business

Illustrative image (Photo: VNA)     HCM City (VNS/VNA) - Many Vietnamese companies in supporting industries that can produce high-quality parts are nevertheless struggling to enter large international supply chains or are only able to supply low-value items to them. Dao Huu Huyen, chairman of the board of the Duc Giang Chemicals Group Joint Stock Company, told Thanh Nien newspaper that many companies have good technologies and products but still find it difficult to be a part of international supply chains. Korean and Japanese companies mostly buy parts only from other Korean and Japanese businesses, and only buy raw materials from his company, he said. Tran Tuan Anh, chairman of the board of 19-8 Mechanical Joint Stock Company, also complained about how difficult it is for his company to enter the supply chains of multinational businesses despite its high-quality goods. Its truck spring and leaf spring products have quality certification from the German Institute … [Read more...] about Global supply chains remain out of reach of Vietnamese firms

Illustrative image (Photo: VNA)   Dong Nai (VNA) – The southern province of Dong Nai is completing its transport infrastructure and boosting administrative reform to improve local business climate as a measure to luring more foreign investors. Currently, a series of key transport projects are underway in the locality, including the Long Thanh international airport, and the Dau Giay – Phan Thiet and Ben Luc – Long Thanh highways. According to Ho Van Ha, Director of the provincial Planning and Investment, the province houses 35 industrial parks (IPs), of which 32 have been put into operation with occupation rate reaching 78.5 percent. Dong Nai is home to 1,804 foreign-invested projects worth nearly 33 billion USD from 45 countries and territories, with the Republic of Korea, Taiwan (China) and Japan the top investors. Ha said Dong Nai prioritises high-tech and environmentally friendly projects, while rejecting labour-intensive and low-tech ones. The inflow … [Read more...] about Dong Nai works to create breakthrough in FDI attraction

Billionaire Mai Vu Minh in a meeting with Bosnia and Herzegovina President Milorad Dodik. Hanoi (VNA) - Bosnia-Herzegovina President Milorad Dodik has highly appreciated the efforts of billionaire Mai Vu Minh, the Chairman of the Board of Directors of SAPA Thale group, in promoting the trade and economic relations among Vietnam, Bosnia-Herzegovina and Europe, according to Bloomberg. He pledged to work closely to bring the trade and economic relations among Bosnia-Herzegovina, Vietnam and Europe to new heights. Bloomberg reported that in June 2019, Bosnia-Herzegovina President Milorad Dodik had a meeting with Mai Vu Minh - Chairman of the Board of Directors of SAPA Thale group - on the investment cooperation of Vietnam, Bosnia-Herzegovina and Europe. At the meeting, President of Bosnia-Herzegovina H.E.Mr. Milorad Dodik said: "Bosnia Herzegovina is a stable country, investors are welcome and always receive the full support from the authorities at all levels". These meetings are … [Read more...] about Bosnia-Herzegovina President meets billionaire Mai Vu Minh

Executives of Indian and Vietnamese firms exchange information at the India-Vietnam Business Forum in HCM City on August 21 (Source: VNA) HCM City (VNA) - Trade and investment ties between Vietnam and India are not commensurate with their potential, meaning there is still a lot of room for them to grow, the India-Vietnam Business Forum heard in Ho Chi Minh City on August 21. A 12-member delegation from the Confederation of Indian Industry (CII) led by Joseph Michael Kallivayalil, which is visiting Vietnam to explore opportunities for economic engagement, investment and trade, took part in the forum. Vo Tan Thanh, Director of the Vietnam Chamber of Commerce and Industry (VCCI)’s HCM City branch, said the event, with the participation of leading Indian players in the field of infrastructure construction, information technology, aviation, renewable energy, pharmaceuticals, medical equipment and rubber, is a good opportunity for businesses from the two countries to acquire … [Read more...] about Vietnamese, Indian firms discuss trade, investment

A beach in Nha Trang city, the central province of Khanh Hoa (Photo: VNA) Hanoi (VNA) – Real estate in coastal central localities has proved its attractiveness to both investors and buyers thanks to the booming tourism industry. For the past years, Vietnam has recorded a continuous increase in the number of tourists. Data of the General Statistics Office show that in 2018, the country welcomed 15.6 million foreign arrivals and 80 million domestic travellers, up 2.7 million and 6.8 million respectively from the previous year. The number of foreign visitors continued to grow well in the first seven months of this year, 7.9 percent year on year, to almost 9.8 million. Vietnam hopes to attract about 18 million foreign holidaymakers and serve 85 million domestic tourists this year. The central region, home to many renowned destinations, is increasingly attractive to property investors as the local tourism sector is now in need of better infrastructure. Many insiders said while … [Read more...] about Tourism boom fuels property market in central region