Vietnam Business News

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• Businesses need to expand investment in Cambodia: PM
• Italian commerce chamber opens office in Hanoi
• Vietnam Airlines will open flights to Narita, Japan
• Dragon fruit exports to the US increased
• Sugar prices likely to decrease
• Aquaculture plants struggle with lack of raw material
• Kon Tum cancels hydroelectric plant projects
• Vietnam remains world’s leading cashew exporter
• Vietnam Telecom 2010 to kick off in town this week
• France Telecom evince interest in buying MobiFone shares

Businesses need to expand investment in Cambodia: PM Posted: 16 Nov 2010 11:54 PM PST Vietnamese Prime Minister Nguyen Tan Dung met with the Vietnamese Business Association (VBA) in Cambodia during his visit to the country on November 16. The PM praised the VBA's contribution to promoting friendship and economic, commercial and investment cooperation between the two countries. The VBA now has 60 banking, finance, airline, agricultural, energy and mineral exploration invested [...]

Italian commerce chamber opens office in Hanoi Posted: 16 Nov 2010 11:54 PM PST The Chamber of Commerce of Italy (Icham) will open a representative office in Hanoi with the aim of promoting cultural exchange and trade relations between the two countries' businesses. A licence-granting ceremony was held by the Hanoi City People's Committee and Icham in Vietnam (Icham Vietnam) on November 16. Addressing the ceremony, Icham Chairman Tomaso Andreatta underlined [...]

Vietnam Airlines will open flights to Narita, Japan Posted: 16 Nov 2010 11:52 PM PST Vietnam Airlines will open 7 flights per week from Da Nang city to Narita International Airport in Tokyo, Japan as from mid-December. The 184-seat Airbus A321 flights will depart from Da Nang at 2:55 AM and arrive in Narita at 1:20 PM (local time) with a layover in HCM City. This winter timetable will last until the [...]

Dragon fruit exports to the US increased Posted: 16 Nov 2010 11:52 PM PST Vietnam's dragon fruit exports to the US are expected to reached 600 tonnes this year, an increase of 12 times over 2009, 500 tonnes of which have been shipped already, announced the Ministry of Agriculture and Rural Development. Vietnam has also exported dragon fruit to other demanding markets in the world. Its exports to Japan have reached [...]

Sugar prices likely to decrease Posted: 16 Nov 2010 11:51 PM PST Sugar producers have been surprised by the recent increase in the domestic sugar price but said it would drop at the start of the harvest later this month. The price currently stands at VND24,000 (US$1.20) per kilo, up roughly VND3,000-VND4,000 against September. Deputy director of BigC supermarket Nguyen Thai Dung said consumers had rushed to buy sugar [...]

Aquaculture plants struggle with lack of raw material Posted: 16 Nov 2010 11:50 PM PST Seafood processing plants nationwide have been running at only 40-50 per cent capacity since the start of the fourth quarter, due to a shortage of raw materials Seafood processing plants nationwide have been running at only 40-50 per cent capacity since the start of the fourth quarter, due to a shortage of raw materials, according to [...]

Kon Tum cancels hydroelectric plant projects Posted: 16 Nov 2010 11:49 PM PST Authorities from the central highland province of Kon Tum officially cancelled seven hydroelectric plant projects yesterday because of their low profits and negative environmental impact. The cancelled projects include Dak Xo Rach 3, Dak Xo Rach 4, Ngoc Tem which were produced by Hoang Anh Gia Lai company, Dak Man of Tu81 Cuong company, Nuoc Chim [...]

Vietnam remains world’s leading cashew exporter Posted: 16 Nov 2010 11:48 PM PST Till date, Vietnam has achieved 390,000 hectares of cashew cultivation with an export output of about 180,000 tonnes of cashew, earning an export turnover of some US$1 billion, according to Vietnam Cashew Association (VCA) on November 14. Thus, in four consecutive years (2006-2010), Vietnam has been ranked the world's largest cashew exporter (exceeding India-the traditional country [...]

Vietnam Telecom 2010 to kick off in town this week Posted: 16 Nov 2010 11:47 PM PST The 13th International Exhibition in Vietnam on Telecommunications and Information Technology, or the Vietnam Telecom/Electronics-Internet & IT 2010, will take place in HCM City from November 17-20. This year’s exhibition will have a displaying area of nearly 9,000 square meters, with more than 200 enterprises from 13 countries and territories such as Australia, France, Germany, Hong [...]

France Telecom evince interest in buying MobiFone shares Posted: 16 Nov 2010 11:47 PM PST France Telecom group, one of the world’s leading telecommunications operators, on November 16 continued determining its wish to purchase shares of Vietnam’s MobiFone mobile network provider when MobiFone decided to make equitisation. Charles Kennaway, Asean region general director of Regional Orange Business Services, a key brand of France Telecom Group, said: France Telecom has pursued plans [...]

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