M&As in Vietnam are expected to be worth $6 billion this year, rising 15.4 percent from 2015, the government portal cited data from the Vietnam M&A Forum as saying on Monday. The annual forum will be held next month by the Dau Tu (Investment) newspaper in coordination with AVM Vietnam, an investment promotion company, with the support of the Ministry of Planning and Investment. The country's M&A value in the first half of 2016 reached more than $3 billion, up 28 percent on-year. Among the foreign investors entering the market, Thai companies made two noticeable deals in the retail sector in the first six months. Central Group announced on April 29 that it had bought Big C’s operations in Vietnam from France's Casino Group at a cost of 1 billion euros ($1.14 billion). A taxi driver waits for customers outside a Big-C department store in central Bangkok. Photo by Reuters/Athit Perawongmetha Consumer goods group TCC Holding Co. Ltd also completed its … [Read more...] about Value of M&As in Vietnam expected to hit $6 billion this year
Revolutionaries values
Textile industry urged to create highly added value products
At the ceremony (Photo: VNA) Hanoi (VNA) – Prime Minister Nguyen Xuan Phuc has asked the textile and garment industry to strongly shift from processing to production, aiming to create more highly added value products. Speaking at a ceremony to mark the 20th founding anniversary of the Vietnam Textile & Apparel Association (VITAS) in Hanoi on December 13, PM Phuc stressed that with 7,000 enterprises operating in the field, the sector is making important contributions to the country’s development. He praised VITAS for well performing its task as a bridge between the Government and enterprises, as well as in giving policy consultations, especially in negotiating free trade agreements (FTAs) between Vietnam and partners. The PM urged the sector to swiftly converting production model in order create higher added value products, saying that with its increasingly export turnover through years, the sector is contributing to ensuring social security, … [Read more...] about Textile industry urged to create highly added value products
Foreign trade value seen exceeding US$500 billion this year
Trade Foreign trade value seen exceeding US$500 billion this year The Saigon Times Daily Friday, Dec 13, 2019,17:42 (GMT+7) Foreign trade value seen exceeding US$500 billion this yearThe Saigon Times Daily Workers process fruit for export at a factory owned by Nafoods Group. Vietnam's foreign trade value may exceed US$500 billion this year - PHOTO: VNA HCMC - Vietnam is expected to enjoy a high trade surplus for the fourth consecutive year and its import-export revenue may surpass US$500 billion this year, according to the Ministry of Industry and Trade. At a regular press briefing by the ministry in Hanoi on December 12, Deputy Minister Do Thang Hai said that the country had a trade surplus of US$2.68 billion in 2016, US$2.7 billion in 2017 and US$7.58 billion last year. The figure may exceed US$9 billion this year. In January-November this year, export revenue grew 8%, while import spending expanded 6.6% over the … [Read more...] about Foreign trade value seen exceeding US$500 billion this year
Viet Nam’s fruit and vegetable export value falls in 11 months
Viet Nam saw a slight decrease in the export value of fruit and vegetables during the first 11 months this year. – Photo vietnambiz.vn Viet Nam's fruit and vegetable exports dropped 0.6 per cent year-on-year to US$3.5 billion in the first 11 months this year, according to the Ministry of Agriculture and Rural Development (MARD). The drop was attributed to falling earnings from dragon fruit, which accounted for 31 per cent of total fruit exports, (down 9 per cent), durian (down 17.4 per cent), coconut (down 35 per cent), longan (down 56 per cent) and watermelon (down 26.4 per cent). MARD’s Agricultural Products Processing and Market Development Department said the strong decrease in exports to China, which accounted for 66.8 per cent of all fruit and vegetable exports, was also a reason behind the fall. The rise in exports to the US, the European Union, Japan and the Republic of Korea was not enough to compensate for the reduction in the Chinese market. In the same period, … [Read more...] about Viet Nam’s fruit and vegetable export value falls in 11 months
Important premises to ensure civil rights and human rights in Vietnam
The August Revolution of 1945 created great potential for firmly defending national independence and sovereignty - an important premise to ensure civil rights and human rights. The August Revolution of 1945 created great potential for firmly defending national independence and sovereignty - an important premise to ensure civil rights and human rights. Following the revolutionary path led by the Party and President Ho Chi Minh, based on the political values and ideology of the August Revolution in 1945, our nation firmly defended the fruits of that revolution. We have conducted two wars of resistance, defeated the old colonialism (French colonialism) and the new colonialism (US imperialism and the puppet administration). Persevering with the goal of "Independence - Freedom - Happiness", applying and developing creatively the Marxism-Leninism, Ho Chi Minh thought, under the leadership of the Communist Party of Vietnam, we have been building and perfecting the rule of law State, … [Read more...] about Important premises to ensure civil rights and human rights in Vietnam
