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Businesses learn to combat corruption

Business community and public officials have learnt how corruption works and how to combat the scourge in a more efficient manner at a workshop in northern Hai Phong city. The workshop was co-organised by the Vietnam Chamber of Commerce and Industry (VCCI) and the World Bank (WB) on March 23. A report presented by the World Bank warned that corruption ... Read More »

Finance leasing companies bog down in risky legal framework

VietNamNet Bridge – Finance leasing companies have been operating in a risky legal framework where they can easily lose capital because of bad debs and incur losses.   The State Bank of Vietnam has announced on its official website about the revoking of the operation license from ANZ/V-TRAC finance leasing company. According to the Finance Leasing Association, the company stopped ... Read More »

BUSINESS IN BRIEF 24/3

Japanese firms keen on support industry Many Japanese investors have focused on industrial assembly projects in Hanoi, according to the municipal Department for Industry and Trade. Currently, Hanoi has more than one quarter of its businesses in the support industry. However, businesses from both countries are facing same snags in their joint ventures due to different levels of technical knowledge, ... Read More »

Only 10 percent of coffee products in VN made of real coffee?

VietNamNet Bridge – Coffee drinkers would be exceedingly astonished if they know that what they drink is not real coffee, but of the mixture of maize and other burnt grain powder. Nguyen Thanh Tung, Deputy General Director of Vinacafe Bien Hoa, has surprised the public when stating on Tuoi tre that only 10 percent of the coffee products available on ... Read More »

Mekong Capital cashes in on investment arm

Mekong Capital cashes in on investment arm HCM CITY (VNS)— The Mekong Enterprises Fund II, which is managed by Mekong Capital, completed its sale of a 6.7 per cent stake in Mobile World Joint Stock Company, earning a huge income. The transaction value was not disclosed but according to Mekong Capital, income from share sales plus the dividends received during ... Read More »

VF1 to change from close to open-ended fund

VF1 to change from close to open-ended fund HA NOI (VNS)— Shareholders of the Viet Nam Securities Investment Fund (VF1) have approved a change from a close-ended to an open-ended fund at their annual investors’ meeting on Thursday. VietFund Management will be responsible for preparing the detailed plan, which will be submitted for investors’ feedback at an extraordinary meeting in ... Read More »

HOSE to host Invest ASEAN-Viet Nam 2013

A year of festivities set to celebrate ties with France The official Viet Nam-France Year will be launched on April 9th, and the two countries will celebrate their long and eventful relationship by organising a wide range of public activities shedding light on their shared history, heritage and traditions. Seafood sector blasts DOC export decision The US Department of Commerce’s ... Read More »

Vietnam strives to restrict motorbikes by 2020

VietNamNet Bridge – A lot of drastic measures, administrative, economic, technical, would be taken to gradually reduce the number of motorbikes in circulation throughout the country.   The master plan on the road transport development by 2020 clearly stipulates that by 2020, motorbikes would be used mostly in rural areas and the areas with no public means of transport. It ... Read More »

Int’l company plans biomass production in Vietnam

Innovative Engineering Ventures (IEV) on March 22 said it will enter the renewable energy business through biomass production in Vietnam, as part of its efforts to explore opportunities in the Asia Pacific region. “The company plans to construct its first plant to manufacture pellet forms of rice-husk biomass in the middle of the Mekong Delta, the Rice Bowl of Southern ... Read More »

March CPI falls as consumption weakens

Vietnam’s consumer price index ( CPI ) in March edged down 0.19 percent against the previous month due to declining demand for goods and services after the Lunar New Year festival, reported the General Statistics Office on March 23. With the March figure, CPI in the first quarter of this year was up 2.39 percent and 6.91 percent from December, ... Read More »