Viet Nam News HCM CITY — Many Vietnamese firms are set to participate in the 2018 Selangor International Business Summit (SIBS) in Malaysia to exchange information and seek business opportunities, a meeting heard in HCM City on April 16. To be held from September 6 to 16 at the Malaysia International Trade and Exhibition Centre in Kuala Lumpur, it will feature three main events – the 2018 Selangor International Expo, the 2018 Selangor-Asean Business Conference, and the 2018 Selangor Smart City and Digital Economy Convention. Dato’ Hasan Azhari Haji Idris, CEO of Invest Selangor Berhad, the event’s organiser, said amid the current global economic situation it was imperative for ASEAN members to operate as a united community and support each other. As the gateway to ASEAN, Selangor would act as a centre point that hosts and connects a rich network of trade industry players globally by leveraging a solid platform like SIBS, he said. Sofian Akmal Abd. … [Read more...] about VN firms to exploit Malaysia opportunities
Halal industry development corporation
Malaysia emerges as halal hub
Malaysia emerges as halal hub (13-05-2008) By Mai Phuong KUALA LUMPUR — Malaysia is the prime mover in setting new halal standards for application globally, the annual World Halal Forum (WHF) heard yesterday. The two-day international forum, which wraps up today, was held under the theme "Sustained Development Through Investment and Integration" and hosted in Malaysia's capital Kuala Lumpur. The WHF is a gathering of global brands and corporations who meet to discuss the halal food and non-food industry (such as financial services, pharmaceuticals and cosmetics). Over 1,200 participants from 50 countries attended the event. Halal meat has been set as a standard for safety and quality in Malaysia since the government recognised it as a global brand as early as 2004. Malaysian Prime Minister Abdoullah Bin Haji Ahmad Badawi said establishing Malaysia as a "global halal hub" had been the aim of the Malaysian Government for many years. "In this regard, the establishment of the Halal … [Read more...] about Malaysia emerges as halal hub
Mondelez Kinh Do ready for a strong tet campaign
The year is drawing to a close and companies in all sectors, especially confectionery, are in a race to stimulate the year-end festive season consumption. Mondelez Kinh Do, a subsidiary of Mondelēz International, seeks to advance its advantage and conquer the Tết market. The company’s CEO, Stephane Gripon, talks about plans for this peak season.There are only two months left for Tet. How does the New Year snack and cake market look this time?Everyone knows that Tet is the peak season for fast-moving consumer goods (FMCG), including biscuits and cakes. The snack market is also growing faster than the GDP and consumer goods segment growth rates. The Biscuit and Cake market will close the year 2017 with double digit growth.Tet is very important because the gifting occasion contributes 40 per cent of Biscuits and Cake Pie revenue in urban market (includes 4 key cities: Ha Noi, HCM City, Da Nang, Can Tho); contributes 51 per cent of Biscuits and Cake Pie revenue in rural … [Read more...] about Mondelez Kinh Do ready for a strong tet campaign
BUSINESS IN BRIEF 13/12
Danang unveils plan to develop e-city project Danang City has just approved a plan to develop the e-city model in the central coast city, targeting to become a modern e-city by 2020. Under Decision 10401 issued on Monday, the city's Government is determined to apply information technology (IT) in all fields. The project will be implemented in two phases with six main tasks, including an e-city model and an overall legal frame for such tasks, IT application models among enterprises and the community, and IT infrastructure improvement among others. In the first phase from 2012 to 2015, Danang will set up foundations for IT infrastructure and human resources development. For the second phase that follows up to 2020, the city will finish the connection among models of e-government and social and economic agencies and organizations with the contribution of IT as the spearhead economic sector. According to the local authority, following the model will help improve the position and … [Read more...] about BUSINESS IN BRIEF 13/12
BUSINESS IN BRIEF 9/12
Vietnam-world's most dynamic bank card market Vietnam is considered the most dynamic market for banking cards with an annual growth rate of 18.5 percent until 2014, announced the US-based Research and Markets company. The assessment was made at the 2011 ASEAN Banker Forum, jointly held by the International Data Group (IDG), the State Bank of Vietnam (SBV), and the Vietnam Banking Association and Deposit Insurance of Vietnam, in Ho Chi Minh City on December 7. The number of payment cards in Vietnam, which are widely accepted at more than 12,000 ATM and 50,000 POS nationwide, has more than doubled from14,7 million in 2008 to 33 million this year. Meanwhile, 20 banks utilize internet banking and 8 banks offer mobile banking services, according to the SBV. Karolyn Seet, an analyst at Moody's Investors Service in Singapore, said Vietnam has great potential for developing the retail credit market retail banking expected to grow at 30-40 percent. The forum featured one keynote … [Read more...] about BUSINESS IN BRIEF 9/12