Today Vietnam Report, in cooperation with VietNamNet newspaper, releases the 2010 VNR500, the ranking of 500 biggest Vietnamese enterprises in 2010. This is for the fourth consecutive year VNR500 is released to recognize the achievements of the Vietnamese business. VNR500 is the result of the research conducted by Vietnam Report with the consultation of domestic and foreign experts headed by Professor John Quelch, Associate Dean of the Harvard Business School. The 2010 ranking revealed some interesting trends. The flare-up of private enterprises Firstly, the enterprises in the state economic sectors, including economic groups, general corporations and enterprises where the state is holding controlling stakes, continue holding high positions in the 2010 VNR500 (46 percent) The state owned economic groups and general corporations rank high not only in the 2010 VNR500, but are also among the 10 Vietnamese biggest enterprises (4 state owned economic groups and 3 general … [Read more...] about Top 500 Vietnamese businesses in 2010 released
Business
Businesses urged to cooperate with Viet Kieu to boost sales overseas
Viet Kieu (overseas Vietnamese), who are mostly distributing Chinese, South Korean and Thai goods, will become the "messengers" of Vietnamese goods, if Vietnamese manufacturers cooperate with them to popularize Vietnamese goods in the world market. According to Nguyen Thanh Son, Deputy Minister of Foreign Affairs, there are 4 million Vietnamese people living in 103 countries and territories. The Overseas Vietnamese Business Association has got 200 members from different countries in the world. Vietnamese sell Chinese goods The four million overseas Vietnamese could have been the important distributors of Vietnamese goods in the world market. However, in fact, the goods that the Vietnamese business community distributes are mostly Chinese, Thai, Turkish and South Korean, not Vietnamese. Having returned to Vietnam when the Ministry of Foreign Affairs opened a forum on the cooperation between Viet Kieu and domestic businessmen to boost export, Pham Ngoc Chu, Chair of the … [Read more...] about Businesses urged to cooperate with Viet Kieu to boost sales overseas
BUSINESS IN BRIEF 20/10
Steel exports to increase 44.5% this year Viet Nam was estimated to export around 1.87 million tonnes of steel and steel ingot this year, a 44.5 per cent increase from 2010 figures, Viet Nam Steel Association chairman Nguyen Chi Cuong said. "This year, export of cold-rolled steel, stainless steel, steel bars and zinc-coated steel sheets all increased significantly in comparison with last year," Cuong said. On special thing, Cuong informed the country imported more than 285,000 tonnes of pig iron this year. "This is strange as Viet Nam has never before exported steel ingot - in previous years. The country has needed to import pig iron to serve domestic production," said Cuong. Giving reasons for the increase in steel exports, Cuong said trade promotion schemes had shown a positive effect. "These programmes have helped companies find partners in foreign countries," Cuong said. Cuong said many foreign-backed steel companies and steel-ingot manufactures based in Viet … [Read more...] about BUSINESS IN BRIEF 20/10
BUSINESS IN BRIEF 21/10
Merkel eyes trade deals in Vietnam, Mongolia Fresh from a crisis meeting with France on the euro, German Chancellor Angela Merkel was due to embark Monday on a visit to Vietnam and Mongolia hoping to push deals on trade and precious raw materials. Ahead of the four-day visit, Merkel, who will be accompanied by top business leaders eyeing up investment opportunities, stressed the need to boost ties between the two fast-growing Asian nations and Europe's top economy. "Vietnam is an emerging country in Asia, has enjoyed fast-paced economic growth in recent years and is increasingly becoming a competitor for large nations like China," Merkel said in her regular podcast over the weekend. A senior government source in Berlin said Merkel would push for the conclusion of a free-trade accord between the EU and Vietnam. Germany "is a very strong supporter" of such a deal, the source said. Nevertheless, Merkel insisted she would not shy away from tackling what Berlin sees as a … [Read more...] about BUSINESS IN BRIEF 21/10
Pharmaceutical firms expand business in Vietnam
Vietnam is emerging as one of the fastest growing economies in the Asia - Pacific region. Like in other emerging markets, the financial burden of falling ill in Vietnam is becoming larger as incomes increase and lifestyles change. Mr. Stephen Walter: "We would like to forge a constructive dialogue and engagement with the government and key local partners in our industry and the healthcare community to promote improved health outcomes for patients. There are vast unmet medical needs in Vietnam, and with it come many challenges in terms of access, affordability and healthcare infrastructure. In that situation, … [Read more...] about Pharmaceutical firms expand business in Vietnam