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Seafood exports down in Q1

Vietnam’s seafood exports are predicted to experience a year-on-year decrease of 13 percent to 1.15 billion USD in the first quarter of this year, according to Thoi Bao Kinh Te Vietnam (Vietnam Economic Times). The Vietnam Association of Seafood Exporters and Producers (VASEP) said the country’s tra fish and shrimp exports did not see bright ... Read More »

Wood processing plant built in Nghe An

The Thang Nam (May) Forestry joint-stock company on February 19 began construction of a wood and fibre-board processing plant in central Nghe An province. The plant, the most modern of its kind so far in Southeast Asia, has a total investment of 500 million USD. It will have a capacity of 8,800 cubic metres per year of wooden slats and ... Read More »

BUSINESS IN BRIEF 17/2

Binh Dinh looks to make fisheries key growth sector Improved logistics and infrastructure is an urgent need for the growing fisheries sector in Binh Dinh, says Nguyen Huu Hao, deputy director of the province’s Department of Agriculture and Rural Development. Last year, the central province exported over 8,100 tonnes of ocean tuna, nearly 73 per cent higher than the previous ... Read More »

Warnings given about the dark side of local authorities bond issuance

VietNamNet Bridge – Issuing local authorities bonds proves to be the only solution for localities now to cover the local budget deficit. However, this may be a big threat, according to experts.   On January 3, 2013, the Vietnam News Agency reported that the Da Nang City People’s Committee issued local authorities bonds worth VND5 trillion. In 2012, the state ... Read More »

Nation’s FTA negotiating process in spotlight

VietNamNet Bridge – The signed free-trade agreements (FTAs) would enable Viet Nam to reel in commercial and investment flows in serving its growth model restructuring.     The signing and negotiations of both bilateral and multilateral cooperation documents and FTAs, especially the Viet Nam-Japan Economic Partnership Agreement (VJEPA), the Trans-Pacific Partnership (TPP) and the EU-Viet Nam FTA, constitutes positive steps ... Read More »

Bank data released for turbulent 2012

VietNamNet Bridge – Figures released by the State Bank have shown that at the end of 2012, the total assets of the entire domestic banking system recorded a growth of 2.54 per cent compared with 2011, meaning that last year’s total for the entire system rose by nearly VND126 trillion (US$6 billion).   The data also shows that most of ... Read More »

Luxury car makers foresee good signs in 2013

VietNamNet Bridge – Luxury car brand owners have been trying to expand their distribution networks in Vietnam, which means that they believe in the prosperity of the market in 2013. Meanwhile, domestic manufacturers believe that “after the rain in 2012 comes, the fine weather in 2013”. The car sales in 2008-2012 and the estimates in 2013 A news showroom of ... Read More »

Deputy PM opens securities trading in Hanoi after Tet

Deputy Prime Minister Vu Van Ninh on February 18 beat the gong to open the first trading session at the Hanoi Stock Exchange (HNX) after the nine-day Lunar New Year (Tet) holiday. Addressing the ceremony, Ninh expressed his hope that the stock market will see higher growth this year, contributing to stabilising the macro economy, curbing inflation and ensuring social ... Read More »

New investment projects in Ba Ria-Vung Tau

The southern Ba Ria-Vung Tau province on February 18 granted investment licences to five projects totally valued at 28 million USD and over 2.3 trillion VND (109.5 million USD), completing 20 percent of its target for 2013. Of the projects, licenced during the Lunar New Year Investment Festival, two are financed by foreign investors. Notably, the Blue Sapphire Resort funded ... Read More »

Japan’s Aeon expands operation in Vietnam

Aeon, the leading Japanese retail and financial services corporation, on February 15 announced its 1.5 billion USD investment plan to build 20 shopping malls across Vietnam by 2020 . Aeon’s first shopping centre is expected to be opened to the public in Celadon urban area in Ho Chi Minh City in January 2014. The second is scheduled for October of ... Read More »