Director of international business section

Tung was also elected to become a member of Vietcombank's board of directors for the 2018-2023 term at the bank's extraordinary shareholders' meeting held the same day. Tung, 49, holds bachelor's degrees in economics of international trade and English education, as well as a master's degree in economics of Paris Dauphine University. His career at Vietcombank has lasted 26 years, starting in 1997. He became the bank's office head in 2008, and deputy director of its operation center in 2013. He became the deputy general director of the sales division in April 2019, before becoming deputy general director of the board of management in August 2021. … [Read more...] about Vietcombank names new general director

An international aviation expo (Aero Expo Hanoi) & Vietnam Aviation Forum 2023 is scheduled to take place in Hanoi on March 21, said the Hanoi Department of Industry and Trade at a press conference on January 16. Overview of the press conference (Photo: hanoimoi.com.vn) The expo is expected to attract the participation of more than 120 booths of businesses from 15 territories and countries worldwide, of which about 50 domestic enterprises will put their cutting-edge technologies on display to introduce production capacity, technical infrastructure, and logistics in the aviation industry. During the event, there will be a high-level forum held on the aviation industry’s development and trips to industrial, logistics, infrastructure locations, airports, and high-class vocational training institutions in Hanoi and neighbouring localities. Furthermore, a number of trade exchange activities will also be held to strengthen connectivity among businesses. Tran … [Read more...] about Hanoi set to host International Aviation Expo in March

Resolution 01/2023/NQ-CP continues to emphasise four main tasks in reforming the business environment . (Photo: tinnhanhchungkhoan.vn) Hanoi (VNS/VNA) - Business leaders are calling for increased efforts from government agencies to implement crucial business environment reforms in the coming year. Earlier this month, the Government issued key tasks and solutions to implement the Socio-Economic Development Plan and State budget estimate and improve the business environment and national competitiveness in 2023 under Resolution 01/2023/NQ-CP. As stipulated in the Resolution, before January 20, ministries, sectors and localities must complete the building of programmes, action plans and specific documents. The Ministry of Planning and Investment will report these activities to the Government at the regular Government meeting in January. "Localities and sectors will feel more pressure in implementing all tasks of business environment reform because all actions of … [Read more...] about Enterprises expect more support to reform business environment

Dinh Vu port in Hai Phong (Photo: VNA) Hanoi (VNS/VNA) – The northern city of Hai Phong aims to become a regional and international logistics centre due to its many advantages as a transportation hub for all five types of traffic, including sea, road, air, railway, and inland waterways. This objective is highlighted in the northern city's service sector development project for 2030, with a long-term vision to 2045, including logistics services. The city is also studying to develop a project to establish a free trade zone, considered a breakthrough solution to exploit the best advantages in the logistics sector of Hai Phong. The Politburo's Resolution 45 on building and development of Hai Phong city by 2030, with a vision to 2045 also states that Hai Phong must be built into a national logistics service centre by 2025. "By 2030, it will become a modern international logistics service centre with sea, air, highway and high-speed rail". According to former Secretary of … [Read more...] about Hai Phong aims to become an international logistics centre

Newly-established businesses drop nearly 17% in January (Photo: VNA) Hanoi (VNA) – There were 10,800 newly-registered enterprises with total registered capital of 99.1 trillion VND (4.22 million USD) in January 2023, representing respective decreases of 16.6% and 48.5% over the same period last year. Data from the Business Registration Management Agency under the Ministry of Planning and Investment showed that the average registered capital of a newly established enterprise in the month was only 9.1 billion  VND, down 8.2% month-on-month and 38.2% year-on-year. The agency attributed to the declines to the long New Year and Lunar News Year (Tet) holidays that resulted in less working time. As many as 4,500 businesses increased their capital by 279 trillion VND, while 15,100 enterprises resumed operations, up 146.8% compared to the previous month and down 21.2% from the same period last year. Enterprises withdrawing from the market numbered 43.900, a year on year … [Read more...] about Newly-established businesses drop nearly 17% in January

