Vietnam Business News

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• Preparatory meeting for ASEAN People’s Forum
• Pakistan eager to work with Vietnam’s tea sector
• Vietnam-Italy cooperate in footwear industry
• Delta has bigger fish to fry as fisheries takes root
• University implements Oracle software
• New Postal Law to take effect in January
• Businesses struggle with IT security
• Investment revives in Long An
• Piaggio secures $58.8m loan
• Ocean Bank earns $16.3 million

Preparatory meeting for ASEAN People’s Forum Posted: 30 Jul 2010 11:57 PM PDT More than 40 delegates from ASEAN people's and social organisations, and non-governmental organisations, have attended the second preparatory consultative meeting for the sixth ASEAN People's Forum (APF). The two-day meeting heard the results of the first preparatory consultative meeting taken place on May 29-30, including measures to increase the skills of ASEAN people's organisations in preparing [...]

Pakistan eager to work with Vietnam’s tea sector Posted: 30 Jul 2010 11:56 PM PDT Pakistan is ready to work with the Vietnamese tea sector, said the President of Pakistani Tea Association Muhammad Hamif Janoo. At the International Tea Conference in Hanoi on July 30, Muhammad Hamif Janoo said that Vietnamese tea has been imported by Pakistan from 1999 and is popular with local people for its quality and affordable price. He [...]

Vietnam-Italy cooperate in footwear industry Posted: 30 Jul 2010 11:56 PM PDT A conference on improving the competitiveness of small and medium-sized enterprises was held in Ho Chi Minh City on July 30. The conference was co-hosted by the Vietnamese Ministry of Industry and Trade, the UN Industry Development Organisation (UNIDO), the Italian Development Cooperation Agency and the Ho Chi Minh City Footwear Association. Enterprises attending the conference were [...]

Delta has bigger fish to fry as fisheries takes root Posted: 30 Jul 2010 11:54 PM PDT Blessed with ideal conditions for fisheries development, the Mekong Delta is becoming home to many fisheries firms which are driving the industry forward to enhance its world-class reputation. Embraced by a 750 kilometres of coastline home to 22 estuaries and over 800,000 hectares of tidal flats, and imbued with ecological diversity, the Mekong Delta is absolutely [...]

University implements Oracle software Posted: 30 Jul 2010 10:34 PM PDT Hoa Sen University has deployed US-based Oracle’s PeopleSoft Enterprise Campus Solutions 9.0 to enhance its operational efficiency. The software is designed to help manage student administration, student records and student progress. It also organises information resources and makes them available over the Net. Hoa Sen University is the first organisation in Viet Nam to deploy the student system [...]

New Postal Law to take effect in January Posted: 30 Jul 2010 10:32 PM PDT The Draft Postal Law, which becomes effective on January 1 next year, will have 10 charpters and 46 articles regulating provision, investment, quality, fees and the rights and responsibilities of service providers. It will also cover stamps, dispute settlement and compensation, and extent of the State’s responsibility. The Draft Postal Law is designed to meet growing demand [...]

Businesses struggle with IT security Posted: 30 Jul 2010 10:31 PM PDT Viet Nam is listed in the top 10 countries responsible for the spread of spam (junk mail) internationally, said Ngo Vi Dong, Chairman of the Association of Information Security in HCM City at a workshop on business security and safety. The workshop was held by Da Nang City People’s Committee in co-ordination with the Information Technology [...]

Investment revives in Long An Posted: 30 Jul 2010 10:30 PM PDT Foreign direct investment is picking up again after the economic slump last year in the southern province of Long An. In the first half of the year nearly US$105 million has been committed by investors in five projects, 18 per cent up from the same period last year, according to Phan Thanh Phi, head of the [...]

Piaggio secures $58.8m loan Posted: 30 Jul 2010 10:30 PM PDT The International Finance Corporation (IFC), a member of the World Bank, said it had given a loan of 45 million euros (US$58.8 million) to Italian vehicle maker Piaggio to expand its production in Viet Nam and India. Piaggio will use the money to increase production of environmentally friendly scooters, motorcycles and light commercial vehicles in existing [...]

Ocean Bank earns $16.3 million Posted: 30 Jul 2010 10:29 PM PDT OceanBank has posted a pre-tax profit of VND311 billion (US$16.3 million) for 2010, an increase of 265 per cent against the same period last year. In June, the bank’s total assets were valued at VND43 trillion ($2.2 billion). OceanBank, which has 83 branches nation-wide, has opened two more branches this week in Bac Giang Province and HCM [...]

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