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Vietnamese businesses spend much money on advertisements

VietNamNet Bridge – Vietnamese businesses are still poor with limited financial capability. However, they still spend big money on advertisement campaigns.   Marketing means advertisement? The Vietnamese ad market was estimated to have the value of $500 million in 2011. In the first half of 2012, a survey of Kantar Media found that Vietnamese businesses ... Read More »

PCs may lose pout to tablets, smart phones

Vietnam ’s PC market grew by 20.5 percent sequentially and 304 percent year-on-year to reach 68,000 units in the fourth quarter of 2012, according to the latest International Data Corporation (IDC) Asia-Pacific Quarterly PC Tracker report. In the fourth quarter, the consumer segment was flooded with stocks as some vendors tried to meet their year-end targets and avoid the Lunar ... Read More »

IFC provides 2.4 million USD as grant to Laos

The International Finance Cooperation (IFC), a member of the World Bank Group, has entered into a partnership with the Ministry of Natural Resources and Environment of the Lao PDR to improve laws and regulations as well as their enforcement, according to the Lao news agency KPL. The partnership also aims to implement integrated water resources management in the country and ... Read More »

Vietnam Airlines to launch Moscow-Cam Ranh route

Vietnam Airlines has completed preparations for the official launch of a direct service between Cam Ranh International Airport in the central coastal Khanh Hoa province and Moscow . According to Luong Van Thanh, Director of the Cam Ranh International Airport , this is the first direct international route to Cam Ranh since the airport was upgraded to international level four ... Read More »


Japan calls for better development strategies Viet Nam needs to solve its problems of infrastructure development, human resources and institutions and policies to strengthen its industrialisation strategy from the perspective of Japanese industrial cooperation. This opinion was voiced by Japanese Ambassador to Viet Nam Yasuaki Tanizaki at the international conference on Viet Nam-Japan strategic co-operation to improve Viet Nam’s industrial ... Read More »

Vietnam’s insurance market receives more “big players”

VietNamNet Bridge – More foreign insurers have come to Vietnam in recent years. Joining forces with domestic partners in doing business is the way many of them have chosen to penetrate the local market.   More players … In early 2013, Sun Life Financial from Canada made its official presence in Vietnam by becoming a partner in PVI Sun Life, ... Read More »

Vietnamese firms receive national quality awards

As many as 67 Vietnamese enterprises have been presented with 2012 National Quality Awards (NQA) at a ceremony in Hanoi on March 17. Among those companies honoured, 17 were given the gold medals, while the remainder received the silver. In addition, the Ba Ria Vung Tau Urban Sewerage and Development Co. Ltd (BUSADCO), the Tien Phong Plastic Joint Stock Company, ... Read More »

Lacking capital, businesses look daggers at SCIC

VietNamNet Bridge – If the State Capital Investment Corporation (SCIC) only does the simple work of depositing the state’s money at banks for profit, it would be better for it to get dissolved. SCIC, the powerful state’s corporation, has been facing the heavy criticism from the public after it released the 2012 finance report showing that it deposited trillions of ... Read More »

The bad debt panorama: hundreds of millions USD may be lost

VietNamNet Bridge – International experts have warned that the bad debts, worth hundreds of trillions of dong would still be the big challenge for the Vietnam’s national economy for at least several years. Most businesses are big debtors A report by the Steering Committee on Enterprise Renovation and Development of the government office showed that the loss incurred by state ... Read More »


Vietnam increases cooperation with Italian region A Vietnam Office will be established in Emilia-Romagna, an administrative region in North Italy, to promote trade and economic cooperation between the two sides. An agreement to this effect was signed in Bologna, the capital city of Emilia-Romagna on March 12 by Vietnamese ambassador to Italy Nguyen Hoang Long and representatives of the administrative ... Read More »