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Japan to invest in industries

Japan to invest in industries Workers of the Vykino Vinappro Co in the southern city of Bien Hoa produce agricultural equipment. — VNA/VNS Photo Hoang Hai HA NOI (VNS)— The Japanese Government has pledged to invest in six key industrial sectors in Viet Nam. The money will go towards household electricity, food processing, shipbuilding, agricultural machinery, environment and energy saving ... Read More »

State Bank decides to cut management interest rates

State Bank decides to cut management interest rates H NOI(VNS) — The State Bank of Viet Nam (SBV) has decided to cut interest rates used as management tools by 1 percentage point. The change, Deputy Governor Nguyen Dong Tien said, would take effect next Monday. He told a press conference at the SBV headquarters yesterday that the bank had revised ... Read More »

Slow growth to put pressure on Budget

Slow growth to put pressure on Budget Workers unload nitrogen fertiliser at Ha Bac Nitrogen Fertilisers and Chemical Company in Bac Giang Province. — VNA/VNS Photo Danh Lam HA NOI (VNS)— State budget collection will likely be difficult this year and the Government needs to outline effective measures to ease difficulties in production and recover economic growth. This opinion was ... Read More »

Vietnam found six key industries to gather strength on

VietNamNet Bridge – Six industries including consumer electrics/electronics, food processing, ship building, agriculture machinery, environment and energy saving, automobile/car part manufacturing have been defined as the six key industries which would receive the special support to develop within the framework of the Vietnam – Japan cooperation program. Nguyen Thi Tue Anh, Head of the Business Environment and Competitiveness Division under ... Read More »

BUSINESS IN BRIEF 11/5

MOL to turn heads Vietnam’s online payment market is proving appealing to foreign players. Last month MOL Access Portal Sdn. Bhd. (MOL), Asia’s leading e-payment service provider, entered into a joint venture agreement with pioneering Vietnamese e-commerce group PeaceSoft Solutions Corporation (PeaceSoft) to acquire a 50 per cent stake in NganLuong, PeaceSoft’s online payments unit. Under the joint venture agreement, ... Read More »

New regulations set on foreign retail network expansion

VietNamNet Bridge – Foreign retailers will have to do Economic Needs Test (ENT) on the basis of the population density of a district rather than a city or province when they want to open the second outlet onwards. This is one of the new regulations given in Circular 08/2013 on trading activities of foreign-invested enterprises released by the Ministry of ... Read More »

Golf courses get deserted in economic recession

VietNamNet Bridge – The stuffy atmosphere can be breathed at the golf courses nowadays, which, like many other business sectors of the national economy, are experiencing the dark days of the economic recession. On the afternoon ofMay 3, tens of cars were seen at Twin Doves, a golf course in the new urban area of Binh Duong province, where a ... Read More »

Aqua-feed plant goes into operation

Aqua-feed plant goes into operation VINH LONG (VNS)– Dutch firm De Heus Branch Co on Wednesday put into operation an aqua feed plant in the Hoa Phu Industrial Zone in southern Vinh Long Province. Covering an area of 3ha, the US$7.5 million plant has a designed production capacity of 100,000 tonnes of aqua feed a year, and will provide aqua ... Read More »

Aqua-feed plant goes into operation

Aqua-feed plant goes into operation VINH LONG (VNS)– Dutch firm De Heus Branch Co on Wednesday put into operation an aqua feed plant in the Hoa Phu Industrial Zone in southern Vinh Long Province. Covering an area of 3ha, the US$7.5 million plant has a designed production capacity of 100,000 tonnes of aqua feed a year, and will provide aqua ... Read More »

International sports-leisure expo opens

International sports-leisure expo opens Indoor and outdoor sport equipment, leisure, health, and fitness facilities are among the items on display at the first international Sport and Leisure exposition that opened in HCM City yesterday.— Photo baophunu HCM CITY (VNS)— Indoor and outdoor sport equipment, leisure, health, and fitness facilities are among the items on display at the first international Sport ... Read More »