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Category Archives: Business

PM urges localities to promote trade, attract foreign investment

PM urges localities to promote trade, attract foreign investment A tra fillet proccessing line at Song Tien Fishery Factory in Dong Thap Province. The Prime Minister has called for efforts to develop local markets and expand export markets throughout the country. — VNA/VNS Photo Dinh Hue HA NOI (VNS)— Prime Minister Nguyen Tan Dung has asked ministries, branches and localities ... Read More »

Banks look to strengthen foreign ties to weather choppy economy

VietNamNet Bridge – Some Vietnam banks are pondering new and deeper foreign partnerships to strengthen their positions amid current stormy economy.   In its upcoming general shareholder meeting slated on April 25, Sacombank executives will reaffirm its commitment to sell 15 per cent stake to foreign partners, according to a bank source. In fact, the commitment was already approved at ... Read More »

Bibica admits mistake when joining hands with Lotte

VietNamNet Bridge – Truong Phu Chien, General Director of Bibica, a sweets manufacturer, has officially admitted that Bibica made a right move when signing the cooperation contract with Lotte which has exposed its attempt to swallow Bibica. Lotte cherishes ambitious business plan in Vietnam  Mr Truong Phu Chien, General Director of Bibica In the interview given to Thoi bao Kinh ... Read More »

New cultivation technique boosts farmers’ incomes

Farmers in the southeastern province of Dong Nai are earning higher profits by planting two rice crops and then one corn crop on the same field over a 12-month period. Tran Thi Minh Thao of Lang Minh commune in Xuan Loc District said that farmers began this practice 13 years ago after experiencing poor rice harvests during the winter-spring crop ... Read More »

High-quality products on display

More than 250 local businesses participated in the Vietnamese High-Quality Products fair, which opened April 26 in Ho Chi Minh City. Around 650 booths displayed a wide range of high-quality locally made products. Vu Kim Hanh, President of the Vietnamese High Quality Product Business Association, said that the fair would allow businesses to promote their brands and introduce their products ... Read More »

VN modernises tax administration

Vietnam’s General Department of Taxation is speeding up a project to modernise the country’s tax administration so that it can be completed by 2015. The Tax Administration Modernisation Project (TAMP) is expected to improve tax management capacity at all levels, reduce corruption and support taxpayers through improved e-tax services. It was launched in 2008 with approved investment of 97.5 million ... Read More »

Green growth strategy reviewed in Da Nang

A seminar on the implementation of Vietnam’s national strategy on green growth was held in Central Da Nang city on April 26 with the participation of representatives from the Ministry of Planning and Investment, the National Assembly’s Science and Technology Committee and the United Nations Development Programme (UNDP). At the event, delegates were introduced the main advantages of green growth, ... Read More »

Vietnamese businesses find it hard to break into “Myanmar gold mine”

VietNamNet Bridge – The expensive offices for rent, the poor infrastructure and the cutthroat competition in Myanmar have all put big difficulties for the Vietnamese enterprises to squeeze into the Myanmar market. Global investors now all eye Myanmar as the gold mine. Despite the global economic difficulties which force the investors to think twice when making outward investment, they still ... Read More »

BUSINESS IN BRIEF 27/4

Business confidence up in Q1 Vietnam’s business confidence index (BCI) in the first quarter of the year increased by 31 points against the final quarter of last year, showing business optimism for the country’s economic growth in 2013. According to a survey conducted by WVB Vietnam from late March to mid-April, most of the 129 participating enterprises agreed that Vietnam’s ... Read More »

VCCI asked to promote role in business community

Deputy Prime Minister Nguyen Thien Nhan has asked the Vietnam Chamber of Commerce and Industry (VCCI) to continue working with Government agencies to accelerate administrative reform, and improve the business environment. Nhan made this statement at a ceremony held by VCCI in Hanoi on April 26 to mark the chamber’s 50th founding anniversary (April 27). At the event, the Deputy ... Read More »