The US-ASEAN Business Council (US-ABC) launched a conference in Ha Noi on Monday with the largest trade delegation ever sent from the US to Viet Nam in the organisation’s 35-year history. The delegation includes famous names such as Apple, Google, ExxonMobil, Amazon, Microsoft, PepsiCo, GE and Intel. During a brief meeting held on Monday, President of the US-ABC Alexander Feldman said the companies would be participating in an annual business mission that would discuss a wide range of issues and a Health and Life Sciences mission. A workshop on cybersecurity and data privacy will also be part of the week-long programme. The companies will be meeting with the Prime Minister and key members of his cabinet as well as leaders of the State and National Assembly to discuss business issues and policy recommendations. “We have been doing this business mission for nearly a decade. It has been a pleasure to see the country grow; the opportunities increase in Viet Nam and the US … [Read more...] about US largest trade delegation ever visits Viet Nam
Apple world wide developers conference
BUSINESS NEWS IN BRIEF 23/2
Danang to promote investment in hi-tech sectors Employees work at an automobile assembly and manufacturing plant in Danang’s Hoa Khanh Industrial Park in this file photo. Danang’s enterprises are being urged to suggest ideas for attracting investment in hi-tech sectors at an upcoming conference, scheduled for March 1 – PHOTO: VGP The central coastal city of Danang has urged local firms to pose ideas at an upcoming conference, scheduled for March 1, for attracting foreign direct investment (FDI) in sectors leveraging hi-tech applications in the 4.0 era, the Government portal chinhphu.vn reported, citing the municipal People’s Committee. The municipal government on February 20 stated that the city will prioritize receiving FDI capital for the field of hi-tech agriculture to achieve sustainable growth, alongside other hi-tech-deploying sectors. It will also prepare feasible projects to attract investors from Japan, South Korea and the United States, according to … [Read more...] about BUSINESS NEWS IN BRIEF 23/2
BUSINESS NEWS IN BRIEF 30/12
Vietnamese ride-hailing FastGo launched in Myanmar FastGo Viet Nam on Friday officially launched its service in Myanmar, becoming the first Vietnamese firm in the ride-hailing sector to expand its operations to foreign markets. FastGo plans to introduce its services in big cities in Myanmar in 2019, with 2 million users and 100,000 drivers. In addition, it would continue to invest and call for investment to develop new services in the market. It would maintain its competitive advantage of no commission for driver partners and not increasing fares during peak hours or adverse weather conditions. Speaking at the launch ceremony, Nguyen Huu Tuat, FastGo’s general director said with the foundation of global technology and service operation know-how, FastGo would continue to invest to develop new services in Myanmar. “We expect to become a part of Myanmar and a trusted partner,” he added. He said the company chose to launch in Myanmar first as they have a partner – … [Read more...] about BUSINESS NEWS IN BRIEF 30/12
BUSINESS NEWS IN BRIEF 15/8
Over VND96 trillion of G-bonds mobilised The State Treasury of Viet Nam has raised a total of VND96.251 trillion (US$4.13 billion) via auctions of Government bonds at the Ha Noi Stock Exchange (HNX) since the beginning of the year. At an auction this week, the State Treasury mobilised VND3.95 trillion from five-year and seven-year bonds worth VND500 billion each and 10-year bonds and 15-year bonds worth VND2 trillion each. The interest rate of bonds increased slightly. Bonds with 10-year maturity raised VND1.55 trillion with an annual interest rate of 4.53 per cent, up 0.03 percentage points from the previous auction on August 1. A sub-session auction of 10-year bonds drew VND600 billion with the yearly interest rate of 4.53 percent. Those with a 15-year term attracted VND1.2 trillion with an annual interest rate of 4.81 per cent, up 0.03 percentage points in comparison with the rate of the previous auction on July 25, 2018. As much as VND600 million was mobilised … [Read more...] about BUSINESS NEWS IN BRIEF 15/8
BUSINESS NEWS IN BRIEF 4/8
PetroVietnam signs deals on Sao Vang-Dai Nguyet gas field exploitation A series of trade agreements on exploiting the Sao Vang-Dai Nguyet gas field was inked between the Vietnam National Oil and Gas Group (PetroVietnam) and its partners in Hanoi on July 31. The agreements included a gas sales and purchase and a gas supply agreement. The stakeholder participation in the Petroleum Sharing Contract includes the operator Idemitsu Kosan Co Ltd with 43.08 percent; Teikoku Oil (Con Son) Co Ltd, 36.92 percent; and PetroVietnam, 20 percent. Speaking at the signing ceremony, PVN General Director Nguyen Vu Truong Son said the signing of trade agreements achieved after over two years of negotiations among sides involved. He said the event is very significant for the gas filed to turn out the first flow of oil and gas in the third quarter of 2020, with an estimated annual output of 1.5 billion cubic metres of gas and of 2.8 million barrels of crude oil and natural-gas condensate. The … [Read more...] about BUSINESS NEWS IN BRIEF 4/8