Can Tho in dire need of international shipping routes A vessel heads for Tan Cang-Cai Cui Port in Can Tho City Although the Government has allowed Can Tho City to expand its logistics center to 242 hectares from the current 75 hectares, the center cannot develop without international shipping routes allowing the city to directly ship goods abroad, said Nguyen Minh Toai, director of the municipal Department of Industry and Trade. At a seminar on development of Can Tho City’s logistics network by 2020, with a vision to 2030, in the city today, February 20, Toai said that Can Tho needs to launch shipping routes through Quan Chanh Bo Canal and Dinh An Estuary to develop a modern logistics center in the city. It costs US$10 to transport each container of goods from Can Tho to Cat Lai Port in HCMC or to Cai Mep-Thi Vai Port in Ba Ria-Vung Tau Province, he said, and the cost is even higher if shipping containers are carried further away. If goods are directly shipped from the … [Read more...] about BUSINESS NEWS IN BRIEF 22/2
New build 2 year warranty
BUSINESS NEWS IN BRIEF 16/10
Vietnam’s Macroeconomic Policies-Third Quarter 2018 under scrutiny HCM City Securities Corp tops derivatives market share HCM City Securities Corporation (HSC) had the biggest market share on the derivatives market in the third quarter of 2018, according to the Ha Noi Stock Exchange. Of the 11 securities companies that are allowed to operate in the derivatives market, HSC held a 25.35 per cent market share. HSC was followed by VNDirect Securities JSC (23.98 per cent), MB Securities JSC (15.88 per cent) and Saigon Securities Inc (15.40 per cent). Other securities firms with less than 10 per cent market share included VPBank Securities JSC (9.87 per cent), BIDV Securities JSC (4.65 per cent) and Viet Capital Securities Co (2.84 per cent). The three new securities companies whose operation on the derivatives market had been accepted earlier by the HNX were Viet Dragon Securities JSC, KIS Vietnam Securities Co and Vietcombank Securities Co Ltd. Those three … [Read more...] about BUSINESS NEWS IN BRIEF 16/10
BUSINESS NEWS IN BRIEF 1/8
Vinh Phuc seeks investment from S Korea The northern province of Vinh Phuc promoted its potential and called for investment at a conference held in Gyeonggi Province in South Korea on Friday. Speaking before an audience of South Korean businesspeople, Chairman of Vinh Phuc provincial People’s Committee Nguyen Van Tri highlighted the province’s convenient location in Viet Nam’s northern key economic zone and favourable natural conditions suitable for industry, tourism and hi-tech agriculture. He informed the South Korean business circle that the province has made efforts to streamline its administrative procedures, upgrade infrastructure, especially at industrial zones, and train the local labour force. The provincial leader reported that Vinh Phuc is now home to more than 300 foreign direct investment (FDI) projects, including many run by South Korean corporations such as Partron Vina, Haesung Vina, Bangjoo and Interflex. Several more South Korean … [Read more...] about BUSINESS NEWS IN BRIEF 1/8
Gov’t asked to help automakers overcome difficulties
The concerns were raised after the businesses received a Government document instructing relevant ministries and agencies to build technical barriers to control the quality of imported vehicles. Businesses recommended that the Government maintain stable long-term policies for them to assure future investment in Vietnam. Auto businesses are concerned about Vietnam’s future policy orientation with regard to the auto industry, which they think will affect their business strategy. Photo: thanhnien.vn The request was sent to the Government after an inter-sector auto inspection team worked with 17 auto importers and locally-assembled manufacturers to solve issues while implementing the Government’s decree on car manufacturing, assembly, importation and warranty offering - a move that came into effect from January 1, 2018, and tightened car imports. Enterprises must now receive vehicle type approval (VTA) certification when importing cars from the authorities of … [Read more...] about Gov’t asked to help automakers overcome difficulties
Auto imports drop following government’s new decree
Only 337 cars of all kinds were shipped to the country, according to data of the General Department of Customs. Of the imports, there were only 17 passenger cars with nine seats or less, amounting to 567,000 USD. Notably, no cars were imported from Indonesia and India. Photo for illustration only In 2017, Indonesia was among the top countries after Thailand with the highest number of exported cars to Vietnam. India too had a relatively large number of exported vehicles in 2016. However, in January this year, both the countries did not export any car to Vietnam. Meanwhile, Thailand lost its recognition as the largest import car market in Vietnam, with only 36 vehicles exported to the country since the beginning of the year. Among the automobile export markets to Vietnam in January 2018, Russia suddenly rose to the top, with 159 vehicles being exported, worth 274 billion VND (12.03 million USD), equivalent to 1.7 billion VND each. Under a deal on autos signed between … [Read more...] about Auto imports drop following government’s new decree