Vietnamese Minister of Planning and Investment Vo Hong Phuc and his Lao counterpart Sinlavong Khoutphay Theun listened to a variety of concerns raised by investors, such as a lack of information and the conflicting interests among shareholders. Many investors failed to adjust their investment strategies in a timely manner because of the lack of legal and market information that had been made available about policy changes and socio-economic development. Capital and workforces shortages were also significant reasons for project delay, investors complained. Despite all these difficulties, however, Vietnamese investors expressed their strong confidence in the business opportunities available in Laos. Viet Nam emerged as the top foreign investor in Lao in 2008-09, injecting about US$2.1 billion in more than 200 projects in the country. Major projects have made contributions to Lao's socio-economic development, including the hydro-electric plant Secaman III, and a rubber planting and … [Read more...] about Firms boost Laos investments
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Demand for legal advisory services forecast to grow this year Quang Chung By Quang Chung - The Saigon Times Daily HCMC – Demand for legal advisory services is expected to go up this year, supported by higher economic growth and the free trade agreements (FTA) Vietnam has signed and will sign with partners. Le Thanh Kinh, head of Le Nguyen law office, said more enterprises in the banking, manufacturing and service sectors have come to his office to seek advice on labor issues. Kinh described the upsurge in the number of companies seeking legal advice on labor issues as an interesting phenomenon. Kinh reasoned that Vietnam’s further international integration has forced firms to improve their competitiveness, so they need to fire ineffective staff and recruit qualified employees. That is why they seek advice on labor regulations in Vietnam. Vietnam has struck FTAs with other ASEAN countries, Australia and New Zealand; the Eurasia Economic Union (EAEU) and is expected to … [Read more...] about Demand for legal advisory services forecast to grow this year
(VOV) - The Vietnam Embassy and French partners co-hosted a seminar examining ways to run business in France on September 14 with 19 Vietnamese business representatives in attendance. The focus was on trading culture in France, legal issues, market approaches and prospects after the EU-Vietnam Free Trade Agreement (EVFTA) comes into effect. Addressing the seminar, Vietnam Trade Counsellor Nguyen Canh Cuong said businesses can seize market expansion opportunities brought about by EVFTA, rather than directly competing with each other. He advised Vietnamese businesses to actively take part in major fairs and exhibitions held in France to set up partnerships with French partners. Iana Dreyer, Editor-in-Chief of www.borderlex.eu, said both the EU and Vietnam have great opportunities after the trade deal is signed Vietnam will not only benefit from developing trade ties with the EU, but also enjoy preferential policies with other partners that signed FTAs. Vietnam should devise a … [Read more...] about Domestic firms learn about know-how to mange business in France
The release of 13 classical music albums by pianist Dang Thai Son and a book about Son, the first Vietnamese pianist to gain international fame, are significant events in the musical culture of Vietnam. More importantly, this event "really" marks the rise of classical music in the Vietnamese music market. Classical music recording products appeared at music shops before Phuong Nam Film released 13 CDs of Dang Thai Son. Two albums of Dang Thai Son were distributed by the Hanoi Music Conservatory's Recording Centre, but these albums were not paid attention to by music fans. However, Vietnamese music producers till now haven't considered classical music as a commercial product. The illegal music market has satisfied every demand of classical music fans. Phuong Nam was said to be adventurous when it bought the copyright of Dang Thai Son's music products and book, which totals around $10,000, to release in Vietnam. In addition, the firm has to share profit per each CD sold and organised a … [Read more...] about When will Vietnam have a “market” for classical music?
Business Beat (20-07-2009) Crisis hits serviced apartment market by thuy Anh The serviced apartment market has begun tasting the bitter impacts of the economic crisis as a number of foreigners leave Viet Nam. A quarterly report recently released by the real estate services provider CBRE Viet Nam showed that average rents at grade A serviced apartments in HCM City dropped 11 per cent quarter-on-quarter, to US$32.35 per square metre per month. Grade B and grade C fell respectively by 4 and 5 per cent. Meanwhile vacancies increased across all grades, with grade A posting the highest rate of 14 per cent. "As rents are already significantly discounted, serviced apartments are competing based on age of property, facilities and decor," noted Rudolf Hever, CBRE Viet Nam senior manager for research and consultancy services. Grade A buildings are also suffering as tenants are switching to cheaper serviced apartments to save costs, while tenants of grade B and C relocate to non-serviced ones for … [Read more...] about Crisis hits serviced apartment market