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VN keen to boost trade with Switzerland

VN keen to boost trade with Switzerland Luong Manh Hung. While big economies in Europe such as Germany, France and Italy suffered from the European debt crisis, Switzerland saw a growth of import-export turnover last year estimated at US$422 billion. The country ran a trade surplus of $28.71 billion, a rise of 14.32 per cent over 2011, which was mainly ... Read More »

Thanh Hoa attracts investment from South Korea

Thanh Hoa attracts investment from South Korea THANH HOA (VNS)— The central province of Thanh Hoa pledges to create favourable conditions for investment by South Korean enterprises. Chairman of the provincial People’s Committee Trinh Van Chien made the commitment at a conference in Thanh Hoa City on Tuesday to promote investment and trade with Korean businesses. The province will continue ... Read More »

Singapore's firms seek long-term partnerships

Singapore’s firms seek long-term partnerships HCM CITY (VNS)— Singaporean businesses want long-term co-operation with Vietnamese partners, the head of the island nation’s main business group has said. Ho Meng Kit, chairman of the Singapore Business Federation, told the Viet Nam – Singapore Business Forum 2013 in HCM City yesterday, “This year Viet Nam is the second country after Myanmar where ... Read More »

Experts call for better management of military goods

Experts call for better management of military goods HA NOI (VNS)— Viet Nam has been advised to set up a control management system on strategic goods to promote exports and increase investment. Strategic goods are military goods and so-called “dual-use” items that may have both civilian and military use. The message was delivered at a conference on strategic goods management ... Read More »

BUSINESS IN BRIEF 18/4

Agro-products to face tough battles ahead One of the greatest challenges facing Vietnam’s agricultural sector is to maintain the competitiveness as the country further integrates into the world economy, heard the Vietnam Agricultural Outlook Conference 2013. Speaking at a conference in Hanoi last week, Do Anh Tuan, director of the Center for Agricultural Policy, said agro-product exports hit a record ... Read More »

Vietnam considers lowering VAT to bring businesses up

VietNamNet Bridge – The Ministry of Finance is drafting the amended VAT law to be submitted to the National Assembly for ratification in the upcoming National Assembly’s 5th session. Under the draft, more products would be subject to the 5 percent tax instead of the current rate of 10 percent. Businesses not only want the corporate income tax cut, they ... Read More »

HCM City sees a leap in pledged FDI

Foreign direct investment pledged for Ho Chi Minh City in t he first quarter of the year surged by 109 percent year on year, according to the city’s Department of Planning and Investment. This shows foreign investors have regained their confidence in the local economy, which made positive result in stabilising the macroeconomic situation. Regarding new investment, some 78 FDI ... Read More »

Vietnam-Singapore Business Forum 2013 opens

Vietnam-Singapore Business Forum 2013 opens in Ho Chi Minh City on April 17 in the presence of Bui Quang Vinh, Vietnam ’s Minister of Planning and Investment and Lim Hng Kiang, Singapore ’s Minister of Trade and Industry. The three-day forum, co-hosted by the Vietnam Chamber of Commerce and Industry (VCCI) and the Singapore Business Federation (SBF), is part of ... Read More »

Vietnam-India trade rises 40.2 percent in Q1

Vietnam-India trade reached over 1.3 billion USD in the first quarter of 2013, representing a 40.2 percent rise from the same period last year, according to the Vietnamese trade counselor in India . Of the figure, Vietnam’s export was 533 million USD, recording a surge of 59.3 percent, and its import was 774 million USD, increasing by 29.5 percent, said ... Read More »

The open door for Vietnamese architects

VietNamNet Bridge – Why does Vietnam not take advantage of the brain and talent of local architects, but has to hire foreign architects with expensive price? Architect draws attention for award-winning design Architect Vo Trong Nghia and his journey to “seek failure”  The Architectural Record magazine (USA) recently published an article: “Is Vietnam the new destination for architects?” The article ... Read More »