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Semi- conductor association launched

Semi- conductor association launched HCM CITY (VNS)— The HCM City Semi-conductor Industry Association was established with the aim of boosting the semi-conductor industry and using it to foster economic development. Prof Nguyen Luong Mo, an Overseas Vietnamese IC (integrated circuit) expert based in Japan, was elected honarary chairman of the association for the period from ... Read More »

Telco titan told to focus on core businesses

Telco titan told to focus on core businesses HA NOI (VNS)— The Ministry of Information and Communications has urged the country’s largest telco VNPT to focus on its core business and exploit its potential to stay profitable in the increasingly competitive market. The ministry, which recently took control of the Viet Nam Post and Telecommunication Group (VNPT) under Government circular ... Read More »

Banks await State’s new bad debt manager

Banks await State’s new bad debt manager by Thien Ly In January the Government asked the State Bank of Viet Nam to draw up plans for establishing a national asset management company (AMC) and detailed regulations for its operations so that it can be set up in the first quarter. If the schedule is honoured an AMC will be set ... Read More »

Time to invest in well-run firms: fund boss

Time to invest in well-run firms: fund boss Mekong Capital is a Viet Nam-focused private equity firm specializing in consumer-driven businesses who are leaders in their industry. It has three funds, the US$18.5 million Mekong Enterprise Fund, the $50 million Mekong Enterprise Fund II, and the $64 million Azalea Fund. Managing partner Chris Freund, who founded the company in 2001, ... Read More »

Exporters told to meet global standards

Exporters told to meet global standards HCM CITY (VNS)— Domestic companies must improve their product quality to meet increasing demand of importing countries, speakers said at a forum held last Friday in HCM City and organised by the Investment and Trade Promotion Centre of HCM City. Nguyen Trung Dung, Vietnamese Trade Counsellor to Japan, noted that Japan, a key partner ... Read More »

BUSINESS IN BRIEF 25/3

Seafood industry faces slow export growth Vietnamese seafood producers are facing slow export growth and a shortage in material, after the US Department of Commerce levied higher tariffs on export of frozen pangasius fish fillets, effective from August 1, 2010 to July 31, 2011. Figures by the Vietnam Association of Seafood Exporters and Processors show that export turnover of the ... Read More »

Thorny reforms yet to be done

VietNamNet Bridge – The Vietnam Chamber of Commerce and Industry (VCCI) last Thursday announced the 2012 Provincial Competitiveness Index after conducting a survey among thousands of enterprises for their views abut the governance at the provincial level. Vu Tien Loc, chairman of VCCI, talked to The Saigon Times Daily about the reforms to improve the business environment. Reforms in Vietnam ... Read More »

The Ho Tram dream

VietNamNet Bridge – The investor and the rich Vietnamese once dreamed of having a Vegas in Vietnam by developing the Ho Tram resort project. However, the “Ho Tram dream” has been become far away as MGM has decided to quit the project.  MGM withdraws from $4 billion Ho Tram project     One day in January 2013, QNC, the director ... Read More »

Businesses learn to combat corruption

Business community and public officials have learnt how corruption works and how to combat the scourge in a more efficient manner at a workshop in northern Hai Phong city. The workshop was co-organised by the Vietnam Chamber of Commerce and Industry (VCCI) and the World Bank (WB) on March 23. A report presented by the World Bank warned that corruption ... Read More »

Finance leasing companies bog down in risky legal framework

VietNamNet Bridge – Finance leasing companies have been operating in a risky legal framework where they can easily lose capital because of bad debs and incur losses.   The State Bank of Vietnam has announced on its official website about the revoking of the operation license from ANZ/V-TRAC finance leasing company. According to the Finance Leasing Association, the company stopped ... Read More »