Vietnam important dates

Companies issue $7.7b worth of bonds in nine months The nine-month value is equal to nearly 80 per cent of the total bond issuance value in 2018. The figure is also lower than the total registered value of nearly VND276.9 trillion (nearly $12 billion), which means nearly VND98 trillion bonds were unsold. In September, 28 companies made 60 issuances with total capital raised of VND19.4 trillion (excluding international bond issues). Most bonds were three-year term with total value of VND13.5 trillion. Interest rates of bonds issued in September ranged between 6 per cent and 11 per cent per annum. Banks were the main player in the bond market with total issuance value of VND14.1 trillion in September, accounting for 72.78 per cent of total market value. Real estate companies followed with VND965 billion (4.97 per cent) and securities firm with VND413 billion (2.13 per cent). Bonds issued by banks also had the lowest interest rate, averaging only 6.71 per cent per year. Some companies … [Read more...] about VIETNAM BUSINESS NEWS OCTOBER 18

Vietnam’s wood firms should apply technologies to increase competitiveness Chairman of the Handicrafts and Wood Industry Association of Ho Chi Minh City (HAWA) Nguyen Quoc Khanh said Vietnam’s wood processing firms should apply technologies and take heed to production models to increase competitiveness. Advancement of CNC precision technology plus new technologies such as artificial intelligence, big data, cloud computing, and robots have helped woodworking technologies to make progresses. Vietnam is approaching to be a major furniture supplier in the world in this time when many US importers are shifting China orders to many countries including the Southeast Asian. However, the wood processing industry has faced challenges when more foreign investment capital has poured in the country. From the early this year, forestry industry showed a strong increase in export value from the beginning of the year. Overseas shipment of forestry product exports in first nine month … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 21

Seoul (VNA) – Chairman of the Vietnam Fatherland Front (VFF) Central Committee Tran Thanh Man said Vietnam always considers Republic of Korea (RoK) one of its most important partners, while paying a courtesy call to Speaker of the RoK National Assembly Moon Hee-sang in Seoul on September 27. Man expressed his wish that Speaker Moon would continue supporting the development of bilateral ties and assisting the Vietnamese community in the RoK, especially Vietnamese women marrying Korean citizens. He also wished that the RoK would continue supporting Vietnam and ASEAN’s stance in maintaining peace, stability, maritime freedom and safety in the East Sea, and settling disputes in the East Sea by peaceful means in line with international law, including the 1982 United Nations Convention on the Law of the Sea, fully implementing the Declaration on the Conduct of Parties in the East Sea, towards reaching an effective and practical Code of Conduct in the East Sea at an … [Read more...] about Front leader: Vietnam takes RoK as an important partner

Poster of the event (Source: oktoberfestvietnam.com) The event, which has been held in Vietnam 27 times to date, recreates the atmosphere found in the massive beer halls of the original Oktoberfest, complete with an expansive buffet of German cuisine and draught beer directly imported from Germany. … [Read more...] about Oktoberfest Vietnam 2019 opens in HCM City

    Lý Sơn Island, off the coast of Quảng Ngãi Province preserves unique values of archaeology, culture, people and landscape of the ancient volcanoes.   Việt Nam is moving closer to getting another geo-park recognised by the UN cultural agency UNESCO.   Quảng Ngãi Province, in co-operation with National UNESCO commission of Việt Nam, and archaeologists, scientists and researchers have been completing documents and field surveys to get the status conferred on Lý Sơn-Sa Huỳnh later this year. The Director of the provincial department of Culture, Sports and Tourism, Nguyễn Minh Trí, said major works and preparations had been finished at a recent conference on the heritage value of Lý Sơn-Sa Huỳnh in Quảng Ngãi City. “Preparation works including archaeological and geological surveys and evaluations as well as research on ancient cultures … [Read more...] about Park on its way to importance