The Vietnam-Angola Business Forum, themed "New Partners for Development" took place at Media Hotel, Hanoi on February 16. The event was hosted by the Vietnam Chamber of Commerce and Industry (VCCI) in collaboration with the Angolan Embassy in Vietnam. Vietnamese Vice President Nguyen Thi Doan and Angolan Vice President Fernando Dias Dos Santos chaired and delivered speeches to the meeting. Vice President Fernando Dias Dos Santos said Angola would do its best to promote the effective bilateral cooperation. Angola will create the most favourable conditions for Vietnamese companies to do business and for Vietnamese people to live and work. Meanwhile, Vice President Nguyen Thi Doan stressed that both Vietnam and Angola are open markets with great potential, providing good opportunities for businesses from both countries to develop their markets in the coming years. Vietnam will do its utmost to further promote political and economic relations with Angola. The forum witnessed an … [Read more...] about Vietnam – Angola Business Forum 2012 Opens in Hanoi
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BUSINESS IN BRIEF 21/2
Restructuring of State-run firms faces challenges Restructuring of a number of State-owned enterprises has been delayed due to problems of redundant workers, collecting past-due debts and writing down losses, said deputy head of the Government Office and vice chairman of the Steering Committee on Business Renovation and Development, Pham Viet Muon. Muon told a meeting held here Wednesday by the Government Office and the World Bank that the process of equitising State-owned enterprises (SOEs) has slowed in the past five years. He said the Government has requested economic groups to submit restructuring plans by March of this year which would be focused on key lines business and plan for divestment from non-core business fields such as banking, real estate development, insurance and securities before 2015. Equitisation of companies was expected to be completed before 2020. Once operations were totally focused on key lines of business, with improved corporate governance, … [Read more...] about BUSINESS IN BRIEF 21/2
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Vietnam-Angola Business Forum opens in Hanoi
Vietnam and Angola are promising open markets and the Vietnam-Angola Business Forum is an opportunity for the two countries' businesses to develop their markets in coming years, said Vice State President Nguyen Thi Doan. Addressing the forum, themed "New Partners for Development" that took place in Hanoi on Feb. 16, Vice President Doan said Vietnam will exert its utmost to beef up the two countries' economic and political relations, facilitate cooperation between the two countries' businesses and act as an efficient bridge for the two economies to bring their strengths into play. Angolan Vice President Fernando Dias Dos Santos said Angola defines agriculture as its key goal, with cereal and breeding and processing industries. Angola is creating an attractive investment environment for private and public investors, said the Angolan Vice President, expressing his belief that through the establishment of partnerships, cooperation between Vietnamese and Angolan businesses will see new … [Read more...] about Vietnam-Angola Business Forum opens in Hanoi
VN to facilitate ties with Angola
HA NOI — Viet Nam would create more favourable conditions for Vietnamese and Angolan enterprises to foster co-operation and strengthen bilateral relations in the time ahead, said Vietnamese Vice President Nguyen Thi Doan at a business forum yesterday. Viet Nam and Angola were both open markets with untapped potentials for the two countries' enterprises to expand their businesses, Doan said. Angolan Vice President Fernando Dias Dos Santos spoke highly of the business community's contribution to economic development in Angola, saying that new partnerships to be established between enterprises from the two countries in the near future would help bring co-operation to a new height. Bilateral relations, especially in trade and investment, have experienced encouraging growth rates over the past years, said the Viet Nam Chamber of Commerce and Industry chairman Vu Tien Loc. Two-way trade last year reached US$100 million, and included Vietnamese exports such as rice, garments, footwear, … [Read more...] about VN to facilitate ties with Angola
A PetroVietnam Presence in Sudan and Angola
A PetroVietnam (PVN) workgroup recently visited Sudan and Angola to meet with representatives of the ministries, sectors and the national petroleum corporations in an effort to expand PVNs investment in these countries. In Sudan, the PVN workgroup met the leaders of the Sudan National Petroleum Corporation (Sudapet) and the Sudan National Petroleum Administration. They also spoke with the Minister of Foreign Affairs and the Minister of Energy and Mining cum chairman of Sudapet. Sudans ministers and partners spoke highly of the relationship that exists between the two countries which has been strengthened through visits by high-ranking officials of Vietnam and Sudan. At the head office of Sudapet in the capital city of Khartoum, PVN signed an agreement with Sudapet which will make it possible for PVN and Sudapet to expand petroleum exploration/extraction activities in Sudan, Vietnam and third countries. The two parties agreed to discuss contract details in January 2010 in Sudan. Sudans … [Read more...] about A PetroVietnam Presence in Sudan and Angola
