Cash rich business sectors

The Vietnam Association of Seafood Exporters and Producers (VASEP) said the US and Europe have the largest demands for tuna. A survey by US-based firm Tri Marine, which is now owned by Italy’s Bolton Group showed that canned tuna, which is a key export item of Vietnam, is favoured over other tuna products in the US market. … [Read more...] about BUSINESS NEWS OCTOBER 12

“I’ve spent a number of years in Vietnam previously, having managed hotels in Phu Quoc and Ho Chi Minh City, and fell in love with the charm of this dynamic and developing country,” he explained. “My experience working closely with the local team to oversee multiple hotel departments, implement new brand standards, and develop and monitor growth strategies will take Fusion Suites Da Nang to a new level. I enjoy rolling up my sleeves and getting stuck in!” … [Read more...] about BUSINESS NEWS OCTOBER 11

Attending the event were Vietnamese Ambassador to Laos Nguyen Ba Hung; Lao Deputy Minister of Planning and Investment and Vice Chairman of the Laos – Vietnam Cooperation Committee Khamphoi Keokinnaly; Chairman of the Lao National Assembly’s Committee on Planning, Finance and Auditing and Chairman of the Laos – Vietnam Friendship Association Central Committee Vilayvong Bouddakham; and former Director of the Lao National Economic Research Institute Bouasone Bouphavanh, among others. … [Read more...] about VIETNAM BUSINESS NEWS HEADLINES OCTOBER 13

Adhip Mitra, additional executive director and secretary of Engineering Export Promotion Council (EEPC) of India, said that India’s share in Việt Nam’s engineering import basket was around 1.3 per cent and the Indian side wanted to increase its share. … [Read more...] about India, VN eye closer co-operation in engineering sector

Along with strong development, the city’s business community has taken a strong step forward. From 2016 to September 2019, there were 93,000 newly established enterprises, up 22.5% compared to the 2011 – 2015 period. The city has attracted US$20.28 billion in FDI, a 3.24-fold increase against the 2011 – 2015;  VND622 trillion (US$26.81 billion) in capital was mobilized from the private sector for development.  “The private sector has become a major driving force of Hanoi’s economy, contributing 39% to the GRDP in 2018, up 1.5 percentage points from the 37.5% rate in 2015,” Chung added.  Total capital for investment from the private sector in the 2016 – 2018 period reached VND927.88 trillion (US$40 billion), or 36.4% of the GRDP.  A major proportion of development investment has shifted from the state sector to the private sector, helping the city maintain high growth rate, Chung stressed.  In this context, members … [Read more...] about Businesses seen as pioneering contributor to Hanoi’s development: Mayor

I have been in Vietnam for one year and have observed strong determination of your city’s leaders, particularly Chairman of the Hanoi People’ Committee Nguyen Duc Chung in making Hanoi a better place not only for the city’s people, tourists but also investors. Your efforts have been recognized by the fact that Hanoi jumped up four places and became one of the 10 cities and provinces with the highest competitiveness score in Vietnam. But I know Hanoi will not stop there. A friendly investment environment should make sense in all meanings: enabling businesses, promoting e-government with simplified and digitalized administrative procedures, and having a smart and green environment. My home city, Oslo, has a lot of lessons on promoting a green and smart city, for example banning cars in some parts of the city, removing parking spots and replacing them with new lanes for bicycles and tiny parks, improving public transport, electric city buses and making cycling safe and … [Read more...] about Foreign firms keen to invest in wide range of sectors in Hanoi: Diplomats