Business news headlines

The garment factory of the Duc Giang Corporation in Long Bien district of Hanoi (Photo: VNA) Hanoi (VNA) – A workshop was held in Hanoi on November 13 to discuss the enhancement of businesses’ engagement through promoting their integrity pledge, which is said to be useful to create a fair and transparent business climate in Vietnam. At this event, certificates were presented to 11 business associations to recognise their commitments to helping build a culture of integrity in business practices in Vietnam. They include six Hanoi-based associations, namely the Vietnam Textile & Apparel Association; the Vietnam Association of Consumer Goods Development; the Hanoi Association of Small and Medium Enterprises; the Vietnam Leather, Footwear and Handbag Association; the Hanoi Business Association; and the Vietnam Pharmaceutical Companies Association. The six others are organisations of Ho Chi Minh City, namely the business association; the rubber – plastic … [Read more...] about Firms encouraged to make integrity pledge to improve business climate

The Vietnamese Government commits to creating favorable ways for Singaporean enterprises to do successful business in Viet Nam and stands ready to listen to their comments, said PM Nguyen Xuan Phuc. PM Nguyen Xuan Phuc (3rd from R) and the Singaporean business delegation, Ha Noi, July 15, 2019 - Photo: VGP/Quang Hieu PM Nguyen Xuan Phuc received a Singaporean business delegation led by the Singapore Business Federation (SBF) and the Singapore Enterprise (ESG) to promote investment and business cooperation in Viet Nam on July 15 in Ha Noi. PM Phuc said that last April, he attended the Viet Nam-Singapore business forum which attracted 700 delegates and witnessed the signing of about US$ 10 billion cooperative agreements. He thanked SBF and ESG for hosting the forum which contributed to promoted economic cooperation. The PM highly praised business operation of Singaporean enterprises in Viet Nam. The Vietnamese Government has always spared no effort to stabilize … [Read more...] about PM receives Singaporean business delegation

General Director of Daeha JSC – Hanoi Daewoo Hotel, Lê Đức Phong, accepted the trophy from Deputy Prime Minister of the Kingdom of Thailand Anutin Charnvirakul. Photo courtesy of Daeha JSC HÀ NỘI — Daeha Joint Stock Company – Hanoi Daewoo Hotel was recently named The Best ASEAN Business in Priority Integration Sector (Tourism Category). The award recognises the hotel’s contribution to the integration between ASEAN businesses, as well as its outstanding performance and presence in Việt Nam and across South East Asia. Speaking at the award ceremony held at the Impact Exhibition Centre, Bangkok, General Director of the Daeha Joint Stock Company Lê Đức Phong said: “The ASEAN Business Award that we were granted has confirmed our hotel’s leading position in the region and beyond. At Hanoi Daewoo Hotel, we always believe in empowering people. We will continue to nourish a young hotelier generation with … [Read more...] about Hanoi Daewoo Hotel receives ASEAN Business Award for Tourism

The number of companies which listed shares or are planning to list shares in 2019 remains very modest. In the first half of the year, only seven companies listed shares at the HCM City Stock Exchange (HSX), nine at the Hanoi Stock Exchange (HNX) and 44 on UpCom. The figures were 23, 11 and 119 companies, respectively, in 2018, and 33, 22 and 268, respectively, in 2017. In the first half of the year, only seven companies listed shares at the HCM City Stock Exchange (HSX), nine at the Hanoi Stock Exchange (HNX) and 44 on UpCom. The figures were 23, 11 and 119 companies, respectively, in 2018, and 33, 22 and 268, respectively, in 2017. Prior to that, HSX also received two companies which moved from HNX and UpCom – Dabaco Vietnam (DBC) and Kosy (KOS). Linh Ha  Framework mooted for stock listing The Politburo recently issued a resolution paving the way for favourable conditions to attract and choose high-quality foreign direct investment into Vietnam.  … [Read more...] about Vietnamese businesses still reluctant to list shares

Workers at a timber export company in Vietnam (Illustrative image. Source: VNA) He talked about the official conclusion of legal review process for the EVFTA and agreement on the bilateral investment protection deal in an interview granted to Vietnam News Agency in Hanoi on June 28 after his recent working trip to Belgium. The minister said at a working session with EU Commissioner for Trade Cecilia Malmstrom in Brussels on June 25, the two sides agreed to divide contents related to investment protection and investor-state dispute settlement (ISDS) into a separate deal called the Investment Protection Agreement (IPA). The EU and Vietnam have completed all contents in preparation for the signing and ratification of the EVFTA and IPA, he said, adding that the legal review process for the two deals has been finalised. Vietnam is striving to complete the final stages to reach the signing of the EVFTA at the end of this year, he said. He noted that up to 99% of EU tariffs will … [Read more...] about EVFTA offers ‘golden’ opportunities for businesses