Japanese fashion brands eye Vietnam market Hung Le Vietnamese companies inspect Japanese fashion products at a program to connect Japanese fashion brands with Vietnamese firms in HCMC on November 21 - PHOTO: HUNG LE HCMC – A delegation of nine Japanese firms which own 14 fashion brands have come to Vietnam to sound out opportunities in the market which has seen modest development of Japanese fashion products. At a program to link Japanese and Vietnamese enterprises for franchise agreements in HCMC on November 21, the visiting Japanese fashion firms said they are looking at Vietnamese companies that are interested in franchise deals and apparel business. Organized by the Japan External Trade Organization (JETRO), the program prepares the first steps for Japanese fashion firms to enter the domestic market. Akira Kaise, CEO of I Am Co. Ltd, said the company’s fashion brand Name has been available in many markets including Hong Kong, China, South Korea, Taiwan, … [Read more...] about Japanese fashion brands eye Vietnam market
Hong kong delegation eyes local investment opportunities
Hong Kong delegation eyes local investment opportunities
Hong Kong delegation eyes local investment opportunities (04-06-2007) Hong Kong-run Matrix Manufacturing Viet Nam Ltd Co in the Hoa Khanh Industrial Zone in Da Nang City makes toys. — VNA/VNS Photo Xuan Quang HONG KONG— A business delegation from Hong Kong will be surveying investment patterns in Viet Nam from June 18-21, according to the Hong Kong Trade Development Council (TDC). TDC’s deputy executive director, Alan Wong, said at a press conference last Friday that the council plans to look at way of boosting trade between Hong Kong and Viet Nam. The delegation, headed by TDC executive director Peter Woo, includes representatives from well-established Hong Kong corporations such as Giordano International, Taifook Securities Group, Pacific Alliance and the GBW Corporation and the Hong Kong Stockbrokers Association. Hong Kong businesses are keen to invest in Vietnamese infrastructure projects in the electronics and textile industries, in the stock market and … [Read more...] about Hong Kong delegation eyes local investment opportunities
Social News 24/8
Telecommunication standardization in Asia-Pacific A meeting of the Asia-Pacific Telecommunity( APT) took place in Vietnam's central city of Da Nang on August 23 in preparation for the International Telecommunication Union (ITU) World Telecommunication Standardization Assembly 2016 and the ITU Regional Standardization Forum. The final meeting aimed to develop and finalize the Preliminary APT Common Proposals for this year's assembly, scheduled to be held in Tunisia in late October. Deputy Minister of Information and Communications Nguyen Minh Hong said Vietnam has cooperated closely with other members in the Asia and Pacific region. "The standardization of the IT and communications sectors is of great significance because it will be hard for member countries get connected with each other without common standards and regulations. There are many working groups at this meeting discussing wireless technology, equipment and network standards," said Hong. General Vo Nguyen Giap central to … [Read more...] about Social News 24/8
BUSINESS IN BRIEF 29/6
Hong Kong firms eye entering Vietnamese marketCompanies from Hong Kong are seeking investment opportunities in Vietnam, while many Vietnamese firms consider Hong Kong a bridge that helps them access international customers, a Hong Kong economic expert has said. Ex ecutive Director of Hong Kong Trade Development Council (HKTDC) Margaret Fong made the statement at a workshop in Ho Chi Minh City on June 24, which attracted nearly 60 CEOs and regional directors from Hong Kong's businesses and representatives from 600 Vietnamese firms. Fong said through Hong Kong, Vietnamese businesses can enter the Chinese market and Hong Kong's enterprises can support Vietnamese counterparts in approaching international and online markets. With over 47 representative offices worldwide, including in HCM City, the HKTDC hopes to contribute to promoting economic cooperation between Hong Kong and Vietnam, she stressed. Vice Chairman of the Government Office Le Manh Ha affirmed that the Vietnamese Government … [Read more...] about BUSINESS IN BRIEF 29/6
VNPT, MobiFone prepare for overseas investments
VietNamNet Bridge - Along with Viettel, the Vietnam Post and Telecommunications Group (VNPT) and MobiFone plan to reach out to foreign markets. Related news New top officials appointed to telecom giants in 2014 Foreign firms eye buying into MobiFone How many MobiFone shares can investors own? Viettel was the first telecom giant of Vietnam which invested abroad in 2006. To date, Viettel has been promoting investment in nine countries with a total of 175 million people. Viettel’s networks are operating in six countries, including Cambodia, Laos, Mozambique, Haiti, East Timor and Peru, bringing $1.2 billion in revenue for Viettel in 2014. In other markets as Cameroon, Burundi, and Tanzania, Viettel has received a license and is implementing investment. Viettel is also seeking investment licenses to invest in a number of African and Eastern European countries. Most recently, Viettel Global, Viettel’s subsidiary specializing in overseas projects, announced that it … [Read more...] about VNPT, MobiFone prepare for overseas investments
