Vietnam Business News

Italian businesses eye Vietnamese market

VBN — Sun, 26 Feb 2012 16:38:56 +0000

A number of Italian businesses attended a seminar in Rome on February 24 to learn about the tools for success in doing business in Vietnam. The event was jointly organized by the Vietnamese embassy in Italy, the Association of Vietnamese businesspersons in Italy (ASSEOVI), and the Modena provincial chapter of the Italian employers’ federation, Confindustria. [...]

Japanese company selects Vietnam as key production base

VBN — Sun, 26 Feb 2012 16:38:31 +0000

Japan’s Mitsui Engineering & Shipbuilding Company, Ltd. (MES) aims to make Vietnam a key production base for bridges and steel structures in order to expand its share in the Southeast Asian market. Since 1998, MES and the Thang Long Construction Corporation established a joint venture factory in Hanoi to produce steel structures such as bridges, [...]

Japanese businesses explore investment opportunities in Haiphong

VBN — Sun, 26 Feb 2012 16:37:47 +0000

Haiphong will create the most favourable conditions for Japanese investors to operate in the city, said Chairman of the municipal People’s Committee Duong Anh Dien. Dien made the commitment on February 25 while receiving a delegation of businesspeople from Japan’s Kansai region who are seeking investment opportunities in the field of the support industry. At the [...]

Vietnam invests in Mozambique’s agriculture

VBN — Sun, 26 Feb 2012 16:37:03 +0000

More than 30,000 hectares of land in Nampula province will be handed over to Vietnam’s agricultural investors, according to Mozambique News Agency. The Agency reported that a delegation of the Binh Phuoc provincial People’s Committee and some local businesses visited three districts in Nampula in mid-February and they were very impressed with the agricultural potential [...]

Agro-forestry, fisheries exports hit US$3.6 bil

VBN — Sun, 26 Feb 2012 16:34:57 +0000

Vietnam earned US$3.6 billion from agro-forestry-seafood exports in the first two months of this year, approximately the same as last year’s figure. The Ministry of Agriculture and Rural Development noted a remarkable decrease of 13.2 percent in the export value of key agricultural products with US$2 billion, as a result of dropping prices in the [...]

National Quality Awards improve competitiveness

VBN — Sun, 26 Feb 2012 16:33:35 +0000

The National Quality Awards play an important role in improving the competitiveness of products and services, especially its exports, says Deputy Prime Minister Nguyen Thien Nhan. Deputy PM Nhan congratulated 98 businesses on winning the awards at a ceremony in Hanoi on February 26 and affirmed that the honour helps businesses improve the quality of [...]

GM crops continue to grow

VBN — Sun, 26 Feb 2012 16:33:08 +0000

The world is witnessing strong development of commercialised biotech crops. Clive James, founder and chair of the International Service for the Acquisition of Agri-Biotech Application, reported at a conference on global status of commercialized biotech/genetically modified (GM) crops for 2011 in Hanoi that due to significant benefits, strong growth in GM crops continued in 2011. [...]

Gold poised at VND45.2 million

VBN — Sun, 26 Feb 2012 16:32:40 +0000

Price of gold in Vietnam hovered around VND45.2 million per tael (1.2 ounces) on February 25 as global price declined slightly due to profit-taking. Sacombank Jewellery Company bought gold at VND44.7 million and sold at VND45.2 million as of 9.40 am Vietnamese time. Saigon Jewellery Company, Vietnam’s biggest gold processor and trader, collected the metal [...]

Taking aim at banks’ credit growth

VBN — Sun, 26 Feb 2012 16:32:05 +0000

Industry insiders are attacking credit foreign banks’ credit growth in 2012. In mid February 2012 State Bank deputy governor Nguyen Dong Tien said: “Some foreign credit institutions sharply hiked their chartered capital in 2011. In fact, they are good banks with risk management as well as business governance expertise. Hence, this bank group will be [...]

Business leaders less positive in 2012

VBN — Sun, 26 Feb 2012 16:31:27 +0000

Two-thirds of business leaders believe business conditions in Vietnam have deteriorated, according to The Nielsen Vietnam. The online survey The Nielsen Business Barometer survey last week released stated that over 30 per cent of firms believed their situation would deteriorate, while 36 per cent expected conditions to remain the same in the next 6-12 months. [...]