Most firms in the manufacturing and processing industry were optimistic about their production and business activities for the first quarter of 2019, according to a survey by the General Statistics Office (GSO). Automobike frame manufacturing in THACO factory in Chu Lai industrial park, Nui Thanh district, Quang Nam (Photo: VNA) More than 47.3 percent of surveyed firms said that they anticipated better business compared to the last quarter of 2018, and 37.8 percent expected stable business. Only 14.9 percent forecast their business and operation would be more difficult. The inventory of the manufacturing and processing industry sits at 64.4 percent, the lowest rate in the past three years. Another survey of construction firms showed 59.6 percent predicted improved or stable business in the first quarter of 2019 while the rest expected more difficulties. According to the Vietnam Chamber of Commerce and Industry, Vietnamese firms were also optimistic about their business … [Read more...] about Business activities will be better in 2019’s first quarter: firms
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The Vietnamese Government commits to creating favorable ways for Singaporean enterprises to do successful business in Viet Nam and stands ready to listen to their comments, said PM Nguyen Xuan Phuc. PM Nguyen Xuan Phuc (3rd from R) and the Singaporean business delegation, Ha Noi, July 15, 2019 - Photo: VGP/Quang Hieu PM Nguyen Xuan Phuc received a Singaporean business delegation led by the Singapore Business Federation (SBF) and the Singapore Enterprise (ESG) to promote investment and business cooperation in Viet Nam on July 15 in Ha Noi. PM Phuc said that last April, he attended the Viet Nam-Singapore business forum which attracted 700 delegates and witnessed the signing of about US$ 10 billion cooperative agreements. He thanked SBF and ESG for hosting the forum which contributed to promoted economic cooperation. The PM highly praised business operation of Singaporean enterprises in Viet Nam. The Vietnamese Government has always spared no effort to stabilize … [Read more...] about PM receives Singaporean business delegation
The leaders agreed that businesses play the decisive role in the city’s future sustainable development and sought their ideas and measures to address current problems facing the city. Representatives of businesses pointed out insufficient infrastructure at industrial parks, saying it has yet met the demand of investors, especially small and medium-sized ones. They also mentioned the lack of labour force in industrial production, inadequate investment in public transport, and the need to speed up the administrative procedures in the field of land, taxation and customs. They proposed developing specialized industrial clusters, attracting investment into hi-tech industrial park, boosting environmentally friendly tourism, and contributed ideas relating to healthcare, education, high technology, trade, hi-tech agriculture, and start-up. Truong Quang Duoc, Secretary of the municipal Party Committee, spoke highly of the business community’s contributions to … [Read more...] about Da Nang seeks to businesses’ ideas for growth
General Director of Daeha JSC – Hanoi Daewoo Hotel, Lê Đức Phong, accepted the trophy from Deputy Prime Minister of the Kingdom of Thailand Anutin Charnvirakul. Photo courtesy of Daeha JSC HÀ NỘI — Daeha Joint Stock Company – Hanoi Daewoo Hotel was recently named The Best ASEAN Business in Priority Integration Sector (Tourism Category). The award recognises the hotel’s contribution to the integration between ASEAN businesses, as well as its outstanding performance and presence in Việt Nam and across South East Asia. Speaking at the award ceremony held at the Impact Exhibition Centre, Bangkok, General Director of the Daeha Joint Stock Company Lê Đức Phong said: “The ASEAN Business Award that we were granted has confirmed our hotel’s leading position in the region and beyond. At Hanoi Daewoo Hotel, we always believe in empowering people. We will continue to nourish a young hotelier generation with … [Read more...] about Hanoi Daewoo Hotel receives ASEAN Business Award for Tourism
Hefty investments Among 70 countries and territories in which Vietnamese have investments, Laos, Cambodia and Myanmar are the three biggest target markets. Laos is the biggest FDI recipient from Vietnam, having accepted $5 billion worth of registered investments. In January 2017, Viettel received an investment license for setting up a telecom network in Myanmar – Mytel. BIDV in 2016 got a license to set up a branch in Myanmar – BIDV Yangon with charter capital of $85 million. The dairy factory Vinamilk built in Cambodia became operational in 2016, while the Vietnam Rubber Group began processing rubber latex in 2015. Hoang Anh Gia Lai Group is one of the biggest outward investors. In addition to a series of projects on agriculture production in Laos, in 2015 built the Attapeu international airport worth $36 million and HAGL Center worth $550 million in Myanmar. In 2016, it kicked off the second phase of HAGL Center and joined forces with Melia Hotel to run a … [Read more...] about How are Vietnamese businesses performing in Laos, Cambodia, Myanmar?