Over 100 firms join International Trade Fair of Northwest Region The International Trade Fair of the Northwest Region 2019 opened in Dien Bien Phu city in the northwestern province of Dien Bien on March 30 More than 100 organisations and businesses of Vietnam, China, Laos and Thailand have joined the International Trade Fair of the Northwest Region 2019 that was opened in Dien Bien Phu city in the northwestern province of Dien Bien on March 30. The event, which will run until April 5, has 280 booths introducing goods and services of different localities of Vietnam and foreign firms, along with a trading area and a food court. On display at the fair are manufacturing-mechanical products, machines, industrial and agricultural equipment, office equipment, and handicrafts. Le Van Quy, Vice Chairman of the People’s Committee of Dien Bien province, said that the trade fair is part of the national trade promotion programme which has been approved by the Ministry of Industry and … [Read more...] about BUSINESS NEWS IN BRIEF 2/4
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BUSINESS NEWS IN BRIEF 10/12
Fayfay.com announces strategic partnership with Ho Chi Minh City tourism Hong Kong-based Fayfay.com on December 6 announced that it signed a Memorandum of Understanding (MoU) with the Ho Chi Minh City Tourism Promotion Centre to promote tourism in Vietnam, with a special focus on the city. The MoU was signed by Tran Ngoc Dong Quan, deputy director of the Ho Chi Minh City Tourism Promotion Centre, along with Kingston Lai and Kelvin Wu, the co-founders of Fayfay.com, at Bep Nha Luc Tinh Restaurant in Ho Chi Minh City, in the presence of industry experts and members of the media. “Ho Chi Minh City is an important destination on Fayfay.com and we look forward to partnering with the Ho Chi Minh City Tourism Promotion Centre to showcase the city’s vibrant architecture, rich culinary scene, and authentic local experiences,” said Lai. “We believe strategic joint promotional activities with the Tourism Promotion Centre will enable us to leverage our online platform and … [Read more...] about BUSINESS NEWS IN BRIEF 10/12
BUSINESS NEWS IN BRIEF 1/11
The upcoming Vietnam Digital Economy Forum (VDEF) 2018 will include special sessions which focus on Vietnam’s digital economic perspectives, featuring local and international keynote speakers. The VDEF 2018, whose theme is “Challenges and strategic solutions for small- and medium-sized enterprises (SMEs) in the Fourth Industrial Revolution,” will take place on Thursday, November 1, at the Rex Hotel in District 1, HCMC. The forum is co-sponsored by the Association of Vietnam Scientists and Experts, and Quang Trung Software City, as well as by the HCMC People’s Committee. Some 20 policy makers and leading experts at home and abroad from the digital economy industry, together with 500 guests from ministries, organizations and enterprises, are expected to join this event. The Fourth Industrial Revolution has been impacting the structures that make up the foundations of the global economy and society. Every day, millions of people benefit from innovative products and … [Read more...] about BUSINESS NEWS IN BRIEF 1/11
ASEAN’s financial services sector to outpace more mature market
Illustrative photo (Photo: ASEAN SAS) Jakarta (VNA) – PricewaterhouseCoopers (PwC) has predicted that the financial services sector in ASEAN will outpace that of more mature markets, according to the ASEAN Post. An article on “The future of ASEAN financial services” on the ASEAN Post on September 19 highlighted economic achievements of the Association of Southeast Asian Nations (ASEAN) over the past 20 years. After the financial crisis of 1997 swept across Asia devastating many, including the Southeast Asian community, the ASEAN has strived to pull itself back together and has since flourished as an economy, the article said. The bloc now has a combined GDP of 2.4 trillion USD and is collectively the third fastest growing Asian economy after China and India. The financial crisis that damaged the region has proven to be a blessing in disguise, it reads, with most countries going on to build strong foundations for economic growth. One such driver of growth is … [Read more...] about ASEAN’s financial services sector to outpace more mature market
BUSINESS NEWS IN BRIEF 20/8
Deutsche Bank appoints new chief country officer for Vietnam Deutsche Bank has just announced the appointment of Hans-Dieter Holtzmann (49) as chief country officer and head of Global Transaction Banking (GTB) in Vietnam, effective from August 16, 2018. In his capacity as chief country officer, Holtzmann will report to Werner Steinmueller, member of the Management Board and APAC Head of Deutsche Bank, and in his GTB capacity, to Kaushik Shaparia, head of Global Subsidiary Coverage, GTB Foreign Exchange and Corporate Cash Management for Asia. Announcing the appointment, Steinmueller said, “We are pleased to have a colleague of Hans-Dieter’s caliber in this role. As one of our key markets in Southeast Asia, our Vietnamese franchise has shown profitable growth and we are excited about the country’s outlook. This is why last year we significantly increased our capital base in this market, providing the bank with more resources to support our clients’ … [Read more...] about BUSINESS NEWS IN BRIEF 20/8