Japanese market

People enter and exit the AVIVA headquarters building in Dublin. Photo by Reuters/Cathal McNaughton. German insurer Allianz and Japanese insurers Nippon Life and MS&AD Insurance, among several others, are vying to buy the Singapore and Vietnam businesses of Britain’s Aviva in a deal estimated to be worth $2-2.5 billion, Reuters reported recently. It quoted sources as saying the talks are in an early stage and terms could change, and Canada’s Sun Life Financial and Manulife Financial Corp are also among around half a dozen suitors. Aviva had originally entered Vietnam in 2011 by establishing a 50:50 joint venture with state-owned lender Vietinbank, one of Vietnam’s three biggest banks by assets, called Vietinbank Aviva Insurance. In April 2017 Aviva acquired VietinBank’s 50 percent stake, renamed it Aviva Vietnam Life Insurance Company Ltd, and signed an exclusive 18-year deal to distribute its life insurance products through VietinBank's … [Read more...] about Insurance market attracts plenty of foreign interest

Vietnamese workers learn Japanese before working in Japan. (Photo: VNA) Hanoi (VNA) – Japan remained the largest market for Vietnamese guest workers in the first nine months of 2019, according to the Department of Overseas Labour under the Ministry of Labour, Invalids and Social Affairs (MoLISA). In January-September, the total number of Vietnamese employees working abroad was 104,615, including 35,815 female workers, reaching 87.2 percent of the yearly target. Japan received the largest number of Vietnamese workers with 53,610, including 20,250 females, followed by China’s Taiwan 41,174, the Republic of Korea 5,898, Romania 1,103, Saudi Arabia 817, Macau 324, and Malaysia 304. Deputy head of the Department of Overseas Labour Nguyen Gia Liem said Taiwan and Japan are traditional labour export markets of Vietnam. Japan is the most potential at present thanks to good wages and numerous opportunities for skilled workers, he added. In 2018, close to 70,000 Vietnamese … [Read more...] about Japan continues to be largest market of Vietnamese workers

In a joint statement issued after their talks and the signing of the document on the sidelines of the 74th session of the UN General Assembly in New York (US), the leaders affirmed that the two countries have reached a bilateral trade agreement on reducing tariffs on agricultural and industrial goods. At the same time, they agreed to curb actions that run counter to the spirit of initial commitments, while striving to work out solutions to the tax-related disagreements and continuing to conduct consultations to reach a comprehensive deal within the next few months. Under the “initial-phase” agreement, Japan will reduce tariffs on US$7 billion worth of agricultural goods imported from the US, including beef, pork, wheat and buckwheat. In return, the US will reduce taxes on US$40 million of agricultural products and loosen the duty-free quotas on Japanese beef imports. Notably, the text of the agreement contained no explicit assurances, but the Japanese side received the … [Read more...] about Newly signed deal eases US-Japan trade tensions

Netland Real Estate JSC’s representative office inaugurated in Japan on Thursday. The company hopes to both sell its developments to Japanese investors and Japanese properties to Vietnamese. — Photo courtesy of NetlandViet Nam News HCM CITY — Property developer Netland Real Estate JSC opened a representative office in Tokyo on March 28, a step in the company’s plans to expand into the international market to attract investment into its projects in Việt Nam. The office will introduce the company’s real estate projects to partners and investors in Japan, and hopes to attract especially individual investors to the real estate, particularly the tourism property segment in Việt Nam. It is also collaborating with local real estate trading floors and companies to sell its products there and also Japanese products to Vietnamese. At the opening ceremony, the company introduced 16 projects that it solicits investment and its ongoing projects, … [Read more...] about Property company Netland opens office in Japan

Drinks being served on a Vietjet flight. — VNS PhotoViet Nam News HCM CITY — Vietjet will offer discounted tickets priced from zero dollars every Wednesday from now until April 24 at www.vietjetair.com to celebrate the newest route between HCM City and Tokyo. The fares apply for all routes between Việt Nam and Japan, including Hà Nội/HCM City-Osaka and Hà Nội/HCM City-Tokyo. The travel period is from April 1 to December 31. The HCM City-Tokyo route will operate daily return flights from July 12, lasting around six hours per leg. The flight departs from HCM City at 12:05am and arrives at Tokyo at 8am (local time). The return flight takes off from Tokyo at 9am (local time) and lands in HCM City at 1:05pm. With beautiful beaches and resorts, world heritage sites and modern cities, Việt Nam is an ideal destination for Japanese tourists and Japan is among the 10 leading markets for Việt Nam’s hospitality sector. Last … [Read more...] about Vietjet offers promotional tickets to mark new route to Tokyo