BUSINESS IN BRIEF 21/9
Steel export posts strong increase in 2016 Export of steel products in the first eight months this year reached 1.77 million tonnes, an increase of 49 percent from the previous year, according to the Vietnam Steel Association (VSA). During the period, the country produced 11.5 million tonnes, up 29 percent from earlier year and consumed 9.5 million tonnes, an increase of 29 percent. The price of construction steel went up in August and September, by 150,000-300,000 VND per tonne, reaching 9.5-9.9 million VND per tonne. In the same period, 13.7 million tonnes of steel products were imported at a cost of 5.15 billion USD, up 62.5 percent in volume and 15 percent in value. China accounted for 6.5 million tonnes or nearly 60 percent of the total imported steel volume. Booze exports to be reduced Viet Nam expects to earn US$900 million from exporting beverage products by 2035, according to the industry's planning. Under the new plan to 2025, with a vision to 2035, the Ministry of … [Read more...] about BUSINESS IN BRIEF 21/9
Social News 5/9
Danang applies IT in administrative reform Danang City led Vietnamese provinces and cities in Provincial Administrative Reform (PAR Index) in 2015 for the fifth consecutive time. Danang also topped the Public Administration Performance Index ranking over the past five years. These results are attributable to the application of IT. The “single window” section is located on the first floor on the headquarters of the Danang City’s People’s Committee, where citizens and representatives of organizations are instructed on how to proceed with their documents. There are computerized screens for citizens to use to search information and rate their satisfaction over the quality of public administration. Tran Hai from Huu Hai Company of Nguyen Tri Phuong Street, Hai Chau district, said: "Everything is good, procedures are quick and simple. Full instructions are given. For example, if I want to work with the Department of Planning and Investment, or the Department of … [Read more...] about Social News 5/9
BUSINESS IN BRIEF 24/8
Factory processing fruit for export launched in Ben Tre The Thuan Phong Agricultural Product Processing Co., Ltd inaugurated parts of a factory processing frozen fruit and vegetable for export in Chau Thanh district, the Mekong Delta province of Ben Tre on August 22. Facilities put into operation include a frozen warehouse covering an area of 1.2 ha, and a 3.5 ha processing workshop with a capacity of 6,000-10,000 tones of products per month. The second phase of the project will comprise two workshops, a plant for processing fruit and another for coconut milk production for export. On the occasion, Thuan Phong company donated 300 million VND (13,500 USD) to the scholarship fund of Chau Thanh district. Last year, a factory manufacturing canned coconut milk was launched in Ben Tre by the Ben Tre Import Export Joint Stock Company, becoming the largest of this kind in Vietnam. Ben Tre is the country's largest coconut cultivation area, with 63,000 hectares of trees generating 500 million … [Read more...] about BUSINESS IN BRIEF 24/8
Social News 16/8
Hanoi to plant 45,000 trees along Thang Long Avenue Hanoi plans to plant about 45,000 trees along Thang Long Avenue, the longest of its kind in Vietnam, stated Chairman of the municipal People's Committee Nguyen Duc Chung at his meeting with voters in Hoan Kiem district on August 15. The tree planting will help green up the city from Ba Vi outlying district to the National Convention Centre, Chung said. According to him, in the short term, around 20,000 trees will be planted. The capital city hopes to make a progress in managing trees in 12 inner districts, including a plan to grow one million new trees by 2020. To achieve the target, the city has consulted scientists and relevant offices about which types of trees should be planted. Thang Long Avenue has the length of 30km and the width of 140m for six lanes of vehicles. It connects Hanoi's inner part with satellite urban areas, such as Xuan Mai, Mieu Mon, and Son Tay, and tourist sites, including Ba Vi, Suoi Hai, and the … [Read more...] about Social News 16/8
BUSINESS IN BRIEF 8/8
Major tourism complex comes online in Binh Dinh Covering 1,300 hectares in Nhon Ly Commune, the FLC Quy Nhon-Binh Dinh complex consists of villas, a five-star hotel with 1,000 rooms, a 1,500-seat convention center, a 36-hole golf course, a golf academy, a marine ecotourism area and a safari park, among others. FLC broke ground for the project in August last year, and launched the golf course and the first phase of a villa area early this year. The golf course, FLC Quy Nhon Golf Links, was inaugurated after only five months of construction. In recent years, Binh Dinh has focused more on tourism with an aim to turn it into a key revenue generating sector in the province and Quy Nhon into a new major travel destination in the central region and the country as well. The province expects to attract 5.5 million visitors in 2020. The tourism complex is the first large-scale project developed in the key tourism area Phuong Mai-Ba Mountain. It is expected to help attract not only tourists … [Read more...] about BUSINESS IN BRIEF 8/8