TOKYO -- Japanese supermarket owner Hiromichi Akiba has built his bustling business through close ties with his neighbourhood - the reason, he says, he can't make the price hikes on his wares that would allow him to give his workers a pay rise. Steep price increases on surging raw materials costs are squeezing Japan's workers, as years of deflation or minimal rises give way to 41-year-high inflation of 4%. And, while major companies are offering raises amid government pressure, many of the small and midsize firms that employ the vast number of Japanese workers cannot keep up. But the situation is especially hard for retail businesses like Akiba's because the cost rises are so widespread that virtually nothing is untouched, preventing pay rises. "The fact is that we are barely making a profit," said the genial 54-year-old, who prides himself on the close ties he's built with the customers in his western Tokyo neighbourhood over the past three decades. "If we were able to pass … [Read more...] about In a Tokyo supermarket, signs of struggle for Japanese business

Trucks carrying products for export to China pass through Kim Thanh International Land Border Gate No. 2 in the northern province of Lao Cai. (Photo: VNA) Hanoi (VNA) – Vietnamese businesses which want to export medicinal herbs to China must submit information about growing areas and packaging establishments to the provincial Departments of Agriculture and Rural Development. The departments were required to report to the Plant Protection Department under the Ministry of Agriculture and Rural Development by April 15, 2023. The Vietnamese authority will the work with the General Administration of Customs of China (GACC) to grant export licences to eligible exporters. According to the Plant Protection Department, GACC has informed it about China’s plan to review the supervision system for exported medicinal herb s and the registration of enterprises which produce, process and preserve medicinal herbs for export to China. To meet the requirements of the Chinese side … [Read more...] about Businesses exporting medicinal herbs to China required to register

Ambassador Le Thi Tuyet Mai , head of the Permanent Mission of Vietnam to the United Nations (UN), WTO and other international organisations in Geneva (Photo: VNA) Geneva (VNA) - The World Economic Forum (WEF) Annual Meeting 2023 will be a chance for Vietnam to share with the international community its vision on common efforts in settling emerging global challenges, as well as Vietnam's policies and experience in international integration and socio-economic development, Ambassador Le Thi Tuyet Mai, head of the Permanent Mission of Vietnam to the United Nations (UN), WTO and other international organisations in Geneva, told Vietnam News Agency on the threshold of the forum. The diplomat said that the event will also offer a chance for Vietnam to call for investment and resources from international organisations, economic groups and investment funds in the world and Switzerland in particular. Ambassador Mai highlighted that amid numerous crises and challenges in the world … [Read more...] about WEF 2023 – Chance for Vietnam to share vision, experience with international community

Do Chi Thanh, former director of Phu Bai International Airport in Thua Thien-Hue Province, north-central Vietnam, on Sunday was sentenced to 15 years and six months behind bars for receiving bribes between 2017 and 2020. The Thua Thien Hue People’s Court also handed down the same prison term on Tran Xuan Long, former chief of the office and accountant of the airport. In addition, Le Van Loc, former deputy director of the airport, and Le Quoc Cuong, former head of the airport’s aviation security division, got respective jail terms of nine and 2.5 yeras. Phung Tuan Duong, another former deputy director of the airport, will be put on probation for three years. All were charged with taking bribes. Meanwhile, Nguyen Van Hien, director of Hoang Phu Thinh Joint Stock Company, the operator of Vang taxis, and Nguyen Tien Duong, director of Thanh Cong Hue Taxi Joint Stock Company, the operator of Thanh Cong taxis, were each sentenced to seven years in jail for giving bribes. Also … [Read more...] about Ex-director of north-central Vietnam airport jailed 15.5 years for taking bribes

Container trucks cross the Kim Thanh 2 international border gate in the northern province of Lao Cai. — VNA/VNS Photo Quoc Khanh As soon as China reopened its border on January 8, business between Viet Nam and China became busy again after a nearly three-year disruption due to the COVID-19 pandemic. Deputy head of the border station based at the Kim Thanh International Bordergate in the northern province of Lao Cai Senior Lieutenant Hoang Minh Du said that from January 8, the volume of goods traded via the border gate increased daily. Particularly, on January 11, the border gate saw 71 trucks carrying goods for export and 158 trucks carrying imported goods. Before the outbreak of the COVID-19 pandemic, about 200 trucks travelled through the border gate daily. However, at the border gate, China still maintains the delivery of import and export goods by specialised drivers who can drive trucks through the border gate from China to Viet Nam and vice versa but the drivers are … [Read more...] about Cross-border business busy after China’s reopening