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Vietnam should reproach itself for letting Chinese goods dominate market

VietNamNet Bridge – The lack of the technical barriers has created a “flat word” which paves the way for Chinese low quality goods to penetrate the domestic market. h Vietnam inferior in official two-way trade… Chinese goods — from food, household goods to materials and machines, have been flowing to Vietnam through different channels, either through official channels or across ... Read More »

BUSINESS IN BRIEF 24/5

Revealing real estate tricks of the trade In what is a difficult time for the property market and real estate agents, some in the sector are still thriving, but what is their secret to success? While experts argue over what is the decisive factor for a successful transaction – position, price or construction speed, we reveal some of the tricks ... Read More »

EuroCham launches Green-Biz 2013

The European Chamber of Commerce in Vietnam (EuroCham) on May 23 launched Green-Biz 2013 at a seminar themed Energy Savings and Sustainable Profits. Green-Biz is an integrated two-day Business-to-Business and Business-to-Government event, to be held in Hanoi from September 19-20. It will include a conference with an international exhibition and networking events, presenting the most pressing issues for sustainable development ... Read More »

Phu Quoc economic zone to be established

The Prime Minister on May 22 issued Decision No. 31/2013/QD-TTg on the establishment of the Phu Quoc Economic Zone in the southern province of Kien Giang on May 23. Accordingly, the coastal economic zone covers the whole area of Phu Quoc Island district, encompassing Duong Dong town, An Thoi town and the eight communes of Cua Can, Ganh Dau, Bai ... Read More »

ADB supports water supply, road upgrade

The State Bank of Vietnam on May 23 signed with the Asian Development Bank two agreements on loans and non-refundable aid worth a total 249 million USD to help Vietnam improve water supply services and upgrade roads. Among these there is a 212 million USD credit, part of the 1 billion USD credit package for the Water Sector Investment Programme ... Read More »

Vietnam’s aviation industry dreams of flying high

VietNamNet Bridge – The demand for air cargo transportation has bounced back in the world. Vietnam is one of the three fastest growing markets in the world. International air transportation still growing in crisis The demand for air cargo transportation has been increasing rapidly since early 2013, following the recovery of the world’s economy. According to IATA (International Air Transport ... Read More »

500 businesses take part in Hanoi promotional activities

Hanoi is planning to launch major promotional activities involving 500 businesses in the hope of stimulating consumer demand. The businesses operate in the fields of food, beverage, essential goods, fashion, garments and textiles, footwear, household devices, interior decoration, arts and handicrafts, automobile, motorbike, hotel and restaurant service. The capital city plans to spend 3 billion VND, including about 1.2 billion ... Read More »

Only 16 SOEs equitised from 2012 to March 2013

VietNamNet Bridge – It is the most updated information about the equitisation process of state owned enterprises (SOEs) in Vietnam, which was included in a report of the Agency for Enterprise Development under the Ministry of Planning and Investment (MPI) published in conference “Sharing experiences in completing criteria for classification and categorization of state owned enterprises”. The conference was hold ... Read More »

The end of the small scale hydropower plants

VietNamNet Bridge – The Ministry of Industry and Trade (MOIT) plans to exclude 338 projects from the list of hydropower plant projects to be developed nationwide. Do Duc Quan, Director of MOIT’s Hydropower Department, said the ministry has decided to propose the government to remove the projects after checking the power plant development program and the implementation of the projects. ... Read More »

Vietnam improves seafood quality

The US Department of Commerce (DoC) has decided to increase anti-dumping duties on tra fish imported from Vietnam by an additional 0.52 to 1.29 USD per kilo, said the Vietnam Association of Seafood Exporters and Producers (VASEP). Association Secretary Truong Dinh Hoe said the tax hike was made after the US checked errors in the calculation of the previous tax, ... Read More »