Vietnam Business News

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• Exports to Senegal hit $78.9m in first 4 mths
• Companies must boost performance
• Property loans need standardising
• Residential flats to be allowed to operate as offices
• Firms become takeover targets
• Province to boost tourism
• Real estate activity heats up in HCM City’s suburban districts
• Tour firms urged to improve services
• Exporters called on to create innovative plastic designs
• Inflation ‘a chance to restructure enterprises’

Exports to Senegal hit $78.9m in first 4 mths Posted: 20 May 2011 08:32 PM PDT Year-on-year export turnover to Senegal trebled to US$78.9 million in the first four months of this year, according to the Viet Nam General Department of Customs. Rice accounted for 92 per cent of the total export value during the period while motorbike spare parts came in a distant second. Other Vietnamese exports to Senegal include [...]

Companies must boost performance Posted: 20 May 2011 08:32 PM PDT Small and medium-sized enterprises should use the Balanced Scorecard, a strategic performance measurement tool and semi-standard structured report, to achieve greater success, a seminar heard in HCM City yesterday. Alan Fell, a Certified Balanced Scorecard Master Professional, said the BSC provides a framework that encourages the use of both financial and non-financial measures of performance, [...]

Property loans need standardising Posted: 20 May 2011 08:31 PM PDT The Ministry of Construction (MoC) has asked the Government to draw up property loan standards for credit organisations in order to regulate the domestic real estate market. According to the proposal, the standards would create conditions for real estate investors with a real demand for capital to access loans for financially viable projects. The ministry [...]

Residential flats to be allowed to operate as offices Posted: 20 May 2011 08:30 PM PDT The Ministry of Construction has just completed a draft circular allowing the use of resident apartment blocks for commercial purposes. The new draft regulates that to be used as office, an apartment is required to ensure a minimum average area of at least 8sq.m per person. In order for a residential apartment to be used [...]

Firms become takeover targets Posted: 20 May 2011 08:30 PM PDT Prolonged stagnation of Viet Nam’s stock market has lowered the value of many stocks, making a number of companies into attractive takeover targets. According to the Viet Nam Association of Financial Investors (VAFI), current prices of most stocks are very cheap compared with their asset value, offering lucrative investment opportunities for both value-driven investors and [...]

Province to boost tourism Posted: 20 May 2011 08:30 PM PDT The southern province of Ba Ria-Vung Tau has announced plans to develop four tourism hubs to attract investment in the industry. They are Vung Tau, Long Hai – Phuoc Hai, Nui Dinh, and Binh Chau – Ho Linh. The plan envisages developing Vung Tau by 2015 into a coastal tourist centre that will offer spas, [...]

Real estate activity heats up in HCM City’s suburban districts Posted: 20 May 2011 08:29 PM PDT While the apartment market in HCM City has been quiet of late, the housing and land market in outskirts areas is bustling, pushing up property prices, the Dau Tu (Investment Review) reported yesterday. It cited independent market observers as saying the number of property transactions has recently increased in districts undergoing rapid urbanisation, including Thu [...]

Tour firms urged to improve services Posted: 20 May 2011 08:29 PM PDT Representatives of travel agencies from mainland China, Hong Kong and Taiwan called Viet Nam’s central region an attractive tourist destination but complained that service quality and promotional programmes needed to be improved, at a tourism promotion seminar held by Vietnam Airlines in the central city of Da Nang Wednesday. “The central region is an ideal [...]

Exporters called on to create innovative plastic designs Posted: 20 May 2011 08:28 PM PDT Vietnamese exporters need to diversify their designs of plastic products and increase investment in market research to further penetrate the Japanese market, an expert has said. “Profit comes from not only production and processing but also from innovation and creativity that can meet market demand,” said Fumio Koyama, senior advisor at Japan International Cooperation Agency. [...]

Inflation ‘a chance to restructure enterprises’ Posted: 20 May 2011 08:28 PM PDT Economic experts and company directors discussed the development of the domestic economy, the impacts of Government policies and plans for the next six months at a seminar held here yesterday by the Viet Nam Association of Corporate Directors. Attendants agreed that soaring prices had pushed up input costs and decreased revenues and competitiveness, but also [...]

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