Tv business news

Hanoi (VNA) – The EU-Vietnam Free Trade Agreement (EVFTA) will create opportunities for Japanese companies to continue expanding operations in Vietnam and boost exports to the EU, according to chief representative of the Japan External Trade Organisation (JETRO) in Hanoi Takeo Nakajima. In a recent interview granted to the Cong Thuong (Industry & Trade) newspaper, the official said exports to the EU currently account for only 2.8 percent of overseas shipments by Japanese businesses in Vietnam, and another 65 percent are destined for the Japanese and ASEAN markets. Therefore, when the EVFTA, recently ratified by the European Parliament, takes effect, it will create a big push for Japanese firms in Vietnam as tariffs on almost all commodities will be slashed to zero percent, Nakajima said, noting that many Vietnamese products will have more chances to compete in the EU market. Many Japanese businesses will become interested in and orient their export to the EU in the time … [Read more...] about EVFTA to boost Japanese business in Vietnam, exports to EU: JETRO representative

Improving structural reforms and businesses’ competitiveness is critical to efficiently implement the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) in Viet Nam, heard a conference held by the Central Institute for Economic Management (CIEM) on Wednesday in Ha Noi. … [Read more...] about Structural reform and businesses’ competitiveness vital to grab CPTPP opportunities

FiinGroup’s data from 1,019 enterprises listing shares on three bourses shows that the Debt/Equity (DE) ratio of Vietnam’s public companies is at 0.65. This means that for every VND100 worth of capital they have, they would borrow VND65. FiinGroup’s data from 1,019 enterprises listing shares on three bourses shows that the Debt/Equity (DE) ratio of Vietnam’s public companies is at 0.65. This means that for every VND100 worth of capital they have, they would borrow VND65. … [Read more...] about For every VND100 that businesses have, they borrow VND65: FiinGroup

Jakarta (VNA) – Publicly listed gas company PGN in Indonesia will partner with a Chinese firm to boost its liquefied natural gas (LNG) development in China, PNG strategy and business development director Syahrial Mukthar said on February 19. PGN signed a memorandum of understanding (MoU) last week with engineering, procurement and construction (EPC) and manufacturing company WnD Heavy Industry Co. Accordingly, the Chinese company will provide logistical solutions in 2021. The partnership will open opportunities to work together in developing the small-scale LNG industry in China as well as in the region, Syahrial said, adding there was also a possibility for the gas company to cooperate with other firms as China had great potential and various business opportunities. PGN’s recent move reveals its vision to become a player in the international LNG market in the context that global demand for LNG has steadily increased thanks to a hike in energy consumption in recent … [Read more...] about Indonesia, China cooperate in LNG business

In a recent report, the ministry pointed out that trade between Viet Nam and CPTPP members reached $77.4 billion last year, a year-on-year rise of 3.9 per cent. Of the figure, Viet Nam’s exports accounted for 51 per cent and saw a year-on-year increase of 7.2 per cent. … [Read more...] about VN investment inflow below expectations after CPTPP