Vietnam Business News

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• Direct air service to be launched between Kyiv and Ho Chi Minh City
• EU’s anti-dumping tax removal creates opportunities
• Creative management helps businesses save costs
• Vietnam resort ranks 1st on top ten hideaways
• New policies to ease disparity in foreign currency market
• Thai garment makers moving to cheaper Vietnam
• Salary survey to help businesses improve payment policies
• Vietnam Govt acknowledges ‘shortcomings’ in managing top shipbuilder
• Rice stockpiling in Vietnam 45pct complete, industry group says
• Vinamilk shareholders cancel Singapore listing plan after delay

Direct air service to be launched between Kyiv and Ho Chi Minh City Posted: 26 Mar 2011 07:11 PM PDT Ukraine and Vietnam have agreed to launch direct air service between Kyiv and Ho Chi Minh City (Vietnam), according to a joint statement of the presidents of Ukraine and Vietnam signed after bilateral talks in Hanoi on Saturday. “The leaders of both countries welcomed the launch of direct air service scheduled for the summer of [...]

EU’s anti-dumping tax removal creates opportunities Posted: 26 Mar 2011 04:16 AM PDT The EU removal of anti-dumping duties on leather shoes imported from Vietnam as of April 1 will open up opportunities for leather and footwear businesses to promote and expand their export markets. The leather and footwear industry is now taking the lead in Vietnam's export earnings from major markets such as Europe, the US, Japan [...]

Creative management helps businesses save costs Posted: 26 Mar 2011 04:15 AM PDT The creativity of company leaders and employees in a crisis is a lever to catapult itself out of difficulties, Dr. Dimian Adel Fawzi of Singapore Management University (SMU) told a seminar in Ho Chi Minh City yesterday. According to Dr. Dimian, director of SMU's MBA training program, creativity in management helps businesses cut costs. One [...]

Vietnam resort ranks 1st on top ten hideaways Posted: 26 Mar 2011 04:15 AM PDT Six Senses Ninh Van Bay resort in Vietnam's central Nha Trang city has topped a list of ten romantic beach retreats released by boutique hotel collection Mr & Mrs Smith (www.mrandmrssmith.com). The other nine include Cap d’Antibes Beach Hotel, Côte d’Azur (France), Lizard Island, Great Barrier Reef (Australia), The Datai, Langkawi (Malaysia), Masseria Torre Coccaro, [...]

New policies to ease disparity in foreign currency market Posted: 26 Mar 2011 04:14 AM PDT Barriers for trading foreign currencies are expected to be partially removed by revised policies from the Government and the central bank. Recently, the State Bank of Vietnam (SBV) proposed solutions to the Government for the problems in the trade of foreign currency, because the official market has not been able to meet real demand. According [...]

Thai garment makers moving to cheaper Vietnam Posted: 26 Mar 2011 04:13 AM PDT Rising local production costs have pushed five major Thai garment manufacturers to relocate to Vietnam, transferring combined investments of 1.5 billion baht. Sukij Kongpiyacharn, president of the Thai Garment Manufacturers Association (TGMA), said the Democrat Party’s election promise to increase minimum wages by 25% over the next two years is certain to reduce industry competitiveness. [...]

Salary survey to help businesses improve payment policies Posted: 26 Mar 2011 04:13 AM PDT U.S. Mercer, a leading firm for personnel services, will carry out a survey on salaries and welfare in Vietnam in April. This is the 12th year that Mercer has conducted this type of survey on the business environment of the country. This study's goal is to help businesses in Vietnam improve their payment policies. The [...]

Vietnam Govt acknowledges ‘shortcomings’ in managing top shipbuilder Posted: 26 Mar 2011 04:11 AM PDT Vietnam’s Prime Minister Nguyen Tan Dung and other leaders acknowledge "shortcomings" in managing the nation's top shipbuilding company, Deputy Prime Minister Nguyen Sinh Hung said. They had shortcomings and weaknesses but have conducted serious self-criticisms and drew lessons from those experiences, Hung said in a speech to the National Assembly, Vietnam's legislature, on Monday (March [...]

Rice stockpiling in Vietnam 45pct complete, industry group says Posted: 26 Mar 2011 04:11 AM PDT Vietnam, the world's second-largest rice exporter, has accumulated 45 percent of a targeted 1 million ton stockpile in a bid to prevent local prices from slumping at harvest time, the Vietnam Food Association said. Domestic rice prices have been supported by the initiative, as well as by expectations that the Philippines will sign import contracts, [...]

Vinamilk shareholders cancel Singapore listing plan after delay Posted: 26 Mar 2011 04:10 AM PDT Vietnam Dairy Products Joint-Stock Co., the country's biggest dairy producer, received shareholder approval to cancel a plan to list in Singapore after more than two years of regulatory delays, Chairwoman Mai Kieu Lien said. "The lack of clarity on the procedures has delayed the listing for a long time," Lien said in an interview today [...]

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