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Category Archives: Business

Equitisation process needs a shot in the arm

VietNamNet Bridge – A new decree on equitisation is in the works as authorities hope to accelerate the equitisation progress and enhance the role of market forces in Vietnam’s economy. Dang Quyet Tien, deputy director of the Corporate Finance Agency under the Ministry of Finance (MoF), said the ministry was drafting a new decree to supplement and revise some articles ... Read More »

MGM withdraws from $4 billion Ho Tram project

VietNamNet Bridge – The Asian Coast Development Limited (ACDL) has announced that the MGM Resorts International (MGM) will no longer operate the resort in the Ho Tram Strip tourism complex.     The reason is not disclosed but ACDL said that it is considering a new and suitable brand for operating the resort. This project has the cooperation of many ... Read More »

SCIC’s role in state invested enterprises dim and unclear

VietNamNet Bridge – Holding a huge asset of the state, contributing capital into many big enterprises and considered the biggest and most powerful investor in Vietnam, the State Capital Investment Corporation (SCIC) has been playing a very dim role in the businesses.  As fortunate as SCIC    Insisting on escaping from SCIC The An Giang Plant Protection JSC (AGPPS) has ... Read More »

Raw material price rises prove damaging

Raw material price rises prove damaging HA NOI (VNS)— The price of many raw materials used in industry has increased recently, creating huge difficulties for enterprises. According to President of the Viet Nam Steel Association Pham Chi Cuong, the rising costs of iron ore, scrap steel and steel billets had damaged domestic production. Prices of steel imported from Korea, Russia ... Read More »

List tracks fastest-growing enterprises

List tracks fastest-growing enterprises HCM CITY (VNS)— The Viet Nam Report and VietNamNet jointly announced yesterday the FAST 500 Ranking Lists 2012 for the top-500 fastest growing enterprises in Viet Nam. The FAST 500 was created to honour and award effective and fast-growing companies seen as the rising stars of the Vietnamese economy. The FAST 500 rankings were built on ... Read More »

Call to boost trade with Cambodia

Call to boost trade with Cambodia Workers produce electric cable for export to Thailand, Laos and Cambodia at Thinh Phat Company in HCM City. Viet Nam and Cambodia are aiming to bring bilateral trade turnover to $5 billion by 2015. — VNA/VNS Photo Van Khanh HA NOI (VNS)— Bilateral ties in trade and investment between Viet Nam and Cambodia have ... Read More »

Expo showcases furniture, home accessories

Expo showcases furniture, home accessories HCM CITY (VNS)— More than 130 local and international companies are displaying products at the Viet Nam International Furniture and Home Accessories Fair which opened in HCM City yesterday. Held at the Sai Gon Convention and Exhibition Centre until March 14, VIFA 2013 features 604 booths showcasing indoor and outdoor furniture, handicrafts, equipment and tools ... Read More »

HCM City’s manufacturing sector sees 3.2% growth

HCM City’s manufacturing sector sees 3.2% growth Loading cargo for export at Cat Lai port in HCM City. The city’s industrial production rose by 3.2 per cent in the first two months, doubled the number from a year ago. — VNA/VNS Photo Thanh Vu HCM CITY (VNS)— HCM City’s industrial production rose by 3.2 per cent in the first two ... Read More »

GM Vietnam introduces its first pickup

GM Vietnam introduces its first pickup GM Viet Nam Managing Director Gaurav Gupta introduces Colorado pickup at a press meeting in Ha Noi   Interior of Colorado pickup combines car-like characteristics HA NOI (VNS) — General Motors Viet Nam launched the Colorado, its first locally produced pick-up, yesterday with an eye on the increasing demand for mid-size trucks in Vietnam. ... Read More »

Shares slide on both exchanges, trading rises in PVF

Shares slide on both exchanges, trading rises in PVF HA NOI (VNS)- Blue chips drove the Southern stock exchanges up yesterday, but their slumps this morning pulled the VN-Index down. On the HCM City Stock Exchange, the VN-Index gave up 0.34 per cent to close the morning’s session at 474.90 points, with the trading value reaching more than VND616 billion ... Read More »