Vietnam Business News

---

• FTA would allow Euro trade ties to flourish
• Finns look to cut open ethanol opportunities
• India spices up links with Vietnam
• National flag air carrier still cannot use Dung Quat’s oil
• Vietnam Airlines present VND800 mil to Japan
• Abu Dhabi firms scan opportunities in Vietnam
• Piaggio picks Vietnam as Vespa’s Asian R&D centre
• Reinsurer targets 295b dong pre tax profit in 2011
• Vietnam shocks could put damper on foreign investment
• Navibank expects 450b dong pre tax profit in 2011

FTA would allow Euro trade ties to flourish Posted: 11 Apr 2011 08:20 PM PDT European Union foreign direct investment in Vietnam is expected to jump if a free trade agreement becomes a reality. Vietnam and the European Union (EU) last year agreed to conduct the negotiations for a free trade agreement (FTA). This is a new milestone in the relations between the two parties since the signature of the [...]

Finns look to cut open ethanol opportunities Posted: 11 Apr 2011 08:20 PM PDT A Finnish technology leader is eager to cultivate the world's most modern ethanol manufacturing technology in Vietnam. The Finnish embassy's Finland Trade Centre (Finpro) reported that Chempolis Ltd, which provides sustainable solutions for biomass, paper, biofuel and chemical industries, was exploring opportunities to set up a joint venture with Vietnamese partners. The move would transfer [...]

India spices up links with Vietnam Posted: 11 Apr 2011 08:19 PM PDT Indian companies are checking out Vietnam to identify investment opportunities and boost a bilateral trade relationship worth $2.75 billion last year. India's ambassador to Vietnam Ranjit Rae delivered this message during the visit of a delegation of 62 Indian enterprises to Vietnam last week. Led by the Associated Chambers of Commerce and Industry of India [...]

National flag air carrier still cannot use Dung Quat’s oil Posted: 11 Apr 2011 08:17 PM PDT Since Vietnam Airlines still has to wait for opinions from four foreign aircraft engine manufacturers, the national flag air carrier still cannot use the air petrol made by Dung Quat Oil Refinery. Meeting all the domestic and international standards, Jet A1 petrol made by Dung Quat Oil Refinery has been provided to some partners and [...]

Vietnam Airlines present VND800 mil to Japan Posted: 11 Apr 2011 08:17 PM PDT Vietnam Airlines presented nearly VND800 million to the representative of the Japanese Red Cross Society (JRCS), Takashi Tanaka, on April 11 to support citizens in the quake-hit northeastern part of Japan. The Director of Vietnam Airlines' branch in Japan, Nguyen Minh Hai, sent condolences to victims of the devastating earthquake and tsunami and expressed hope [...]

Abu Dhabi firms scan opportunities in Vietnam Posted: 11 Apr 2011 09:02 AM PDT Abu Dhabi’s Department of Economic Development (DED) is taking part in the Foreign trade ministry-sponsored UAE pavilion at the 21st Vietnam International Fair (Vietnam Expo 2011) which concludes in Hanoi today. Six Abu Dhabi-based companies are participating in the event to offer new services and strengthen trade between Vietnam and global producers in home appliances, [...]

Piaggio picks Vietnam as Vespa’s Asian R&D centre Posted: 11 Apr 2011 09:02 AM PDT Piaggio Group has set up its first Vespa two-wheeler R&D centre in Asia in Vietnam to help achieve its revenue target of about ค1 billion (Bt43.5 billion) from Asia within four years. The R&D centre complements the group’s manufacturing investment in the country. Since beginning local production in June 2009, Piaggio has sold more than [...]

Reinsurer targets 295b dong pre tax profit in 2011 Posted: 11 Apr 2011 09:00 AM PDT Vietnam National Reinsurance Joint Stock Co (Vinare-VNR) has recently announced this year’s business target with 1.32 trillion dong of premium from reinsurance contracts, pre tax profit at 295 billion dong and dividend payment at 15 percent (basing on the new chartered capital). In 2010, VNR reached 268.55 billion of pre tax profit, up 9.63 percent [...]

Vietnam shocks could put damper on foreign investment Posted: 11 Apr 2011 09:00 AM PDT Exchange rate shocks in Vietnam, and the economic imbalances that led to them, could cause US companies to rethink investments there, an official with the US-Asean Business Council said. US firms doing business in Asia are able to manage exchange rate fluctuations that aren’t extreme, said Marc Mealy, vice president of the trade group. But [...]

Navibank expects 450b dong pre tax profit in 2011 Posted: 11 Apr 2011 09:00 AM PDT Nam Viet Commercial Joint Stock Bank (Navibank) has said that it would organise the annual shareholders’ meeting on April 15 in HCM City to pass this year business target. Accordingly, in 2011, the lender expects to gain 450 billion dong of pre tax profit (the figure was over 209 billion dong in 2010). To gain [...]

You are subscribed to email updates from Vietnam Business News To stop receiving these emails, you may unsubscribe now.	Email delivery powered by Google
Google Inc., 20 West Kinzie, Chicago IL USA 60610