VN-Angola Business Forum convened in HN
VGP - Việt Nam-Angola Business Forum was held in Hà Nội on February 16 to boost trade and investment cooperation between the two countries. Việt Nam will do its utmost to further promote political and economic relations with Angola and create the best conditions for businesses from the two countries to cooperate with each other, said Vice State President Nguyễn Thị Doan. Ms. Doan emphasized that both Việt Nam and Angola are open markets with great potential, providing good opportunities for businesses from both countries to develop their markets in the coming years. Angolan Vice President Fernando Dias dos Santos said his country considers agriculture a key sector, producing cereals and livestock for the processing industry. Its economy is gradually rebounding, so the country is creating an attractive environment for public and private investments, as well as devising measures and legal tools for strong economic growth. Mr. dos Santos expressed his hope that Angolan businesses will … [Read more...] about VN-Angola Business Forum convened in HN
Vietnam and Angola to boost trade cooperation
PANO - A Vietnam-Angola Business Forum took place in Hanoi on February 16th on the official visit to Vietnam by Angolan Vice-President Mr Dias dos Santos. Addressing the event, Vietnamese State Vice-President, Nguyen Thi Doan, affirmed Vietnam's stance in continuing to integrate into the world economy and welcome foreign businesses' trade investments, including those from Angolan. Vietnam and Angola had traditional trade relations. However, cooperation between two nations' firms failed to exploit all their potential and live up to the two governments' expectation. In fact, Angola is a potential market for Vietnamese products. Vietnam can meet the Angolan demand for rice, garments, footwear and machinery. Moreover, a community of Vietnamese residents in Angola is an advantage for Vietnamese businesses to penetrate into the local market. The long-standing friendship and cooperation between Vietnam and Angola is a bridge to promote bilateral comprehensive cooperation, said … [Read more...] about Vietnam and Angola to boost trade cooperation
Vietnam-Angola Business Forum opens in Hanoi
Vietnam and Angola are promising open markets and the Vietnam-Angola Business Forum is an opportunity for the two countries’ businesses to develop their markets in coming years, said Vice State President Nguyen Thi Doan. Addressing the forum, themed “New Partners for Development” that took place in Hanoi on Feb. 16, Vice President Doan said Vietnam will exert its utmost to beef up the two countries’ economic and political relations, facilitate cooperation between the two countries’ businesses and act as an efficient bridge for the two economies to bring their strengths into play. Angolan Vice President Fernando Dias Dos Santos said Angola defines agriculture as its key goal, with cereal and breeding and processing industries. Angola is creating an attractive investment environment for private and public investors, said the Angolan Vice President, expressing his belief that through the establishment of partnerships, cooperation between Vietnamese and … [Read more...] about Vietnam-Angola Business Forum opens in Hanoi
Vietnam-Angola Business Forum opens
Vice State President Nguyen Thi Doan made the commitment at the Vietnam-Angola Business Forum held in Hanoi on February 16, with the aim of further fostering trade and investment cooperation between the two countries. Ms Doan emphasized that both Vietnam and Angola are open markets with great potential, providing good opportunities for businesses from both countries to develop their markets in the coming years. Angolan Vice President Fernando Dias dos Santos said his country considers agriculture a key sector, producing cereals and livestock for the processing industry. Its economy is gradually rebounding, so the country is creating an attractive environment for public and private investments, as well as devising measures and legal tools for strong economic growth. Mr dos Santos expressed his hope that Angolan businesses will build a strong foundation for national economic development, and that bilateral economic cooperation will progress in the near future. Vu Tien Loc, Chairman of … [Read more...] about Vietnam-Angola Business Forum opens
BUSINESS IN BRIEF 21/2
Restructuring of State-run firms faces challenges Restructuring of a number of State-owned enterprises has been delayed due to problems of redundant workers, collecting past-due debts and writing down losses, said deputy head of the Government Office and vice chairman of the Steering Committee on Business Renovation and Development, Pham Viet Muon. Muon told a meeting held here Wednesday by the Government Office and the World Bank that the process of equitising State-owned enterprises (SOEs) has slowed in the past five years. He said the Government has requested economic groups to submit restructuring plans by March of this year which would be focused on key lines business and plan for divestment from non-core business fields such as banking, real estate development, insurance and securities before 2015. Equitisation of companies was expected to be completed before 2020. Once operations were totally focused on key lines of business, with improved corporate governance, equitisation … [Read more...] about BUSINESS IN BRIEF 21/2
