electronic retailer Nguyễn Kim acquired by Central Group
TIBCO Software opens office in Hà Nội
The office aims to share knowledge with companies in Việt Nam on data management, how to comply with data security and management regulations, as well as how to use changes in overall data management to implement and realise business profits more effectively. … [Read more...] about TIBCO Software opens office in Hà Nội
