Representatives of NCB and Quảng Nam Business Association sign the co-operation agreement. — Photo courtesy of NCBViet Nam News QUẢNG NAM — The National Citizen Commercial Joint Stock Bank (NCB) on Friday signed agreements with the Business Association of Quảng Nam Province and VN Đà Thành Group to strengthen co-operation and expand business activities. This is one of NCB’s steps in the process of expanding market share, reaching new customers, as well as bringing the lender’s products and services to meet the needs of domestic and foreign partners. Speaking at the signing ceremony, NCB’s deputy general director Nguyễn Đình Tuấn said the bank would accompany Quảng Nam Business Association to promote trade connection and sponsorship activities in the central region and Đà Nẵng City. In addition, NCB would also support customers who have production facilities in Chu Lai, … [Read more...] about NCB strengthens co-operation, expands business activities
Expand business internationally
NutiFood expands business to Sweden By Le Hoang Board Chairman of NutiFood Corporation Tran Thanh Hai (L) shakes hands with Erik Paulsson, chairman of Backahill Company, after signing a cooperation agreement on September 11 – PHOTO: LE HOANG HCMC – NutiFood Corporation and the Swedish-based Backahill Company today, September 11, signed a memorandum of understanding (MoU) to jointly produce dairy products and nutritious organic foods in Sweden, which will be supplied to markets in Europe and Asia. The MoU allows the two companies to set up a 50-50 joint venture, whose total investment capital is not disclosed. According to a source at NutiFood, the joint venture project could be worth tens of millions of U.S. dollars. The purpose of the venture is to take advantage of each other's strengths. NutiFood is one of the leading companies producing dairy products and nutritious organic foods, while Backahill has a deep understanding of the international market and can help … [Read more...] about NutiFood expands business to Sweden
Deputy PM Vuong Dinh Hue meets members of the American Enterprise Institute (AEI), the U.S., June 27, 2018 - Photo: VGP/Thanh Chung Deputy PM Hue attended the dialogue with the U.S. businesses organized by the American Enterprise Institute (AEI) and the U.S.-Asia Institute and held a working session with members of the U.S.-ASEAN Business Council (US ABC). At the AEI, the Deputy PM discussed Viet Nam’s diplomatic guideline, macro-economic policies, growth and economic restructuring as well as updated the Vietnamese Government’s mechanisms and models to attract more private investment. He agreed that Viet Nam, the U.S. and other nations in the Asia-Pacific are sharing benefits from maintaining a peaceful, sustainable and prosperous environment in the region where safety, security and freedom of navigation and aviation is respected based on international laws. Scholars and researchers from the AEI highly appraised Viet … [Read more...] about U.S. large corporations expects to expand business in VN
Vietnam’s policy on tightening car import regulations under Decree 116 may be the main reason behind foreign car makers' decision to expand production in Vietnam. The Toyota automotive plant in Vinh Phuc province. Source: toyotavinhphuc.info Most recently, Toyota Vietnam proposed the Vinh Phuc People’s Committee to rent 9.1ha of land in Phuc Yen city to expand its automobile manufacturing plant, raising its annual capacity from the current 50,000 to 90,000 units by 2023. Accordingly, the total capital for this expansion is about $40 million. Toyota’s move is supposed to be the result of Decree No.116/2017/ND-CP, which introduced many strict conditions and regulations about importing cars, which came into effect early this year. Not only Toyota, but Ford and Hyundai are also planning to expand production scale in Vietnam due to the decree. According to the Vietnamese government, Decree 116 aims to boost the development of the country’s automobile … [Read more...] about Decree 116 moves foreign car makers to expand production in Vietnam?
Vietnam is exporting tea mainly in the form of raw materials. In an effort to increase tea export value, both farmers and businesses in the northern province of Thai Nguyen, the country’s largest tea producer, are seeking to develop brand names for their products. Mr Nguyen Duc Trong, owner of a tea workshop in Thai Nguyen province, has been working hard to promote his products. Trong’s goal is to develop a tea brand and seek outlets for products. After many attempts, he realized that it was very hard for tea farmers to create brands for their products. “We have planned to create a brand name for our products. However, this is a lengthy and costly process so we have to seek distributors instead,” said Trong. For local farmers in Thai Nguyen province, brand development is a nearly impossible mission. For local businesses, the task is also considered very hard. Soil condition makes Thai Nguyen tea one of the best … [Read more...] about Businesses, farmers struggle to develop tea brands