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Category Archives: Business

Deeper analysis on national competitiveness requested

The National Council for Sustainable Development and Competitiveness Improvement needs to conduct a deeper analysis on the nation’s current competitive capacity to figure out policies that are barring its sustainable development. The request was made by Deputy Prime Minister Nguyen Thien Nhan while chairing the council’s session at the Government Office in Hanoi on February 22. The council also needs ... Read More »

Japanese corporation to build 100 hotels in Vietnam

Japanese hotel chain, Toyoko Inn, introduced its ambitious plan to build 100 starred hotels in Vietnam at a seminar in Hanoi on February 22. Nishida Norimasa, President and also founder of Toyoko Inn, said he believes that the project would be successful as for the long term Vietnam’s economy will be surely better than at present. Present at the event, ... Read More »

Port project to serve Central Highlands bauxite plants ceased

VietNamNet Bridge – Reasoning that the output of alumina of the Tan Rai and Nhan Co bauxite factories is low, it is unnecessary to build the deep water port of Ke Ga in Binh Thuan province, the Vietnam Coal and Mineral Industries Group (Vinacomin) has decided to stop the project. An official of Vinacomin said that the Ke Ga deep ... Read More »

Which banks will be called for M&A in 2013?

VietNamNet Bridge – TrustBank has “opened fire,” kicking start a new merger and acquisition (MA) wave in 2013. What are the next? TrustBank, one of the nine weakest banks, has got the nod from the State Bank of Vietnam to experience a reshuffle process itself. It plans to sell 10 percent of stakes to Thien Thanh Group and 75 percent ... Read More »

Trying to avoid typhoons in Vietnam, domestic businesses eyeing Myanmar

VietNamNet Bridge – A lot of Vietnamese businessmen now plan to march towards Myanmar, an emerging potential market, in an effort to seek new markets for their products and to escape from the difficulties they are facing in the domestic market. Hoang Anh Gia Lai Group is moving ahead with its $300 million project on a complex in the ancient capital ... Read More »

VN seeks investors from Japan’s Ehime prefecture

Vietnam offers good opportunities for businesses from Ehime prefecture of Japan in the manufacturing of hi-tech and agricultural machinery, textiles and garment and personnel training, according to Vietnamese Ambassador to Japan Doan Xuan Hung. Speaking in front of more than 200 representatives from research institutes and businesses at a recent seminar in Ehime, the ambassador said both sides will benefit ... Read More »

BUSINESS IN BRIEF 22/2

January sees better auto sales As the demand for cars shot up at Tet, several firms recorded a dramatic increase in sales volume, leading to strong growth for the auto market in January. Despite economic woes and the fear that consumers might suspend their car purchase plans to wait for registration fee cuts, car consumption in the first month of ... Read More »

Gold, dollar prices dance after Tet holiday

VietNamNet Bridge – The dollar price has been fluctuating so heavily since the market re-opening after the Tet holiday. However, experts believe that this does not mean the start of the dong depreciation wave. The greenback has unexpectedly appreciated against the dong after a long stabilization period On February 19 morning, the dollar prices in the black market in Hanoi ... Read More »

Next to Tet holiday, worry about unemployment comes

VietNamNet Bridge – After spending a long Tet holiday at ease, people have returned to the normal life with the permanent worry about the unemployment and low pay. The luggage that Dong Thi Hanh from Bac Giang province brings with herself when returning to the rent room in Kim Chung commune was very heavy Living in fears of becoming unemployed ... Read More »

HR firm bullish about Vietnam’s potential

Careerbuilder, a leading human capital solutions provider headquartered in the US , announced its official entry into Vietnam on February 21. The company said that it saw good development potential in the country despite the serious economic downturn. It has to acquired HR Vietnam and Kiem Viec, two of four main sites belonging to Vietnam Online Network (VON), for an ... Read More »